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Strategic Organization of Innovation: A Case-Based Introduction to Designing Innovative Companies

Archive StampProseminar Communication Economics

Prof. Nils Stieglitz

Course Overview

In today's fast-changing economy, conventional wisdom in management claims that companies need to be innovative to survive and prosper. What has proven critical for successful companies is the design of its organizational structure. The organizational structure largely determines how firms sense and seize innovative profit opportunities, benefit from the creative potential of their business environment and turn good ideas into value-creating products and services. The goal of this one-week intensive course is to offer a problem-driven introduction into the main challenges of the strategic organization of innovations.

Business cases will be used extensively to introduce relevant managerial problems, to provide empirical background for class room discussions and to allow students to practice their problem-solving skills. Cases will be primarily drawn from the information and communication technology industries (ICT) and might include companies like Apple, Facebook, Google, Intel, Kodak, Microsoft, Nintendo, Nokia, Tata Consultancy Services or Vodafone. Possible topics discussed in the course include closed and open innovation strategies, balancing the challenge of innovation (exploration) and efficiency (exploitation), strategic positioning, the design of incentive systems, managing new product development, real options and the evaluation of innovation projects.

Application

To apply, please send your CV and a recent transcript to Dainis Zegners (d.zegners@lmu.de) by 15.01.2013 (confirmation of participation: 29.01.2013).

Course Structure

Each session starts out with the presentation and discussion of a business case which highlights one or two major challenges in the management of innovations. The lecture material extends and broadens the lessons learned from the case discussion. In the afternoon, students (in groups) prepare the case study for the next session. Sessions are designed to be highly interactive, so it is important that all students are prepared for each session. The course is rounded off with a written, case-based examination.

Organization

General

  • The course is held as a one-week intensive course in English
  • Attendance to all lectures of the course is mandatory
  • Students are expected to have taken at least one introductory course in microeconomics, strategic management, organizational design or technology & information management that would have familiarized them with core problems and issues related to strategy and organization design
  • A more detailed course syllabus will be made available a few weeks before the course. A broad introduction to some of the topics discussed in the course is provided by Schilling, Melissa A. (2010): Strategic Management of Technological Innovation, McGraw-Hill, Irwin.
  • This seminar does not qualify for a Bachelor thesis according to the examination regulations (107 kB)
  • The number of participants is limited to 20
Dates Monday, 22.04.2013, 09:00-18:00, location tba
Tuesday, 23.04.2013, 09:00-18:00, location tba
Wednesday, 24.04.2013, 09:00-18:00, location tba
Thursday, 25.04.2013, 09:00-18:00, location tba
Friday, 26.04.2013, 09:00-18:00, location tba
Deadlines Tuesday, 15.01.2013 (Application)
Tuesday, 29.01.2013 (Confirmation of participation)
Tuesday, 05.02.2013 (Latest date to withdraw)
Credits 3 ECTS in module V/VII (PO 06) or M-BWL (PO 08)
Examination 60 minutes closed book exam