Today we met for the first time with the MBA students of Estonian Business School for a strategic management class. A group of 32 managed to kick off the semester and discuss the main requirements of the course for the upcoming seminars. A couple of words about the topics covered.
As most participants did not have previous professional work experience then we started off with the basic introductory building blocks of strategic management and thereafter focused to Business Model You, which is a nice and practical tool to reflect upon our own experience and try to build up our own business plans. Especially when starting with a school or a new study programme it is worthwhile to spend some time in analysing what is really important in our lives and how can we all be one-person businesses. Sometimes our one-person may strategy materialise in a grandiose future business plan. In other instances the one-person strategy could just serve us with some tools of thinking on how to be a better employee in your existing organization.
At the final part of our discussion we opened a quick pandora’s box into decision making and risk handling by using Alaska Gold Mine case.