Strategy (STRT)

STRT 4501. Strategy in Action. 4 Hours.

Provides for the integration and application of administrative theory, knowledge, skills, and experiences for effective strategic performance in an organization. Enables students to acquire a better understanding of the relevance and limitations of business and management concepts and techniques when making and implementing strategic decisions. Prereq. Business majors and combined majors only with senior standing.

STRT 4514. Internal Case Competition Challenge. 4 Hours.

Covers integration and application of theory, knowledge, skills, and experiences for effective strategic performance in an organization. Offers students an opportunity to develop strong analytical, critical-thinking, team-building, and presentation skills to prepare them for addressing business problems strategically and to present their analysis and solutions effectively, both orally and in writing. A key element of this course is participation in an internal case competition sponsored by the D’Amore-McKim School of Business. Prereq. Junior or senior standing; business majors only.

STRT 4516. External Case Competition Challenge. 4 Hours.

Covers integration and application of theory, knowledge, skills, and experiences for effective strategic performance in an organization. Offers students an opportunity to develop strong analytical, critical-thinking, team-building, and presentation skills to prepare them for addressing business problems strategically and to present their analysis and solutions effectively, both orally and in writing. A key element of this course is participation in external case competitions. Prereq. Junior or senior standing; business majors only.

STRT 6200. Strategic Decision Making in a Changing Environment. 3 Hours.

Focuses on strategy development and implementation for a line of business and for the corporation as a whole by adopting a top management perspective. Beginning with developing a mission statement and goals for the firm, focuses on environmental scanning, incorporating economic, technological, sociopolitical, and legal trends in conducting industry analysis, thus assessing opportunities and threats and the firm’s capabilities before formulating strategy that represents a fit between the environment and the firm. Discusses how to develop competitive advantage and assess competitive positioning, and studies how organizational structure and systems contribute to implementing strategy. Stresses the role of leadership and motivation before moving on to feedback mechanisms to assess success in strategy implementation, leading to revision of strategic plans as needed. Prereq. (a) FINA 6208 or FINA 6200 and (b) HRMG 6208 or HRMG 6200 and (c) MECN 6208 or MECN 6200 and (d) MKTG 6208 or MKTG 6200.

STRT 6208. Strategic Decisions for Growth. 3 Hours.

Focuses on developing and implementing long-term strategy for businesses. Examines how businesses grow in the context of the external environment. Environmental, macroeconomic, and competitive analysis; industry structure analysis; and an evaluation of current and future resources available to a firm together help determine strategy choices in a world characterized by alliances, outsourcing, and mergers and acquisitions. Leadership, organizational structure, business processes, the quality of human capital, corporate social responsibility, and reward systems all affect strategy implementation. Measurement and control systems help determine strategic plan achievement and create a feedback loop for revising strategic plans for future periods. Prereq. 25 semester hours of MBA core curriculum; business administration and finance/business administration students only.

STRT 6210. Workforce Metrics and Analytics. 3 Hours.

Introduces how to measure and manage a workforce strategically, including (1) identifying the strategic work that is truly necessary to execute firm strategy; (2) investing in differentiated management systems that support that work; and (3) designing and implementing targeted measurement systems, such as human resources function and workforce scorecards, designed to help to hold line managers accountable for strategic talent. Emphasizes helping students move from a focus on levels associated with a particular workforce attribute (e.g., what is our cost per hire?) to understanding the impact of the workforce on business-level outcomes (e.g., how might an increase in the quality of our project managers affect new product cycle time?). Prereq. Restricted to students in selected MBA and MSF programs.

STRT 6220. Strategic Management for Healthcare Organizations. 3 Hours.

Offers students an opportunity to understand general business strategy concepts as they relate to the healthcare industry. Explores how to analyze market opportunities and challenges as they apply to various healthcare organizations, such as hospitals, physician organizations, and nursing homes. Presents and discusses analytical frameworks for making strategic decisions, drawing on different disciplines, including economics, management, and psychology. Strategic issues include mergers and acquisitions, vertical integration, joint ventures and alliances, performance-control systems, and organizational design. Prereq. Open to MBA, MPA, and MPH students; to MS students in urban and regional policy and in law, policy, and society; and to business certificate students.

STRT 6291. Changing the Strategic Viewpoint for Competitive Advantage. 2 Hours.

Studies different business strategy perspectives, examining how businesses create competitive advantage with strategy and how businesses can choose perspectives most relevant to their particular situation. Offers students an opportunity to develop the foundation to evolve new ways of thinking about strategy so they may view problems in ways their competitors haven’t yet discovered. Strategy perspectives include industry structure (focused on competitive forces such as customers, suppliers, and competitors); resource-based (focused on identifying what the firm excels at and finding opportunities to leverage it); and learning (focused on learning as a strategic asset where the company’s ability to learn and adapt quickly provides a competitive edge). Applies this range of strategy perspectives to generate useful strategic insights. Prereq. Executive MBA students only.

STRT 6962. Elective. 1-4 Hours.

Offers elective credit for courses taken at other academic institutions.

STRT 7976. Directed Study. 1-4 Hours.

Offers independent work under the direction of members of the department on chosen topics.