Lesson Plan: Strategic Management

This Strategic Management lesson plan leveraging the 80/20 method, concentrates on the vital 20% of concepts that yield 80% of strategic insights. Each unit emphasizes key principles, ensuring a focused and efficient approach to strategic management education.

Lesson 1: Introduction to Strategy

Objective: Understand the fundamental concepts of strategic management.
Focus (80/20): Emphasize core principles that lay the foundation for strategic thinking.

Lesson 2: Industry Analysis and the Five Forces

Objective: Develop skills in analyzing industry dynamics.
Focus (80/20): Prioritize key factors influencing industry competitiveness.

Lesson 3: Strategy Formulation and the SWOT

Objective: Learn the art of strategic formulation and SWOT analysis.
Focus (80/20): Concentrate on critical elements shaping effective strategies.

Lesson 4: Strategy Formulation, the PEST, and Success Factors

Objective: Explore additional tools in strategy formulation.
Focus (80/20): Prioritize understanding of PEST analysis and success factors.

Lesson 5: Competitive Advantage

Objective: Understand the concept of competitive advantage.
Focus (80/20): Concentrate on strategies that create sustainable competitive advantage.

Lesson 6: Corporate Strategies

Objective: Analyze various corporate-level strategies.
Focus (80/20): Prioritize understanding of the most impactful corporate strategies.

Lesson 7: Innovation and Globalization

Objective: Explore the role of innovation and globalization in strategic management.
Focus (80/20): Concentrate on critical aspects influencing innovation and globalization.

Lesson 8: Ethics and Globalization

Objective: Understand the ethical dimensions of strategic management.
Focus (80/20): Prioritize ethical considerations in a global context.