Foundations of Business Strategy
About this Course
Develop your ability to think strategically, analyze the competitive environment, and recommend firm positioning and value creation. In this course, developed at the Darden School of Business at the University of Virginia, top-ranked faculty will help you explore the underlying theory and frameworks that provide the foundations of a successful business strategy and provide the tools you need to understand that strategy: SWOT, Competitor, Environmental, Five Forces, and Capabilities Analyses, as well as Strategy Maps.
WHAT YOU WILL LEARN
- How to use the SWOT, competitor, and environmental analysis tools
- How to assess an industry’s structure and how the competitive dynamics in an industry affect profitability
- How to complete a capabilities analysis and how to use this analysis to guide decision making
- How to analyze the advantages and disadvantages of four generic competitive positions
SKILLS YOU WILL GAIN:
- Capabilities Analysis
- Business Strategy
- Competitive Position
- Strategic Analysis
- Industry Structure
Syllabus
What you will learn from this course
Introduction to Strategic Analysis
Welcome to the first module in the Foundations course. In this module, we’ll discuss the meaning and importance of business strategy to an organization’s competitive positioning. You’ll learn about strategic analysis and the SWOT, competitor, and environmental analysis tools. Have fun building your strategy skillset!
Analyzing Industry Structure
Hello and welcome back. In this module, we’ll explore how to assess an industry’s structure and how the competitive dynamics in an industry affect profitability. We’ll go into depth with the five forces tool, a common and highly influential analytical framework. Happy analyzing!
Analyzing Firm Capabilities
Welcome! In this module, we’ll examine the tangible and intangible assets that form an organization’s strength. We’ll show you in depth how to complete a capabilities analysis and how to use this analysis to guide decision making. Happy analyzing!
Determining Competitive Position
Welcome to the final module. In these lessons, we’ll explore firms’ competitive positioning relative to rivals and analyze the advantages and disadvantages of four generic competitive positions firms occupy. We’ll use an easy and intuitive tool–strategy maps–to visually communicate information about firm positioning, and discuss which position is best for a particular firm to see maximum value. Happy analyzing!
Instructors
Michael Lenox
Senior Associate Dean and Chief Strategy Officer
University of Virginia
Jared Harris
Samuel L. Slover Research Chair in Business Administration
University of Virginia