This is a course on creating a business to attack a social problem and thereby accomplish both social impact and financial sustainability. Whether you are looking to accelerate your career, earn a degree, or learn something for personal reasons, Business Strategy from Wharton: Competitive Advantage, The Wharton School of the University of Pennsylvania (Wharton), Drive your career forward with university-backed credit programs and verified certificates, Study and demonstrate knowledge on your schedule, Learn with university partners and peers from around the world, Bachelor's in Computer Science / Data Science, How to identify and define the competitive advantages of your business, How to refine your strategy to maximize your competitive advantage and drive profits, How to leverage the four connected strategies to create continuous relationships with customers, How to move beyond traditional modes of customer interaction to create a fundamentally new business model, How to create a portfolio of connected strategies to respond to different customer segments, How to achieve sustainable competitive advantage in todays business environment. Game theory can also be used to address problems relevant to a firm's organizational strategy (e.g., internal incentives and information flow within a firm) and to a firm's non-market environment (e.g., strategic trade policies, litigation and regulation strategy). 2:00 p.m. to 4:00 p.m. EDT. Format: Highly interactive Requirements: Class participation, interim assignments. Overview Patti Williams is the Ira A. Lipman Associate Professor of Marketing at the Wharton School of the University of Pennsylvania and Vice Dean of Wharton Executive Education. A communication will be sent regarding the application details. Format: Highly interactive Requirements: Class participation, interim assignments. The focus is on the tension between the eminent scalability facilitated by digital technologies and the ruggedness of the international landscape, shaped as it is by demographics, consumer preferences, culture, regulatory structures, and network effects operating at the local, national, regional, and global levels. We will survey many aspects of current negotiation research, discuss historic negotiation cases, and students will participate in role-play exercises. The semester or quarter in which each class will tentatively be offered during the 2022-2023 academic year is shown in parentheses for planning purposes. The four credit units can be fulfilled by taking any of the departments electives beyond the required Wharton core. While there are no specific requirements, knowledge of the fundamental concepts of In addition, you will become involved in co-curricular and extracurricular activities that tie into the courses you choose. ), direct private equity investors, corporate business development officers, and investment bankers, in creating value through transaction engineering. If you choose one of these majors, you will be eligible for 36 months of post-completion OPT (compared to 12 months for a non-STEM major): Interested in a STEM-certified business degree? This interactive, applied, and case-based course explores the various modes of corporate development available to managers to drive firm growth and change, including alliances, outsourcing, corporate venturing, and particularly mergers and acquisitions. The course ends on how to build organizations that have the capacity to successfully change. You can select from 18 MBA concentrations to pursue your goals. An important feature of the course is a term-length project in which groups of students work on firm analyses that require the application of the course concepts. On the one hand, it is changing fast; on the other hand, it is influenced by deep-rooted political, economic, and cultural forces that exhibit tremendous inertia. The flexible structure of the core course allows you to take more electives in the first year to prepare for an internship, global experience, business venture, or other interests, and defer some core requirements to their second year. Cross-listed with MGMT 6910/OIDD 6910/LGST 8060. Courses range from a rigorous training in the fundamentals of statistical theory to applications of popular methodologies, such as regression analysis and forecasting. About; Officers; Events; Discussion board; Group Page; Join; Login; Home. The course will culminate with a group project done in teams of four, in which groups will give short presentations to the class. Courses taken on a pass/fail basis cannot be counted towards major requirements. Building on the skills of MGMT 801, every class session is built around an experience where you have to put learning into practice, including the award-winning Looking Glass entrepreneurial simulation, role-playing exercises, and a variety of other games and simulations. Grounded in the latest research of the Wharton Neuroscience Initiative and based on Wharton's Introduction to Brain Science for Business MBA course, this program presents a unique opportunity to learn directly from the scientists who are making new discoveries. We then move to multinational firm strategies, including a discussion of the reasons for why firms choose to do business globally through trade or FDI, international tax strategy, joint ventures, technology transfer, different ways to be a multinational firm, and ethical dilemmas. Electives Across the University of Pennsylvania. For additional information or to apply visit the MBA website. The business environment in China is characterized by both uncertainty and complexity. By the end of this course, you should be able to: 1)Evaluate the aspects of yo ur identity and personal experiences that shape how you interact and engage with others and how they interact and engage with you in organizations 2)Explain how issues of power, privilege, discrimination, bias, equality, and equity influence opportunity and effectiveness in organizations 3)Propose ways to make relationships across difference in organizations more effective 4)Describe current perspectives on the relationships among diversity, inclusion, creativity, and innovation in organizations 5)Analyze a company's current approach to leading diversity and use content from this course to propose ways to enhance learning and effectiveness in that company. Sample topics include: quantifying opportunities and risks of foreign investments; formulating and executing strategies that balance local responsiveness, global efficiency, and innovation; exploiting differences across countries to enhance innovation while protecting intellectual property; managing organizational structure, culture, and people in multinational organizations; structuring and managing cross-national and cross-cultural teams; developing a global mindset among managers and employees. This option is available to students with specific, well-defined, interdisciplinary interests. Youll have a choice of advanced topics during the Spring speaking courses. The course addresses these topics through a mixture of lecture, case discussion, and hands on exploration of a variety of data sets. This course applies the insights of the people analytics movement to help students become better managers and more critical analysts within their organizations. The general Management major allows a student to flexibly choose among the full set of the departments offerings. While boards are legally bound to represent the interests of equity investors, in the course of carrying out this role they are often called on to respond to the needs of numerous other stakeholders, including customers, employees, government and society at large. For this course, social entrepreneurship is defined as entrepreneurship used to profitably confront social problems. Become familiar with two key statistical methodologies for working with data: regression analysis and experimentation. The basic thesis is that many social problems, if looked at through an entrepreneurial lens, create opportunity for someone to launch a venture that generates profits by alleviating that social problem. It is expected that the student has been introduced to some basic game theory. Globalization and Digitization have been two major disruptive developments that organizations have faced (and are still facing). Why do some economies grow faster than others? For additional information or to apply visit the MBA website. We will use a combination of lectures, cases, debates, and role play in class. They require firms and managers to think, innovate, and organize globally. This major allows a student to flexibly choose among the full set of the Management departments offerings. Business success is increasingly driven by a firm's ability to create and capture value through innovation. Students will have the opportunity to develop a background that will make them well suited to general management and leadership positions in firms and to serve these firms in advisory roles with leading consulting firms. The second module Intelligent Technologies: How Will They Affect Work and Organizations? explores how these technologies are changing the structure, performance, and experience of work amid changes in how organizations are managing people. This course is designed for those persons who desire to understand the distinct strategies and practices of family-controlled companies and family wealth creation. These are classes typical of what you would take in business school, and help prepare you for your future, whether you come to Wharton with a background in business, liberal arts, engineering or more. You will take any remaining core requirements, drill deeper within the wide range of electives, and develop one or more areas of expertise. Often, organizations will seek to go further, analyzing their own data to identify problems and learn what is working and what is not in their own context. What Do I Need to Earn My Wharton MBA? This course will also serve as a pre-requisite for a follow-up experiential course where we will teach business skills and financial acumen justice-impacted people, as well as help with their employment and entrepreneurship opportunities. Wharton Business school MBA curriculum can be found here : Wharton Business school MBA curriculum or Wharton Business school MBA curriculum Fixed Core Other topics covered in the course include the creation of competitive advantage through commitment, competitor analysis, different organizational responses to environmental changes, modularity, and increasing returns. Some students choose to work on their startup over the summer instead of interning at a company. The class covers both companies launched as digital businesses and traditional companies undergoing a digital transformation. ASP topics can be individually selected by the student with the advice and consent of any instructor in the management Department. Students will be expected to engage in field research for their coursework and final paper, and the course requires that students submit assignments for almost every class session. Within each different core area, the course choices offer additional flexibility in content, timing, and format. This course offers students the opportunity to practice the skills needed to do so, now and in the future. Even if the summer internship does not lead to a full-time offer, it is a great opportunity to improve your resume and network with new people. The three goals of this course are for students to learn: 1. A group project is intended to give you the opportunity to apply your learning from the course to a context that is most interesting and relevant to you. Depending on the instructor, grading is determined by some combination of short written assignments, tests, class participation and a final project (see each instructor's syllabus for details). They have an extraordinary amount of power and influence over their direct reports and considerable responsibility toward them. How do patents impact, and even drive, major corporate decisions including M&A, venture funding and exits, and entry into new markets? The major in Social and Governance Factors for Business (SOGO) is designed to provide in-depth foundations for those interested in the complex relationships between business and society, including management of environmental, social, and governance (ESG) risks and opportunities more broadly, and the ways in which firms incorporate ESG factors into their governance. Class sessions will be experiential and discussion-based.