CORPORATE STRATEGY AND BUSINESS EVALUATION
The course is designed to introduce students to the strategic management and business valuation. The emphasis is on the way in which organizations attempt to create and sustain such competitive advantage.
Knowledge and understanding: the student must demonstrate knowledge and understanding of the strategic analysis model and tools; the student must demonstrate knowledge and understanding of business valuation methods
Ability to apply knowledge and understanding: the student must demonstrate the ability to use strategic analysis model and tools and valuation methods
Autonomy of judgement: the student should be able to assess independently the results coming from strategic analysis and business valuation
Communication skills: the student should be able to draw up a report strategic analysis and business valuations
Learning skills: students must be able to update and deepen topics about strategic analysis and business valuation
The firm's success. The corporate strategies. The competitive environment. The business strategies. The portfolio strategy. The financial strategy. The resources strategy. The boundaries strategy. The operations strategy. The strategic change. The change management. The communication of strategy. Strategic analysis tools. The value creation. The Net Present valuations. The accounting based valuations. The mix valuations. The relative valuations. Case studies.
The course is intended to provide the students with a pragmatic approach that will guide, also by case studies, the formulation, the implementation and the strategy and business valuation.
THOMPSON, A. J. STRICKLAND, J. E. GAMBLE, Crafting and Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases. McGraw-Hill, Last edition. http://highered.mheducation.com/sites/0073530425/student_view0/index.html
T. Koller, M. Goedhart , David Wessels Valuation: Measuring and Managing the Value of Companies, 5th Edition, John Wiley & Sons, New Jersey, 2010
The assessment of expected learning outcomes will take place in several ways and at different times. Specifically, learning outcomes will be verified in itinere through training tests based on: Tests aimed at knowledge assessment; Case studies, aimed at skills assessment. At the end of the course the expected learning outcomes will be verified by an oral exam. Depending on the number of enrolled students, the module coordinator should provide a preliminary written test consisting of questions and exercises. The successful written test will allow students to have access to the oral exam.