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15.902

Advanced Strategic Management

3-0-3 units · Graduate

Focuses on developing skills and applying frameworks for the conduct of competitive and corporate strategy. Develops tools from earlier core subjects, especially those from strategic marketing, organizational processes, innovation-driven advantage, and economics. Emphasis is placed on the role of strategic commitments, social networks, strategic coherence, and adapting to environmental and technological change. Restricted to MIT Sloan Fellows.

Fall 2006 · Strategic Management I

Topics

  • The Delta Model
  • Porter’s Frameworks and the Resource-Based View of the Firm
  • Customer Segmentation and Customer Value Proposition
  • The Firm as a Bundle of Competencies and Putting it All Together
  • Industry Structure and Competitive Interaction
  • The Decommoditization of a Business
  • Competitive Positioning
  • Sustaining Competitive Advantage
  • Competitive Dynamics
  • Putting it All Together: Integrating The Critical Tasks of Strategy
  • Corporate Strategy - The Core Concepts
  • Corporate Philosophy and Culture
  • General Principles of Organization Design
  • Human Resources Management and Knowledge Management
  • Business Processes: The Core Concepts and Managing the Global Supply Chain
  • Metrics of Value Creation
  • The Balanced Scorecard and Granular Metrics
  • Organizational Leadership

Readings

  • Hax, Arnoldo C., and Dean L. Wilde. The Delta Project: Discovering New Sources of Profitability . New York, NY: Palgrave, 2001. ISBN: 0312240465.
    Required
  • Hax, Arnoldo C., and Nicolas S. Majluf. The Strategy Concept and Process: A Pragmatic Approach . 2nd ed. Upper Saddle River, NJ: Prentice Hall, 1996. ISBN: 0134588940.
    Recommended
  • SES #: 1 · TOPICS: The Delta Model · Readings: Hax and Wilde. Chapters 1 and 2.
    Reading assignment
  • Porter, Michael E. “Towards a Dynamic Theory of Strategy.” Strategic Management Journal 12 (1991): 95-117.
    Listed reading
  • Grant, Robert H. “The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation.” California Management Review 33, no. 3 (1991).
    Listed reading
  • Hax and Wilde. Chapter 12.
    Listed reading
  • SES #: 3 · TOPICS: Customer Segmentation and Customer Value Proposition · Readings: Hax, Arnoldo C. “ Achieving the Potentials of Your Organization - How to Overcome the Dangers of Commoditization .” MIT Sloan Working Paper No. 4260-02. (September 2002). ↗
    Reading assignment
  • SES #: 4 · TOPICS: The Firm as a Bundle of Competencies and Putting it All Together · Readings: Hax and Wilde. Chapters 3-5.
    Reading assignment
  • SES #: 10 · TOPICS: Putting it All Together: Integrating The Critical Tasks of Strategy · Readings: Hax and Wilde. Chapter 6.
    Reading assignment
  • SES #: 11 · TOPICS: Corporate Strategy - The Core Concepts · Readings: Hax, Arnoldo, and Nicolas Majluf. “Corporate Strategic Tasks.” _European Management Journal_12, no. 4 (1994): 366-381.
    Reading assignment
  • SES #: 13 · TOPICS: General Principles of Organization Design · Readings: Galbraith, Jay R. “Linking Customers and Products - Organizing for Product and Customer Focus,” and “Structuring Global Organizations.” Chapters 2 and 4 in Tomorrow’s Organization . Edited by Susan A. Mohrman, Jay R. Galbraith, and Edward E. Lawler III. Jossey-Bass, 1998. ISBN: 0787940046.
    Reading assignment
  • SES #: 15 · TOPICS: Business Processes: The Core Concepts and Managing the Global Supply Chain · Readings: Hax and Wilde. Chapter 7.
    Reading assignment
  • Hax and Majluf. Chapter 17.
    Listed reading
  • “America’s Best and Worst Wealth Creators.” Fortune , December 18, 2000.
    Listed reading
  • “America’s Best and Worst Wealth Creators.” Fortune , December 10, 2001.
    Listed reading
  • Slywotzky, Adrian J., and Richard Wise. “The Growth Crisis and How to Escape It.” Harvard Business Review (July 2002): 72-83.
    Listed reading
  • Hax and Wilde. Chapters 9 and 10.
    Listed reading
  • Kaplan, Robert S., and David P. Norton. “Having Trouble with Your Strategy? Then Map It.” Harvard Business Review (September-October 2000): 167-176.
    Listed reading
  • Bartlett, C., and S. Ghoshal. Managing Across Borders: The Transnational Solution. Boston, MA: Harvard Business School Press, 2002.
    Listed reading
  • Brandenburger, A. M., and B. J. Nalebuff. Co-opetition . New York, NY: Doubleday & Company, 1996.
    Listed reading
  • Kim, W. Chan, and R. Mauborgne. Blue Ocean Strategy. Boston, MA: Harvard Business School Press, 2005.
    Listed reading
  • Christensen, C. The Innovator’s Dilemma: When Technologies Cause Great Firms to Fail . Boston, MA: Harvard Business School Press, 1997.
    Listed reading
  • ———. The Innovator’s Solution: Creating and Sustaining Successful Growth . Boston, MA: Harvard Business School Press, 2003.
    Listed reading
  • Collis, D., and C. Montgomery. Corporate Strategy: Resources and the Scope of the Firm. Westport, CT: Irwin Press, 1997.
    Listed reading
  • Cusumano, M. A., and C. C. Mardikes, eds. Strategic Thinking for the New Economy . Hoboken, NJ: Jossey-Bass, 2001.
    Listed reading
  • Foster, R., and S. Kaplan. Creative Destruction . New York, NY: Doubleday & Company, 2000.
    Listed reading
  • Galbraith, J. Designing the Global Corporation . Hoboken, NJ: Jossey-Bass, 2000.
    Listed reading
  • Ghemawat, P., D. Collis, G. Pisano, and J. Rivkin. Strategy and the Business Landscape. Upper Saddle River, NJ: Prentice Hall, 2001.
    Listed reading
  • Hamel, G., and C. K. Prahalad. Competing for the Future . Boston, MA: Harvard Business School Press, 1996.
    Listed reading
  • Hayes, R., G. Pisano, and D. Upton. Strategic Operations: Competing Through Capabilities . New York, NY: Free Press, 1996.
    Listed reading
  • Kaplan, R. S., and D. P. Norton. Strategy Maps: Converting Intangible Assets Into Tangible Outcomes . Boston, MA: Harvard Business School Press, 2004.
    Listed reading
  • Pfeffer, J. The Human Equation . Boston, MA: Harvard Business School Press, 1998.
    Listed reading
  • Porter, M. Competitive Advantage . New York, NY: Free Press, 1985.
    Listed reading
  • ———. The Competitive Advantage of Nations . New York, NY: Free Press, 1990.
    Listed reading
  • Prahalad, C. K., and V. Ramaswamy. The Future of Competition . Boston, MA: Harvard Business School Press, 2004.
    Listed reading
  • Reichheld, F. Loyalty Rules . Boston, MA: Harvard Business School Press, 2001.
    Listed reading
  • Saloner, G., A. Shepard, and J. Podolny. Strategic Management . New York, NY: John Wiley & Sons, 2001.
    Listed reading
  • Shapiro, C., and H. Varian. Information Rules . Boston, MA: Harvard Business School Press, 1999.
    Listed reading
  • Stern, J. M., and J. S. Shiely. The Eva Challenge: Implementing Value-Added Change in an Organization . New York, NY: John Wiley & Sons, 2001.
    Listed reading
  • Thompke, S. Experimentation Matters: Unlocking the Potential of New Technologies for Innovation . Boston, MA: Harvard Business School Press, 2003.
    Listed reading
  • Ulrich, D. Human Resource Champions . Boston, MA: Harvard Business School Press, 1997.
    Listed reading
  • Buy at MIT Press von Hippel, E. Democratizing Innovation . Cambridge, MA: MIT Press, April 2006. ISBN: 0262720477. ↗
    Listed reading

Prerequisites & course information

Prereq: Permission of instructor G (Spring; first half of term) Not offered regularly; consult department 3-0-3 units Credit cannot also be received for 15.714

Sources