LEARNING OUTCOMES
Students will learn to
- understand the core elements of strategy formulation, such as analysis of the external environment, alternative creation, alternative evaluation, and choice
- understand how process-related choices influence the quality of strategy formulation and execution and apply this knowledge to make informed choices
- understand how psychological dynamics influence strategy formulation and execution and consider and reflect how they can improve the such psychological dynamics
- understand how structural factors influence strategy formulation and execution and make informed choices regarding structure
- understand how artificial intelligence and data-analytics might influence strategy formulation and execution and develop preliminary ideas of how they could be applied in practice
- apply their understanding in the planning of a case company strategy process
- use PowerPoint for presenting ideas concisely
In addition, students will learn to critically evaluate academic articles on management, develop their own ideas, and present them in a clear way
Credits: 6
Schedule: 17.09.2021 - 22.10.2021
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Timo Vuori, Joona Koistinen
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
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Must know:
- behavioral theory of the firm: how bounded rationality, organizational communication channels, and organizational structures and routines influence how strategy gets formulated and implemented
- attention based view of the firm: how attention-related dynamics influence strategy formulation and implementation
- basics in data-analytics and artificial intelligence and how they might be applied in organizations
- basics in understanding how emotions shape attention and behavior in organizations
Assessment Methods and Criteria
valid for whole curriculum period:
100% assignments
Workload
valid for whole curriculum period:
Contact teaching 25 h
Independent and group work 135 h
Total 160h (ECTS)
DETAILS
Study Material
valid for whole curriculum period:
Articles described in the syllabus
Other learning materials
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Max 60 students taken to the course. Note that the course is run twice per year (60 students in the fall + 60 students in the spring)
Students are admitted to the course in the following priority order: 1) MIB / Industrial Engineering and Management/ Global Management / CEMS 2) Exchange students 3) Other BIZ Master’s students 4) Other Aalto students
Teaching Period:
2020-2021 Autumn I, Spring IV
2021-2022 Autumn I, Spring IV
Course Homepage: https://mycourses.aalto.fi/course/search.php?search=21E00034
Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.