To make it short, this is the best course I've had at EBS so far and I enjoyed every second which I spent in classes!!!
We had a great group of people and it didn't make a difference if we were in the groups or in classes we always had sophisticated discussions about the topic. The Professor was great and did a very good job to bring us close to the topic. We had dinner together with a few of our group every night and then a few drinks :)
The subject is really great, it was one of the most interesting books I've read so far and I got many useful ideas I wanna apply in my future career.
By the way, this is the "Strategic Focus Wheel", developed by the Professor which was teaching us Making Strategies Work and parts of Strategic Planning.
Copyright © Alexander Roberts 2001. Used with permission.
Little explanation what each stone means:
· Strategic Planning is required to identify the most appropriate future state for a firm, which will create sustainable competitive advantage through choosing a strategy that can be implemented by the firm.
· Project Management is an ideal tool to manage and control defined packets of change, whether or not they fit with existing organisational processes and structures.
· Strategic Risk Management is a set of principles and techniques that can be used to identify and test the probabilities and impacts of outcomes not intended by planning and change efforts and to manage and control these risks throughout the other elements of the model.
· Making Strategies Work is required to connect Strategic Planning with Project Management. It defines which projects are the right ones to initiate, and provides an overall framework to align these projects with strategic objectives and control a multi-faceted change effort.
Oh and by the way, these are the descriptions of the other subjects I've done:
· Economics is about the economic influences at three levels. At the highest level it is necessary to have some understanding of how the economy operates. The next level concerns how markets operate and how prices are determined. The third level concerns ideas about efficiency, primarily based on marginal analysis.
· Organisational Behaviour is one of the top requirements of any manager. Organisations are run by people and every manager has to have an understanding of what motivates and influences people, be able to design appropriate reward systems and job designs and how to manage organisational change.
· Marketing is the complex process of relating product characteristics to market demand and attempting to win competitive advantage in a dynamic competitive setting.
· Accounting is a series of processes and techniques used to identify, measure and communicate econimc information of the company which users find helpful in decision making. (corporate reports, NPV calculation)
· Finance is required to understand the financial markets and takes all available information on projected future cash flows and subjects them to rigorous evaluation.
