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Strategy and Economics


3.0 Credit, 3 Lecture, 0 Lab


Concepts and tools of strategic management, with an emphasis on the economic tools influencing the success of strategy in the development of sustainable competitive advantage.

Elements of Strategy

Understand the major elements of strategy and the drivers of competitive advantage.

Strategic Recommendations

Apply analytical models to complex business situations and generate strategic recommendations.

Analyzing Business Environments

Critically analyze the external and internal environments of a business organization and formulate appropriate strategies.

Problem Solving Skills

Use problem-solving skills to develop hypotheses about the effect of strategic decisions that lead to sensible conclusions.

Decision Making

Make appropriate decisions when formulating and implementing strategy.

Team Skills

Use team skills to actively participate in group projects and assume and exercise responsibility in a collaborative mode.

Effective Communication

Communicate effectively, both orally and in writing, concerning strategy concepts, models, and analyses.