This course is concerned with the long-term competitive advantages of the business organization. The course focuses on identifying and analyzing factors in the industry and external and internal environment of the firm with the goal of formulating and implementing strategies and structures. The strategic maneuvering by firms and its implications will be discussed. Operational issues around structural forms, control processes, power and politics, quasi-internal markets, managing innovation and change, and reversing organizational decline will be addressed. The perspective adopted in this course is that of upper level management with overall responsibility for the performance of the organization or a unit of the organization. Required for the General Management Concentration.