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| Detailed information |
| Pre-requisites |
KS Creating Strategic Advantages
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| Original study plan |
Master's programme Management 2024W |
| Objectives |
This course aims to:
- Introduce students to the core idea of dynamic complexity in its various expressions (vicious and virtuous circles, feedback complexity, path dependence).
- Equip students with a general understanding of different approaches to strategic renewal and strategic management in platform markets.
- Enable students to integrate and apply theoretical concept and models in a team-based simulation.
Learning outcomes
On successful completion of this course, the students will be able to:
- LO1: Compare insights on dynamic complexity from different literatures. [cognitive/analytical]
- LO2: Apply relevant theory to different cases, contexts, and fields. [cognitive/analytical]
- LO3: Experiment with different approaches to strategic management in digital platform markets. [professional/practical skills]
- LO4: Formulate and present a concise, insightful analysis which exposes issues logically and coherently. [transferable skills]
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| Subject |
This course is concerned with the important challenges of strategic management in dynamic and complex environments. Students will develop an in-depth understanding of the central mechanisms behind some of the biggest challenges to successful strategic management in a world that is in constant flux, full of ambiguities and increasingly complex. The course proceeds in three parts. In the first part, we will develop an understanding of the nature of the challenge – which could be labelled as dynamic complexity – by learning about self-reinforcing dynamics, feedback complexity and path dependence. In the second part, we will look into research about the managerial implications of dynamic complexity in the internal and external environments of organizations. We will learn about several approaches to strategic renewal as well as how strategic management changes in a world of platforms. In the third and final part, we will apply some of the lessons learnt in a simulation exercise where students will form teams to compete in a multi-sided platform market.
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| Criteria for evaluation |
A maximum of 100 points can be achieved in the seminar. To pass the seminar, students have to regularly attend the seminars (missing a max of 2 seminars) and acquire at least a passing grade in the following assessment categories:
1.) Pre-structured text commentaries (individual effort)
Each student will write four short (1/2 page) commentaries based on guided reading questions provided by the lecturer on keystone papers of the topical seminars (N° 2-5). Grading will be pass/fail. Grading criteria are writing style (clear & understandable) and understanding (correct answers)
2.) Presentation of Causal Loop Diagram during 2nd extended seminar (group effort)
The presentation is worth 40 points, with 20 points necessary for a passing grade. Grading criteria are presentation style and content.
3.) Seminar paper (group effort)
The seminar paper is worth 60 points, with 30 points necessary for a passing grade. Grading criteria are CLD presentation (systematic & concise), choice of concepts/models/theories to be applied (appropriateness & fit), proposed solutions (logically consistent with analysis & operational & realistic)
Synchronization of learning outcomes and assessments:
- LO1: Seminar paper
- LO2: Presentation, Seminar paper
- LO3: Presentation, Seminar paper
- LO4: Text commentaries, Presentation, Seminar paper
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| Methods |
In addition to self-directed learning, the teaching and learning methods include seminar exercises, student presentations, simulation exercises, and case analysis.
- 7 x 1,5h seminars
- 2 x 3,25h simulation exercises
- 20h seminar paper (case analysis)
- 62h independent study
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| Language |
English |
| Study material |
Relevant materials and a complete list for readings can be retrieved from Moodle and/or will be announced in class.
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| Changing subject? |
No |
| Further information |
For quality assurance and improvement purposes, please participate in all JKU course evaluations and surveys!
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
973SIMDSMDS19: SE Strategic Management in dynamic and complex environments (2019W-2024S)
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