
Industry Analysis and Competitive Strategy
Code: 102312 ECTS Credits: 6| Degree | Type | Year |
|---|---|---|
| Business Administration and Management | OT | 4 |
| Economics | OT | 3 |
| Economics | OT | 4 |
Contact
- Name:
- Miguel Angel Garcia Cestona
- Email:
- miguel.garcia.cestona@uab.cat
Teachers
- (External) Elisa Del Sordo
Teaching groups languages
You can view this information at the end of this document.
Prerequisites
There are no specific prerequisites.
The course is self-contained, although it incorporates previously studied concepts primarily from Business Economics and Strategic Management, and utilizes some basic concepts from Microeconomics. The course has a clearly applied focus, pursuing an assessment of a company's strategic performance. In this sense, it seeks to show how theoretical concepts, which may initially seem complex, can be easily applied to analyze business and industrial reality.
Objectives and Contextualisation
At the end of the course, the student is expected to have achieved a series of objectives, among which is the knowledge of the concepts and instruments commonly used in industrial analysis. The subject also seeks a good understanding of the company's mechanisms for generating value and transforming, partially or totally, this value into business profits.
Other more advanced objectives are the evaluation of the business competitive strategy, the quantification of value creation associated with the strategy, and the understanding of value sharing and appropriation mechanisms.
Competences
- Business Administration and Management
- Capacity for adapting to changing environments.
- Capacity for independent learning in the future, gaining more profound knowledge of previous areas or learning new topics.
- Capacity for oral and written communication in Catalan, Spanish and English, which enables synthesis and oral and written presentation of the work carried out.
- Delegate decision making to the workers and provide them with the necessary incentives so that those decision arte taken in the interest of the company as a whole.
- Demonstrate initiative and work individually when the situation requires it.
- Identify company competition, how they interact among themselves and the optimum strategies that can be drawn up in each case to stimulate competitivity.
- Identify the positive contributions that companies make to society, developing socially responsible management and encouraging the development of objective instruments that allow for the measurement and valuation of such contributions.
- Lead multidisciplinary and multicultural teams, implementing new projects and coordinating, negotiating and managing conflicts.
- Organise the work in terms of good time management, organisation and planning.
- Select and generate the information necessary for each problem, analyse it and take decisions based on that information.
- Take decisions in situations of uncertainty, demonstrating an entrepreneurial and innovative attitude.
- Economics
- Apply theoretical knowledge to improve relations with clients and suppliers, identifying the advantages and disadvantages of those relations for both sides: company and client or supplier.
- Delegate decision making to the workers and provide them with the necessary incentives so that those decision arte taken in the interest of the company as a whole.
- Demonstrate knowledge of the processes for the implementation of company strategies.
- Identify company competition, how they interact among themselves and the optimum strategies that can be drawn up in each case to stimulate competitivity.
- Transmit company, department or work objectives clearly.
- Value ethical commitment in professional practice.
Learning Outcomes
- A capacity of oral and written communication in Catalan, Spanish and English, which allows them to summarise and present the work conducted both orally and in writing.
- Adapt the formulation and implementation of strategies to different settings, family companies or recently-created companies.
- Analyse the main motivation systems in companies.
- Apply knowledge about market structures to identify companies' possible competitors and the ways in which they can compete with each other.
- Apply the processes of formulating strategies to specific cases.
- Assess ethical commitment in professional activity.
- Assess the effect of different strategies on the competitiveness of a company.
- Assess the importance of long-term commercial relationships with clients (relationship marketing).
- Assess the interaction between strategic formulation and the internal organisation of companies.
- Assess the main marketing concepts and tools.
- Back up business strategy decisions.
- Capacity to adapt to changing environments.
- Capacity to continue future learning independently, acquiring further knowledge and exploring new areas of knowledge.
- Classify the different ways in which a company can compete.
- Demonstrate initiative and work independently when required.
- Design effective motivation policies.
- Draft business plans.
- Explain the origin and assess companies' contribution to social welfare.
- Identify the differences in the marketing applied to different economic sectors or types of organisations.
- Lead multidisciplinary and multicultural teams, implement new projects, coordinate, negotiate and manage conflicts.
- List the basic stages and processes in the formulation and implementation of a business strategy.
- List the main competitors of a company.
- Make decisions in situations of uncertainty and show an enterprising and innovative spirit.
- Organise work, in terms of good time management and organisation and planning.
- Perform a critical assessment of the economic efficiency and distribution of wealth problems generated by companies.
- Relate the business strategy to the objectives of the company and its breakdown into departments or units.
- Select and generate the information needed for each problem, analyse it and make decisions based on this information.
Content
The subject considers the firm as the basic unit of analysis. Its main objective is to contribute to the understanding of how the firm generates value and which are the causes that explain the difference in the value generated between firms. Accordingly, we use the concept of business models, which is increasingly being used in the field of strategic management. With the notion of business model (and/or strategy), we try to highlight the strong association between the organization and its environment, the importance of being able to correctly identify both internal and external organizational factors, eventually finding out the corresponding interrelationships. The course will not stay in the abstraction domain. It claims that it is possible to apply theoretical concepts, so that they become useful instruments for business strategy and, by extension, to the industries to which they belong to. The subject also develops benchmarking tools based on economic concepts.
1. Competitive Environment: Industry, Market, and Structure
2. Internal Organization, Strategy, and Value Creation
3. Corporate Rivalry: Pricing and Differentiation
4. Vertical Organization, Alliances, and Corporate Strategy
5. Dynamic Competition and Digital Markets
6. Corporate Governance, Leadership, and Current Issues
Activities and Methodology
| Title | Hours | ECTS | Learning Outcomes |
|---|---|---|---|
| Type: Directed | |||
| Classroom sessions | 17 | 0.68 | |
| Lectures | 32.5 | 1.3 | 3, 4, 5, 7, 14, 22, 18, 11, 19, 26, 25, 9 |
| Type: Supervised | |||
| Tutorials | 10.5 | 0.42 | 3, 4, 5, 7, 16, 19, 26, 10, 9 |
| Type: Autonomous | |||
| Study of theoretical concepts, solving exercises and working out of cases | 83.5 | 3.34 | 3, 4, 5, 7, 16, 19, 26, 10, 9 |
The course aims at analyzing business strategic decisions within an industry context, and within the rigorous framework provided by the economic theory.
This implies that we need to:
1. Discuss basic concepts and theories: This is going to be developed through classroom sessions and additional readings.
2. Work out problems and practical exercises to reinforce the understanding of previously discussed concepts: Practice sessions will be carried out in the classroom.
3. Apply concepts to analyze specific real problems: This will be done through case studies and other examples from economic newsmedia.
For this course, the use of Artificial Intelligence (AI) technologies is allowed exclusively in support tasks, such as bibliographic or information searches, text correction or translations and the preparation of debates. For activities with exercises, two documents will be requested: one without AI intervention and another with the help of AI. Students must clearly identify which parts have been generated with this technology, specify the tools used and include a critical reflection on how they have influenced the process and the final result of the activity. The lack of transparency of the use of AI in this assessable activity willbe considered a lack of academic honesty and may lead to a partial or total penalty in the grade of the activity, or greater sanctions in serious cases.
The proposed teaching methodology may undergo some modification depending on the dynamics of the group. In the course we will use flipped classrooms and gamification as innovative teaching methodologies. The subject places great importance on face-to-face learning and active student participation.
Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.
Assessment
Continous Assessment Activities
| Title | Weighting | Hours | ECTS | Learning Outcomes |
|---|---|---|---|---|
| collection problem sets, debates, class presentations | 30% | 3 | 0.12 | 2, 3, 4, 5, 7, 12, 1, 13, 14, 15, 16, 17, 22, 21, 18, 11, 19, 20, 24, 23, 26, 27, 25, 6, 10, 8, 9 |
| Final Exam | 40% | 2 | 0.08 | 2, 3, 4, 5, 7, 12, 1, 13, 14, 15, 16, 17, 22, 21, 18, 11, 19, 20, 24, 23, 26, 27, 25, 6, 10, 8, 9 |
| Midterm | 30% | 1.5 | 0.06 | 2, 3, 4, 5, 7, 12, 1, 13, 14, 15, 16, 17, 22, 21, 18, 11, 19, 20, 24, 23, 26, 27, 25, 6, 10, 8, 9 |
The course assessment will consist of:
A final exam (please consult the Faculty's academic calendar). In this exam the student will be assessed on the basis of all the concepts discussed throughout the course. This exam is essentially envisaged as a filtering device to pass the course, with a minimum mark of 3.0 (three point). In case that the mark obtained in the exam is 3.0 (three point) or more, the examination mark will count as much as 40% of the course final mark. The remaining 60% will be based on the student's performance during the course.
If the mark of the final exam is lower than 3.0 (three point), this is the course final mark.
The course is passed when the final mark is equal or higher than 5.0 (five).
Student's performance during the course. A good performance throughout the course requires: i) class attendance and student active participation. Class attendance will be monitored and is expected to be no less than 80%; (ii) a partial examination (midterm) with a maximum weight of 30% and (iii) programmed exercises and activities. They consist of (iii.1) a collection of problems that covers the main topics of the subject with a maximum weight of 15%. These problem sets can be solved by a group of 2 or 3 students; (iii.2) the Activity: create your own exercise, is compulsory although its maximum weight is 15%. Important: this activity is mandatory and it is not possible to pass the course if the Activity: create your own exercise is not submitted, regardless of the mark of the final exam and the rest of assignments of the subject. In the event the Activity:create your own exercise is not submitted, the course final grade will be 3.0 and the course will be failed. This is an individual activity. The student shows what he/she has learned and how it can be used as a tool for analyzing the industry reality and the competitive advantage among firms. All these aspects (i) classattendance, (ii) midterm exam and (iii) the delivery of programmed exercises and activities will be supervised during the course and result in a mark, which count for as much as 60% (30%+15%+15%) of the course final mark.
Anyone who does not appear for any evaluable test will be considered as "not evaluable". Therefore, anyone who does any continuous assessment component will no longer be able to receive a "non-evaluable".
At the end of the course the final mark will be disclosed. The student final mark is the result of weighting the three aspects object of evaluation: the final exam (minimum mark of 3.0 and course final in the case of a lower mark); the midterm exam and the collection of problem sets and the mandatory activity (create your own exercise). The weight of the exam is 40% and the weight of the collection of problems, the midterm exam and the activity is the remaining 60%.
A re-evaluation will be held for those students who, having not passed the course, have obtained a course final mark between 3.0 and 4.9.
The re-evaluation will consist of doing another final exam, comprising all the concepts developed during the course. The student's performance during the course will not be re-evaluated. The final mark of the re-evaluation process is only given by the re-evaluation exam.
As a result of the re-evaluation the maximum course mark will be 5.0 (five).
This subject does not include a unique evaluation system.
Calendar of evaluation activities
Bibliography
Books:
- Besanko, D., Dranove, D., Shanley, M., Schaefer, S. (2017), Economics of Strategy, 7ª ed., Wiley.
- Spulber, D. (2009), The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations, Cambridge University Press.
- Additional References:
Grifell-Tatjé, E. and C.A.K. Lovell (2015), Productivity Accounting. The Economics of Business Performance. Cambridge University Press: New York.
Porter, M. (1998), Competitive Strategy y “What is Strategy?” (HBR).
Shapiro, C. & Varian, H. (1999), Information Rules, Harvard Business Press.
Tirole, J. (1988), The Theory of Industrial Organization, MIT Press.
They are the last available editions.
Software
The subject will provide the solfware if needed.
Groups and Languages
Please note that this information is provisional until 30 November 2025. You can check it through this link. To consult the language you will need to enter the CODE of the subject.
| Name | Group | Language | Semester | Turn |
|---|---|---|---|---|
| (PAUL) Classroom practices | 4 | English | first semester | morning-mixed |
| (TE) Theory | 4 | English | first semester | morning-mixed |