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Strategic Management and Planning

505221 - Strategic Management and Planning
Faculty

Faculty of Business

Department

Risk Management

Credit Hours

3

Pre-requisite

0502101

Co-requisite

-

Distribution

0 + 3
This module is concerned with the development of strategic vision, corporate objectives, formulating and implementing strategies and introducing corrective measures if an organization is found vulnerable against various types of risk. The planning aspect of the course focuses on the strategic dimension of management which aims at preventing potential adverse consequences the organization is likely to face in future, typically within the horizon of the coming five years. This satisfies the requirements of the field of Strategic Risk Management which is considered an inseparable part of the overall Risk Management Process. Additional contemporary topics are also discussed including Strategic Thinking which also underpins the strategic dimension of the course.