Strategy students

MSc Strategy

Behind every success are strategists as key thinkers, decision makers and implementers.

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About The Course

Today's businesses and organisations operate in a global context of disruption and uncertainty. Whether for-profit or not-for-profit, public or private, all are affected by political, ecological and demographic complexities. So what are the implications for those organisations and businesses? They must be quick to change. And they must change strategically.

Endorsed by Ernst & Young (EY), this programme benefits from depth of expertise, knowledge and cutting-edge research. We will teach you the art of strategising and the practice of strategy. You will learn how to develop strategic business models and understand the implications of digital strategy. You will also acquire a deep knowledge of mergers and acquisitions as a potential strategy to address challenges and opportunities.

Working with real examples from industry, you will test your theoretical knowledge in context. In the company project module we tackle a question, task or challenge sourced from companies and supported by faculty and representatives from EY. Our teaching is underpinned by our staff’s cutting-edge research, which they bring to the classroom.

Key Facts

Course Content

In the first term, you will study three core modules. You will also study professional development which continues into your second term and researching entrepreneurship which is a theme throughout all three terms of your degree.

  • Building Competitive Advantage

    This module is concerned with the critical choices that organisations face in order to survive and gain sustainable competitive advantage in an international environment with rapid economic, regulatory and technological changes. To understand and critically evaluate these choices and their strategic dimension requires analysis of the environment in which multinational enterprises operate as well as the creation of know-how value at a business and corporate level.

  • Digital Strategy

    The nature and prevalence of digital technology have significant implications for strategic management theory and practice. Understanding how digital technologies can be used strategically and their limitations in transforming organizations, including their resources and capabilities is therefore of fundamental importance for the strategic management of organizations. This module provides a theoretical basis as well as practical tools and frameworks for developing, implementing and managing digital strategy by using case examples from real-life organisations.

  • Corporate entrepreneurial mindset

    The module will provide foundations to develop entrepreneurial mind-set in the context of corporate level. In this regard, it entails various entrepreneurial activities on multiple levels including the individual, team, or organizational level. This module is a theory-led and practice-oriented. It provides you with knowledge useful for anyone aiming at working (or researching) in the field of corporate innovation and entrepreneurship or at pursuing an entrepreneurial career.

  • Professional Development

    This module complements the academic content of the programme by helping students develop important career skills such as how to present themselves on the job market and business presentation skills. The ability to present complex data in a clear, concise and convincing way is an important skill for business graduates and in this module we offer students the opportunity to learn and practice presentation in a safe environment.

  • Researching Entrepreneurship, Strategy and International Business

    This module aims to provide a broad overview of qualitative and quantitative approaches as used in management research, together with an understanding of the different research paradigms. This module prepares you for the independent research you will undertake for your final research project.

In the second term, you will study the below modules.

  • Business Model Innovation

    Many innovations in business relate to innovations in the logic of value capture and value creation – or business model. Business model innovation is at the heart of recent disruptive changes in many industries. Thus, the ability to understand, develop and articulate business models is a key capability in today’s business world. The Business Model Innovation module takes a practical approach to understanding and designing business models. This module provides a basis for using recent tools and frameworks for business model design and innovation for both start-ups and established organisations, which students apply to case examples and real-life organisations.

  • Professional Development

    This module complements the academic content of the programme by helping students develop important career skills such as how to present themselves on the job market and business presentation skills. The ability to present complex data in a clear, concise and convincing way is an important skill for business graduates and in this module we offer students the opportunity to learn and practice presentation in a safe environment.

  • Researching Entrepreneurship, Strategy and International Business

    This module aims to provide a broad overview of qualitative and quantitative approaches as used in management research, together with an understanding of the different research paradigms. This module prepares you for the independent research you will undertake for your final research project.

  • International Strategy Summit

    This innovative capstone module comprises a set of lectures and workshops and culminates in a simulated full-day ‘Strategy Summit’. The lecture syllabus will deal with advanced topics in strategy practice and process in multi-business, multi-national firms, and builds on the core strategy and international business modules delivered in Terms 1 and 2.

    The Strategy Summit event simulates a corporate strategy process in a real-world multinational, multidivisional firm. The event creates an environment that calls on students to apply ideas developed in lectures and workshops and, importantly, to reflect on what they are doing in the process. Students work in teams, taking on the role of key actors in the process, e.g. top management team, middle managers, division or subsidiary managers, consultants, unions, regulators, shareholders, media actors, etc.

    The module provides students with the opportunity to integrate their learning on the programme and to develop a variety of professional and personal capabilities.

    Assessment comprises:

    • interim group report;
    • group presentation/performance at the Summit;
    • individual reflective essay.

  • Cross Border Mergers and Acquisitions

    Cross border mergers and acquisitions (M&A) are an increasingly important force in shaping economies, restructuring industries and revitalising organisations. Accounting for trillions of dollars in spend and affecting various stakeholders (e.g., employees, customers. supplies, shareholders), it is important to consider the motivations, processes and impacts of cross border M&A.

    Drawing upon concepts in International Business, Corporate Strategy, Business Analytics and Cross National Management, the main strategies for engaging in M&A, the practices involved in deal closure and the post acquisition integration process shall be examined across a variety of national contexts.

From May to July you will work on the below modules, including a strategy project to develop your skills in preparation for your future career.

  • Strategic Purpose and Leadership

    Most organisations invest vast amounts of resources in defining and redefining their identity. Occasionally, however, organisations lose their sense of identity and purpose. This module seeks to explore the influence of leadership on an organisation’s purpose. Purposes are seen to be focused on an orientation that provides value within the organisation and beyond. Students will be engaged in critically and reflectively examining the purpose and role(s) of values, leadership responsibilities, and stakeholders, sustainability and ethics.

  • Researching Entrepreneurship, Strategy and International Business

    This module aims to provide a broad overview of qualitative and quantitative approaches as used in management research, together with an understanding of the different research paradigms. This module prepares you for the independent research you will undertake for your final research project.

  • Dissertation

    This module consists of two components: research methods and dissertation. The research methods taught component is designed to equip you with the additional research techniques and analytical tools necessary to undertake your Dissertation which may be company based. The Dissertation component consists of an extended piece of supervised independent research of around 15,000 words on a topic relating to some aspect of International Business & Strategy. You choose your topic in the Lent Term. The focus of the Dissertation is normally on issues raised in the core modules but may tackle areas of interest revealed in the optional modules that you wish to investigate in further depth. There is also the opportunity to undertake a company-based project.

Scholarships

Our programme-specific scholarships are aimed at high-achieving students with a strong academic or personal profile. We'll automatically consider you for these scholarships when you apply and if you are shortlisted we'll be in touch with the next steps, so it's best to apply as soon as possible. We also offer LUMS Alumni scholarships - visit our Scholarships and Funding page to find out more.

Scholarships and Funding

Careers

Strategy jobs are commonly seen as the most desirable in large organisations because they provide access to key stakeholders and deal with the overall organisational purpose – the vision, goals, challenges, and opportunities that determine value in an organisation. This degree prepares participants for key strategic roles within organisations, including but not limited to Business Analyst, Business Developer, Chief Strategy Officer, Strategy Consultant, Organisational Change Manager, Policy Advisor, and Strategic Planner.

For those with experience, this programme prepares candidates for roles such as Senior Vice Presidents of Strategy, which is a common route to the job as CEO.

Graduates from our department’s MSc programmes work in multinationals such as Apple, Coca-Cola, GSK, Hewlett Packard, Microsoft and Unilever as well as the top global professional service firms such as Accenture, Bank of America Merrill Lynch, Deloitte, EY, IBM, KPMG and PWC.

Graduates

Transformational Teaching

Our MSc Strategy will take you through a stimulating period of personal and professional transformation that will enable you to confidently and competently tackle strategic challenges that face all organisations.

Capstone modules such as the Consultancy Challenge and the Strategy Practice Project will give you the opportunity to engage in real strategy projects within UK and international companies. Our practice-based approach will gradually cultivate the necessary practical skills in developing, creating, innovating, leading and changing strategies in real-world situations. You will be challenged to study strategies and to actively demonstrate their viability to different interest groups within and outside of the University.

Ernst and Young Partnership

This programme is endorsed by Ernst & Young (EY), demonstrating the quality of our teaching and the strong relevance of our curriculum to industry needs. Throughout your studies, you will have access to a range of opportunities with EY including guest lectures, networking, internships and a mentoring programme for top performers. These opportunities are designed to enhance your professional development and help you launch a successful future career.

Ernst and Young

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