Course detail

Strategic Management

FP-smaPAcad. year: 2026/2027

Strategic management in the market economy and competitive environment is a crucial aspect of company success. Decision about strategy, if the selected strategy should lead the company to the required target, has to be based on solid strategic analysis. Only on this base, the management can generate possible solutions, choose and implement an optimal variant. Within the process of strategic management, the management of a company considers factors such as available resources, mission and goals, external and internal environment of company. Strategy created and understood this way can represent a good basis for ensuring the competitiveness of a company.

Language of instruction

Czech

Number of ECTS credits

5

Assignment to study programme types

Master's

Mode of study

Not applicable.

Entry knowledge

Students are expected to have basic knowledge of methods used in planning, organizing, stimulation and control. They have to understand basic function of company. Knowledge of basic marketing methods is required.

Rules for evaluation and completion of the course

To pass the course, students must obtain a credit and pass the exam. The specific requirements for each component are listed below.

Credit – Evaluation of Continuous Tasks

Five tasks are completed progressively during the course, each worth up to five points. A minimum of 15 points is required to earn the credit. Assessment focuses primarily on participation, teamwork, the ability to interpret and present results, the use of assigned approaches and resources, and the quality of the work. Earning the credit is a prerequisite for being admitted to the exam.

Tasks are completed in teams. The points earned count toward the overall grade, and each student carries them over to the exam—see the exam grading criteria.

Exam

The exam takes the form of a team workshop. Students work through four assigned tasks one by one, which the team then presents and defends. During the completion, presentation, and defense of these tasks, students must demonstrate both practical skills and theoretical knowledge of the subject matter. Each task is graded separately on a scale of 0 to 100 and assigned a corresponding ECTS grade. The team is evaluated as a whole. Students may use the points earned on the ongoing assignments to improve their grades on individual assignments. The final grade is then determined by the average of the grades for all assignments. If a student wishes to achieve a higher grade than the one received, an individual oral retest is possible.

Exam Procedure

  • The exam lasts 4–5 hours. At least two breaks are scheduled during the exam.
  • During the exam, students may only use permitted materials and aids.
  • It is recommended to have a laptop, tablet, or smartphone available for the exam.

Retake exam dates are governed by the Academic and Examination Regulations.

Students with an Individual Study Plan (ISP)

Students with an ISP must agree on their individual study plan with the course instructors. To earn credit, they must complete a project according to the instructors’ assignment. They will receive a grade based on the exam (see above).

Aims

The objective of the course is to make students familiar with the strategic management process in market and competitive environment. The course is focused on explanation of analytical tools and possibility of their application and on formulation of strategy and its realization.
Students will have a clear idea of strategic management process and principles of strategic thinking. They will be made familiar with analytical tools intended for strategic analysis of external and internal factors. Students will learn the methodology of formulation of strategy based on hierarchical strategy structure - corporate, business and functional strategy. Students will also learn the methods applied for selection, realization and evaluation of strategy.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

HITT, M.A. - IRELAND, R.D. - HOSKISSON, R.E. Strategic Management - Competitiveness and Globalization: Concepts. 6th ed. South-Western College Pub, 2004. 544 p. ISBN 0324275307
JOHNSON, G. - SCHOLES, K. Cesty k úspěšnému podniku. Přel. Z. Strnad. 1. vyd. Praha: Computer Press, 2000. 803 s. Přel. z: Exploring Corporate Strategy. ISBN 80-7226-220-3
ZICH, R. Koncepce úspěchuschopnosti Konkurenceschopnost - vítězství, nebo účast v soutěži?. Brno: Akademické nakladatelství CERM, 2012. 125 s. ISBN: 978-80-7204-818- 2.

Recommended reading

GRANT, R.M. Contemporary strategic analysis. 6th ed. Blackwell Publishing, 2008. 482 p. ISBN 978-1-4051-6309-5.
KOTLER, P. Marketing Management. 10. vyd. Praha: Grada Publishing, 2001. 720 s. ISBN 80-247-0016-6.
MALLYA, T. Základy strategického řízení a rozhodování. 1.vyd., Praha: Grada Publishing, a.s., 2007. 246 s. ISBN 978-80-247-1911-5.
MINTZBERG - QUINN - GHOSHAL The Strategic Management Process. Revised European Edition. Prentice Hall Europe 1998, 1036 p. ISBN 0-13-675984-X.
PORTER, MICHAEL E. Competitive Advantage. First Free Press Export Edition: Free Press 2004. 557 s. ISBN: 0-7432-6087-2.

Elearning

Classification of course in study plans

  • Programme MGR-IM Master's 1 year of study, winter semester, compulsory
  • Programme MGR-SRP Master's 1 year of study, winter semester, compulsory
  • Programme MGR-UFRP Master's 2 year of study, winter semester, compulsory-optional
  • Programme MPC-EVM Master's 2 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

1. Strategic management – process and specification, hierarchy of company strategy.
2. Strategic goals and objectives and their links to vision, mission, corporate, business and functional strategy.
3. Definition and analysis of business environment. Identification of relevant factors of general and industry environment. Analysis of competitive environment. Identification of customers and competitors. Analysis of competition and competitive relations.
4. Analysis of internal factors of competitive advantage based on functional approach. Application of value chain as a tool for analysis and development of competitive advantage.
5. Application of resource based view and core competences in the process of identification and development of competitive advantage.
6. Definition of business strategy. Competitive character of business strategy. Business strategy based on application of business model.
7. Formulation of vision and mission. Corporate strategy in the context of diversification. Restructuring of company. Function of corporate strategy in development of strategic competitiveness.
8. Hierarchy of company strategy in the context of internationalization activities.
9. Strategic development based on external cooperation. Strategic alliances and networks. Strategic aspects of mergers.
10. Implementation of strategy. Organizational aspects of strategy implementation. Strategic control. Strategic leadership and role of management in strategy implementation.

Exercise

13 hours, compulsory

Teacher / Lecturer

Syllabus

Case Study Solutions

Project Presentations




Elearning