Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Online Course

Foundations of Business Strategy

University of Virginia via Coursera

Overview

Develop your ability to think strategically, analyze the competitive environment, and recommend firm positioning and value creation. In this course, developed at the Darden School of Business at the University of Virginia, top-ranked faculty will help you explore the underlying theory and frameworks that provide the foundations of a successful business strategy and provide the tools you need to understand that strategy: SWOT, Competitor, Environmental, Five Forces, and Capabilities Analyses, as well as Strategy Maps.

Syllabus

Introduction to Strategic Analysis
-Welcome to the first module in the Foundations course. In this module, we'll discuss the meaning and importance of business strategy to an organization's competitive positioning. You'll learn about strategic analysis and the SWOT, competitor, and environmental analysis tools. Have fun building your strategy skillset!

Analyzing Industry Structure
-Hello and welcome back. In this module, we'll explore how to assess an industry's structure and how the competitive dynamics in an industry affect profitability. We'll go into depth with the five forces tool, a common and highly influential analytical framework. Happy analyzing!

Analyzing Firm Capabilities
-Welcome! In this module, we'll examine the tangible and intangible assets that form an organization's strength. We'll show you in depth how to complete a capabilities analysis and how to use this analysis to guide decision making. Happy analyzing!

Determining Competitive Position
-Welcome to the final module. In these lessons, we'll explore firms' competitive positioning relative to rivals and analyze the advantages and disadvantages of four generic competitive positions firms occupy. We'll use an easy and intuitive tool--strategy maps--to visually communicate information about firm positioning, and discuss which position is best for a particular firm to see maximum value. Happy analyzing!

Taught by

Michael J. Lenox

Tags

Related Courses

Reviews

4.0 rating, based on 21 reviews

Start your review of Foundations of Business Strategy

  • Vijayakumar Menon N completed this course, spending 4 hours a week on it and found the course difficulty to be medium.

    Hi. FOBS is one of the courses I have enjoyed learning most. Globalization and liberalization has increased the uncertainty in the business environment. Any organization that wants to survive and grow on a continuous basis needs strategic management....
  • Scott Orr completed this course.

    Compared to the other courses I've taken, Foundations of Business Strategy proved much less time-consuming, with required readings limited to very short chapters from a forthcoming book by Lenox (and when I say "short", I mean it's more a pamphlet than...
  • Krassimir Kostadinov

    Krassimir Kostadinov completed this course.

    The course gives a basic tool-set for analysis of competitive positioning of a firm. It introduces a nice set of fairly visual tools which might be helpful for a presentation at management level. Experienced lecturer! It touches very briefly upon interesting...
  • School is Broken

    School is Broken completed this course.

    Michael Lenox of UVA’s Darden School of Business puts together a very basic business strategy course for students who have no experience in the field at all. The lectures are clear, succinct, short, but lack depth. But I believe that was Lenox’s intention, as the course was designed for people with no background, and it is perfect for them.

    The final assignment was probably the only worthwhile exercise. It could have been more beneficial if there was more detailed feedback on the assignment, but regardless it was good practice using the toolkit.
  • Anonymous

    Anonymous completed this course.

    Great class especially in that it includes actual consulting work being done - you apply directly what you learned in the course to a real-world problem situation of a company partnering with the course.
  • Anonymous

    Anonymous completed this course.

    It's a very nice course to start with, It might seem too easy for those with more knowledge in the subject, but I think that it's a very good start for those of us that just started exploring the Business subject.
  • Pete Olds completed this course, spending 3 hours a week on it and found the course difficulty to be easy.

    It's hard to find good intro courses on business strategy...but this was typical high University of Virginia / Coursera standard
  • Anonymous

    Anonymous completed this course, spending 3 hours a week on it and found the course difficulty to be medium.

    You have to see this video improve your skills about business strategies and read about it, its will helps you.
  • PABLO SCHEJTMAN

    PABLO SCHEJTMAN completed this course, spending 4 hours a week on it and found the course difficulty to be easy.

  • Yassin Dobiaa completed this course.

  • Christian Bisk Vismara completed this course.

  • Adtya completed this course and found the course difficulty to be easy.

  • Andrei Holban completed this course.

  • Huang Ying Ting is taking this course right now.

  • John Walsh

    John Walsh completed this course.

  • Rebecca Kelapile

    Rebecca Kelapile is taking this course right now.

  • Profile image for Zoltan  Sánchez
    Zoltan Sánchez

    Zoltan Sánchez completed this course.

  • Moayad completed this course.

  • Pedro Teixeira completed this course.

  • Hengchew Chan completed this course.

Never stop learning Never Stop Learning!

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free