Programme Content
Inaction has always been risky in business, and today it is even more so as the business landscape sees increasingly rapid change. One of the most difficult business challenges executives face is creating a competitive advantage — and maintaining it. As businesses try to find a way forward, reinvention combined with a disciplined focus on strategy will be crucial for success.
Strategy and Management for Competitive Advantage helps you evaluate your current strategy and provides you with the tools to create and implement new strategies to compete in today’s rapidly changing marketplace.
Wharton faculty, led by Harbir Singh and Nicolaj Siggelkow — co-directors of the Mack Institute for Innovation Management — apply their field-based research and the latest strategic insights to help you broaden your perspective on how to make your organization more competitive. You will come away with well-tested tools and frameworks that will clarify and enhance your strategic thinking. This program will also prepare you to make the hard choices and tradeoffs that will be required to execute an effective business strategy that can advance and sustain your business operations during these current challenging times.
The program also introduces participants to Connected Strategy, a model based on the technology-driven ways firms are now able to connect with customers. Current economic forces have accelerated the need to adopt this method of building relationships with customers instead of depending on individual transactions.
The session on Connected Strategy is taught by pioneers in the field who also conduct research for Wharton’s Mack Institute for Innovation Management. This session will help you understand more deeply the business ramifications of connected strategies.
Through highly interactive lectures, exercises, and case studies, this deep dive into strategy will help you understand the latest developments in creating competitive advantage and apply them to your organization.
A highlight of the program is the Strategy Audit, a powerful tool that provides a systematic way to analyze your firm’s strategy through a comprehensive analysis. The audit will help you and your team assess both current and future strategic initiatives.
Additionally, exercises include mapping a firm’s “system of interconnected choices” to depict core and supporting activities and their interdependencies. These strategy maps help managers understand underlying trade-offs, prioritize resources, and anticipate the ramifications that arise when firms engage in change initiatives.
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