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Unlock essential business strategies in this comprehensive online course, covering organizational environments, competitive strategies, corporate level strategy, and innovation techniques.
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.
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?
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Business strategy is the cornerstone of any successful enterprise. It involves planning and decision-making that guides your business towards its goals. By understanding and applying strategic principles, you can gain a competitive edge, optimize your resources, and ensure long-term sustainability. Our free business strategy courses cover a wide range of topics, from market analysis and competitive positioning to strategic planning and execution.
Get started with the basics of business strategy. This course covers fundamental concepts such as SWOT analysis, competitive advantage, and strategic planning. Perfect for beginners looking to build a strong foundation.
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Understand your market and outmaneuver your competition. This course teaches you how to conduct thorough market analysis and develop competitive strategies that can help your business thrive.
Turn your strategic vision into reality. This course covers the entire strategic planning process, from setting objectives to implementing and monitoring your strategy.
Discover how innovation can drive your business strategy. Learn about the latest trends and techniques in innovation management and how to integrate them into your strategic planning.
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3 hours and 46 minutes of online video course
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