Abstract
Despite the popularity of strategy courses and the fact that managers make consequential decisions using ideas they learn in such courses, little is known about the effects of taking a course in strategy. This paper is the first large-sample study of the effects of taking a strategy course. We examine how 2,269 MBA students analyze real-world video cases before and after taking the MBA strategy core course at a large US business school. We document several changes in terms of students’ performance, mental representations, and self-perceptions. Among other findings, we show that taking a strategy course improves strategic decision-making performance, increases the depth of mental representations as well as the attention paid to broader industry and competitive concerns, and boosts students’ confidence while making them more aware of the uncertainty that pervades strategic decisions.
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