This course covers the range of alternatives and challenges companies face in deciding what businesses they should be in (and stay in) and then building and actively managing business portfolios which deliver attractive and sustainable returns from those strategic choices. It provides a comprehensive and critical review of the main concepts and analytical tools companies and consultants use in devising and evaluating corporate strategies. Coverage extends to merits and success factors of different strategic investment vehicles in building business portfolios—greenfield expansion, acquisitions, joint ventures, and corporate venture capital programs. Case examples are diverse with respect to company size, age, and business portfolio diversity. The primary target audience is those contemplating careers in general management, new business development, and strategy consulting. The course should also hold interest for those seeking careers in investment banking and private equity investing.