MANAGEMENT
Instructional goals
The aim of the course is to provide the conceptual tools for strategic business management and the opportunity to simulate the use of these tools in corporate decision-making.
Intended learning outcomes
Upon completion of the course, students will have developed the following knowledge and skills:
Knowledge and understanding:
Ability to read and interpret how a business organization operates and how it interacts with the external environment;
Understanding and knowledge of the tools used for analyzing and formulating business strategy in various competitive and market contexts;
Ability to assess a company’s competitive position and use tools to enhance it;
Ability to formulate strategic decisions related to the main business functions.
Applying knowledge and understanding:
Ability to apply the concepts taught during the course to the various dimensions of business problems and to apply theoretical models to real-world business cases and situations;
Ability to apply acquired knowledge by using analytical tools and strategic planning methods in diverse competitive and market contexts;
Ability to diagnose and solve strategic issues in different competitive environments;
Analytical skills that enable the breakdown of complex problems in order to manage solutions effectively in specific applications.
Making judgements:
Based on the acquired knowledge and the use of learned methodological tools, students will be able to evaluate a company’s competitive position and identify economic and strategic levers to improve its performance.
Communication skills:
Communication and interpretative skills, as well as the ability to process and synthesize data related to the topics covered;
Mastery of appropriate business and economic terminology to explain, interpret, and communicate economic and strategic decisions.
Learning skills:
By the end of the course, students will have developed the knowledge required to interpret and understand the evolution of the competitive environment and the resulting transformation of business strategic choices;
They will be able to clearly represent strategic choices across different functional areas: marketing, organization, and finance, as well as production management, design, and innovation management.
They will therefore be able to provide a clear representation of strategic choices across the various functional areas: marketing, organization, and finance, as well as in production management, business design, and innovation management.
Course Contents
The Firm as a System and Its Relationship with the Environment
Environmental conditions and business performance
Relevant PESTLE conditions for the firm
Analysis of the competitive environment
The concept of strategic grouping
The “Sustainable” Approach to Business Management
Conceptual foundations of sustainable management
The rationale behind sustainable management
Strategic challenges in sustainable management
Introduction to “circular” management
The Business Model
Theoretical principles
The business model canvas
The “circular” business model
The Firm as a Set of Resources
Key resources and competencies
The resource-based view of strategy
Competitive Strategies
Competitive advantage
Competitive strategy frameworks
Strategic Planning
Corporate-level planning
Business-level planning
Functional-level planning
Strategic Management of Business Functions
Operations management
Innovation management
Organization and human capital management
Marketing and sales management
Finance and value creation
Reference Books
Caroli, "Economia e Gestione sostenibile delle Imprese", McGrawHill.
Case studies and papers from Harvard Business Review and Ivey Publishing, which students will be required to purchase individually.
Case studies from Luiss Business School and McKinsey, which will be available for students to download free of charge.
Additional teaching materials provided by the instructor.
Teaching Methods
The lessons will include a mix of theory and case studies that will illustrate the main concepts discussed in class. The sessions will follow the structure and progression of the topics presented in the textbook.
The theoretical lessons aim to provide students with the tools necessary to acquire the knowledge and skills required to understand the business context and the main instruments available to management.
Case discussions and assignments, on the other hand, are designed to develop students' ability to independently apply this knowledge in order to build sound judgment for solving real-world business management issues.
The course also includes practical seminars featuring guest speakers from companies who will share their knowledge and insights on business management practices.
Assessment Method
During the course, students will be required to complete the following assessments:
An individual in-class assignment, which will account for 30% of the final grade;
A written exam lasting approximately 60 minutes, accounting for 70% of the final grade, consisting of open-ended questions based on the course content.
Class participation will be taken into consideration for the assignment of bonus points, up to a maximum of 3 points.
Non-attending students will take a written exam lasting approximately 120 minutes, which will represent 100% of the final grade.
Anti-plagiarism software will be used for both types of assessments.
Thesis assignment criteria
Having obtained a grade of at least 27 in the exam; presentation of a valid research project.
Week 1
Lesson 1: Course Introduction – The Firm as a Complex System
Lesson 2: The Firm within the Relevant and Competitive Environment
Week 2
Lesson 3: Analysis of the Relevant and Competitive Environment
Lesson 4: Sustainable Business Management
Lesson 5: Sustainable Business Management – Part II
Week 3
Lesson 6: Discussion on the Paper “Getting Strategic About Sustainability” – HBR, Product # R2501C
Lesson 7: In-Class Discussion on Key Issues in Sustainable Business Management
Lesson 8: Core Components of the Business Model
Week 4
Lesson 9: Case Discussion: “The RealReal: Luxury Retail Platforms and the Battle for a Profitable Business Model” – HBR, Product # TB0730
Lesson 10: Business Resources and Capabilities
Lesson 11: Competitive Strategies
Week 5
Lesson 12: Discussion on the Paper “Competitive Strategy” – HBR, Product # I00052
Lesson 13: Continuation of the Discussion on the Previous Day’s Paper
Lesson 14: Collaborative Strategies
Week 6
Lesson 15: Discussion on the Paper “Strategic Alliances: An Option to Enable Corporate Growth” – Ivey Publishing, Product # SMN-0711-E
Lesson 16: Continuation of the Discussion on the Previous Day’s Paper
Lesson 17: Growth Strategies
Week 7
Lesson 18: Strategic Planning
Lesson 19: Structure and Functions of the Business Plan and Industrial Plan
Lesson 20: First Practical Seminar
Week 8
Lesson 21: Business Plan Discussion
Lesson 22: Strategic Marketing Management
Lesson 23: Second Practical Seminar
Week 9
Lesson 24: Case Discussion: “Repositioning Strategies: The Case of Sandoz Italia in Branded Generics” – M. Caroli, Luiss University Press
Lesson 25: Discussion on the Paper: “Harnessing Revenue Growth Management for Sustainable Success” – McKinsey & Company, December 2024
Lesson 26: Introduction to the Assessment Exercise (30% of Final Grade)
Week 10
Lesson 27: Guest Lecture (Speaker TBD)
Lesson 28: Assessment Exercise
Lesson 29: In-Class Discussion of Assessment Exercise Solutions
Week 11
Lesson 30: Innovation Management
Lesson 31: Human Capital Management
Lesson 32: Enterprise Risk Management
Week 12
Lesson 33: Risk Management – Reading and Discussion of the Paper “Managing Risk: A New Framework” – HBR, Product # R1206B
Lesson 34: Managing Large-Scale Projects
Lesson 35: The Strategic Importance of Financial Management and Course Conclusions & Takeaways
Please note that the dates indicated above are subject to change during the course.