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Strategy Area Ross School of Business: 2010

Strategy Area Ross School of Business: 2010. Strategy at Michigan. THE TOP TEN SCHOOLS IN SELECTED CATEGORIES Financial Times , January 28 2008 & 2009 Best in corporate strategy 1 University of Michigan: Ross 2 Harvard Business School 3 Ipade 4 Northwestern University: Kellogg

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Strategy Area Ross School of Business: 2010

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  1. Strategy AreaRoss School of Business: 2010

  2. Strategy at Michigan • THE TOP TEN SCHOOLS IN SELECTED CATEGORIES • Financial Times, January 28 2008 & 2009 • Best in corporate strategy • 1 University of Michigan: Ross • 2 Harvard Business School • 3 Ipade • 4 Northwestern University: Kellogg • 5 Yale School of Management • 6 HEC Paris • 7 Georgetown University: McDonough • 8 City University: Cass • 9 IE Business School • 10 Washington University: Olin

  3. The Economics Tradition: Optimizing Rationality What explains persistent performance differences across firms? Economic Explanations Porter \ Bain\Williamson IO • Firms are economic, profit-maximizing entities • Pursue various strategies such as differentiation, cost leadership, innovation, diversification, vertical integration in different industrial contexts • Hence, performance differences are a function of • Industry structure • Firm strategies • Firm scope

  4. Behavioral Traditions: The Limits of Optimizing Rationality Does the firm have a single objective function? Garbage can? Political coalition? Can the firm be regarded as a pure economic entity? Collection of “people” What explains persistent performance differences across firms? Economic Explanations Behavioral Explanations Under conditions of bounded rationality and complexity can the firm really optimize? Can firms really execute “optimal” strategies even if they discover them?

  5. Strategy – Field Overview2008 Organizational Power and Politics Industry Structure Firm Performance Social & Cognitive Processes Firm Strategies Behavioral Explanations Economic Explanations Complexity Management Firm Scope Competitive Dynamics Strategy Execution Dynamics

  6. Strategy Electives: for 2010-2011 Corporate Level Strategy Business Level Strategy Strategy Implementation Special Topics STR 672 Strategies for Growth STR 669 Adv Competitive Analysis STR 669 Adv Competitive Analysis STR 553 IP Strategy STR 682 Mergers & Acquisitions STR 675 Business Models STR 566 Systems for Sustainable Devlpmt STR 681 Strategic Mgmt of Alliances STR 574 Strategic Mgmt Consulting STR 623 Global Strategy STR 584 Business in Asia

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