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Strategic Actions, Strategic Goals: How to Master Corporate Strategy

Learn the best methods for foreign market entry strategies, corporate diversification and corporate international strategy.

Strategic Actions, Strategic Goals: How to Master Corporate Strategy
  • Duration

    2 weeks
  • Weekly study

    5 hours
  • 100% online

    Learn at your own paceHow it works
  • Included in an ExpertTrack

    Course 4 of 5
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Explore stakeholder analysis in a strategic and decision-making context

How can you make your business plan a reality? In this short course, you’ll have the opportunity to learn the fundamentals of how to strategise for the future.

Master your understanding of corporate strategy

Every business needs an action plan to bring it to life. This course will give you the chance to review everything you need to know to build a robust strategy – from traditional and emerging motivations for organisations to pursue international expansions, the identity benefits of an international strategy plan and exploring global markets and diversification.

Learn the fundamentals of international strategy

As you begin this course, you’ll learn the tools to allow you to identify opportunities in foreign markets. You’ll explore how to identify international opportunity and common strategies – from exports and licensing to joint ventures and direct investment.

Uncover foreign market entry strategies

You’ll be introduced to the basics of foreign market entry strategies. What can international markets offer a specific business? Is the business ready to go global – and what foreign markets should be considered for expansion first?

Syllabus

  • Week 1

    Strategic actions - international strategy

    • Welcome to the course

      Explore the traditional and emerging motives for firm to pursue international expansions, and to identify the major benefits of an international strategy.

    • Identifying international opportunity

      International strategy is a strategy through which the firm sells its goods or service outside its domestic market.

    • Foreign market entry modes

      A firm can enter international markets through exporting, licensing, forming alliance and establishing wholly owned subsidiaries.

    • Summary activities

      The aim of business-level strategy is to gain competitive advantage. The key of designing a good business-level strategy is that you should link your internal strength with external opportunities.

  • Week 2

    Strategic actions - corporate-level strategy

    • Welcome to Week 2

      This week, we are going to explain what is corporate-level strategy, and then discuss diversification, a very important form of corporate-level strategy.

    • Diversification as a corporate-level strategy

      Corporate-level strategy refers to actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.

    • Strategic actions – Diversification

      Explore different levels of diversification and understand the benefits and risks associated with this corporate-level strategy.

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Highlight the new, job-relevant skills you’ve gained and supplement existing qualifications with a hard-earned, industry-specific digital certificate – plus one for every course within your ExpertTrack.

  • Learn the latest in your chosen industry or subject.
  • Complete each course and pass assessments.
  • Receive certificates validated by the educating organisation.
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  • Make your career dreams a reality.

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Learning on this course

You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Discuss the nature and importance of stakeholder analysis
  • Explore modes for entering international markets

Who is the course for?

This ExpertTrack is designed for intermediate-level business managers and students to gain more knowledge about strategy and globalisation. This course will equip you with the concepts, framework and techniques needed for better environmental scanning.

Who developed the course?

Coventry University

Coventry secured gold in the UK Government’s 2017 Teaching Excellence Framework (TEF) and is University of the Year for Student Experience in The Times & The Sunday Times Good University Guide 2019.

  • Established

    1992
  • Location

    Coventry

About this ExpertTrack

Gain a sound working knowledge of business strategy, decision-making, business models and the pros and cons of strategic choices.

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps, but you can complete them as quickly or slowly as you like
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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After your free trial you can:

  • Pay $39 per month to keep learning online
  • Have complete control over your subscription; you can cancel any time
  • Work at your own pace and set your own deadlines at every stage
  • Only pay while you’re learning; the subscription will cancel automatically when you finish
  • Complete online assessments to test your knowledge and prove your skills
  • Earn digital course certificates and a final award that you can share online, with potential employers, and your professional network
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