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BAM 411 Business Policy & Strategy

HND2 levelManagement & Administration28 topics

BAM 411 covers 28 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Nature of business policy and strategy
  2. Strategic plan and strategic planning
  3. Types of strategies
  4. Strategy versus tactics
  5. Social responsibility
  6. Arguments for and against social responsibility
  7. Managerial social responsibility
  8. Areas of social responsibility
  9. Business environment
  10. Environmental change and organisational effects
  11. Forecasting environmental changes
  12. Forecasting in strategy formulation
  13. SWOT analysis
  14. Strategic advantage analysis
  15. Strategy formulation and components
  16. Personal values and strategy
  17. Business ethics
  18. Ethics versus morality
  19. Role of professional bodies in ethical practices
  20. Role of government in regulating unethical practices
  21. Nature of strategy and business policy
  22. Strategic planning
  23. Types of business strategies
  24. Social responsibility in business
  25. Business environment dynamics
  26. Environmental forecasting
  27. Strategy formulation
  28. Success factors in industry

A sample from this course

One topic, as StudyPath teaches it.

Nature of business policy and strategy

Business policy and strategy are the twin engines that guide an organisation’s long‑term direction and day‑to‑day decisions. Business policy sets the overall framework and constraints within which strategy is formulated, while strategy translates that framework into concrete actions to achieve competitive advantage.

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