Advanced Strategy

• Advanced Strategy

Advanced Strategy Elective Courses

Overview

This course introduces advanced strategy techniques to analyze and quantify the sources of sustainable competitive advantage in dynamic markets in which strategic interaction among players is an important feature.

Business environments are not static. An increasing number of industries undergo periods of major market and non market-driven turbulence, which radically change the rules of the game and the fundamentals of business success. High uncertainty, rapid and discontinuous change, and growing interdependencies among a diverse set of actors have pervaded various industries, such as computing with the built-to-order and digital revolutions, pharmaceuticals with accelerated R&D competition, and the video games market with strong critical mass races. Other examples include fashion with shrinking manufacturing lead times, the home TV market with disruptive technological substitution from Video-on-Demand and even the seemingly eternal market for diamonds which has been destabilized by increasing supply and the emergence of artificial diamonds.

This course develops strategy principles, techniques, and frameworks to effectively manage dynamic market environments in the pursuit of sustainable competitive advantage. After a review of the techniques needed to analyze relatively static, non-turbulent industries, the course examines how these tools can be extended to dynamic environments achieve and consolidate competitive advantage and superior market positions.

The MBA Mini-Backbone Strategy Course is designed to build on the MBA Core Strategy Course. Students will also review and apply introductory notions of Economics of Strategy, Finance, Marketing, Operations Management, and Organizational Behavior.

Learning outcomes

Knowledge of How to …..

• Understand basic game-theoretic tools and techniques to develop strategic thinking
• Interpret real-life information to form necessary input for the analysis of real-life situations using game -theoretic methods
• Select models to fit the strategic situation to be analyzed
• Apply the various methods to a variety of different markets and situations
• Analyze complex real-life situations using strategic thinking