The goal of this class is to use economic thinking and business practice to develop insights for business strategy and organization design. We will discuss strategies and organizations of companies, identify potential problems, and explore potential solutions. Some of the topics to be covered will be why many established companies find it hard to innovate (and what strategies can mitigate those problems), business-model innovation, and what economic and practical problems arise when companies need to stop projects. The course will be based on a mixture of formal and informal cases. The focus will be on discussing cases related to business strategy and not on developing new economic models.
2 units · GSB Letter Graded
The goal of this class is to use economic thinking and business practice to develop insights for business strategy and organization design. We will discuss strategies and organizations of companies, identify potential problems, and explore potential solutions. Some of the topics to be covered will be why many established companies find it hard to innovate (and what strategies can mitigate those problems), business-model innovation, and what economic and practical problems arise when companies need to stop projects. The course will be based on a mixture of formal and informal cases. The focus will be on discussing cases related to business strategy and not on developing new economic models.
Offered in Spring 2027 at Stanford University.