Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


The aim of the course is to learn to conceptualise complex business, management and organisational phenomena. The books give an overview of strategy making and renewal in the corporate context, with an emphasis on the competence and knowledge based approaches.

Credits: 6

Schedule: 19.09.2021 - 22.10.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Sari Yli-Kauhaluoma

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    The books expose the reader to the dynamics of strategic change in modern corporations and in industrial force fields. The first book in the list sketches the nature of the paradigm change from the closed to open innovation thinking and acting. The second book takes up the issue of disruption in a competitive arena and elaborates ways in which companies craft strategies to accomplish growth and innovation. The third book articulates the fundamentals of strategy through in-depth case illustrations.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    Exam according to the exam schedule (kuulustelujärjestys). Passing of each book required. Notes or books are not allowed in the exam. You may answer the essay questions either in English or in Finnish.

  • valid for whole curriculum period:

    156h preparation for the exam
    4h the exam


Study Material
  • valid for whole curriculum period:

    Compulsory books:

    Chesbrough, Henry W. (2003) Open innovation the new imperative for creating and profiting from technology. ISBN 1578518377;

    Christensen, Clayton M. et al. (2003) The Innovator s Solution. ISBN 1-57851-852-0;

    Rumelt, Richard (2011) Good Strategy, Bad Strategy: The Difference and Why It Matters. ISBN 978-0-307-88623-1

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure


Further Information
  • valid for whole curriculum period:

    Students are admitted to the course in the following priority order: 1) MIB/Open University students, 2) Other students.

    Teaching Period:

    2020-2021 Autumn I-I, Spring III-III, Spring V-V

    2021-2022 Autumn I-I, Spring III-III, Spring V-V

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.