About This Course
This foundational course provides an in-depth understanding of how to design effective strategy processes and recognize fundamental market and technology changes in your industry. It will enable you to analyze shifting industry structures and develop new capabilities during times of transition.
What Students Will Learn
- Understanding of key concepts and theories in strategic management.
- Identification and arrangement of the building blocks of strategy into a cohesive process.
- Skills to analyze the dynamic structure of industries.
- Tools to renew or extend internal resources and capabilities, particularly in contexts of significant technological change.
Course Prerequisites
While there are no mandatory prerequisites, prior completion of courses such as MTI001x, MTI002x, MTI003x, and MTI004x is beneficial for better understanding and integration of the concepts presented.
Course Content
- The concept and significance of strategy in business.
- Analyzing industry structures and strategic positions.
- Understanding and developing internal resources and dynamic capabilities.
Who Should Enroll
This course is designed for professionals aiming to enhance their qualifications as Business Development Managers, Sales Managers, or Consultants. It is particularly beneficial for individuals from the Automotive, IT, Finance, Healthcare, Telecommunication, and Energy sectors.
Application of Skills in the Real World
Skills acquired in this course can be applied in strategic planning roles, enabling professionals to better navigate their companies through changing market landscapes and leverage internal capabilities for competitive advantage.
Course Syllabus
Week 1: The Concept of Strategy
- Exploration of strategy definitions and their evolution.
Week 2: Strategy Process
- Discussion on strategy models and strategic planning schools of thought.
Week 3: Industry Analysis
- Learning about market-based views and applying Porter’s Five Forces.
Week 4: Strategic Group Analysis
- Techniques for identifying strategic groups and success factors within industries.
Week 5: Internal Resources
- Detailed analysis of resource-based views versus market-based views.
Week 6: Dynamic Capabilities
- Developing capabilities to adapt to new technologies and market conditions.