Business Environment and Strategy

2025/2026

Academic Year

ENG

Instruction in English

Delivered at:

Department of Finance

Course type:

Compulsory course

When:

1 year, 1 module

Instructor

Nazarova, Varvara

Course Syllabus

Abstract

This course is aimed at developing students' knowledge about the essence and features of the strategy implementation process based on the study of modern research and international business practice.

Learning Objectives

• Identify and analyse the consequences of an organisation's current objectives, technology developments, market position and direction
• Use data to evaluate the likely consequences of strategic choices and recommend strategies to meet the objectives of an organisation
• Recommend appropriate methods of implementing strategies and demonstrate how data and information can be used subsequently to measure and monitor strategic performance.
• Analyse and identify the external environment and internal strategic capability of an entity; evaluate the consequences of strategic choices; recommend strategies to achieve stakeholder objectives, recommend appropriate methods of implementing strategies and monitoring strategic performance; manage business risks; and advise on corporate governance.
• Identify and advise upon appropriate finance requirements; evaluate financial risks facing a business and advise upon appropriate methods of measuring and managing those risks; provide valuations for businesses and securities; and advise upon investment and distribution decisions.
• Identify and explain ethical issues. Where ethical dilemmas arise, students will be able to recommend and justify and determine appropriate actions and ethical safeguards to mitigate threats.
• Interpret and apply corporate reporting information in evaluating business and financial performance; recognise and explain the corporate reporting consequences of business and financial decisions; apply corporate reporting information in appropriate models to determine asset, equity and entity valuations, demonstrating an understanding of the usefulness and limitations of accounting information in this context.

Expected Learning Outcomes

• Demonstrate understanding of the business context
• Recognise new and complex ideas within a scenario
• Identify the needs of customers and clients
• Explain different stakeholder perspectives and interests
• Identify risks within a scenario
• Identify elements of uncertainty within a scenario
• Identify ethical issues including public interest and sustainability issues within a scenario

Course Contents

• Topic 1: Fundamentals of Organization and the Business Environment
• Topic 2: Formulating Corporate Strategy
• Topic 3. Management, Sustainability, and Circular Economy
• Topic 4: Strategy Execution and Control
• Topic 5: Risk Management, Change, and the Future of Business

Assessment Elements

• Project
• Quantitative test
• Exam

Interim Assessment

• 2025/2026 1st module
  0.5 * Exam + 0.4 * Project + 0.1 * Quantitative test

Bibliography

Recommended Core Bibliography

• Kokubu, K., & Nagasaka, Y. (2020). Sustainability Management And Business Strategy In Asia. World Scientific.
• Research and Markets. (12 C.E., Summer 2019). Why People Must be a Critical Aspect of Digital Transformation, 2019 Report - Focus on How to Improve Customer Experience in your Business Strategy - ResearchAndMarkets.com. Business Wire (English).

Recommended Additional Bibliography

• Mike W Peng, Denis Y L Wang, & Yi Jiang. (2008). An institution-based view of international business strategy: a focus on emerging economies. Journal of International Business Studies, (5), 920. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.pal.jintbs.v39y2008i5p920.936
• Welford, R. (1999). Environmental Management and Business Strategy: Leadership Skills for the 21St Century. Eco-Management & Auditing (Wiley), 6(2), 98. https://doi.org/10.1002/(SICI)1099-0925(199906)6:2<98::AID-EMA98>3.0.CO;2-J

Authors

• SOLOVEVA EKATERINA EVGENEVNA