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Twin Cities Campus

Strategic Management Minor

CSOM Strategic Mgmt & Entrepre
Curtis L. Carlson School of Management
  • Program Type: Undergraduate free-standing minor
  • Requirements for this program are current for Fall 2022
  • Required credits in this minor: 15
Strategic management involves decisions about the set of goal-directed, coordinated commitments, and actions that a firm undertakes to gain and sustain superior performance relative to competitors. It includes diagnosing the competitive challenges facing a firm, formulating strategies (including corporate, business, international, etc) to address the competitive challenges, and devising a coherent set of actions to implement a firm’s strategy. Knowledge of strategic management complements students’ mastery of particular functional or operational areas, and allows Carlson graduates to understand how their functional roles and activities in a firm relate to the firm’s overall strategic objectives. The Strategic Management minor will thus enhance students’ value to their organizations.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
This minor is only available to students who are pursuing a BSB degree from the Carlson School of Management.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Business Strategy
MGMT 3004 - Strategic Management (3.0 cr)
Minor Requirements
Strategic Management minor requirements
MGMT 4031 - Industry Analysis in a Global Context (2.0 cr)
MGMT 4032 - Corporate Strategy (2.0 cr)
Elective Courses
Take 2 or more course(s) totaling 4 or more credit(s) from the following:
· MGMT 4033 - Strategy Implementation (2.0 cr)
· MGMT 4034 - Technology Strategy (2.0 cr)
· MGMT 4035 - Mergers & Acquisitions Strategy (2.0 cr)
· MGMT 4055 - Managing Innovation and Change In Action (2.0 cr)
Additional Electives
Students should choose 4 additional credits from the list below or from the elective list above.
Take 4 or more credit(s) from the following:
· BA 4503 - Carlson Ventures Enterprise (2.0-4.0 cr)
· BA 4504 - Carlson Consulting Enterprise (1.0-4.0 cr)
· FINA 4221 - Principles of Corporate Finance (2.0 cr)
· FINA 4242W - Corporate Investment Decisions [WI] (4.0 cr)
· IDSC 3511 - Pitching Business Strategy (2.0 cr)
· IDSC 4444 - Descriptive and Predictive Analytics (2.0 cr)
· IDSC 4455 - Web 2.0: The Business of Social Media (2.0 cr)
· MGMT 3015 - Introduction to Entrepreneurship (4.0 cr)
· MGMT 3045 - Understanding the International Environment of Firms: International Business (2.0 cr)
· MGMT 4044 - Negotiation Strategies (4.0 cr)
· MKTG 3011 - Marketing Research (4.0 cr)
· MKTG 4081W - Marketing Strategy [WI] (4.0 cr)
· MKTG 4082W - Brand Management [WI] (4.0 cr)
· SCO 3041 - Project Management (2.0 cr)
· SCO 3072 - Managing Technologies in the Supply Chain (2.0 cr)
· SCO 4065W - Supply Chain and Operations Strategy [WI] (4.0 cr)
 
More program views..
View college catalog(s):
· Curtis L. Carlson School of Management

View sample plan(s):
· Strategic Management Sample Plan

View checkpoint chart:
· Strategic Management Minor
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MGMT 3004 - Strategic Management
Credits: 3.0 [max 3.0]
Course Equivalencies: Mgmt 3004/Mgmt 4004W
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Business strategy. How business firms set and pursue their goals. Key categories of strategic issues and concepts/frameworks managers use to analyze and address those issues. Attention to specific firms and situations. prereq: CSOM, soph or jr
MGMT 4031 - Industry Analysis in a Global Context
Credits: 2.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course covers concepts and tools required to devise strategies that enable a global business to create superior value for customers and to capture a sufficient share of that value. It will offer perspectives on analyzing competitive situations and identifying and evaluating strategic options. In particular, it focuses on: - Applying fundamental concepts of strategic management--including strategy identification, the relationship of strategy and organization, industry analysis, competitor analysis, firm and industry evolution--coupled with economic theory and quantitative analysis to evaluate competitive strategies in a global context; - Developing an awareness of the impact of external environmental forces and of strategic actions by the firm and its rivals on business strategy. - Integrating knowledge gained in previous and concurrent core courses with a focus on understanding applying analytical concepts that are most useful to business analysts and managers. prereq: Mgmt 3004
MGMT 4032 - Corporate Strategy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course examines issues of corporate strategy, i.e., issues associated with creating and managing a firm that operates in multiple businesses. Some of the key questions we shall seek to address through this course are: ? What are the drivers of corporate scope? How should a firm choose the activities/businesses it participates in? ? What are the sources of value for a firm from being diversified across multiple businesses? ? What are the challenges associated with managing across multiple businesses and markets? ? How are these challenges best dealt with? What structures and processes enable successful corporate diversification over time? The learning objective of this course is to help you learn to identify and define successful corporate strategies and offer solutions for the common problems that diversified firms face. The course not only introduces you to core concepts around corporate strategy, but it also seeks to develop your ability to critically evaluate the strategies of multi-business firms, through the extensive use of case discussions. prereq: Mgmt 3004
MGMT 4033 - Strategy Implementation
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This course focuses on implementing and executing strategy at both the organizational and functional level. It will focus on the relationship between strategy formulation and execution, the systematic and structural problems with implementing strategy, and various methods to minimize these problems. The course is designed both as a standalone topic and to deepen the student?s understanding of the other strategic concepts covered in the strategy minor. prereq: Mgmt 3004 or 3001.
MGMT 4034 - Technology Strategy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This course addresses challenges and opportunities in the strategic management of technology and innovation. The course will equip students with the conceptual frameworks, tools, and language for analyzing and managing businesses in environments of technological change. We will examine how new technologies transform industries and create new markets, strategies for addressing technological change, and approaches for managers to shape and/or respond to new technologies. Because innovating or responding to new technologies often involves strategic and organizational change, we will also discuss how organizations change in response to new technologies. We will use a combination of readings, lectures, case discussions, and simulations. The final team project provides an opportunity to explore in-depth the technology strategy and innovation challenges of a particular organization. The class is heavily discussion-based, which means that all students must read the material and be prepared to contribute to the learning process. prereq: Mgmt 3004 or 3001
MGMT 4035 - Mergers & Acquisitions Strategy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This course focuses on the strategic use of mergers and acquisitions (M&A) as a means of new market entry and growth. It covers such questions as: when should one pursue an acquisition? What are the sources of value from an acquisition? What are the common challenges acquirers face? What should acquirers look for in a potential target? How should they integrate a target post-acquisition? It also considers the sell-side strategies for firms looking to exit businesses through divestiture. The learning objective of this course is to help you learn to identify and define successful mergers and acquisitions, and offer solutions for the common problems that firms face when undertaking acquisitions. The course not only introduces you to core concepts around M&A, it also seeks to develop your ability to critically evaluate firms? M&A choices, and to effectively communicate your assessment of these choices to a business audience. prereq: Mgmt 4032
MGMT 4055 - Managing Innovation and Change In Action
Credits: 2.0 [max 2.0]
Course Equivalencies: IBus 4050/Mgmt 4055
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course focuses on how business organizations innovate and change. The course covers foundational topics and combines both theoretical insights and practical knowledge based on cases and hands-on exercises. The class topics address the following questions: · What are the sources, types and patterns of innovation? · What are the characteristics of an organization?s innovation ecosystem? · How do organizations compete and collaborate in innovation ecosystems? · What are some external forces shaping organizational innovations? · How do organizations adapt to these external forces? By the end of this course, students will: Learn the key principles of success and failure of innovation and change in business organizations across different products, services and geographies. Apply course concepts to real organizational cases, diagnose problems and recommend solutions. Use clear written, verbal and online communication skills. Collaborate to create novel solutions to tasks and problems. Demonstrate the use of a wide range of qualitative and quantitative sources to support conclusions and recommendations. prereq: MGMT 3001 or MGMT 3004 or MGMT 3010 or MGMT 3015
BA 4503 - Carlson Ventures Enterprise
Credits: 2.0 -4.0 [max 12.0]
Course Equivalencies: BA 4503/MBA 6503
Grading Basis: OPT No Aud
Typically offered: Every Fall & Spring
Carlson Ventures Enterprise (CVE) is intended for highly-motivated entrepreneurially minded graduate and undergraduate students who seek opportunities to develop creative problem solving and critical analysis skills to aid in better identifying, creating, and evaluating any new business opportunity, whether a start-up, social venture or innovation initiative inside a Fortune 500 company. CVE?s comprehensive curriculum includes the best practices, frameworks, and tools used in entrepreneurial and innovative pursuits. In a teach-then-apply environment, students manage client based projects solving real-world problems in real time, whether helping an entrepreneur develop their new business or an established organization evaluate opportunities for growth. CVE fits with multiple degree plans, in multiple schools at the University, as either a requirement, an elective or a capstone. This course will meet with MBA 6503. Registration for this course is by permission only. prereq: approved application
BA 4504 - Carlson Consulting Enterprise
Credits: 1.0 -4.0 [max 12.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Connects cutting-edge ideas/technologies from classroom to real problems presented by clients. Students work collaboratively with clients to integrate strategy/technology. How to lead complex change initiatives. The class will meet concurrently with MBA 6504. prereq: approved application
FINA 4221 - Principles of Corporate Finance
Credits: 2.0 [max 2.0]
Course Equivalencies: Fina 4221/Fina 4241
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course evaluates how the financing choices the firm makes influence the creation of firm value and allocation of firm risks among investors. Course presents the debt vs. equity trade-off, tax effects of financing, dividend vs. share repurchases, and the impact on managerial incentives and agency problems. prereq: 3001 or 3001H, CSOM major or Math/Actuarial Science major or Management Minor
FINA 4242W - Corporate Investment Decisions (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: Fina 4229/Fina 4242
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This case based course provides the student with an opportunity to apply the concepts from previous finance coursework to a variety of decisions a firm would face when allocating capital to investment decisions. The focus is weighted toward combining the theory with the practice of valuation of investment opportunities through the use of group cases to give the student a sense of the strengths and weaknesses of such analysis. The course presents firm performance measurement metrics, APV & WACC based valuation, working capital management, making capital budgeting decisions, financial distress and capital structure, real options and mergers& acquisitions. prereq: 4121, 4321, 4422, 4522, and CSOM major
IDSC 3511 - Pitching Business Strategy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
Contemporary business strategy drives growth across industries and geographies. Thus, effectively selling an approach to an ambiguous business situation is an important skill for those entering the business world - either as a consultant or a staff member wishing to sell ideas to senior management. You will learn how to approach an opportunity and how to communicate your approach and an action plan to management with appropriate emphasis and structure. The class consists of a series of hands-on workshops and real-world, global business cases (which serve as proxies for real-life consulting and staff experiences). Prereq: IDSc 3001 or I-Core (completed or concurrent), or Instructor permission.
IDSC 4444 - Descriptive and Predictive Analytics
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
Descriptive and Predictive Analytics exposes students to a number of data mining and machine learning methods, including: exploratory methods (such as association rules and cluster analysis), predictive methods (such as K-NN and decision trees), and text mining methods. The course combines theoretical lectures with lab lectures, where the methods are practically implemented using the software R. prereqs: IDSC 3001; non-MIS majors also need IDSC 4110
IDSC 4455 - Web 2.0: The Business of Social Media
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
Business use of social media technologies. Blogs, wikis, online social networks. Readings, forum discussion, case analyses. How technologies engage consumers, market products or services, benefit from open innovation, foster collaboration among employees. prereq: 3001
MGMT 3015 - Introduction to Entrepreneurship
Credits: 4.0 [max 4.0]
Course Equivalencies: IBUS 3010/MGMT 3010/MGMT 3015
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Fundamentals of entrepreneurship. Career paths, including new business start-ups, franchising, acquisitions (including family business succession), corporate venturing, and entre-preneurial services. Legal structures for new business formation. Aspects of business law/ethics.
MGMT 3045 - Understanding the International Environment of Firms: International Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Theories, frameworks, tools, and facts for understanding the environment of firms in international competition. Main world-level economic flows (trade, investment, finance). How country-/industry-level economic, political, and sociocultural factors influence behavior/functions of firms in international competition. prereq: MGMT 3001 or 3004
MGMT 4044 - Negotiation Strategies
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
This course is an introduction to the theory and practice of negotiation as the art and science of securing agreements between two or more interdependent parties seeking to maximize their own outcomes. The concepts you learn and the skills you develop in this class will apply to both your work and personal negotiations. At the heart of this class is the idea that the best way to learn to negotiate is by engaging in negotiation and then rigorously analyzing your experience. Therefore, this course is designed to be a highly interactive learning experience. The role of the course instructor is to help you get the most out of this experience by selecting relevant and compelling exercises and readings, as well as by facilitating engaging and meaningful discussion of class negotiations, negotiation research and best practices.
MKTG 3011 - Marketing Research
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course focuses on managing the entire marketing research process, which involves collecting and analyzing relevant, timely, and accurate information to gain customer insights and drive effective marketing decision making. Students learn fundamental techniques of data collection and analysis to solve specific marketing problems. The class offers hands-on learning-by-doing opportunities through group projects for students to practice every stage of marketing research. prereqs: 3001 and BA 2551 or SCO 2550 or equivalent statistics course
MKTG 4081W - Marketing Strategy (WI)
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Determining product markets where organizations should compete based on ability to create/maintain competitive advantage. External environment of business. Constructing/evaluating global marketing strategies. Largely case-based. This is the capstone course in the Marketing major. prereq: Mktg 3011, Mktg 3041, (or Mktg 3010 & Mktg 3040) and 8 Mktg elective credits
MKTG 4082W - Brand Management (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: IBus 4082W/Mktg 4082W
Grading Basis: A-F only
Typically offered: Every Fall & Spring
How do firms build great brands, such as Apple and Nike? How do firms leverage their popular brands to expand into new markets, new products, and new countries? This course focuses on questions like these to help students understand how to use brand strategies to successfully build, measure, and manage brands. Students participate in a course-long project to research and evaluate brand strategies used by a brand of their choosing. The course includes lectures, cases, and project check-ins between group members and their instructor. prereq: MKTG 3010/3011 and MKTG 3040/3041
SCO 3041 - Project Management
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Principles and methods useful for planning and controlling a project, including development of project plan, resource planning and scheduling, and project monitoring and control. Selected computerized packages are studied, including PERT and CPM, and examples of different types of projects from manufacturing and service industries are used. prereq: 3000 or instr consent
SCO 3072 - Managing Technologies in the Supply Chain
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Technologies and technological change within/between firms as opportunities for professional leadership. Selecting technologies, nurturing their adoption, and ensuring their exploitation. prereq: 3001
SCO 4065W - Supply Chain and Operations Strategy (WI)
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Senior capstone. How to achieve/sustain competitive advantage through consistent decisions in manufacturing/service operations. Marketing/business strategy in global context. Vertical integration, capacity, facilities, technology/infrastructure. prereq: 3001, 3056, 3059, 4 [OMS or SCO] elective cr