Illinois Tech
Strategy & Economic Analysis Specialization
Illinois Tech

Strategy & Economic Analysis Specialization

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Priyanka Sharma
M. Krishna Erramilli

Instructors: Priyanka Sharma

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Get in-depth knowledge of a subject
4.7

(27 reviews)

Beginner level

Recommended experience

4 months to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Get in-depth knowledge of a subject
4.7

(27 reviews)

Beginner level

Recommended experience

4 months to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • How to develop strategic plans, foster innovation, lead teams, make data-informed decisions, and adapt to changing business environments.

Details to know

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Taught in English
Recently updated!

May 2025

71 practice exercises

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  • Learn in-demand skills from university and industry experts
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  • Develop a deep understanding of key concepts
  • Earn a career certificate from Illinois Tech

Specialization - 4 course series

Competitive Strategy

Competitive Strategy

Course 132 hours

What you'll learn

  • Analysis of a company's opportunities, threats, strengths and weaknesses.

  • Different types of competitive strategies and how to choose them.

  • How do today's companies achieve long term success and profitability.

Skills you'll gain

Competitive Analysis, Business Strategy, Cost Accounting, Market Analysis, Operations Management, Case Studies, Strategic Thinking, Value Propositions, Business Analysis, Organizational Strategy, Market Opportunities, Cost Reduction, and Strategic Decision-Making

What you'll learn

  • How to explain the basics of supply and demand curves.

  • How to characterize variable and fixed costs.

  • How to analyze short-run and long-run equilibria in competitive markets.

Skills you'll gain

Market Analysis, Supply And Demand, Game Theory, Decision Making, Market Dynamics, Economics, Business Strategy, Market Trend, Business Economics, Strategic Decision-Making, Cost Management, Competitive Analysis, and Operating Cost

What you'll learn

  • Disruptive Innovation

  • Blue Ocean Strategy

  • International Strategy

Skills you'll gain

Innovation, Business Strategy, Market Analysis, Product Lifecycle Management, Strategic Thinking, Competitive Analysis, Risk Analysis, Market Opportunities, Technology Strategies, Global Marketing, and New Product Development

What you'll learn

  • The economic concept of elasticity, and how to utilize it in making informed decisions on pricing products.

  • Sources of market power and how firms with market power set prices, segment customers, and customize prices to different segments.

  • Concepts in game theory, including simultaneous games, sequential games, auctions, and adverse selection issues.

Skills you'll gain

Business Economics, Game Theory, Strategic Decision-Making, Market Dynamics, Consumer Behaviour, Economics, Price Negotiation, Business Strategy, Market Analysis, Supply And Demand, Policy Analysis, Profit and Loss (P&L) Management, Competitive Analysis, and Strategic Thinking

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Build toward a degree

This Specialization is part of the following degree program(s) offered by Illinois Tech. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹

 

Instructors

Priyanka Sharma
Illinois Tech
2 Courses6,486 learners

Offered by

Illinois Tech

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