1) Business administration: Students should have a foundation in "general business administration" (e.g., a previous course Business Management or Entrepreneurship), with knowledge of general management concepts and frameworks, as well as the main functional areas in business (e.g., accounting, finance).

2) Economics: Students should have a foundation in "general economics" (e.g., a previous course Introduction to Economics or Macro/Micro-Economics), with knowledge of general economic principles, including macro- and micro-economic concepts. They should be familiar with important economic indicators (e.g., gross domestic product, inflation) and the market mechanism of supply and demand.

3) Collaboration and communication: Students should be able to collaborate productively in diverse teams and communicate at an academic level, both orally and in writing. They should be able to convey complex ideas and analyses clearly and coherently, and to effectively work with fellow students in tasks such as case analysis and discussion.

This course of 6 credits provides students with a deeper understanding of strategic analysis, strategy formulation and strategy implementation by studying commonly used concepts and frameworks from the strategic management literature and applying them to business cases as well as in a group project. The following topics are covered: strategy and the strategic management process / competitive advantage / external and internal strategic analysis / differentiation, cost leadership, and integration / the innovation process and platform approaches / vertical integration and diversification / strategic alliances, mergers, and acquisitions / globalization and internationalization / organizational design / corporate governance.