Course Details

Strategy Formulation and Decision Making

 

TCHS1-GC1025
Credit: Hospitality, Tourism, and Sports Management

This course analyzes strategy formulation and decision-making processes used to successfully implement plans and solutions in the hospitality industry. Managers must be capable of analyzing and diagnosing business problems as well as developing and implementing effective strategic solutions. Topics to be discussed include strategic analysis, industry analysis, value chains, core competencies, competitive analysis, scenario analysis, and game theory.

Course Objectives:
By the end of the semester, students should be able to:

1. Utilize various models to formulate strategy on a mid- and long-term basis.
2. Analyze strategic decisions of industry professionals with regard to specific strategic planning tools.
3. Apply key strategic management concepts and tools to current business challenges.
4. Interpret the effects of taxation and regulation.
5. Understand the implications of crisis situations and globalization on short- and long-term strategic decision-making

Prerequisites:
None

 

To register for this course you must be an admitted student in an NYU credit or degree program or have special student status. Admitted NYU credit or degree students may visit NYUHome to register through ALBERT. To apply to an NYU-SCPS credit or degree program, call (212) 998-7100.