STRT-609 Capability Based Strategy
The goal of the course is to develop your skills in analyzing strategic situations and formulating firm strategy. The course focuses upon a specific approach to strategy analysis: the role of resources and capabilities in creating and sustaining competitive advantage. This approach is especially relevant to companies competing in markets subject to intense competition and rapid rates of change. In such markets customer focus is an inadequate basis for long-term strategy. The course consolidates and builds upon what your learned in your core strategic management course and applies concepts and ideas from other core courses, including finance, accounting, marketing, and organizational analysis. Key topics include: the identification and appraisal of the resources of the firm, how firms develop organizational capabilities; the role of knowledge as the single most important resource of the firm, competing for standards, the role of corporate-level resources in the analysis of diversification, and the implications of a capability focus for the redesign of organizational structures. The course is intended for those pursuing careers in management consulting and general management, and those in more functionally specific roles who need strong strategic skills (e.g. brand managers, corporate financiers, MIS managers, investment analysts). Preference given to MBA 2nd years.
Prerequisites: preference to 2nd year MBAs
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