Strategic Decision Making
Apply principles of economics and strategy to create a sustainable competitive advantage through cost/benefit analysis and actionable strategic decision-making frameworks.
This course leads you through a journey on key economics and strategy principles that enable you to assess the costs and benefits associated with strategic choices and make decisions to gain and sustain competitive advantage.
- Apply economic principles: Learn to use marginal analysis to make informed, data-driven decisions.
- Develop an executive mindset: Identify strategic positions and uncover sources of competitive advantages.
- Understand market dynamics: Analyze how monopolies, oligopolies, and other market structures impact business strategy.
- Immediate application: Apply key concepts and insights immediately to real-world business challenges.
- Directors, Senior Managers, Entrepreneurs, and recognized high-potential individuals in an organization.
- Managers and supervisors moving into positions with greater responsibility in business development and strategic planning
- Next-level leaders who are on the path to gaining additional responsibilities in business development and strategic planning
- Individuals seeking professional or entrepreneurial growth
- Professionals without prior formal economics or strategy expertise and/or who lack a formal business education background in economics or strategy
To be successful in highly competitive, uncertain, and complex business environments, managers must be able to identify competitive threats, assess the economic costs and benefits associated with strategic options, and evaluate the impact of various options on short-term and long-term profits. Managers rely on these assessments to select a course of action that will yield valuable competitive advantage for an organization. This course leads you through a comprehensive journey to establish key economics and strategy principles that will assist you in translating managerial economic analyses into competitive strategic tools. By the end of the course, you will have developed an analytical framework for making and understanding key strategic decisions at an organization.
Every aspect of our in-person and online programs is designed to deliver you a truly world-class experience.
World-renowned Ross faculty experts will guide you through the latest tools and frameworks to enhance your individual and team leadership capabilities while you engage with global participants across diverse industries.
Program directors work closely with faculty before, during, and after the program to ensure you achieve your objectives. Through dynamic, immersive learning experiences–including assessments, simulations, expert panels, and action-based applications–you’ll leave with an actionable plan to implement meaningful change in your organization.
Program managers facilitate a seamless transition between classroom and off-site activities and assist with anything you might need–ensuring your focus is on learning, not logistics.
For more program details, including topics and structure, download the program brochure.
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Learn from the same faculty who teach in our highly-ranked degree programs
- Receive a digital badge to showcase on LinkedIn and other social media platforms.
- Earn credit(s) toward the Distinguished Leader Certificate (DLC) for qualifying in-person or online programs. (Only one eligible online program can be counted toward the DLC.)