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About Study Course

Credit points / ECTS:2 / 3
Course supervisor:Inta Ostrovska
Study type:Full time
Course level:Master's
Target audience:Juridical Science
Language:Latvian
Branch of science:Management; Business Management

Objective

The course covers the nature organisational strategic management, strategic analysis, strategy formulation, introduction and supervision of a strategy, incl. vision, objectives, mission, analysis of external and internal environment, evaluation of competitive advantages and change management.
The objective of this course is to improve students’ knowledge and skills in decision making of company management for successful operations of the company in the long term: (1) to develop a clear understanding of the concepts, methods and principles of strategy formulation and competition analysis; (2) to provide a useful set of analytical skills, tools and techniques for strategic organisation analysis and management; (3) to create the capacity to work in teams.
Tasks:
1) To provide knowledge of the strategic analysis of an enterprise, strategy formulation, implementation and evaluation and the understanding of the identification of future development lines for organisations/enterprises and the assessment of the performance of enterprises.
2) To raise awareness of the impact of social, economic and political forces on the strategic planning of an organisation/business, opportunities and threats posed by the environment in relation to the activities of the organisation/enterprise, thereby forming the basis for the formulation and implementation of various strategies as well as for change management.
3) To teach to formulate the competitive advantages of an organisation/company, to synthesise a strategic management theory and concepts in order to determine the competitive advantages and the need for change.
4) To build knowledge of the use of proper and appropriate methods of strategic and change management, as well as the ability to independently use the strategic and change management theory, methods for solving problems.

Prerequisites

Foundations of management

Learning outcomes

Knowledge

• Understands the nature and importance of strategic management, knows stages of the strategic planning process.
• Is aware of and knows how to use the methods of strategic analysis of business.
• Demonstrates knowledge and understanding of strategic risks of an organisation, management organisation and methods

Skills

• Is able to formulate and analytically describe information, problems and solutions in the field of strategic management, explain and have a reasoned discussion on them.
• Analyses competitive advantages of the enterprise;
• Knows how to analyse the interconnection between management processes and activities, identifies problems.
• Formulates development goals of an organisation and is able to develop a development strategy for successful operation of an organisation and its implementation progress
• Knows how to individually or collectively formulate and assess actual risks of an organisation

Competence

• Is able to conduct an analysis of the organisation/enterprise environment, to independently assess their development strategies and take decisions on necessary changes.
• Is able to evaluate factors of the external and internal environment of an enterprise, to assess interactions between them;
• Is able to integrate strategic management knowledge to solve problems in a wider interdisciplinary context, integrating the obtained knowledge and alternative opinions on strategic management.
• Using the knowledge and skills acquired, will plan and forecast effective operation of an organisation in accordance with the requirements of the external environment

Study course planning

Planning period:Year 2024, Spring semester
Study programmeStudy semesterProgram levelStudy course categoryLecturersSchedule
Economic security, EDM 2Master’sRequired
Economic security, EDNM 2Master’sRequired
Planning period:Year 2024, Autumn semester
Study programmeStudy semesterProgram levelStudy course categoryLecturersSchedule
Economic security, EDMz 2Master’sRequired