The Wharton School

Strategy and Management for Competitive Advantage

The Wharton School

Strategy and Innovation

About Programme

Good strategy is about making tough choices, and this becomes even more important during these current challenging economic times. Emphasizing the importance of strategic leadership, Strategy and Management for Competitive Advantage presents a comprehensive approach to strategy development that stresses the importance of trade-offs and fit in achieving and sustaining a competitive advantage.

Participants of this strategy program will discuss a variety of options for growth — including alliances, acquisitions, and internal corporate ventures — and leave with well-tested tools and frameworks to clarify and enhance their strategic thinking.

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.

Additional session topics include:

Sources of Competitive Advantage
Leadership and Strategic Thinking
Corporate Strategy and Acquisitions
Managing Strategic Alliances
Leveraging Business Ecosystems
Connected Strategy
Managerial Decision-Making
Strategy and Environmental Sustainability
Connected Strategy Through GenAI

Programme Audience

Strategy and Management for Competitive Advantage is designed for mid-level to senior-level executives responsible for strategy planning, implementation, and business development. Executives who are moving into this role and wish to get a head start on the process will also benefit.

Participants in this program are a diverse group of strategy leaders from varied industries, backgrounds, and geographies who share their biggest challenges with the class. Faculty tailor the program content to address these issues, so participants enjoy a learning experience that truly resonates with them and meets their learning needs.

Participants leave the program with an expanded peer network, plus specific tools and frameworks they can use to make a meaningful strategic impact within their companies or organizations.

Fluency in English, written and spoken, is required for participation in Wharton Executive Education programs unless otherwise indicated.

Participants by Industry

Participants by Job Function

Participants by Region

This program is held at the Steinberg Conference Center located on the University of Pennsylvania campus in Philadelphia. Meals and accommodations are included in the program fees. Learn more about planning your stay at Wharton’s Philadelphia campus .

To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group-enrollment benefits to companies sending four or more participants.

Programme Benefits

Understand the general drivers that create and sustain competitive advantage
Enhance your ability to assess the strategic impact of your competitors’ moves and learn how to maintain competitive advantage
Start the process of mapping your organization’s system of interconnected choices
Tailor the planning process to the needs of individual business units
Coordinate strategy across multiple lines of business
Develop new strategies that connect more continuously with customers

Testimonials

"Wharton. Who in business has not heard the name and desired to learn at the institution? No matter how many years we have served in leadership roles, few business schools capture our imagination as does Wharton. In my own career journey, I have served two global trade associations, one global consultancy, and most recently a senior living and health care services organization. My responsibilities have included strategy, revenue growth, marketing, and communications. The Wharton Strategy and Management for Competitive Advantage program for executive education was a perfect fit and exceeded every expectation I had. My expectations were not slight. My graduate degree is from Northwestern University, and I have attended several programs at the renowned Center for Creative Leadership. If you want to be invigorated and depart with vision for innovation and practicality to support implementation, then attend a Wharton program. Every day after you will apply at least one valuable learning to your organization and your career."

Lindsay Hutter

Chief Strategy & Marketing Officer, Goodwin House Inc.

"I’ve worked in the power sector my entire career. When I joined Cuestamoras in 2014, it was to establish an energy company and grow the business regionally in Central America and Mexico. I attended Wharton’s Competitive Advantage program after I began to see a change in the dynamics of the energy markets in the region — government policy initiatives were leading to an expansion of renewable generation, and coupled with lower international oil prices, power prices were dropping to 50 percent of what they used to be. We needed to rethink our day-to-day business strategy. My industry is capital intensive — it’s based on a long-term view since you are looking at assets that have lifespans of up to 25 years, and in the case of some renewables, upwards of 50 years. These market dynamics require a more structured way of looking at short-term volatility and other changing factors. Wharton’s Competitive Advantage program gave me a framework to engage people who are involved on the team to reevaluate our commercial strategy to determine how best to establish and maintain a competitive advantage over the next 10 years. Two other corporate executives took the course after me and we are now implementing the competitive advantage methodology in all three of our businesses. It’s been implemented in two — energy and health/pharma — with the urban development business to follow next. Wharton professors gave us methodologies and frameworks we were able to apply practically through case studies. This program is ideal for small companies or startups facing a lot of competition and looking for ways to execute a sustainable strategy that will differentiate them from competitors."

Alden Kitson

Director General, Cuestamoras Energía, Guatemala

"A key takeaway of Wharton’s program is focusing on the structure of the strategy process and how to arrive at a strategic decision — how to best outline, prioritize, and present a strategy to the leadership team and to decision makers to move that strategy to the next level. The framework and decision models we learned were very beneficial. At Hershey Entertainment & Resorts we own and operate a number of businesses, all located in Hershey, Pennsylvania. These businesses include an amusement park, luxury hotel, conference center hotel, camping resort, country club, spa, independent restaurant group, AHL hockey team, and other entertainment and leisure businesses. Our biggest challenges are the market dynamics and the continually changing business landscape — in our case, guest expectations married with our financial expectations as we look at how to continue to grow and what areas to grow in. How do we position our businesses that best leverage our strengths, and how can we expand on those business strategies? The day before I left to attend Wharton, we finished our budget for 2016, so the timing was perfect to go out and start applying these concepts. I would recommend this program to decision makers who have multiple businesses, or leaders whose scope crosses a lot of different landscapes. For example, IT would be a great fit to attend this kind of program."

Brian O’Day

General Manager, The Hotel Hershey, Hershey Entertainment & Resorts

"I recently took on a new strategy role covering our U.S. operations, and I wanted a refresh of my strategic planning skills and some more up-to-date frameworks. The quality of Wharton’s faculty really stood out — they were incredibly impressive, very experienced and engaging teachers. There were a lot of good leadership lessons coming from the content. Those leadership lessons stuck with me, and I refer back to those all the time in terms of how I approach a particular issue or problem in the organization and my ability to influence people to make the right decision. At AXA US we have a very growth-oriented strategy focused on how to grow our business within key customer segments. We believe the opportunity we have in this market, and the demand for our products and services, has never been greater. We have a pretty large regulatory change coming that is still uncertain and we expect will cause challenges across the industry. I’ve applied frameworks used in Wharton’s class to practical problems and opportunities we face – the frameworks have enabled me to draw different conclusions than I would have traditionally done without the course. I would definitely recommend this program to senior people who are transitioning into a strategy role."

James Goad

Principal, Head of America’s Health and Benefits Practice, Aon Inpoint

"The week I spent in this program was one of the more productive weeks of my career. The program is a near-perfect blend of diverse faculty, current and relevant theory, and solid fundamental strategic analysis. The tools I acquired will pay dividends for years to come."

Shane Peery

Chief Financial Officer, Cherokee & Walker, Inc.

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Strategy and Management for Competitive Advantage | The Wharton School