Free online courseBusiness Strategy

Duration of the online course: 3 hours and 46 minutes

New course

Unlock essential business strategies in this comprehensive online course, covering organizational environments, competitive strategies, corporate level strategy, and innovation techniques.

Course Description

The "Business Strategy" course is a comprehensive journey into the world of strategic management designed to provide you with critical insights and actionable knowledge. Spanning 3 hours and 46 minutes, this course falls under the Business Administration category, specifically within the Management subcategory. Although there are no reviews yet, the depth and breadth of the subjects covered make it a valuable resource for those looking to deepen their understanding of business strategy.

The course kicks off with "Module 1: Organisational Environment." Here, you will be introduced to the essentials of business strategy and explore the macro environment of an organization using the PESTEL framework. This module also delves into the industry context through Porter's Five Forces Framework, continuing with a deeper analysis and understanding of the industry life cycle. An intriguing aspect of this module is "Blue Ocean Thinking," which focuses on competitor analysis and helps you identify uncharted market spaces.

Moving on, "Module 2: Strategic Capabilities" introduces the strategic capabilities of organizations, laying the foundation for understanding essential competencies. You will learn how to assess these capabilities using the VRIN model and further explore an organization’s value chain and value network. This module concludes with a SWOT analysis, equipping you with tools to evaluate and improve business performance.

"Module 3: Business Strategies" offers a robust examination of various competitive strategies. Starting with generic competitive strategies, this module guides you through cost-leadership and differentiation strategies, as well as focus strategy. A notable feature in this module is "The Strategy Clock," which provides a unique perspective on competitive positioning. The emphasis on interactive competitive strategies and game theory adds an analytical dimension to your strategic thinking, preparing you for dynamic market challenges.

The course continues with "Module 4: Corporate Level Strategy," where you will learn about different strategic directions and explore the drivers and effectiveness of diversification. This module also covers vertical integration and portfolio matrices, giving you a comprehensive view of corporate-level strategic decisions and their implications.

Finally, "Module 5: Innovation" addresses the critical aspects of innovation in business strategy. Here, you will confront innovation dilemmas, understand the process of innovation diffusion, and study the roles of innovators and followers in the marketplace. This module underscores the importance of innovation in sustaining competitive advantage and long-term business success.

In sum, the "Business Strategy" course is a meticulously structured program aimed at equipping you with both foundational and advanced strategic management skills. Whether you're a seasoned professional or new to the field, this course offers invaluable insights to help you navigate through complex business landscapes and elevate your strategic acumen.

Conteúdo do Curso

  • Video class: 1.0 Introduction to Module 1: Organisational Environment

    0h00m

  • Exercise: In the introductory video to the first module, what is the first aspect of the 'onion model' that will be discussed?

  • Video class: 1.1 Introduction to Business Strategy

    0h09m

  • Exercise: What does the 'long-term' aspect of a business strategy imply for entrepreneurs?

  • Video class: 1.2 Macro Environment of Organisation (PESTEL framework)

    0h10m

  • Exercise: Which of the following frameworks is used for analyzing the macro environment in business strategy?

  • Video class: 1.3 Industry of Organization (Porter Five Forces Framework)

    0h18m

  • Exercise: According to Porter's Five Forces framework, which factor does NOT contribute to barriers to entry in an industry?

  • Video class: 1.4 Porter´s Five Forces Continued

    0h10m

  • Exercise: Which of Porter's Five Forces refers to the pressure competitors can exert on each other's prices and margins due to aggressive and frequent interactions?

  • Video class: 1.5 Industry Life Cycle

    0h10m

  • Exercise: Which stage in the industry life cycle is characterized by strong competition and a need for cost control and economies of scale?

  • Video class: 1.6 Blue Ocean Thinking (Competitor Analysis)

    0h04m

  • Exercise: What does the 'blue ocean' concept in business strategy refer to?

  • Video class: 2.0 Introduction to Module 2: Strategic Capabilities

    0h01m

  • Video class: 2.1 Strategic Capabilities of Organisations

    0h07m

  • Exercise: What exactly are 'dynamic capabilities' in the context of business strategy?

  • Video class: 2.2 VRIN Model For Assessing Organisations Capabilities

    0h12m

  • Exercise: Which component of the VRIN model relates to whether the capabilities of an organization provide a competitive advantage that is sustainable and not easily duplicated by others?

  • Video class: 2.3 Organisation´s Value Chain and Value Network

    0h06m

  • Video class: 2.4 SWOT Analysis

    0h06m

  • Exercise: What final step must be taken in a SWOT analysis to develop strategic options?

  • Video class: 3.0 Introduction to Section 3: Business Strategies

    0h01m

  • Exercise: In module three of the course, what type of business strategies will be primarily discussed?

  • Video class: 3.1 Generic Competitive Strategies

    0h08m

  • Exercise: What is the primary reason for defining Strategic Business Units (SBUs) in larger organizations?

  • Video class: 3.2 Cost-leadership Strategy

    0h11m

  • Exercise: Which of the following is NOT one of the four key drivers that can help deliver a cost leadership strategy?

  • Video class: 3.3 Differentiation Strategy

    0h07m

  • Exercise: What is a key approach to achieving a differentiation competitive strategy according to the video?

  • Video class: 3.4 Focus Strategy

    0h06m

  • Exercise: What is a focus strategy in the context of business strategy?

  • Video class: 3.5 The Strategy Clock

    0h03m

  • Exercise: Which of the three competitive strategies detailed in the strategic clock model aims to combine extremely low production costs with distinctive benefits perceived as premium by customers?

  • Video class: 3.6 Interactive Competitive Strategies

    0h09m

  • Exercise: What should a well-established firm consider when faced with the entry of a low-cost competitor in their industry?

  • Video class: 3.7 Game Theory for Business Strategy

    0h08m

  • Exercise: Which principle does game theory encourage in the context of business strategy?

Business Strategy

Free online courses on Business Strategy

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This free course includes:

3 hours and 46 minutes of online video course

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