OEL 541: Strategic Management and Creating Economic Value in Organizations (Graduate Level)

Course Description

This course will focus on introducing students to the key principles of creating economic value in an organization. Students will learn how to use various strategic, economic, and financial tools to analyze the current competitive condition of an organization and create an organizational business strategy to promote business sustainability and resilience.  Formerly titled: Business and Economics of an Organization (3 credits)


  • OEL 501: Driving Organization Adaptability through Learning Organizations

Student Learning Outcomes (SLOs)

Students who successfully complete this course will be able to:

  1. Demonstrate a basic understanding of accounting and financial management processes.
  2. Demonstrate the ability to develop and analyze organizational budgets for forecasting purposes.
  3. Explain global economic threats and the challenges it presents for organizations.
  4. Apply the financial strategies required for organizational decision making to a business dilemma.
  5. Demonstrate ability to conduct research, analyze financial statements, and other organizational information to develop organizational strategic planning processes.
  6. Demonstrate an understanding of organizational marketing concepts and how they relate to an effective organization.

Applicable Program Learning Outcomes (PLOs)

  • PLO 5. Construct organizational leadership strategies.
  • PLO 7. Design and implement organizational change processes.
  • PLO 8. Create strategies to support intercultural/global inter-relationships.
  • PLO 9. Develop strategies that support the advancement of organization's vision and mission.
  • PLO 12. Apply financial and economic tools to improve organizational performance.
  • PLO 13. Conduct research utilizing online sources and databases and write research papers that analyze and synthesize information and data gathered.

Course Activities and Grading


Discussions: 10 @ 25 points each


Writing Assignments (Weeks 1,2, 5, 6): 4 @ 100 points each


Game Theory Writing Assignment (Week 4)


Final Project


Total Points


Required Textbooks

Available through Charter Oak State College's online bookstore

  • Froeb, McCann, Shor and Ward (2018). Managerial Economics: A Problem Solving Approach. 5th ed. Cengage Learning. ISBN-13: 9781337106665

Supplemental Required Readings/Resources

(Provided in the course)

Supplemental Required Readings/Resources

(Available in the Charter Oak Library)

  • Organizational Decision Making

    Elbanna, S. (2016). Managers' autonomy, strategic control, organizational politics and strategic
    planning effectiveness: An empirical investigation into missing links in the hotel sector. Tourism Management, 52210-220. doi:10.1016/j.tourman.2015.06.025

    Luoma, J. (2016). Model-based organizational decision making: A behavioral lens. European
    Journal Of Operational Research, 249(3), 816-826. doi:10.1016/j.ejor.2015.08.039

  • Organizational Budgeting

    Hannan, R. L., Rankin, F. W., & Towry, K. L. (2010). Flattening the organization: The effect of
    Organizational reporting structure on budgeting effectiveness. Review of Accounting Studies, 15(3), 503-536. doi: http://dx.doi.org.cosc.idm.oclc.org/10.1007/s11142-010-9132-5

  • Global and Economic Effects on Organizations

    Peric, M., & Vitezic, V. (2016). Impact of global economic crisis on firm growth. Small Business
    Economics, 46(1), 1-12. doi http://dx.doi.org.cosc.idm.oclc.org/10.1007/s11187-015-9671-z

    Barge-gil, A., & Modrego, A. (2011). The impact of research and technology organizations on firm
    competitiveness. measurement and determinants. Journal of Technology Transfer, 36(1), 61-83. doi: http://dx.doi.org.cosc.idm.oclc.org/10.1007/s10961-009-9132-4

  • Organizational Marketing Concepts

    Mena, J. A., & Chabowski, B. R. (2015). The role of organizational learning in stakeholder marketing.
    Academy of Marketing Science.Journal, 43(4), 429-452. doi: http://dx.doi.org.cosc.idm.oclc.org/10.1007/s11747-015-0442-9

Course Schedule




Readings and Exercises





Problem Solving and Decision Making

  • Readings:
    • Chapters 1-5
  • Read assigned material
  • Review lecture material
  • Discussion Question 1
  • Writing Assignment: Balanced Scorecard Analysis     




Pricing, Costs and Profits

  • Readings:
    • Chapters 6-11
  • Read assigned material
  • Review lecture material
  • Discussion Question 2
  • Writing Assignment: Developing a Marketing Plan




Pricing for Greater Profit

  • Readings:
    • Chapters 12-14
  • Read assigned material
  • Review lecture material
  • Discussion Question 3
  • Discussion Question 4




Strategic Decision Making

  • Readings:
    • Chapters 15 & 16
  • Read assigned material
  • Review lecture material
  • Discussion Question 5
  • Writing Assignment: Sequential-Move Game vs Simultaneous-Move Game





  • Readings:
    • Chapters 17 & 18
  • Read assigned material
  • Review lecture material
  • Discussion Question 6
  • Writing Assignment: Risk & Uncertainty




Organizational Design

  • Readings:
    • Chapters 19 & 20
  • Read assigned material
  • Review lecture material
  • Discussion Question 7
  • Writing Assignment: SWOT Analysis




Managing Organizational Dynamics

  • Readings:
    • Chapters 21-23
  • Read assigned material
  • Review lecture material
  • Discussion Question 8
  • Discussion Question 9




Wrap Up - What Have You Learned

  • Readings:
    • Chapter 24
  • Read assigned material
  • Review lecture material
  • Discussion Question 10
  • Final Project-PowerPoint Presentation

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.