This course provides a framework and multiple analytic tools to analyze, value, and optimize the strategic asset and process decisions involved in configuring the "operating system" of the firm. Asset decisions include capacity sizing, expansion, flexibility and location. Process decisions include strategic sourcing, operational hedging, new technology and operating model selection. The focus is on value-creating decisions that are grounded in operational reality. A typical week covers one decision introduced first during a lecture, followed by an assignment (some in group, some individual) and then case-discussion. A final group project is due in week 10. There is no final exam.