About this Course
In this course you will learn how organizations create, capture, and maintain value. In doing so, you’ll develop an understanding of how and why this process is fundamental for sustainable competitive advantage. You will be able to better understand value creation, and capture and learn the tools to analyze both competition and cooperation from a variety of perspectives, including the industry-level (e.g., five forces analysis) and the firm-level (e.g., business models and strategic positioning). You will be able to: - Understand how managers coordinate different functional areas, resources, and systems inside a company and align them with the external environment to enhance overall performance - Recognize strategic management tools and frameworks and apply them to real business contexts - Process diverse business and industry information to diagnose strategic issues, evaluate strategic alternatives, and formulate a coherent and actionable strategic plan This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/
What You'll Learn
- Explain how firm activities align with the environment to create performance
- Describe and apply strategic management tools for business models
- Apply strategic tools to business contexts for strategic insights
- Develop a coherent and actionable strategic plan based on analysis
Prerequisites
- Basic familiarity with the topic and its common terminology
- Readiness to practice through applied exercises or case-based work
Instructors
Deepak Somaya
Professor of Business Administration and Diane and Steven N. Miller Professor and Edwards Scholar