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POLECON 231: Strategy Beyond Markets

Business performance is determined not only by a firm¿s commercial strategy with respect to consumers and competitors, but also by its strategic interactions with nonmarket players like politicians, regulators and bureaucrats. The success of private investments is arguably more closely tied to firm strategy in this realm beyond markets in lower income countries, where the ¿rules of the game¿ that shape market competition are typically less formalized, more unpredictable, and subject to fewer institutional checks and balances. At the same time, some of the greatest opportunities for firms arise in environments where markets are weak or in the presence of market failures. The purpose of the course is to gain a better understanding of what goes on beyond the market and develop a set of tools to analyze it, drawing on cases from a variety of countries around the world, including the U.S., India, Argentina, Brazil and Zambia.
Terms: Win | Units: 3
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