This course examines the underlying economics of successful business strategy: the strategic imperatives of competitive markets, the sources and dynamics of competitive advantage, managing competitive interactions, and the organizational implementation of business strategy.
The course combines case discussion and analysis (approximately two thirds) with lectures (one third). The emphasis is on the ability to apply a small number of principles effectively and creatively, not the mastery of detailed aspects of the theory. Grading is based on class participation and online case quizzes (35%), case write-ups (25%), and a take-home case-based exam (40%). The course offers excellent background for all consultants, managers and corporate finance generalists.
Eli Ginzberg Professor of Finance and Economics; Chair of Economics Division
Wouter Dessein is currently the chair of the Economics Division and the Eli Ginzberg Professor of Finance and Economics at Columbia Business School. He is also Editor-in-Chief of the Journal of Law, Economics and Organizations, and an Associate Editor of the American Economic Journal: Microeconomics. Dessein's research interests center on the economics of organizations: the allocation of decision-rights in organizations, the organizational structure...