Course Summary
This course by the Darden School of Business at the University of Virginia covers advanced business strategy concepts, including industry analysis, competitive dynamics, and corporate strategy. Students will learn from case studies and real-world examples to develop their strategic thinking skills.Key Learning Points
- Learn how to analyze industries and competitors to develop effective business strategies
- Understand the role of corporate strategy in driving organizational success
- Develop strategic thinking skills through case studies and real-world examples
Related Topics for further study
Learning Outcomes
- Develop a deep understanding of business strategy concepts
- Learn how to analyze industries and competitors to develop effective strategies
- Develop strategic thinking skills that can be applied to real-world business situations
Prerequisites or good to have knowledge before taking this course
- Basic understanding of business concepts
- Familiarity with financial statements
Course Difficulty Level
AdvancedCourse Format
- Online and self-paced
- Case studies and real-world examples
Similar Courses
- Competitive Strategy
- Corporate Strategy
Related Education Paths
Notable People in This Field
- Professor at Harvard Business School
- Management Consultant and Author
Related Books
Description
Advance your strategic analysis skills in this follow-up to Foundations of Business Strategy. In this course, developed at the Darden School of Business at the University of Virginia, you'll learn the tools to analyze strategy across time (competitive dynamics), industries (corporate strategy), geographies (international strategy), and institutions (non-market strategy). Top-ranked faculty will introduce the tools you need to complete a comprehensive evaluation and understand the strategy dynamics of an industry: Competitive Lifecycle, Internationalization and Stakeholder Analyses, and Diversification Matrices.
Knowledge
- The dynamics of competition, the competitive life cycle, and strategies to survive and thrive through industry disruption
- Internationalization strategies, how, where, and when to enter foreign markets, and foreign direct investment
- How businesses compete across industries, the value of being in different markets, and the right degree of diversification
- Stakeholder management and how engaging with non-capital stakeholders can create value
Outline
- Dynamic Strategy
- Introduction to Strategy Over Time
- The Dynamic Capabilities Perspective
- Introduction to the Competitive Life Cycle
- Competitive Life Cycle: Common Patterns
- Why Incumbent Firms Fail or Survive
- Competitive Life Cycle Analysis
- Module Lessons
- Strategist's Toolkit: Competitive Life Cycle Analysis
- Course Overview
- Course Requirements
- Get to Know Your Classmates
- Using the Discussion Forums
- Dynamic Strategy
- International Strategy
- Introduction to International Strategy
- Patterns of Internationalization
- Where to Compete
- Entering Foreign Markets: Exporting
- Entering Foreign Markets: Licensing and Alliances
- Entering Foreign Markets: Foreign Direct Investment
- Foreign Direct Investment: Entry Mode
- Module Lessons
- Strategist's Toolkit: Internationalization Analysis
- International Strategy
- Diversification Strategy
- Introduction to Competing across Industries
- Financial Reasons to Diversify
- Operational Reasons to Diversify
- Strategic Reasons to Diversify
- Why Firms Exist: Theory of the Firm
- Limits on Firm Scope
- The Right Degree of Diversification
- Module Lessons
- Strategist's Toolkit: Diversification Matrices
- Diversification Strategy
- Stakeholder Strategy
- Introduction to Stakeholder Strategy
- Creating Value for Stakeholders
- Aligning Key Stakeholders
- Aligning Secondary Stakeholders
- Sources of Institutional Pressure
- Value Creation and Your Values
- Module Lessons
- Strategist's Toolkit: Stakeholder Analysis
- Assignment Overview
- Stakeholder Strategy
- Practice Reviewing an Assignment
Summary of User Reviews
The UVA Darden Advanced Business Strategy course is a highly rated program that provides students with advanced business strategies to help them succeed in today's competitive market. Many users found the course to be informative and engaging. One key aspect that many users thought was good is the course's focus on real-world examples and case studies.Pros from User Reviews
- Informative and engaging course material
- Real-world examples and case studies
- Experienced and knowledgeable instructors
- Flexible scheduling options
- Interactive and collaborative learning environment
Cons from User Reviews
- Expensive course fees
- Time-consuming assignments
- Limited feedback from instructors
- Technical issues with course platform
- Difficult to keep up with the pace of the course
Michael Lenox
4.8 Raiting
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