1.Week 1
Overview • About the course
Introduction of Strategy • What is strategic management? • What is business strategy? • What is corporate strategy?
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2.Week 2
Business Strategy • Relationship of strategy to mission, purpose, values and vision • The strategy statement • Developing strategy
Corporate Strategy • Domain of corporate strategy • Scope of the firm
Competitive Advantage • Value and competitive advantage • Two main routes to competitive advantage • Sustainable competitive advantage • Position, Capabilities, and The resource-based view of the firm • Cost-Quality analysis
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3.Week 3
Internal Context: Organization Design • Organization design and competitive advantage • Strategy and organization: case discussion • Challenge of organization design • Architecture, routines, and culture analysis
Organization and Competitive Advantage • Aligning strategy and organization • Building and creating competitive advantage • Combining exploration and exploitation • Costs of organizational change |
4.Week 4
External Context: Industry Analysis • The effects of industry characteristics on firm performance • Organizing industry analysis • A framework for industry analysis • Industry definition
Assignment presentation and discussion
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5.Week 5
The Spectrum of Competition and Niche Markets • The spectrum of competition • Niche markets and product differentiation • Consumer preferences and product differentiation • Differentiation and competition • Product positioning
Assignment presentation and discussion
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6.Week 6
Competition in Concentrated Markets • Oligopoly: The elements of strategic interaction • Dominant firms • Antitrust
Entry and The Advantage of Incumbency • Types of incumbency advantage • Entry barriers at work • Strategically creating incumbency advantage
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7.Week 7
Creating and Capturing value in The Value Chain • Value creation and value capture • The value chain and buyer or supply power • Capturing value • Creating Value
Mid-term exam
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8.Week 8
Strategic Management in A Changing Environment • The evolution of the US automobile industry • Change and competitive advantage • Industry life cycle • The evolution of industry organization • Managing strategic change
Assignment presentation and discussion
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9.Week 9
Strategy in Markets with Demand-side Increasing Returns • Sources of demand-side increasing returns • Competition in markets with demand-side increasing returns • Systems of components • Technology adoption • Managing the adoption process • Standards-setting processes
Assignment presentation and discussion
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10.Week 10
Globalization and Strategy • Implications for managers • Strategic gains from globalization • Globalization of industries and economies • Strategic challenges • Organizing to meet the challenge
Assignment presentation and discussion
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11.Week 11
Corporate Strategy: Managing for Value in A Multi-business Company • A framework for corporate strategy • Does corporate add value • Strategic spillovers and competitive advantage • Levers: resource and allocation and organization design
Assignment presentation and discussion
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12.Week 12
The Strategy Process • Some principles of the strategy process • Business strategy process • Strategic plans • The evolution of strategy • Corporate strategic processes
Assignment presentation and discussion
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13.Week 13
Term project presentation and discussion |
14.Week 14
Term project presentation and discussion
Wrap Up
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15.Week 15
No Class (No final exam for this class)
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16.Note:
Schedule in this syllabus may be adjusted upon case studies and class size. Any change will be announced in the class.
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