Competitive Strategy

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9/10 stars
based on  24 reviews
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Cost FREE
Start Date TBA

Course Details

Cost

FREE

Upcoming Schedule

  • TBA

Course Provider

Coursera online courses
Coursera's online classes are designed to help students achieve mastery over course material. Some of the best professors in the world - like neurobiology professor and author Peggy Mason from the University of Chicago, and computer science professor and Folding@Home director Vijay Pande - will supplement your knowledge through video lectures. They will also provide challenging assessments, interactive exercises during each lesson, and the opportunity to use a mobile app to keep up with yo...
Coursera's online classes are designed to help students achieve mastery over course material. Some of the best professors in the world - like neurobiology professor and author Peggy Mason from the University of Chicago, and computer science professor and Folding@Home director Vijay Pande - will supplement your knowledge through video lectures. They will also provide challenging assessments, interactive exercises during each lesson, and the opportunity to use a mobile app to keep up with your coursework. Coursera also partners with the US State Department to create “learning hubs” around the world. Students can get internet access, take courses, and participate in weekly in-person study groups to make learning even more collaborative. Begin your journey into the mysteries of the human brain by taking courses in neuroscience. Learn how to navigate the data infrastructures that multinational corporations use when you discover the world of data analysis. Follow one of Coursera’s “Skill Tracks”. Or try any one of its more than 560 available courses to help you achieve your academic and professional goals.

Provider Subject Specialization
Humanities
Sciences & Technology
4709 reviews

Course Description

This course is about the behavior of companies in competitive markets. Facing competition forces firms to look ahead and anticipate developments: If my rivals are likely to react to a price cut, I will have to take the expected reaction into account. We focus on such instances of “strategic interdependencies” in real business situations. We will first study the basic concepts of game theory as a toolbox with which we will then analyze strategic “games” in real-life settings. Rather than a set of checklists of “how-to-behave” in a number of prespecified situations, this course will teach you to think about business strategy in a systematic and exciting - and ultimately more successful - way! We will use our toolbox to address and analyze different decisions firms take: How do price wars happen and when do they end? When should I enter a market in which firms currently make high profits? What makes strategic partnerships work? Thes... This course is about the behavior of companies in competitive markets. Facing competition forces firms to look ahead and anticipate developments: If my rivals are likely to react to a price cut, I will have to take the expected reaction into account. We focus on such instances of “strategic interdependencies” in real business situations. We will first study the basic concepts of game theory as a toolbox with which we will then analyze strategic “games” in real-life settings. Rather than a set of checklists of “how-to-behave” in a number of prespecified situations, this course will teach you to think about business strategy in a systematic and exciting - and ultimately more successful - way! We will use our toolbox to address and analyze different decisions firms take: How do price wars happen and when do they end? When should I enter a market in which firms currently make high profits? What makes strategic partnerships work? These are just some examples of the questions we will discuss during the course. By the end of the course, you should be able to apply the concepts to pretty much any business situation. This course is complemented by [Advanced Competitive Strategy](https://www.coursera.org/course/advcompstrategy).
Reviews 9/10 stars
24 Reviews for Competitive Strategy

Ratings details

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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Student

10/10 starsTaking Now
3 years, 10 months ago
Excellent Topic. Professor teaches in a structured manner which makes it easier to follow. The examples given are great. Length of the lectures is good, would not mind if they were longer. Quizzes were very relevant and neither too hard or too simple.
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Adtya Agrwal profile image
Adtya Agrwal profile image
10/10 starsCompleted
  • 8 reviews
  • 8 completed
4 years, 7 months ago
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Pierre Monclos profile image
Pierre Monclos profile image
9/10 starsTaking Now
  • 1 review
  • 0 completed
4 years, 9 months ago
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Marc Romeu Bel profile image
Marc Romeu Bel profile image
7/10 starsCompleted
  • 9 reviews
  • 5 completed
4 years, 9 months ago
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Gwen M profile image
Gwen M profile image
10/10 starsCompleted
  • 11 reviews
  • 10 completed
5 years ago
This is an excellent introduction to competitive strategies. It covers all the fundamental economic concepts without going through the algebra: a very practical approach to the domain. I strongly recommend this course to anyone dealing with competition and product placement. The lecturer is highly knowledgeable and make this complex topic easy to understand! And, as an added bonus, you can get a view of some nice buildings in Munich :) I took this class with zero knowledge in the domain and I was able to follow without any difficulty (disclaimer: I studied Engineering in University).
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Fernando Fragoso F.F. profile image
Fernando Fragoso F.F. profile image
9/10 starsCompleted
  • 7 reviews
  • 7 completed
5 years, 1 month ago
Very interesting course. It's a broad approach about business strategy. Why firms do such things and what it brings in consequence. Use the matrix to predict actions and understand the game.
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H . profile image
H . profile image
10/10 starsCompleted
  • 11 reviews
  • 10 completed
5 years ago
This was an interesting, enlightening course. The lectures were engaging, the problem sets and final were fairly easy. I'm glad I took this course and I'm signing up for the follow-up Advanced Competitive Strategy course.
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Yalda Mohammadian profile image
Yalda Mohammadian profile image
8/10 starsCompleted
  • 6 reviews
  • 6 completed
5 years ago
Great introductory course on competitive strategy. Easy to follow without prior knowledge. Most definitions/ideas were explained clearly in the lectures, however in some cases a longer, more in depth explanation would have been preferable for me. Low weekly workload, however still very instructive.
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Goran Drobnjak profile image
Goran Drobnjak profile image
8/10 starsCompleted
  • 4 reviews
  • 4 completed
5 years, 1 month ago
It was my first course in game theory, and it was maybe to easy. Instructor was fantastic. length of lectures appropriate, study material sufficient, but quizzes were far to easy. I was expecting a bit more challenge, hence a 4 star grade.
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Andrew Ciszczon profile image
Andrew Ciszczon profile image
10/10 starsCompleted
  • 4 reviews
  • 4 completed
5 years, 1 month ago
The best MOOC course I have taken so far. The content was delivered clearly, concisely, and in an entertaining manner that gave the course a personality and let the professor show his. Really great! I especially like how the course itself was structured. The video lectures were made available on Fridays as opposed to Mondays, which I felt gave me extra time to squeeze the lectures during the weekend. The case study was a great exercise and maybe they can incorporate it into the grading via a peer assessed writing assignment. Can't wait for Advanced Competitive Strategy!
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AA profile image
AA profile image
10/10 starsCompleted
  • 5 reviews
  • 2 completed
5 years, 3 months ago
I really enjoyed this mixture of business and game theory ideas. The videos were great, full of interesting anecdotes and examples and the quiz-only workload very manageable.
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leonard mangini profile image
leonard mangini profile image
10/10 starsCompleted
  • 39 reviews
  • 37 completed
5 years, 1 month ago
Excellent production value, content, clear examples and breadth and depth of coverage. First of a 2 course sequence. Engaging lecturer with a sense of humor.
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Marcelo Soares profile image
Marcelo Soares profile image
10/10 starsCompleted
  • 16 reviews
  • 13 completed
5 years, 2 months ago
Nice course. Good pacing, and great explanations of quite sophisticated concepts in applied game theory. The stunning production of the videos helped Tobias drive his points home. Quizzes were challenging in the exact measure.
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Pasteur Tran profile image
Pasteur Tran profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
5 years, 9 months ago
In a nutshell – this course was both educational and entertaining. During the course when Tobias was talking about certain topics, he would subtly (or not so subtly) change the background to the theme he was talking about. Keeping you entertained but more importantly keeping you listening! It was a 6 week course – with an end of the week quiz, followed by a final exam quiz. Some key things that popped out of the course: \- We learned about the business ‘games’ played in competitive situations. \- Learned to understand the basis to why some companies end up co-operating and reasons to commit to certain practices. \- Understanding Complements – the economic consequences and why companies choose to have complements. \- Introduction to Market Entry, monopolies and strategies against and for entry. \- Understanding R & D, innovation and competition influences. \- Reasoning behind product design, differentiation and pricing. Overall it hel... In a nutshell – this course was both educational and entertaining. During the course when Tobias was talking about certain topics, he would subtly (or not so subtly) change the background to the theme he was talking about. Keeping you entertained but more importantly keeping you listening! It was a 6 week course – with an end of the week quiz, followed by a final exam quiz. Some key things that popped out of the course: \- We learned about the business ‘games’ played in competitive situations. \- Learned to understand the basis to why some companies end up co-operating and reasons to commit to certain practices. \- Understanding Complements – the economic consequences and why companies choose to have complements. \- Introduction to Market Entry, monopolies and strategies against and for entry. \- Understanding R & D, innovation and competition influences. \- Reasoning behind product design, differentiation and pricing. Overall it helped me get a simple grasp on ‘game’ theory applied to businesses and the decisions they have to go through. It was an interesting insight and the time invested is so small for something so big! I would greatly recommend this for anyone interested in understanding how businesses think and learning the process to certain decisions. Plus, Tobias has a great humour when presenting the lectures.
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sage profile image
sage profile image
8/10 starsCompleted
  • 3 reviews
  • 3 completed
5 years, 10 months ago
Quite good course on a very interesting topics.Take this a class. why- 1.lectures are good , of perfect length and matched with the quiz difficulty.
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Jorge Correia profile image
Jorge Correia profile image
10/10 starsCompleted
  • 2 reviews
  • 2 completed
5 years, 10 months ago
What was your prior experience with the subject? \- None How does this course compare to others? \- it s a well balanced course with a very interesting subject What did you like/dislike about the course? \- loved the humor of Pof. Tobias : ))
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Malika profile image
Malika profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
5 years, 10 months ago
This is my first introduction to game theory and I enjoyed it. It is self contained and the material was explained thouroughly and made simple. The course setting was also well done, refreshing and kept me going. Overall good course and I recommend it .
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Adena Schutzberg profile image
Adena Schutzberg profile image
10/10 starsCompleted
  • 2 reviews
  • 2 completed
5 years, 10 months ago
This was my first business course and my first game theory course, so the ideas and concepts were far outside my experience. I had to work hard on the quiz problems and go back and re-watch the lectures. I went through a LOT of paper drawing matrices and game trees. All that said, I learned quite a lot and enjoyed the challenge. The quizzes and final made you think. I liked the lectures, too. They were low key and it felt like you were just chatting with a friend who knew more about the subject than you do. I thought the whole tablet thing worked well; made the whole experience more intimate than someone speaking to, or in front of, slides.. I thought it was a great introduction for those who may go on in this area or for someone like me for whom this will be probably be my only course in competitive strategy.
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William Mcavoy profile image
William Mcavoy profile image
9/10 starsTaking Now
  • 2 reviews
  • 1 completed
5 years, 11 months ago
nicely done by prof. kretschmer and staff loved prof. teaching from a chair with i-pad highly informative material on the business world prisoners dilemma can be quite valuable tx again maybe a follow-up more advanced course in future
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Connie profile image
Connie profile image
9/10 starsCompleted
  • 10 reviews
  • 9 completed
5 years, 10 months ago
Prior Experience: Took Coursera's Game Theory Course 1) Easier than Game Theory with minimum Mathematics definitions and probabilities 2) Present concepts with real examples (German Airlines, Chocolate vendors to place advertisements in ET movie, etc) 3) Final exam and quizzes are not memorization of definitions. Some questions involve calculations to determine the correct strategy of business owner. Conclusion: Very interesting course and lecturer. Materials are well organized and easy to follow. Will definitely pursue similar business courses.
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Ricardo Teixeira profile image
Ricardo Teixeira profile image
9/10 starsCompleted
  • 86 reviews
  • 77 completed
5 years, 11 months ago
This is a fantastic introductory course on the amazing world of Game Theory and strategies in competitive settings. It is fantastic because it "looks & feels" great - the material is masterly prepared, it's fresh and fun, the lecturer is an amazing communicator, the videos never have a dull moment, the contents are solid economic science, and you get out of it feeling like you now know a lot about company interactions. Unfortunately, it's also introductory because if you're like me and you've had advanced training in Game Theory or related, this course will be too basic. I did have fun in the course - but I did not really learn anything radically new. Not surprisingly, the quizzes are indeed also a piece of cake. In sum, take the course if you never had previous exposure to the subject - I guarantee you'll learn. If you do know about this stuff, well... it can still be fun! I had a great time remembering old concepts, and so can you.
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Kingshuk Bhattacharya profile image
Kingshuk Bhattacharya profile image
10/10 starsTaking Now
  • 2 reviews
  • 1 completed
5 years, 11 months ago
A solid course.. Maybe not half as rigorous as Operations Management course by Penn or Finance by UMich, but equally interesting.. The course it totally self-contained, and the professor is very precise.. Lectures are shorter than most management course lectures, but good enough for an introductory level course.. The assignments are literal cakewalk..Just one thing, though I know it's a basic course, given the super-interesting topic, the LMU team could have given us a little more.. Maybe a couple of more weeks, or a bit more explanations, trivia, or case studies!
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Usman Lakhani profile image
Usman Lakhani profile image
10/10 starsCompleted
  • 10 reviews
  • 6 completed
5 years, 11 months ago
Outstanding course. Outstanding content. Outstanding delivery. The videos are 10 minutes each with at most with the concept explained in the first couple of minutes and then good examples provided. The professor has a clear succinct manner in which he explains the ideas and then follows up with modern day examples. The quizzes are not a cake walk if you dont listen to the lectures clearly and pay attention but that should not be a problem since the lectures are a pleasure to watch. Fantastic course. I just hope this team develops a more advanced version of the concept of competitive strategy.
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Brijrajsinh Gohil profile image
Brijrajsinh Gohil profile image
10/10 starsCompleted
  • 6 reviews
  • 6 completed
5 years, 9 months ago
This is really a topic of my interest ! It is very well explained by the LMU professor. He's really great! Cool Course!
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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.