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Learn strategic management with online courses and programs

Individuals who learn strategic management can build a robust skill set, allowing them to craft business strategies that drive organizational success. Expand your understanding of strategic management with online courses delivered through edX.

What is strategic management?

Strategic management involves formulating and implementing strategies to achieve organizational goals. This process encompasses numerous tasks. Strategic management professionals are responsible for analyzing data, monitoring industry trends, assessing their organization's performance, developing plans to gain a competitive advantage, and allocating resources efficiently. Additionally, they monitor key performance indicators, evaluate strategic initiatives' outcomes, and make necessary adjustments to stay on track with organizational goals.Footnote 1

Applicable to a range of industries, strategic management offers key benefits. For instance, in the healthcare industry, strategic management practices can help practitioners identify underserved patient populations through market research, develop strategies to improve patient outcomes and satisfaction, and allocate resources to secure new technologies that enhance efficiency and quality of care. 

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Strategic management course curriculum

Studying strategic management can look different for each learner. Some might get started with a beginner-level course that can focus on foundational subjects such as strategic management principles and concepts. Other topics covered may include market research, SWOT analysis, competitive advantages, and basic strategic decision-making processes.

Learners can delve deeper into the intricacies of strategic management with an intermediate strategic management course. They may learn advanced analytical techniques such as value chain analysis and scenario planning. Learners may gain insights into industry-specific strategic approaches by exploring case studies from various sectors. Relevant technologies used throughout the course could include advanced data analysis and market research tools, as well as strategic planning software.

With advanced courses, learners may have the opportunity to specialize in areas like healthcare, finance, or technology. These courses typically focus on complex concepts such as corporate governance, strategic leadership, mergers and acquisitions, global strategy, and agile project management. They may also examine cutting-edge technologies and trends shaping strategic management, such as artificial intelligence, business intelligence, blockchain, big data, and sustainability. These types of courses often include simulations and projects to provide practical applications of strategic management concepts.

Aspiring management professionals can discover tailored learning opportunities through edX. A bachelor’s degree program in business administration or a related subject can establish a foundation for careers in management. Master’s degree programs offer a more comprehensive exploration of a field. Alternatively, executive education courses designed for busy professionals, as well as accelerated boot camps provide shorter but focused learning experiences to quickly enhance a professional’s skill set.

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Explore strategic management jobs

While strategic management careers span various fields, they have some commonalities. Professionals are trained to share insights with internal stakeholders, such as executives and department heads, to ensure strategy alignment and successful execution and implementation of that strategy. They may also collaborate with external stakeholders. To learn about specific responsibilities, explore these examples of strategic management jobs:

  • Strategic analyst: Performs extensive data analyses, market research, and competitive intelligence to identify trends, opportunities, and threats. They provide recommendations based on their analyses to support strategic decision-making and assist in formulating effective strategies.Footnote 2

  • Strategic planner: Responsible for developing and implementing strategic plans. They work closely with key stakeholders to define goals and assess the internal and external environment. From there, they create detailed action plans, allocate resources, and monitor progress to ensure successful execution of the strategy.Footnote 3

  • Strategic project manager: Oversees the execution of strategic initiatives and projects. They develop project plans, define objectives, allocate resources, and manage project teams. A crucial aspect of their role is monitoring progress to ensure alignment with the overall strategy and making necessary adjustments along the way.Footnote 4

  • Strategy consultant: Provides expert advice to organizations on strategic matters. Relying on insights from industry research, they work with clients to understand their goals, assess their competitive landscape, and develop tailored strategies that drive growth, increase efficiency, and improve overall performance.Footnote 5

  • Strategic marketing manager: Develops and executes marketing strategies that align with the overall goals of the organization. They conduct market analyses, identify target audiences, and define positioning and messaging strategies. Other key responsibilities include overseeing marketing campaigns, monitoring performance metrics, and making data-driven adjustments to optimize marketing efforts.Footnote 6

  • Business development manager: Focuses on identifying and pursuing growth opportunities for the organization. They conduct market research, analyze market trends, and evaluate potential partnerships or acquisitions. Then, they develop strategies to expand the customer base, enter new markets, or introduce new products and services.Footnote 7

  • Innovation manager: Drives the development and implementation of innovative strategies within organizations. They identify new market opportunities, foster a culture of innovation, and manage the innovation process from idea generation to commercialization. Day to day, they collaborate with cross-functional teams, facilitate brainstorming sessions, and leverage emerging technologies and trends to foster innovation.Footnote 8

Strategic management isn't just relevant in business; it affects everyday life too. From personal finances to career planning, strategic management principles can guide individuals in making informed choices and maximizing their chances of success by considering potential outcomes.

Enhance your strategic management skills with online courses delivered through edX.

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