ACTUARIAL SCIENCE (TURKISH, NON-THESIS)
Master TR-NQF-HE: Level 7 QF-EHEA: Second Cycle EQF-LLL: Level 7

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ISL5103 Strategic Management Fall
Spring
3 0 3 8
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: Tr
Type of course: Departmental Elective
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi TUĞCAN DEMİR
Course Lecturer(s): Dr. İBRAHİM AYHAN TON
Prof. Dr. CANAN ÇETİN
Dr. Öğr. Üyesi LEVENT AKSOY
Prof. Dr. ŞEBNEM ARIKBOĞA
Dr. Öğr. Üyesi EBRU BEYZA BAYARÇELİK
Dr. Öğr. Üyesi MEHMET DEĞİRMENCİ
Dr. ATİLLA YELBOĞA
Assoc. Prof. MERVE KOÇOĞLU
Assoc. Prof. HAKKI AKTAŞ
Course Objectives: Over the years, the field of strategic management has had a major influence on corporate behavior. Terms such as cash cow, sustainable competitive advantage and core competence are frequently raised in day-to-day business conversations. In fact, the ability to apply strategic analysis to practical business problems has become a valuable skill in many occupations, including management consultancy, stock broking, merchant banking and corporate finance. The aim of this course is to give you the tools needed to analyze situations and think strategically.

Learning Outputs

The students who have succeeded in this course;
The students who succeeded in this course;
I. Examines how organizations (both for-profit companies and not-for profit agencies) gain sustainable competitive advantages systematically and consistently.
II. Integrates knowledge and skills gained from your studies in the functional areas of business (e.g., marketing, organizational behavior, finance, accounting, etc.).
III. Applies a general management point of view – decisions and strategies will be analyzed in light of the total enterprise.
IV. Gives the tools needed to analyze situations and think strategically.
V. Explains the elements of the strategic management process.
VI. Analyzes industry structure and environmental trends to assess industry potential.

Course Content

This course analyses in detail the elements of Strategic Management with covering integrated business strategies. Course aims to make ability of thinking, taking desicion strategicly.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction to Strategic Management
2) Basic concepts and elements of Strategic Management
3) Developing a strategic vision, setting objectives and crafting a strategy
4) Environmental scanning: Analyzing the macro-environment.
5) Environmental scanning: Analyzing the competitive environment
6) Internal scanning: Organizational analysis.
7) Strategy formulation: Situational analysis (SWOT).
8) Midterm
9) Generating alternative strategies using a SWOT matrix.
10) International entry, stability and retrenchment strategies.
11) Portfolio analysis.
12) Corporation Structure and System
13) Strategical Assetment and Control
14) Overview

Sources

Course Notes: Optional Texts: İşletmelerde Stratejik Yönetim (2004), Hayri Ülgen and S. Kadri Mirze, Literatür Yayıncılık, İstanbul. Stratejik Yönetim ve İşletme Politikası (2003, 6. Baskı), Ömer Dinçer, Beta Yayıncılık.
References: Required Texts: Crafting & Executing Strategy: The Quest for Competitive Advantage (2010, 17th edition) by Arthur A. Thompson, J. E. Gamble and A. J. Strictland, McGraw-Hill. Strategic Management and Business Policy (2008, 11th edition) by Thomas L. Wheelen and J. David Hunger, Prentice Hall. Current issues of Financial Times, Fortune, Bloomberg Business Week, The Economist, Harvard Business Review, Business Strategy Review and those of local business magazines Infomag, ActiveFinans, and Capital, as well as the business section of daily local newspapers.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 10
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 0
Presentation % 0
Project 1 % 20
Seminar % 0
Midterms 1 % 30
Preliminary Jury % 0
Final 1 % 40
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 42
Laboratory
Application 14 96
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class 13 54
Presentations / Seminar
Project
Homework Assignments
Quizzes
Preliminary Jury
Midterms 1 6
Paper Submission
Jury
Final 1 2
Total Workload 200

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Acquire the quantitative skills to become an actuary.
2) Will know about risks and ways to manage risk.
3) Will know about financial planning and its role in actuarial management.
4) Will be able to design new products and carry profitability tests and scenario analyses.
5) Besides gaining competence in theoretical subjects, the graduate will also be aware of practical issues and applications through lecturers and instructors who have market experience.
6) Will be able to follow all innovations and carry on research on the particular area.
7) Will share information with colleagues and will use it for project development..
8) Will be able to apply and make the necessary adaptation to all new rules and regulations.