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Strategic management is concerned with strategic choices for competitive advantage and their implementation from a total organisational perspective. While there is a focus on the business enterprise, the core concepts apply to non-for-profit and government organisations. The subject analyses the decisions and actions involved in formulating organisation-wide strategies and in managing an organisation’s operations in a way that effectively implements these strategies in an uncertain and turbulent external environment. Bridging all aspects of the organisation, including its people, finances, production methods, organisation structure and organisational culture, strategic management is both a complex and often ambiguous process. The focus of the subject is why firms are different and why it matters. This subject provides students with a working model of the strategic management process, and develop students’ abilities to think strategically about an organization, including its position in the market place and how to gain and sustain a competitive advantage. Key concepts include structure-conduct-performance, capabilities and dyanamic capabilities, resource-based views of the firm and institutional perspectives on firm growth. The subject will build students’ skills in conducting strategic analysis in different industries and different competitive situations, and improve students’ abilities to manage the organizational processes by which strategies formulated and implemented. In completing TMGT601, each student will be required to complete the Graduate Skills Development Module “Critical Discussion Skills”.