Highly recommended course material. Really enjoyed solving the case studies. The learning from the course on different frameworks was immense. Also the feedback from the peers provided more insights.
After taking this course, I have learnt following,
Solutions to the business challenges under the study of 1st course, that we can have better results after setting and communicating cleared mission and vision according to the business model to the whole organization so that individual’s efforts can convert in to one FORCE towards the accomplishment of common objectives & sustainability of business model. And how to get internal coherence towards the business module and overall strategic fit within the organization and outside challenges under the definition of V A R S framework. A new thing to me that strategic intent for team can also play a vital role in high achievements.
Solutions to the business challenges under the study of 2nd course, for sustainably of business model and profitability the analysis of industry are most important to take corrective actions and future decisions. Study and understanding of PESTEL framework and Five Forces made more clarity to take relevant and correct decisions. There was lot of material and support to understand that how we can make a successful strategic fit between internal strength, activities and capabilities with external environment or requirements.
Solutions to the business challenges under the study of 3rd course, here in course it is an ample study, material, lecture and case study to understand that how we can keep sustainable competitive advantages to reduce or minimize the challenges of five forces which always keep the company’s profitability low or high cost of business. There is learning over best strategic fit of activities, resources and capabilities along best use of value chain and network chain to develop best economic value added.
Solution to the business challenges under the study of 4th course, there is the best-case study to understand the best application of generic strategies, after the study of this course we can make best use to determine the generic strategy but here we will apply the study of 2nd and 3rd courses as well. Cost leadership and differentiations both are back bone of current ear businesses, this study will support us a lot of over generic strategies and will lead towards strategy renewal as well while evaluating internally activities, resources and capabilities with external challenges. Now we are much confident after this study that we can identify stuck positioning of company, then can recommend over strategy renewal so accordingly to the industry to keep strategic positioning.
Summary,
Business strategy demonstrates the FIT among different activities, functions and capabilities within the company, enables the manager to add value and to capitalize business opportunities and helps to ALIGN internal strengths with the external environment for business sustainability. It briefs and guides over business strategic TOOLs that how a manger can use such well described frameworks and can ANALYSE environment & industry to DEVELOP competitive edges for sustainability and strategic positioning and leads towards strategy renewal in case of stuck in middle.