Course

Strategic Management

Indian Institute of Technology Kharagpur

This course on Strategic Management delves into the essence of strategic philosophy and competitive dynamics, focusing on how organizations can achieve and sustain competitive advantages. Participants will engage in various topics, including:

  1. Strategy: Philosophy; Competition; Competitive Advantage - Part I
  2. Strategy: Philosophy; Competition; Competitive Advantage - Part II
  3. Case Study - Group Presentation on Case I (Baddi's Solvent)
  4. Case Study - Group Presentation on Case II
  5. Case Study - Group Presentation on Case III
  6. Case Study - Group Presentation on Case IV
  7. Strategy: Implementation in Organizations
  8. Strategy: Design: Process: Managing Strategic Change
  9. Case Study: The House of Tata
  10. Case Study: The House of Tata
  11. Group Presentation - II

Through detailed case studies, participants will gain insights into successful strategies employed by significant organizations, particularly under the lens of the House of Tata.

Course Lectures
  • This module introduces the foundational concepts of strategy, focusing on the philosophical underpinnings of strategic management and how competition shapes organizational direction. Participants will explore:

    • The importance of strategic thinking
    • Different competitive strategies
    • Identifying and leveraging competitive advantages

    By the end of this module, students will be equipped with the skills to analyze various strategic frameworks and apply them effectively in real-world scenarios.

  • This module continues the exploration of strategic management, diving deeper into competition and competitive advantages. Students will engage in discussions about:

    • Advanced concepts of competitive strategy
    • Tools for assessing competitive environments
    • Strategic positioning in various markets

    Through case studies and practical examples, participants will learn how to create robust strategies that can withstand market fluctuations.

  • This module focuses on a specific case study, allowing groups to present their findings on Baddi's Solvent. Participants will:

    • Analyze the strategic decisions made by Baddi's Solvent
    • Discuss the impact of these decisions on the company’s success
    • Collaborate to develop and present strategic alternatives

    This collaborative approach enhances critical thinking and teamwork skills while applying theoretical knowledge to real business situations.

  • This module presents another case study where students will explore a different organization’s strategic approach. Participants will:

    • Examine the organization's strategic challenges
    • Evaluate the effectiveness of their strategic responses
    • Collaborate on group presentations to propose new strategies

    Through this exercise, students will deepen their understanding of strategic management and develop practical presentation skills.

  • This module continues the case study presentations, providing students with the opportunity to analyze yet another organization’s strategic decisions. Key activities will include:

    • Reviewing strategic initiatives
    • Assessing their outcomes and lessons learned
    • Collaboratively developing recommendations for improvement

    Participants will enhance their analytical skills and ability to work as a team, making informed recommendations based on their findings.

  • This module centers around the final case study presentation, where students will synthesize their learnings from previous studies to present their insights. They will:

    • Integrate knowledge from all case studies
    • Present strategic recommendations to the class
    • Receive feedback to improve their strategic thinking

    This culminating experience reinforces the importance of strategic analysis and its application in real business contexts.

  • This module explores the critical aspect of strategy implementation within organizations. Participants will learn about:

    • The importance of effective implementation strategies
    • Challenges faced during the implementation phase
    • Methods to overcome these challenges

    Through discussions and case studies, students will understand how to align strategic initiatives with organizational capabilities, ensuring successful execution.

  • This module focuses on strategy design and the processes involved in managing strategic change within organizations. Key topics include:

    • Frameworks for strategic design
    • Processes for implementing change
    • Managing resistance to change

    Students will learn how to develop and manage effective strategies that adapt to dynamic business environments, ensuring organizational resilience.

  • Lec-9 Case Study-The House of Tata
    Prof. Kalyan Chakravarti

    This module provides an in-depth analysis of the House of Tata as a significant case study in strategic management. Participants will:

    • Examine Tata's history and strategic evolution
    • Analyze key business decisions and their impacts
    • Discuss Tata's competitive strategies in various sectors

    This analysis will offer valuable lessons on effective strategic management and the role of leadership in achieving long-term success.

  • Lec-10 Case Study: The House of Tata
    Prof. Kalyan Chakravarti

    This module continues the exploration of the House of Tata, allowing students to present their findings and insights. Participants will:

    • Share their analyses of Tata's strategic decisions
    • Engage in peer feedback sessions
    • Discuss alternative strategies for growth and sustainability

    This collaborative effort aims to deepen understanding of strategic management in a real-world context, enhancing both presentation and analytical skills.

  • Lec-11 Group Presentation-II
    Prof. Kalyan Chakravarti

    This final module focuses on Group Presentation II, where students will showcase their cumulative knowledge acquired throughout the course. Activities will include:

    • Presenting strategic analyses of selected case studies
    • Receiving constructive feedback from peers and instructors
    • Reflecting on learning experiences and outcomes

    This module culminates the course, emphasizing the importance of effective communication and teamwork in strategic management.