Strategic Management is a field of study that gives students the means to successfully lead an organization. It includes the study of objective identification of the organization, analysis of the internal and competitive environment, the creation and evaluation of policies and strategies, and resources for the implementation of the plans. It is highly inter-disciplinary as it is closely related to other disciplines like Business Administration, Marketing, Finance, Statistics, and Human Resource Management.
Colleges and universities, as a specialisation or concentration under a broader Business Management degree, usually offer strategic Management. It is a degree program for those who intend to learn techniques and skills for the design and implementation of all strategic planning systems. Usually designed to solve real-life problems, it teaches students the art of critical thinking to address any problem with a fresh and curious mind.
Depending on individual preferences and qualifications, students can study the sub-discipline of Strategic Management under various accreditations such as:
Bachelor of Arts (BA) in Business Management
Bachelor of Arts (BA) in Strategic Communications
Bachelor of Science (B.Sc.) in Human Resource Management
Bachelor of Science (B.Sc.) in Operations Management
Bachelor of Business Administration (BBA)
Undergraduate Diploma / Certificate (UGDip / UGCert) in Strategic Management
Master of Science (M.Sc.) in Strategic Business Management
Master of Science (M.Sc.) in Strategic Marketing
Master of Science (M.Sc.) in Strategic Human Resource Management
Master of Business Administration (MBA)
Master in Management (MiM)
Postgraduate Diploma / Certificate (PGDip / PGCert) in Strategic Management
Doctor of Philosophy (Ph.D.)
By deliberately choosing an area of specialisation, students master concepts that will be most relevant in their chosen career path. Many who want to be at the forefront of an organization's day-to-day operations and lay the groundwork for long-term development should consider pursuing a specialization.
Strategic Management specialisations encompass a broad variety of subjects with an emphasis on internal and external strategic analysis, as well as company structure and organization.
Students can choose to specialize in areas like:
Administration and Strategy
Innovation, Strategy, and Entrepreneurship
International Management and Strategy
Strategic Business Management
Strategic Human Resources
Strategic Intelligence Studies
Strategic IT Management
Strategic Logistics and Product Distribution
Strategic Project Management
Strategic Public Relations
Strategic Quality Systems
Strategic Supply Chain Management
Strategic Sustainable Business
Strategy and Design
Strategy in Family Businesses
Strategic Business Management
Strategic Management is the perfect portal for a prosperous national or international career. Those with a degree in Strategic Management can find employment in almost all sectors of the business world, including both private and public sectors, making high-level decisions in a multitude of settings. It teaches students to address strategic management complexities and to confront the challenges of contemporary business worldwide.
- Besides being an organisational leader, it prepares the student for other roles like:
Corporate Service Manager
Project management Coordinator
Strategic Initiatives Associate
Consumer Insight Analyst
- Graduates with relevant strategic skills may also find work in fields like finance and insurance, professional, scientific, and technical services, public administration, mining, oil and gas extraction, corporations, manufacturing units, health care, and social services, accommodation, and food services and utilities.