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Unit 32: Business Strategy Unit

 

Code K/508/0574

Unit level 5

Credit value 15

Introduction

The aim of this unit is to develop students’ awareness of the different kinds of strategy, which could be used in an operational, tactical or strategic role for an organisation. This will be underpinned by a thorough knowledge and understanding of the theories, models and concepts which could significantly support an organisation’s strategic choice and direction. On successful completion of this unit, students will have developed sufficient knowledge and understanding of strategy to make a positive, efficient and effective contribution to the development of business plans and operational direction. This could be in the role of a junior manager responsible for having a specific input into an organisation’s decision-making and planning.

Learning Outcomes By the end of this unit a student will be able to:

  1. Analyse the impact and influence which the macro environment has on an organisation and its business strategies.
  2. Assess an organisation’s internal environment and capabilities.
  3. Evaluate and apply the outcomes of an analysis using Porter’s Five Forces model to a given market sector.
  4. Apply models, theories and concepts to assist with the understanding and interpretation of strategic directions available to an organisation.

Welcome to unit 32.1! Business strategy! Let us dive in!

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