Developing a strategy to outperform competitors is a fundamental skill in the strategic management process. Advanced Strategic Management expands the theoretical base established in the Strategic Management course, to examine phases two and three of the strategic management process –strategy formulation and strategy implementation. In the strategy formulation segment, students examine the distinction between business and corporate level strategy requirements and ensure the chosen strategy meets society’s ethical, social, and environmental sustainability expectations. Strategy implementation emphasizes superior strategy execution as another path to gaining competitive advantage. The course utilizes case studies and an expanded business simulation that incorporates the development of strategic plans.