(LAWA-4060) - 3 UNITS

This course presents the fundamentals of business strategy to a legal audience. The class sessions include both traditional lectures and business-school case discussions. The lecture topics and analytical frameworks are drawn from MBA curriculums with the cases are selected for both their business strategy content and their legal interest.

The main course material is divided into four parts. The first part presents the basic frameworks for the analysis of strategy. The second part is concerned with organizational and contractual responses to agency problems. The third part takes a broader view of business associations, considering the horizontal and vertical scope of the firm and the advantages of hybrid organizational forms such as franchising and joint ventures. The fourth part covers special topics in competitive strategy. Since the lectures and assignments focus on abstract frameworks and theoretical approaches, some familiarity with economic reasoning is assumed.