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Learner Reviews & Feedback for Foundations of Strategy by IE Business School

4.7
stars
23 ratings

About the Course

Strategy is a complex field and intrinsically related to economics. In this first week of this course you will learn the basic logic of how firms and markets function by using economic logic from a distinctly strategic perspective. The economic logics discussed in the first week have shaped the field of strategic analysis from very early on. Porter’s Five Forces – probably the most well-known strategic analysis tool – directly builds on the notion of market structures and helps us to get a deeper understand of how the competitive environment affects the ability of firms to generate true economic profits. In this week, we´ll look at how Porter's Five Forces are related to market structures, economies of scale, and begin to touch on how firms leverage these to create competitive advantage. Week three, we will move away from exclusively considering the external structure of an industry as the source of competitive advantage and instead focus our view on the internal resources and capabilities within firms – and the associated “resource based view” to look at how internal resources and capabilities play out in competitive situations. Looking through the lens of the five forces at the industry, or through that of the resource-based view at firm internal resources and capabilities, feels a bit like swings of a pendulum – and, indeed, strategic theory and practice over the last decades has veered from a near-exclusive focus on the environment to being entranced by firms’ core capabilities. However, to get the full picture of where your firm stands (and where it and its industry may move) requires us to consider both of these perspectives! In this final week we will work on this crucial integration by building our understanding of what a competitive advantage truly is – and what distinct forms it can take. This Course is primarily aimed at Coursera learners interested in exploring an IE Masters program and at professionals interested in building their business skills....
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1 - 8 of 8 Reviews for Foundations of Strategy

By Sarah N

•

Oct 6, 2022

transcripts were not always correct. I also was not able to access one assignment that was in week 3.

By Victor A M C

•

Jan 20, 2023

Great introduction to strategy!

By Kristina L

•

Aug 28, 2022

it was a great course!

By Omodiaogbe S

•

Aug 25, 2022

Excellent course.

By DADAS O

•

Oct 31, 2022

SUPER

By MADAN H M A S

•

Mar 2, 2023

جيد

By KHALIL Y

•

Oct 31, 2022

O

By Adnan S

•

Feb 11, 2023

Dr. Carls German English took some effort and a few rewinds to understand :D Naturally some transcription was wrong as a result. Clarity could be better if less exclamations & comments were used in-between concepts & sentences.

Most readings took longer time than specified, though I enjoyed diving deep with understanding.

External exercises had some misplaced or missing text, slightly superfluous English (ie...not concise), thus difficult to understand from first read. Took more time than allocated. Overall course took more time than shown in study plan.

Also some typos in quizzes. Ex. On one quiz, the question asked to select the "false statement from below", while the correct answer was about selecting the "true statement" instead.

Content introduced useful concepts, I could not find a course that provided similar content. Much gratitude and Thanks to Dr. Carl and all who contributed to educating us from the convenience of our busy lives. Thank you.

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