Strategic Management
Many Babson students intend to lead a business, a functional area, or become an influential consultant or analyst. These careers require an integrated understanding of business, corporate, and global strategy formulation and implementation.
Strategic Management constitutes the processes by which a company, large or small, domestic or international, single or multibusiness determines its long-run direction and performance by ensuring careful formulation, effective and efficient implementation, and continuous monitoring of results.
The Strategic Management Concentration requires two core courses to give students an in-depth understanding of the various dimensions of Strategic Management: industry and competitor analysis, corporate strategy, multinational strategy, and strategy implementation. By offering a diverse menu of courses in other disciplines (up to two may be taken,) the concentration enables students to develop valuable capabilities for one of four career directions:
- (1) Strategy Consulting or Strategic Planning
- (2) Information Technology Management, Human Resources, or Marketing Consulting
- (3) Equity Analysis or Investment Management or
- (4) Management of a functional area (Finance, Marketing, Information Technology, or Human Resources). Completing a second concentration in another discipline is encouraged and one course may be double counted to both concentrations.
Sponsored by: The Management Division
Faculty Contact: Michael Cummings
Faculty contacts serve as advisers to those students who have an interest in the given concentration. You should feel free to contact these faculty with questions.
Required Courses
Four courses are required for the concentration of which: two must be selected from the (a) list and two more are selected from a (b) list of several courses from many disciplines and may include a third Strategic Management required course.
A) Two Required Courses from:
- MOB 3527 Solving Big Problems, 4 credits
- MOB 3521 Israel Start-Up Strategy credits
- MOB 3535 Strategy Execution (About Implementing Strategy) 4 credits
- MOB 3560 Global Strategic Management (About Strategy in Global Enterprises) 4 credits
- MOB 4510 Strategic Decision Making (About Advanced Industry and Competitor Analysis and Corporate Strategy): 4 credits
- MOB 4572 Management Consulting 4 credits
AND
B) Courses from which students must choose any minimum distribution of two. *Students completing two concentrations can double count one of these courses for both concentrations. Some of these courses have prerequisites within the applicable division that must be completed.
Strategic Management
- MOB 4510 Strategic Decision Making (if not chosen above)
- MOB 3560 Global Strategic Management (If not chosen above)
- MOB 3535 Strategy Execution (If not chosen above)
- MOB 3582 Global Communications
- MOB 4572 Management Consulting (if not chosen above)
- ECN 3667 Strategic Game Theory
For those interested in Strategy Consulting, Strategic Planning, or dual concentrators in Finance
Corporate Finance Career Path courses:
- FIN 3515 Corporate Financial Management
- FIN 4540 Corporate Financial Strategy Investments or Equity Analysis Career Path courses:
- FIN 3520 Securities Valuation
- FIN 4530 Investments Accounting
For those interested in Strategic Planning and Control or a dual concentration with Accounting
- ACC 3502 Intermediate Accounting: Finance
- ACC 3510 Financial Planning and Cost Control
- ACC 4510 Management Planning and Control Information Technology Management
For those interested in Information Technology Consulting and Management or a dual concentration with Information Technology Management
- MIS 3660 Prototyping
- MIS 3540 Managing with Information Technology
- MIS 3690 Web Technologies
- MIS 3640 Problem Solving & Software Design Economics
For those interested in Strategy Consulting or a dual concentration with Economics
- ECN 3666 Economics of Competitive Strategy
- ECN 3630 Industrial Organization & Public Policy
- ECN 3620 Econometrics
- ECN 3655 Managerial Economics Entrepreneurship
For those interested in working entrepreneurially or a dual concentration with Entrepreneurship
- EPS 3511 Financing Entrepreneurial Ventures and the Business Plan
- EPS 3501, 3502, or 3503 Entrepreneurship and New Ventures
- EPS 4510 Franchising, Licensing, and Distributorships No more than one of the following for students interested in careers in these business contexts:
- EPS 3515 Key to Success Family Business Enterprises
- EPS 3550 Corporate Entrepreneurship
- EPS 3520 Managing a Growing Business Marketing
For those interested in a dual concentration with Marketing for Marketing Consulting, Market Research, or Marketing Management
- MKT 3510 Marketing Research
- MKT 4515 Brand Management
- MKT 4560 Global Marketing Management
- MKT 3560 Developing and Marketing New Products
For those interested in Human Resources Consulting or in General Management (no dual concentration is available)
- MOB 3580 Negotiations
- MOB 3582 Global Communications
- MOB 3512 Leadership
- MOB 3515 Human Resource Management
Other course of direct relevance to Strategic Management Concentrators:
- MOB 3580 Service Strategy and Innovation, for students interested in careers in service industries
Additionally, we highly recommend that students pursue a second concentration in one of the following areas depending on their career interests: Finance, Information Technology Management, Marketing, or Economics. Dual Concentrators, students taking a second concentration with the Strategic Management Concentration, can double count one course toward both concentrations. Along these lines of dual concentrations, the Strategic Management Concentration is designed to prepare students for a number of careers. The table below lists the possible career paths, the recommended dual concentrations, possible (b) section required courses, and indicates examples of possible employers within the career path.