Business Growth Strategy
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Business Growth Strategy
This course is part of Business Strategy Specialization
Instructors: Michael Lenox
49,130 already enrolled
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721 reviews
721 reviews
What you'll learn
How to identify and evaluate opportunities to scale an organization
How to enter new markets and apply game theory to analyze, assess, and respond to competitors
How to assess the impact of a potential merger and acquisition and avoid common pitfalls of this type of growth
How to unlock the keys to innovation, from building an innovative capability to adding value from innovation to determining an innovation strategy
Skills you'll gain
- New Business Development
- Market Share
- Mergers & Acquisitions
- Corporate Strategy
- Business Strategy
- Strategic Decision-Making
- Competitive Analysis
- Growth Strategies
- Market Opportunities
- Go To Market Strategy
- Innovation
- Risk Management
- Market Dynamics
- Organizational Strategy
- Business Valuation
- Consolidation
- Strategic Thinking
Details to know
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- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
There are 4 modules in this course
Get the tools you need to analyze, evaluate and recommend specific actions organizations can take to grow their value and avoid common growth pitfalls. In this course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, you will learn to determine how best to build value, whether by scaling existing markets, entering established markets or creating new markets through innovation and acquisitions.
Strategic growth is intentional, proactive, and consistent with a company's purpose. Taking advantage of economies of scale--growing a business by doing more of what it's already doing--is a conceptually easy but operationally complex approach to business growth. In this module, you will learn the Scenario Planning tool to identify and evaluate opportunities to scale an organization. With this tool, you'll have an effective means to understand when and where to grow and how to get there.
What's included
12 videos4 readings1 assignment
12 videosβ’Total 78 minutes
- Growth Strategyβ’5 minutes
- Why Grow?β’9 minutes
- Strategy and Growthβ’4 minutes
- Growth Alternativesβ’7 minutes
- Growth Risksβ’7 minutes
- Growth through Scalingβ’10 minutes
- Scenario Planningβ’5 minutes
- Scenario Planning Step 1β’6 minutes
- Scenario Planning Steps 2 and 3β’8 minutes
- Scenario Planning Steps 4 and 5β’6 minutes
- Module Lessonsβ’3 minutes
- Strategist's Toolkit: Scenario Planningβ’8 minutes
4 readingsβ’Total 40 minutes
- Course Overviewβ’10 minutes
- Course Requirementsβ’10 minutes
- Get to Know Your Classmatesβ’10 minutes
- Using the Discussion Forumsβ’10 minutes
1 assignmentβ’Total 40 minutes
- Growth through Scaling β’40 minutes
Growth through entry--whether by offering new products in existing markets or offering the same products in new markets--doesn't happen in isolation. Multiple firms compete for these markets and so any discussion of growth through entry has to look at the impact of rivalry. In this module, you'll learn how to apply game theory to analyze, assess, and respond to competitors. With the payoff matrices tool, you'll be able to evaluate options and determine an effective position.
What's included
8 videos1 assignment
8 videosβ’Total 48 minutes
- Entry and Rivalryβ’6 minutes
- Using Game Theory to Understand Rivalryβ’9 minutes
- Using Game Theory to Understand Cooperationβ’8 minutes
- Identifying Potential Rivalsβ’9 minutes
- Pre-entry Strategiesβ’5 minutes
- Post-entry Strategiesβ’7 minutes
- Module Lessonsβ’1 minute
- Strategist's Toolkit: Payoff Matricesβ’2 minutes
1 assignmentβ’Total 40 minutes
- Growth through Entryβ’40 minutes
Mergers and acquisitions (M&A) are common--but rarely successful--ways firms attempt to grow their business. In this module, we'll show you the pros and cons of M&A, suggest valid alternatives, and outline effective M&A strategies. Using the Acquisitions Analysis tool, you'll be able to assess the impact of a potential M&A and avoid common pitfalls of this type of growth.
What's included
12 videos1 assignment
12 videosβ’Total 65 minutes
- Growth through Acquisitionβ’7 minutes
- Pros and Cons of Acquisitionsβ’6 minutes
- Pitfalls of Growth Through Acquisitionβ’7 minutes
- Why Firms Overpay for Acquisitionsβ’6 minutes
- Alternatives to Acquisitionβ’7 minutes
- Identifying Successful Acquisition Opportunitiesβ’3 minutes
- Acquisition Analysisβ’6 minutes
- Strategic Benefit: Value of the Targetβ’2 minutes
- Avoiding Overpayingβ’4 minutes
- Acquisition Analysis: Opportunity Costsβ’7 minutes
- Module Lessonsβ’5 minutes
- Strategist's Toolkit: Acquisition Analysisβ’5 minutes
1 assignmentβ’Total 40 minutes
- Growth through Acquisitionβ’40 minutes
Introducing new ideas, processes, and products that disrupt the market is another common growth strategy. In this module, we'll unlock the keys to innovation, from building an innovative capability to appropriating value from innovation to determining an innovation strategy. Using the Real Options Analysis tool, we'll show you how to grow through innovation and good practices for doing so. The Intel Corporate Venturing case provides an opportunity for you to practice this tool and apply course concepts to a real-world scenario.
What's included
11 videos1 reading1 assignment1 peer review
11 videosβ’Total 51 minutes
- Growing through Innovationβ’7 minutes
- Innovation Strategiesβ’3 minutes
- Developing an Innovative Capabilityβ’7 minutes
- Keys to Innovationβ’4 minutes
- Organizing for Innovationβ’7 minutes
- Appropriating Value from Innovationsβ’2 minutes
- Intellectual Property Protectionβ’7 minutes
- Complementary Assetsβ’4 minutes
- Determining an Innovation Strategyβ’5 minutes
- Module Lessonsβ’1 minute
- Strategist's Toolkit: Real Options Analysisβ’2 minutes
1 readingβ’Total 15 minutes
- Assignment Overviewβ’15 minutes
1 assignmentβ’Total 40 minutes
- Growth through Innovationβ’40 minutes
1 peer reviewβ’Total 180 minutes
- Growth Strategy Analysisβ’180 minutes
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Reviewed on Jul 16, 2017
This is a very hands on section of the course, I really enjoyed diving into the growth strategies and analyzing my selected company
Reviewed on Jun 11, 2020
Gave a brief understanding about the ways to grow for a business and the frameworks associated with them. Also, the peer reviewed assignments are very nice.
Reviewed on Aug 23, 2020
Great course that looks into different growth strategies with information on some valuable tools that can be used broadly
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When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
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