15 904 - Advanced Strategic Management

Institution:

Massachusetts Institute of Technology

Subject:

Description:

Builds on 15.900 and 15.902 to explore key concepts that have shaped "best practices" and logic in the field of strategic management and strategy consulting over the past several decades. Uses lectures, readings, case studies, and videos to review the evolution of strategy teaching and research, the role of randomness in strategic outcomes, strategic thinking versus planning, as well as enduring principles related to competitive advantage. Key themes include the role of platform strategies and services as well as capabilities, pull mechanisms, economies of scope, and flexibility, with examples from a variety of industries. Develops an understanding of what has made some firms successful in the past as well as what managers can do to compete in an uncertain future.

Credits:

3.00

Credit Hours:

Prerequisites:

Prereq: 15.900, 15.902, or permission of instructor

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

web.mit.edu/student/

Phone Number:

(617) 253-1000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Four-one-four plan

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