[ 973SIMDSMDS19 ] SE Strategic Management in dynamic and complex environments

Workload Education level Study areas Responsible person Hours per week Coordinating university
4 ECTS M1 - Master's programme 1. year Business Administration Waldemar Kremser 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites KS Creating Strategic Advantages
Original study plan Master's programme Management 2022W
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 platform markets. [professional/practical skills]
  • LO4: Formulate and present a concise, insightful analysis which exposes issues logically and coherently. [transferable skills]
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.
Criteria for evaluation A maximum of 100 points can be achieved in the seminar. To pass the seminar, students have to acquire at least a passing grade in the following assessment categories:

1.) Presentation of a keystone paper in one of the five topic-centered seminars (group effort) The presentation is worth 30 points, with 15 points necessary for a passing grade. Grading criteria are presentation style and content.

2.) Analysis of a case study as a take-home exam (individual effort) The case analysis is worth 70 points, with 35 points necessary for a passing grade. Grading criteria are problem identification (systematic & concise), choice of concepts/models/theories to be applied (appropriateness & fit), mentioning of relevant insights about these concepts/models/theories (correct & concise), proposed solution (logically consistent with analysis & operational & realistic)

3.) Reflection of simulation exercise (individual effort) Each student will write a short (1 page) reflection on their lessons learnt from the simulation exercise. Grading will be pass/fail. Grading criteria are structure (clear & understandable) and integration (explicit relations to specific insights from five topic-centered seminars)

4.) Pre-structured text commentaries (individual effort) Each student will write a short (1/2 page) commentary based on guided reading questions provided by the lecturer on each of the keystone papers that they do not present themselves. Grading will be pass/fail. Grading criteria are writing style (clear & understandable) and understanding (correct answers)

Methods In addition to self-directed learning, the teaching and learning methods include seminar exercises, student presentations, simulation exercises, and case analysis.
Study material Relevant materials and a complete list for readings can be retrieved from Moodle and/or will be announced in class.
Changing subject? No
Further information none
On-site course
Maximum number of participants 25
Assignment procedure Assignment according to priority