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Abstract

At the end of a module in strategic management, we encourage professors to dedicate a session to closing the course. We have identified and listed 100 words, concepts, and tools that are widely used in the field. Students can position these concepts in an empty framework. We suggest an original tool: the four-by-four strategic thinking process framework. This framework is organised into four major iterative stages: external analysis (1), internal analysis (2), from SWOT to intended strategy (3) and from options to implementation (4). These four major stages are iterative, meaning that strategic thinking should not stop after running the process once. This note provides the list of 100 words, concepts, and tools together with the empty and completed frameworks to use in conducting the workshop. The purpose of this note is to help graduate students attending a course in strategic management. Case studies are widely used, and students often lack a method to conduct a thorough case study analysis. This framework has been tested with graduate students, including executive MBA students. When they are able to step back from the course and have more structure in their work, students hand in significantly better assignments and perform better on exams.

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Abstract

At the end of a module in strategic management, we encourage professors to dedicate a session to closing the course. We have identified and listed 100 words, concepts, and tools that are widely used in the field. Students can position these concepts in an empty framework. We suggest an original tool: the four-by-four strategic thinking process framework. This framework is organised into four major iterative stages: external analysis (1), internal analysis (2), from SWOT to intended strategy (3) and from options to implementation (4). These four major stages are iterative, meaning that strategic thinking should not stop after running the process once. This note provides the list of 100 words, concepts, and tools together with the empty and completed frameworks to use in conducting the workshop. The purpose of this note is to help graduate students attending a course in strategic management. Case studies are widely used, and students often lack a method to conduct a thorough case study analysis. This framework has been tested with graduate students, including executive MBA students. When they are able to step back from the course and have more structure in their work, students hand in significantly better assignments and perform better on exams.

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