This module seeks to highlight the differences and interactions between strategic management and financial management decisions. The module commences with an overview of the main components of strategic management vs. financial management process by comparing strategic analysis and financial analysis, and various strategic and financial management models. There will be a coherent analytical underpinning to the module which encourages analytical thinking in assessment of strategic options, choices and business performance by both strategic and financial analysis.
Key components of the module will also include: the analysis of the external and internal financial environment, comparison between strategic and financial objectives, strategic cost management and accounting for competitive advantage, strategic investment decisions, shareholder value and strategy, and strategic issues in implementing strategic and financial management. In addition, the students will learn how modern theoretical developments in strategy and finance are applied in real-world situations, by analysing mini case studies in each session.