Develop your ability to design and implement strategies that will help your company prosper in the digital age. In this course, developed by the Darden School of Business at the University of Virginia, Professor Mike Lenox will help you understand the critical function of strategic thinking in the digital age, the role of data and analytics in creating value, the challenge of establishing a dominant platform, the impact of digital technologies on competition, and the importance of appropriating value from innovation.
Digital Business Strategy
Gain insight into a topic and learn the fundamentals.
4.8
(79 reviews)
Beginner level
No prior experience required
5 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace
What you'll learn
How to assess an organization's digital transformation readiness by analyzing trends, evaluating competitors, and examining unique capabilities.
How to identify an organization’s position in the competitive lifecycle and anticipate future industry trends to inform strategic decisions.
How to envision an organization’s desired digital position while ensuring alignment with market trends and organizational strengths.
How to generate value-creating offerings, develop the necessary capabilities to execute their digital strategy, and secure sustained value.
Skills you'll gain
Details to know
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Assessments
4 assignments
Taught in English
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There are 4 modules in this course
We live in a fast-moving world where the start-of-the-art technology of today could be obsolete by next year and the pressure for organizations to digitally transform impacts virtually every industry and company. This week, we’ll explore the critical role of strategic thinking and the challenges and opportunities today’s organizations face with the rise of the digital age.
What's included
7 videos2 readings1 assignment1 discussion prompt
Platforms have been transformational in the digital age as they enable value-creating interactions between external producers and consumers. This week, we’ll explore the challenges presented by the rise of platforms, the ubiquity of network externalities, and the frequent presence of winner-take-all markets.
What's included
8 videos1 reading1 assignment
Competing in the digital age can often seem like a battle to be the last platform standing. However, the impact of digital technology is often subtler and more far-reaching. This week, we’ll explore new ways of creating and capturing value in a world where digital technologies are helping deconstruct value chains and creating new opportunities for organizations to compete.
What's included
7 videos1 reading1 assignment
The digital age has spawned a dynamic, hypercompetitive environment that places a primacy on innovation. However, successful organizations must be able to nimbly adjust to an every-changing competitive environment. This week, we’ll explore the importance of appropriating value from innovation by leveraging your organizations unique complementary capabilities and resources.
What's included
7 videos1 reading1 assignment
Instructor
Instructor ratings
5.0 (22 ratings)
Offered by
Recommended if you're interested in Business Strategy
University of Illinois Urbana-Champaign
University of Virginia
University of Michigan
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4.8
79 reviews
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Showing 3 of 79
MA
4
Reviewed on Oct 20, 2024
IT'S A VERY HELPFULL COURSE FOR MY CAREER THANK YOU
KM
5
Reviewed on Oct 12, 2023
A very informative and business-appropriate course.
KD
5
Reviewed on Dec 5, 2023
The content is very insightful and was easily able to grasp the concepts with the help of all the examples provided. Have recommended this course to my colleagues as well.
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