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What is "Strategic Management"? 15 Nov 2009, 20:53
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Sorry for this dumb question, but could someone explain what "strategic management" career goal is about? What's the nature of the job? What are the clients they serve? What are the common employers? What is typical career growth path? Being a consultant in "strategic management" would give the person sufficient knowledge and prep for enterpreneurship in the long term?

Thanks in advance!
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What is "Strategic Management"? 16 Nov 2009, 09:07
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Sorry for this dumb question, but could someone explain what "strategic management" career goal is about? What's the nature of the job? What are the clients they serve? What are the common employers? What is typical career growth path? Being a consultant in "strategic management" would give the person sufficient knowledge and prep for enterpreneurship in the long term?

Thanks in advance!
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Strategic Mgmt = Mgmt training w/ focus on strategy

Strategy = Future plan of company

Can help entrepreneurs, consultants who want to do strategy consulting and general managers
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What is "Strategic Management"? 16 Nov 2009, 10:26
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I'm no strategic consultant but here's what I understand

Talking broadly, Strategic management is sort of working on the company's strategy. It can range from being too broad such as kind of markets they should be in, kind of approach they should adopt within a market to being too specific such as what should be the strategy while launching a product( when to launch, what price etc)

If you are working as a Strategic consultant, clients can be anyone from Pharma to IT to manufacturing. Even companies have dedicated resources in their Strategy department

To answer your last question, definitely yes. It does prepare you for entrepreneur ship in the long term

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What is "Strategic Management"? 16 Nov 2009, 10:55
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In a sense, "Strategic Management" is a broad subject and many MBA programs has a concentration in something like "Strategy" or similar (many bschools have Entrepreneurship concentration as well). These concentrations will allow you to choose electives on top of standard requirements and you can concentrate in Entrepreneurship focused strategy or Management Consulting-like focused strategy for corporations, etc.

If your goal is to spend some time at consulting firms or VC's (post-MBA) and later on, venture out on your own, then it's not an issue. Your ob the job experience alone probably will give you enough experience and know-how for successful entreprenuership.

But if your goal is to get into entrepreurship right out of bschool, it probably would make sense to take courses relevant to entrepreneurship in school such as :
- Financial Accounting
- Marketing Management
- Entreprenuerial Strategy
- Entreprenuerial Cases and Analysis
- Management of Family Business/Sole Proprietorship
- Entreprenuership Venture Research & Development
- Management of Entrepreneurship
- Venture Capital and Entrepreneurial Finance
- Managerial Finance
- Business Law
- E-Business Management
- HR Management (Management Science)
- Negotiations
(Plus many more)
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What is "Strategic Management"? 16 Nov 2009, 13:05
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Thanks formerlyknownas, unplugged and nink! Very helpful information.

In my career goal essay, I had to bridge my past experience as big 4 (financial reporting and tax) to my future career goal of entreprenuership. I found it really difficult to build the case. So I was thinking a logic short-term career goal would be "strategic management". Hence I asked the question as to how it really helps to get to the entreprenuership goal.

Thanks again for the great help!
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What is "Strategic Management"? 15 Nov 2019, 05:01
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