MANGT 510 Prospective Students
Sample Syllabus
Sample Lesson
Introduction
2.1 Strategic Management
2.1.1 Formulating, Implementing, and Evaluating
2.1.2 Cross-Functional Decisions
2.1.3 Achieving Corporate Objectives
2.2 Strategic Management Process Flow Chart
2.2.1 Formulating Strategies
Conducting an External Audit
Performing an Internal Audit
Establishing Long-Term Objectives
Generating, Evaluating, and Selecting Strategies
2.2.2 Implementing Strategies
Managerial and Financial
Technological and Functional
Final Words
Measuring and Evaluating Performance
Strategic Management Road Map
2.4 Stakeholder Management
2.4.1 Identifying Project Stakeholders
Clients
Competitors and Suppliers
Intervenor Groups
Top Management and Accounting
Functional Managers and Project Team Members
2.4.2 Managing Stakeholders
Assess the Environment
Managing Stakeholders--2. Identify the Goals of the Principal Actors
Assess Your Own Capabilities
Develop Solutions
Test and Refine the Solution
Stakeholder Management Cycle
2.5 Project Screening and Selection Approaches
2.5.2 Simple Scoring Model
2.5.3 Profile Models
2.5.4 Financial Models
Net Present Value
Internal Rate of Return
Picking the Selection Approach That Is Right for You

Method Four: Financial Models - Internal Rate of Return

Internal rate of return (IRR) is an alternative method for evaluating the expected income and outlays associated with a new project-investment opportunity. Under this model, the project must meet some internal organizational hurdle rate required of all projects prior to their investment. Without going through the mathematics of the process in detail, the IRR is the discount rate that equates the present values of the revenue and expense streams for a project. Assuming a project has a lifetime of t, the IRR would be the rate that equates:

I0 +
I1
+
I2
+ ... +
It
= R0 +
R1
+
R2
+ ... +
Rt
(1 + k)
(1 + k)2
(1 + k)t
(1 + k)
(1 + k)2
(1 + k) t

IRR (represented by the value k) is found through a process of trial and error.