week 1

a) What are you hoping to learn from this module? (think generally about both knowledge and skills)

-          We are studying strategy choice and impact as our syllabus of London Metropolitan University under the completion of BSC (Hons) in Business Administration (International Business). This module contains :

                                i.            What is strategy? Definition and links with other Disciplines.

                               ii.            Strategy Analysis: Analyzing organization purpose and scope.

                              iii.            Strategy Analysis: Analyzing the internal and external environment.

                              iv.            Strategy Choice: Assessing business unit and corporate level strategy options.

                              v.            Strategy Choice : Evaluating strategy choices and making strategic decisions

                            vi.             Strategy Impact: Persuading and influencing others, strategy buy-in.

                            vii.            Strategy Impact: Designing and implementing strategy change.

                           viii.            Different School of Strategic thought.

                             ix.            Different Process and practices of strategy making.

                              x.            Strategic Leadership.

                             xi.            Understanding the variety of strategic jobs and skills required to be an effective strategist.

I think we learn all above topics which help us to fit in the real world of business and formulate familiar to know subsequent:

1.  Establish an understanding of the variety of diverse type of strategy roles and the different abilities and expertise needed as a strategy specialist. For Example: strategy consultants, planners and analysts.

2.  Provide better knowledge to work effectively as independently or in group on a business duty or project.

3. Determination and understanding of a variety of diverse methods to the procedure of strategy development and be able to analytically deliberate the limitations and significance of different methods and practices for a specific context, such as a very fast fluctuating atmosphere.

4.  Examine a business or manufacturing state with a suitable range of strategic management frameworks and logical idea and technique.

5.  Build up and assess a range of strategic choice to tackle tactical issues in a particular managerial situation and present a winning case for a particular course of action.

6.Recognize the major issues meeting an association when developing and implement strategic change and make suggestion for managing and implementing change effectively.

b)     How might this module useful to you after passing out the institution (Think specifically about what you want to do when you leave)

-          After passing out the institution students should engage in different Business, whether it is owns business or others. This module (Strategy: Choice and Impact) provides various benefits to the organization in present as well as in future. Some of the usefulness are as follows:

1.      This Module (strategy: choice and impact) help to decrease the business disturbance because it has been designed in such a way that it follows a procedure.

2.      Strategy is made on logical and rational manner, therefore its effectiveness and its accomplishment are ensured.

3.      Strategy management takes into account the future and anticipates for it.

4.      It brings growth in the business because it searches for opportunities.

5.      Strategy management focuses on proactive approach which facilitates association to snatch every opportunity that is obtainable in the market.

6.      Strategy management also includes to the reputation of the business because of reliability which comes from organization success.

7.      Strategy management look at the threat in attendance in the external environment and thus business can either work to get rid of them or else neutralize the threats is such a way that they turn out to be an opportunity for their success.

c)      Describe three things you will do that will help you to learn and to get good marks on this module?

-          There are different things which help us to learn and to get good marks on this module which are as enlisted below:

1. Go to every class.

2.  Sit in the front of the class.

3.   Finish your assignment on time.

4.  Ask question and volunteer answers in class.

5.  Choose class that you like and find Interesting.

6. Don’t overload.

7.  Study a little bit every day.

8. Start or join study Group.

9.   When you study set goals and take breaks.

10 Study, study, study (hard working).

Three things are explained below:

1.      Sit in the front of the class:. Sitting in the front will assist you to focus and pay concentration while helping you to gain more information. In addition it helps the lecturer to get to familiar with you, which may guide to more helpful feelings when evaluation time comes. Professors are sometimes more moderate on learner they know than the faceless learner in the back of the class.

            Source: http://thecollegejuice.com/wp-content/uploads/2011/08/guy-in-class-300x199.jpg

2.      Don’t Overload: Some students believe that it’s mark of pride to take as loads of hour as the university permit. Take four or five courses each semester. And, unless you are very special, don’t join more than one major. Each major outfitted with 10 or 12 mandatory courses, and you can really kill your GPA if you’re taking lots of necessary module which is forced courses in a major that you are only half interested in. Some students also thinks that this module is easiest one we study when exam comes nearer, finally at the time of exam they feel overload to them and secure low grades. So, study regularly is only one solution to get rid of overload. 

                             Source:http://www.inc.com/uploaded_files/image/stress-pano_12353.jpg

3.      Study, study, study (hard working): Study at morning and regularly, breaking your lessons into shorter time will formulate less of a task and give concentrate to learn the material, before moving on. Develop and follow good study habits. Make it a habbit and learning will become second nature to you. Study with friends and add support and finally know how you best study. Some people need full silent to concentrate while others like a little noise. Familiar which one suits for you and join with it.

                            Source: http://thumbs.dreamstime.com/thumblarge_377/1237704483HpW9xl.jpg

d)     Describe three things that others (your lecturer, Classmates, others…) could do that will help you to learn and to get good marks on this module.

-          We know that success of anyone is pride in itself but I want to clarify that success never comes in itself. Every student’s success depends on how their lecture teaches, is lecturer have qualified or expertise in their own subject area or not? How supportive their Parents are? How their friends are? Here are the three things which will help me to get good marks on this module are:

·         As we know “Parents are the primary school of their children”. Every parent must provide better learning environment for their children, provide each and every material for their children while studying then only children can study hard and be a successful person in life. So with the help of my parents, I can surely get good grades.

·         In addition, it is necessary for students that their lecturer are experience on particular module, good communication and presentation skills, friendly environment, expertise in particular topic, etc

·          Similarly, friends should must share their knowledge of everyday class when others are absent, provide information, discus tropics of day to day activities then only it will be beneficial, finally friends is also a key element for creating a better learning environment and to achieve good grades.

References: 

1. Ansoff,H.L 1980 'strategic issue management'. Strategic management journal, 1:131-148

2. Drucker, P.F. 1958. 'Marketing and economic Development. Journal of Marketing, 22:252-259.

3. Hainsworth, B.E. & Wilson, L.J. 1992. ‘Strategic Programme Planning’. Public relation Review, 18(1) : 9-15

4. Jensen M, Zajac EJ. 2004. Corporate elites and corporate strategy: how demographic preferences and structural position shape the scope of the firm. Strategic Management Journal 25(6): 507–524.

 5.Ljubojevic, K, & Dimitrijevic, M (2007). Choosing your CRM strategy, Strategic Management, 15,333-349.