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There are 4 modules in this course
Get the tools you need to analyze, evaluate and recommend specific actions organizations can take to grow their value and avoid common growth pitfalls. In this course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, you will learn to determine how best to build value, whether by scaling existing markets, entering established markets or creating new markets through innovation and acquisitions.
Strategic growth is intentional, proactive, and consistent with a company's purpose. Taking advantage of economies of scale--growing a business by doing more of what it's already doing--is a conceptually easy but operationally complex approach to business growth. In this module, you will learn the Scenario Planning tool to identify and evaluate opportunities to scale an organization. With this tool, you'll have an effective means to understand when and where to grow and how to get there.
What's included
12 videos4 readings1 assignment
Show info about module content
12 videos•Total 78 minutes
Growth Strategy•5 minutes
Why Grow?•9 minutes
Strategy and Growth•4 minutes
Growth Alternatives•7 minutes
Growth Risks•7 minutes
Growth through Scaling•10 minutes
Scenario Planning•5 minutes
Scenario Planning Step 1•6 minutes
Scenario Planning Steps 2 and 3•8 minutes
Scenario Planning Steps 4 and 5•6 minutes
Module Lessons•3 minutes
Strategist's Toolkit: Scenario Planning•8 minutes
4 readings•Total 40 minutes
Course Overview•10 minutes
Course Requirements•10 minutes
Get to Know Your Classmates•10 minutes
Using the Discussion Forums•10 minutes
1 assignment•Total 40 minutes
Growth through Scaling •40 minutes
Growth through Entry
Module 2•1 hour to complete
Module details
Growth through entry--whether by offering new products in existing markets or offering the same products in new markets--doesn't happen in isolation. Multiple firms compete for these markets and so any discussion of growth through entry has to look at the impact of rivalry. In this module, you'll learn how to apply game theory to analyze, assess, and respond to competitors. With the payoff matrices tool, you'll be able to evaluate options and determine an effective position.
What's included
8 videos1 assignment
Show info about module content
8 videos•Total 48 minutes
Entry and Rivalry•6 minutes
Using Game Theory to Understand Rivalry•9 minutes
Using Game Theory to Understand Cooperation•8 minutes
Identifying Potential Rivals•9 minutes
Pre-entry Strategies•5 minutes
Post-entry Strategies•7 minutes
Module Lessons•1 minute
Strategist's Toolkit: Payoff Matrices•2 minutes
1 assignment•Total 40 minutes
Growth through Entry•40 minutes
Growth through Acquisition
Module 3•2 hours to complete
Module details
Mergers and acquisitions (M&A) are common--but rarely successful--ways firms attempt to grow their business. In this module, we'll show you the pros and cons of M&A, suggest valid alternatives, and outline effective M&A strategies. Using the Acquisitions Analysis tool, you'll be able to assess the impact of a potential M&A and avoid common pitfalls of this type of growth.
Introducing new ideas, processes, and products that disrupt the market is another common growth strategy. In this module, we'll unlock the keys to innovation, from building an innovative capability to appropriating value from innovation to determining an innovation strategy. Using the Real Options Analysis tool, we'll show you how to grow through innovation and good practices for doing so. The Intel Corporate Venturing case provides an opportunity for you to practice this tool and apply course concepts to a real-world scenario.
What's included
11 videos1 reading1 assignment1 peer review
Show info about module content
11 videos•Total 51 minutes
Growing through Innovation•7 minutes
Innovation Strategies•3 minutes
Developing an Innovative Capability•7 minutes
Keys to Innovation•4 minutes
Organizing for Innovation•7 minutes
Appropriating Value from Innovations•2 minutes
Intellectual Property Protection•7 minutes
Complementary Assets•4 minutes
Determining an Innovation Strategy•5 minutes
Module Lessons•1 minute
Strategist's Toolkit: Real Options Analysis•2 minutes
1 reading•Total 15 minutes
Assignment Overview•15 minutes
1 assignment•Total 40 minutes
Growth through Innovation•40 minutes
1 peer review•Total 180 minutes
Growth Strategy Analysis•180 minutes
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A premier institution of higher education, The University of Virginia offers outstanding academics, world-class faculty, and an inspiring, supportive environment. Founded by Thomas Jefferson in 1819, the University is guided by his vision of discovery, innovation, and development of the full potential of students from all walks of life. Through these courses, global learners have an opportunity to study with renowned scholars and thought leaders.
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Learner reviews
4.7
720 reviews
5 stars
79.61%
4 stars
17.33%
3 stars
2.08%
2 stars
0.13%
1 star
0.83%
Showing 3 of 720
A
AJ
5·
Reviewed on Sep 28, 2018
This is a solid strategy course where you'll learn about grown through scaling, new market entry, acquisition, innovation and performance excellence.
K
KB
5·
Reviewed on Jun 11, 2020
Gave a brief understanding about the ways to grow for a business and the frameworks associated with them. Also, the peer reviewed assignments are very nice.
M
MM
5·
Reviewed on Oct 3, 2020
learned about how to manage innovation and how to appropriate gains from innovation. most importantly learnt about how to incentivize innovation as a leader in the firm
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.