22641 Competitive Strategy
Competitive Strategy is concerned with managing the development and competitive position of the business enterprise in order to ensure its survival and long-term success. Every firm must create and sustain a competitive advantage if it is to survive and prosper. This course provides frameworks, tools and concepts to help students analyze and understand the creation and sustainability of competitive advantage.
Political, economic, demographic and social environments differ and evolve across industries. Industries differ in the extent to which they provide opportunities for sustained profitability. Industries also evolve over time, providing firms with continuously changing opportunities and threats. The first section of the course examines the external environment.
While industry analysis provides firms insights into what they must do to succeed, it does not shed much light on what they can do. Resource and capability analysis provides an insight into firms’ strengths and weaknesses (as they relate to the external environment). An understanding of internal strengths enables firms to fully exploit and build their capabilities to compete successfully, while an understanding of internal weaknesses suggests recommendations for improvement. The second section of the course focuses examines the internal environment.
Firms in an industry jockey for position through their actions and interactions. Every firm seeks to obtain a unique and sustainable competitive position through an appropriate configuration of its assets and products in relation to the external environment in order to generate superior value for its customers. The third section of the course examine competitive advantage, positioning and dynamics.
Duration: 28 June - 8 July 2021
Place: Faculty of Business and Economics, Peter Merian-Weg 6, Room: S15
Monday, 28 June 2021: 14:00 - 16:30
Tuesday, 29 June 2021: 14:00 - 16:30
Wednesday, 30 June 2021: 14:00 - 16:30
Thursday, 1 July 2021: 14:00 - 16:30
Monday, 5 July 2021: 14:00 - 16:30
Tuesday, 6 July2021: 14:00 - 16:30
Wednesday, 7 July 2021: 14:00 - 16:30
Thursday, 8 July 2021: 14:00 - 16:30
Solid understanding of business and economics on the BA level.
- Game Theory and Theory of the Firm (40106)
- Product Management (Produktmanagement, 10653)
- Advanced International Trade and Business (10625)
Prof. Jeffrey Macher
Professor of Strategy, Economics and Public Policy
McDonough School of Business,
Georgetown University,Washington D.C.