Strategy and Management (IND630)

Many of the students taking a masters degree at Industrial Economics, Risk management and Planning will be part of a management team during their career. Even as newcomers in the industry, several will be involved in the organisations management- and strategy processes. Knowledge about different strategy tools, strategy planning and strategy implementation is essential in a management role.

Many businesses experience rapid changes in competition climate as a result of changes in local markets due to increased globalisation. The consequence is changes in customer preferences and demands for new goods and services. New products and quality standards require innovation and new competence. Leadership can have an important impact on value creation, both technologically and socially, especially in competence driven businesses. Knowledge and insight in what constitutes good leadership is essential for building a good framework for the organisations value creation.

Development, growth and external and internal adjustment has to be managed. As do learning and innovative processes. Leadership affects the organisations use and development of social, technological and commercial recourses. Strategic leadership integrates and combines knowledge of different competitive environments with relevant strategic tools and alternatives. Leadership is an essential ingredient at all levels in this process, from analysis to implementation.


Course description for study year 2023-2024. Please note that changes may occur.

Facts

Course code

IND630

Version

1

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

Norwegian

Offered by
Time table

View course schedule

Content

The aim of this course is to increase the student's understanding of different factors than can affect the organizations' conditions to succeed. This demands a comprehensive approach to the organization, the competitive environment, and leadership. These factors will influence the management's strategy process and strategy execution.

This will represent a holistic approach to the different topics and disciplines that are integrated into strategic Leadership. The intention is to move toward an integration of different theoretical approaches with contributions from management literature, economics, organizational theory, and psychology. The complexity of the subject shall stimulate critical and analytical thinking and the ability to be a competent partner in a concrete organizational setting.

Learning outcome

Knowledge

  • The student should have extensive knowledge of leadership theories relevant to knowledge-, learning, and innovation-intensive organizations
  • The student should have knowledge about how complexity requires collaboration, collective intelligence, and psychological safety
  • The student should have extensive knowledge of different strategy models to evaluate external and internal conditions
  • The student should know strategic analysis, methods, and analytical tools

Skills

  • The student should be able to employ leadership for promoting goal-oriented collaboration in groups
  • The student should be able to employ leadership for increasing creativity, learning, knowledge sharing, and action in groups
  • The student should be able to undertake strategic analysis
  • The student should be able to implement strategy through measurement, change, and innovation processes

General competencies

  • The student should be able to demonstrate abilities to collaborate
  • The student should be able to communicate in a clear and easy-to-understand manner
  • The student should be able to critically reflect on how strategy and leadership are tools for choices and action
  • The student should be able to critically reflect on the roles of purpose, sustainability, and social responsibility for both leadership and strategy

Required prerequisite knowledge

None

Recommended prerequisites

IND105 Organization and Management, IND200 Economics and Markets

Exam

Form of assessment Weight Duration Marks Aid
Team-based homework with final oral examination of the group after the presentation 1/1 2 Weeks Letter grades

The home exam has a duration of two (2) weeks.The home exam is conducted as a group work where students work on a case. A written report and a written basis for an oral presentation should be handed in. Oral presentation lasts about 30 minutes.The oral exam is based on the report from the home-exam in addition to answering relevant questions for the case.The home exam can be done individually in agreement with the teacher.

Coursework requirements

The students must write up a brief case description of the work that forms the basis for the take home exam.

The lectures in the subject are recommended, but not compulsory.

Course teacher(s)

Course teacher:

Kristin Engh

Course coordinator:

Sigbjørn Landazuri Tveteraas

Course teacher:

Sigbjørn Landazuri Tveteraas

Head of Department:

Tore Markeset

Method of work

Lectures, team-work and team presentations.

Overlapping courses

Course Reduction (SP)
Strategy (BØK235_1) 5

Open for

Master students at Faculty of Sciences and Technology

Master students at Faculty of Social Scienses

Course assessment

There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Literature

Search for literature in Leganto