Among the critical tasks facing senior managers are the creation, implementation, and evaluation of a business unit’s strategy. This course seeks to provide the management student with tools and frameworks essential to carrying out these tasks. Many of these tools and frameworks will be based on recent advances in game theory, industrial organization, and organization theory, although the course will also draw from the older business policy tradition as well. Students who successfully complete this course will be able to analyze industries, identify areas of strategic advantage and disadvantage, and to devise strategies that exploit advantages and remedy disadvantages.