Strategic Management Dr. Kumail Rizvi Linking top to bottom through vision and mission Synergizing with QEC

How to Initiate 1. Identify the purpose 2. Identify the Outcomes 3. Measurements and evaluation design 4. Data collection 5. Analysis and evaluation 6. Decision-making regarding actions to be taken.

Targets Vision and Mission Statement of University Mission Statement of Business School Objectives based on Mission Statement Outcomes (expected) based on Mission Statement Analysis Survey: Faculty Alumni Employers Graduating Class And Lot of Administrative Data & Assessment

Mission Statement of the Program  Master in Business Administration (MBA) with major in Finance & Banking   The mission of the MBA with major in Finance & Banking program is to develop the student body with the management competencies and leadership potential that is required to thrive in the competitive global business environment.

Program Objectives To enable the graduates in developing strong knowledge based foundations which would help them in thinking critically about business problems, analyze them and to come up with the optimal solution within the constraints. To nourish their communication and negotiation skills which are important to implement different tactical and strategic decisions. To develop and nurture the leadership potential among students and to make them realize the importance of team work and collaborative environment in achieving time constrained goals.

To make them aware about their responsibilities and duties as a manager and leader within the universally acceptable ethical and social frameworks. To encourage them to take entrepreneurial initiatives by providing them opportunities to analyze and tackle with uncertain business situations and to take appropriate actions along with an opportunity to see the outcome of alternative decisions.

Program Outcomes (Traits) Students should have a good working knowledge of finance, banking and accounting. Students must be familiar with project evaluation techniques and criteria Students must be proficient in using Excel for financial modelling, scenario building and analyzing calculations. Students must have the problem identification, analyzing and solving skills Students must know when and how marketing research can and should be used i.e. what research alternatives exist, and how they could recognize effective and ineffective research. Students must develop the skills that help them identifying and managing strategic marketing opportunities in a competitive environment The students must be able to make strategic decisions and justify these decisions through oral and written communication

Students should ensure that they have a solid foundation of the fundamental marketing decision-making tools and management of all of the elements of the marketing plan. Students must be familiar with the research concepts i.e. how to search for knowledge, or conduct any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method. They must also be able to discover, interpret, and develop the methods and systems for the advancement of human knowledge on a wide variety of scientific matters of our world. Students should be able to express leadership skills by using independent thinking, motivating and support other members of team to achieve given task. They must be able to exhibit high degree of ethical and professional values. Students should be able to think out of the box to cope up with uncertain business environment and to convert it into opportunities for value creation.

Matching Objectives with Outcomes Program Objectives Program Outcomes Ability to apply business knowledge to real world situations Ability to identify, formulate and solve practical problems Ability to communicate effectively strategic decisions in written and Oral forms Ability to work effectively in teams and provide support others Understanding of the professional and ethical responsibilities Sound Knowledge of business subjects xx x Excellent communication and Negotiation skills Leadership and Team Work Professionalism and Work Ethics Xx Entrepreneurship and Futuristic Vision

Linking Courses with Objectives Courses/Groups of Courses Objectives Sound Knowledge of business subjects Leadership, Human Resource Management and Team Work Excellent communication and Negotiation skills Professionalism and Work Ethics Entrepreneurship, Business Policy Making and Futuristic Vision Mathematics/Statistics, Financial Accounting, Corporate Finance x   Marketing Management, HRM X Business Policy, Marketing Strategy, Financial systems Entrepreneurship and SME Management, Mgmt. Policy and Practice Research Project and Internship

Feedback Loop Objective How measured When measured Improvement identified Improvement made 1.Sound Knowledge of business subjects Survey of alumni/employers/gradu ating class Ongoing activity from Jan 2014 to March 2014 Need for new courses identified e.g. increased focus on Business Computing skills in all courses More stress on Accounting Standards is required Courses have been modified to incorporate business computing applications The FSA course is now focused more on IFRS and US GAAP   2.Excellent communication and Negotiation skills Market places high premium on written and oral skills Report writing Presentations 3.Leadership and Team Work Greater focus on case studies with its inbuilt reliance on team work Increased use of cases in Strategic Management and Leadership and OB. Workshop conducted to train faculty to effectively teach case studies 4.Professionalism and Work Ethics Greater emphasis on interaction between industry representatives and students Various guest speakers from the industry are invited to share their experiences. Job fair. 5.Entrepreneurship and Futuristic Vision Survey of alumni/employers/grad uating class Internship should be introduced to give students flavor of real time challenging working environment Faculty is planning to incorporate internship programs with reputable organizations

Problems and Difficulties No Clear direction No Proper Secretarial Support (Adhocism cant work!) Never Ending Loops Dean Mr. XYZ Mr. PQR Let me Talk to the DEAN! Mr. MNO

Solution C0mprehensive and efficient System Information Data Bank/ Information Office Mandate of PT/Committee Should be Communicated properly Institutional Ownership