week1_handouts - 42001 Competitive Strategy Thomas R Covert [email protected] Some logistics Syllabus Review syllabus carefully TA Office

week1_handouts - 42001 Competitive Strategy Thomas R Covert...

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42001: Competitive Strategy Thomas R. Covert [email protected]
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Some logistics
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Syllabus Review syllabus carefully
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TA & Office Hours TA: Edward Iancu ( [email protected] ) Please direct logistical/administrative questions to him I am also happy to meet students in person, about the course, strategy as an academic discipline, economics, your career choices… Send me an email and we can set up a time
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Course Materials REQUIRED − Course packet (HBS cases, notes, news articles) − All material distributed via Canvas OPTIONAL − Luís Cabral’s Introduction to Industrial Organization . − Useful reference for underlying economic ideas in strategy − Recommended if you didn’t take undergraduate IO
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Grading Class participation and case/reading memos: 40% In-class midterm: 25% Final exam: 35%
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Preparing for Class For each class, prepare to discuss readings and/or case(s) Weekly guides with study questions will be posted online Lecture slides will be posted after the last lecture of the week You must submit a 1 page written response to study questions − Hard limit. Edward won’t read past the first page − This is to help you think concisely Study groups of ≤ 3 students are OK − Do your own write-up, indicate who you worked with − All members should participate in discussion
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Participation Ideally , class discussion like a boardroom Concise answers − Backed up by evidence and logic Quantity and quality both matter Disagreement is encouraged No outside sources (except for personal career experiences) Cold calls, including case openers , randomly selected You can choose not to participate: put your name card face down or let me know ahead of time
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Midterm and Final Problems and short-answer questions Case distributed one week in advance Students will take exam during scheduled time Early exams are a logistical nightmare for Edward and me If you anticipate needing an early exam, talk to me ASAP
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Anything that has an airplane mode Use it in airplane mode Only use it for case materials, slides, and notes
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Honor code Do not discuss cases or assignments with anyone except your own personal study group Do not solicit or receive materials from students who have taken the class previously Do not discuss exam cases with anyone
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Topics and methods
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What is strategy? (1/3) “The determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals.” (Alfred Chandler, 1962) “Developing a broad formula for how a business is going to compete, what its goals should be, and what policies will be needed to carry out those goals.” (Michael Porter, 1980) “A framework for deciding what your firm should do” (Chicago)
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What is strategy? (2/3) “Strategic thinking is the art of outdoing an adversary, knowing that the adversary is trying to do the same to you.”
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