Syllabus • Review syllabus carefully
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
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
Grading • Class participation and case/reading memos: 40% • In-class midterm: 25% • Final exam: 35%
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
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
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
Anything that has an airplane mode • Use it in airplane mode • Only use it for case materials, slides, and notes
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
Topics and methods
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)
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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