Syllabus for MQM-340 Seminar in Management (Entrepreneurship and Innovation) CLASS DAYS/TIMES/LOCATION: Section 1: Tuesdays and Thursdays 9:35 AM through 10:50 AM Location: SFHB 135 Instructor: Dr. Avimanyu (Avi) Datta, Ph.D. Assistant Professor, Illinois State University, College of Business Department of Management and Quantative Methods Email: adatta@ilstu.edu Office Location: State Firm Hall of Business 240 Office Hours: Tuesdays 11:00 AM to 12:30 PM or by appointment COURSE WEBSITE: http://mqm340.weebly.com COURSE DESCRIPTION: The course will provide an overview of the theoretical models and tools necessary for understanding and analyzing innovation in business and ways in which the concomitant organizational change can be managed. The course will help you identify the sources, types, and patterns of innovation (inventors, basic/applied and product/process R&D, sources of research funding), innovations by users, complements, technological spillovers, and more. We will also discuss innovations arising not only from technological change but also from industries, markets, society, competitive change, and the interactions among them. The course will explain how firms learn and consequently adopt competencies, tactics, strategies, organizational structures, and routines to exploit innovations. We will explore how firms choose from among multiple innovations when resources are limited, along with other issues such as organization learning, strategic flexibility, competition v. cooperation in innovation, and first v. second mover advantages. We also will examine open-sourcing and open innovation, and explore what they entail for traditional models of business that rely on property rights for the creation of economic rents. Much like the industries we will study, this course is designed to be fast-paced and so it is important that you come to class prepared and ready to discuss designated topics. Additionally, over the course of the semester, you will work in groups to analyze an innovation-related problem. There will be several points during the semester when you can receive assistance and ensure that you are making progress on this major assignment. The goals of the course are: To learn about the theories, models, and frameworks that constitute the body of knowledge on innovation management, and why they are important. To learn how those theories, models, and frameworks are applied in practice. To synthesize the theories, models, frameworks, and tools of analysis within the context of a real-world innovation problem. To use all of the above toward communication and group work. REQUIRED TEXT Schilling, M.A. 2005. Strategic management of technological innovation. New York: McGraw Hill Publishers. Case Studies: 1. U drive: U:\Department of Mgmt and Quant Methods\Datta-Avimanyu\MQM 385 2. Library Avi Datta Page 1 of 7 a. b. c. d. Intel https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16272.pdf SAP-America https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16274.pdf Apple 2006 https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16270.pdf Linkedin https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16951.pdf ADDITIONAL READINGS Additional readings (papers) mentioned in the schedule will be available on the class website. (http://mqm340.weebly.com/lectures--presentations.html ) GRADE COMPOSITION (Course Total 550 points) Assignments Individual Group 4 Exams @ 50 points each. The last exam is cumulative Contribution/ Participation : 20 points Video Summary Patent and Case Presentation Patent and Case Presentation(3*15): Non Presenting teams Semester Long Project Presentation: 60 points (Slide Deck: 30; Delivery 30) Gate 1: Company Background and Industry Analysis Gate 2: Content Analysis Gate 3: Process Analysis Group Project Paper Peer Evaluations Total Points 200 20 15 40 45 60 20 20 20 60 50 550 Percentage Mode of Submission 36% In Class Exam 4% 3% Hard Copy 7% PPT in class 8% Participation 11% PPT in class 4% 4% 4% 11% 9% 100% Digital Copy Digital Copy Digital Copy DIGITAL Copy Hard Copy ASSIGNMENT DESCRIPTIONS INDIVIDUAL POINTS EXAMS (200 Points) There will be four closed-books, close-note exams (covering text, lectures, readings, and cases) over the course of the semester to evaluate your understanding of the material and give you feedback about where you may need to focus more attention. Exams will be a mixture of Multiple Choice and Short answer type questions. Exam no. 4 will be cumulative. Each Exam will be 50 points worth. As a general rule, there is a 20% dock off points for each day late in turning in an assignment or delaying an exam. If you know you will be missing an EXAM, you need to get in touch with me (email, phone or in office) prior to the Exam time. Video Summary (15 Points) I will show you 2-3 Videos on Strategic Management and related topic. You will summarize the videos in a word Document and submit in Hard Copies only. Delayed Submissions will carry a 20% Penalty per day. Class Attendance and Participation (20 Points) Each student is expected to attend and contribute to each and every class session in civil, constructive, value-adding ways. Be prepared for each session by reading the assigned chapters or cases, offering your answers when called on in class, and at appropriate times raising your hand and offering keen insights, probing questions, useful summaries, and so on. There will be 20 points for class participation. Avi Datta Page 2 of 7 GROUP POINTS (the class is broken into 4 groups for Case Studies and Semester long Group Project) You will work in groups of 5-7 people. Points will generally be shared equally. However, I am open to discuss problems about member(s) who is/are not performing. Case Study Presentation: There are 4 case studies in this class a. Team 1 will present: Intel https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16272.pdf b. Team 2 will Present” SAP-America https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16274.pdf c. Team 3 will present: Apple 2006 https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16270.pdf d. Team 4 will present: Linkedin https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16951.pdf Note: Presentation will carry 40 points, and is based on the quality of presentation and slide decks. Note: You may use my slides for references and studying, but have to make your own for class presentation. Case Study Participation: Team 2, 3 and 4: You are required to participate, challenge and ask important questions pertaining to Intel case when Team 1 presents. Team 1, 3 and 4: You are required to participate, challenge and ask important questions pertaining to SAPAmerica case when Team 2 presents. Team 1, 2 and 4: You are required to participate, challenge and ask important questions pertaining to Apple case when Team 3 presents. Team 1, 2 and 3: You are required to participate, challenge and ask important questions pertaining to Linkedin case when Team 4 presents. Total grade for this participation is 30 points. Thus, each team is required to engage in this activity three times, carrying 10 points each. Semester Long Group project Typical projects will focus on either a public company or a division/business-unit of a public company, and a critical innovation issue that it is currently facing. You will identify and analyze a topic of your choosing (though topics must be approved by me and will deal with innovation by a large corporation and management of that process). You might not be able to gather enough information on your company/division to analyze every aspect of innovation covered in our course, but you must be able to conduct the analysis in terms of both the content and process of innovation. You also must provide specific and well-reasoned recommendations that integrate well with your analysis. To ensure that you are making good progress and to provide opportunities for feedback, there will be three “gates” that you must meet throughout the semester. Each gate will require you to turn in a portion of your analysis for review. Gate 1 Requires your team to identify and agree upon a suitable project, and to provide a one-page write-up of the company selected, what the issue needs addressing, and a brief overview of the industry. › Size of the firm › competitors, complementors customers, suppliers, › Leading Products and Milestones. › Current Problems in Innovation NOTE : The analysis should be double spaced, typed in 12 point Times New Roman font, with one-inch margins on all four sides. There are no formal requirements regarding the length of the analysis, but typical analyses are about 5-10 pages (plus exhibits). The first page must contain the name of your team and all the member names. Email Gate 1 at adatta@ilstu.edu on due day as per syllabus Avi Datta Page 3 of 7 Gate 2 Organization and Industry Analysis of the firm Industry Analysis: Porter’s five forces Distinctive Competencies of the firm Resources and Capabilities Organization Structure NOTE : The analysis should be double spaced, typed in 12 point Times New Roman font, with one-inch margins on all four sides. There are no formal requirements regarding the length of the analysis, but typical analyses are about 5-10 pages (plus exhibits). The first page must contain the name of your team and all the member names. Email Gate 2 at adatta@ilstu.edu on due day as per syllabus Gate 3 you will concentrate on the specific problem that you mentioned in Gate 1 and your recommendations. o Current Challenges: What are some of the current challenges with the company? Are they related to products, processes, services, mergers, industry etc. o Recommendations: How do you Propose the problems be solved? What are your future directions? NOTE : The analysis should be double spaced, typed in 12 point Times New Roman font, with one-inch margins on all four sides. There are no formal requirements regarding the length of the analysis, but typical analyses are about 5-10 pages (plus exhibits). The first page must contain the name of your team and all the member names. Email Gate 3 at adatta@ilstu.edu on due day as per syllabus Each gate is worth 20 points. Power Point (60 Points) Your team will give a PowerPoint presentation of your analysis (providing enough detail about your case to make it coherent) in class. You will have a minimum of 30 minutes to present, plus 20 minutes for questions. Please bring a copy of the slides for me (4 per page is fine); handouts for the rest of the class are appreciated but not required. The PowerPoint is worth 60 points (Slide Deck: 30; Delivery 30). 15-25 slide Presentations (Look at schedule for your dates) Contents o Executive Summary o Milestones (briefly describe what is the case about and problems incurred) o Organization and Industry Analysis Industry Analysis: Porter’s five forces Distinctive Competencies of the firm Resources and Capabilities Organization Structure o Current Challenges: What are some of the current challenges with the company? Are they related to products, processes, services, mergers, industry etc. o Recommendations: How do you Propose the problems be solved? What are your future directions? Final Paper (60 Points) You will write a final paper on your analysis. Check Due date in the schedule (last page of Syllabus). Hard copy is not required an email with an attachment to adatta@ilstu.edu. This is worth 60 points. Not to exceed 40 pages (Check Schedule for due date) Contents o Executive Summary o Milestones (Some of the key developments/ launching of key products, expansion etc.) o Organization and Industry Analysis Industry Analysis: Porter’s five forces Distinctive Competencies of the firm Resources and Capabilities Avi Datta Page 4 of 7 Organization Structure Current Challenges: What are some of the current challenges with the company? Are they related to products, processes, services, mergers, industry etc. o Recommendations: How do you Propose the problems be solved? What are your future directions? As a general rule, there is a 20% dock off points for each day late in turning in the paper. o Peer Evaluation: 50 points are reserved for peer Evaluations. Due on April 26, 2012 via email to adatta@ilstu.edu. The peer Evaluation Document is available at http://mqm340.weebly.com/uploads/8/4/9/1/8491662/peer_evaluation.docx Semester Long Group Project Rubric: Categories Final Paper 1. Overall Summary 1page Executive Summary Presentation Slide Deck Presentation 2 Slides on the How you deliver it overall agenda and summary of the (5 points) Presentation (5 points) 2-4 slides on major How you deliver it milestones (5 points) (5 points) (5 Points) 2. Milestones 2-6 pages on major milestones (10 points) 3. Organization Industry Analysis Distinctive competencies. Org Structure 4. Current Challenges 5. Looking ahead 6. Organization/ references/ Cover Sheet/ TOC TOTAL Group Project Total Industry Analysis: Porter’s five forces Distinctive Competencies of the firm Resources and Capabilities Value Chain Activities Organization Structure 2-5 pages 2-4 slides Peer Evals How you deliver it (10 points) (10 points) (15 Points) What are some of the current challenges with the company? Are they related to products, processes, services, mergers, industry etc (10 points) 2-4 slides on Current Challenges How you deliver it (5 points) (5 points) 3 pages on future Recommendations directions. (10 Points) 10 points 2-4 Slides Reco (5 points) N/A How you deliver it (5points) N/A 60 30 30 50 170 Criteria for Evaluation We are building a “world class” business school with high standards and expectations. As such, this course will be rigorous and grading will be demanding. The table below shows how the percentage scores on each assignment correspond to letter grades. There will typically be no “curving” of the grade distribution. Letter Grade A B C D F Point Score ≥ 90% ≥ 80% ≥70% ≥60% < 60% Disabilities. Students with disabilities are encouraged to take part in this class and should contact the instructor to make arrangements for any needed accommodations. Please notify the professor during the first week of class of any accommodations needed for the class. All accommodations must be approved through the Disability Resource Center (DRC) , who can be contacted at 309-438-5853. The student must complete an accommodation form with the DRC staff with enough lead time for the accommodations to be made. Avi Datta Page 5 of 7 Grade Appeals. Appeals on test questions only will be considered within one week of when the answers are posted on the web. Appeals should be made in writing (e-mail will suffice) explaining the rationale for the incorrect grade. E-mail. Provide your full name and ID number. Anonymous e-mails will not be answered. Late For or Absent From Lectures. It is your responsibility to get the notes and to check the class web site for announcements in case you miss a class Class Attendance and Participation: While your presence during the lectures is not sufficient for satisfactory performance, regular attendance is essential for your success. Each student is expected to attend and contribute to each and every class session in civil, constructive, value-adding ways. Be prepared for each session by reading the assigned chapters or cases, offering your answers when called on in class, and at appropriate times raising your hand and offering keen insights, probing questions, useful summaries, and so on. Students will also be evaluated based on their level of professionalism in class and in class-related activities outside of class. There will be 20 points for class participation Note: It is your responsibility to get the notes and to check the class web site for announcements in case you miss a class. Make-Ups: Only legitimate, instructor-approved absences will be accepted for make-up exams. Absolutely no late work is acceptable, unless an extreme emergency occurs, and I have approved an extension. Failure to complete all parts of the course by the assigned dates will result in zero points for the assignment. As a general rule, there is a 20% dock off points for each day late in turning in an assignment or delaying an exam. If you know you will be missing an EXAM, you need to get in touch with me (email, phone or in office) prior to the Exam time. Cheating and plagiarism. Anyone who cheats (e.g., using unfair means during tests) will receive an F in the class and will be reported to the Office of Student Conduct. Plagiarism is using other people’s work and/or ideas without giving them credit for it. Cheating or plagiarism of any kind is not acceptable. This applies to work on all class assignments. The purpose of the course is for you to learn, and you do not learn by copying someone else’s work. Other Policies: You are responsible for all information presented in the class, for all interpretation requirements of applications for all handouts distributed (in class or course web site), practice as many exercises as is necessary to learn the material. During lectures, and Exams there should not be any disturbances from cellular phone or any other devices. Incomplete Grade: A request for a grade of "I" (incomplete) will be granted only if unavoidable circumstances beyond the student's control prevent him/her from completing the course on schedule and the student has achieved an average grade of "C" or better on all examinations scheduled prior to the time (which should be immediately before the final exam) of the request. The student should see the ISU catalog for other conditions pertaining to grade "I". Professionalism. Inappropriate behavior, such as rudeness, verbal or written malicious and defamatory comments, cursing, yelling, or other threatening and/or intimidating behavior, either during lectures or outside of lectures, to either the Professor or office personnel, will result in an F in the class and additional academic, administrative, or legal penalties as permitted under University policies and procedures and Illinois State law. Withdrawal Policy: Each student is expected to know the University Withdrawal policy, see Academic Policies and Practices at http://www.arr.ilstu.edu/registrar/common/selectedpolicies8.stml Professional Standards: All students in this course are expected to be familiar with the "College of Business Standards of Professional Behavior and Ethical Conduct." (http://www.cob.ilstu.edu/professionalstandards). Please note that only bottled water may be consumed in the classroom wing of the College of Business Building and that all cell phones and other electronic devices should be turned off and stored away during classes, unless permission is otherwise granted by the instructor. Avi Datta Page 6 of 7 Campus Safety: At Illinois State University, we are firmly committed to campus safety for everyone here at the university. In order to be prepared in case of an emergency, please visit this link on campus safety: http://admissions.illinoisstate.edu/community/safety.shtml COURSE CALENDAR* (We will follow this schedule as far as possible, but changes may be made as and when needed) Date Discussions 14-Jan-14 Introduction, Syllabus, Extensions 16-Jan-14 Importance of Technological Innovation Chapter 1 21-Jan-14 Sources of Innovation 23-Jan-14 Group Project Expectations Chapters 2 Group Project Expectations 28-Jan-14 NO CLASS – SEVERE WEATHER Conditions 30-Jan-14 Types and Patterns of Innovations Standards Battles and Design Dominance Timing of Entry Chapter 5 13-Feb-14 Intel Corporation (Team 1 presents; Team 2, 3, and 4 Participates) Exam 1 18-Feb-14 20-Feb-14 Defining organization's Strategic Direction Choosing Innovation Projects Chapter 6 Chapter 7 25-Feb-14 Collaboration Strategies Chapter 8 27-Feb-14 Protecting Innovation Chapter 9 4-Mar-14 Organizing for Innovation Chapter 10 6-Mar-14 SAP-America (Team 2 presents; Team 1, 3, and 4 Participates) 11-Mar-14 Spring Break No Class Spring Break No Class 13-Mar-14 Spring Break No Class Spring Break No Class 18-Mar-14 Exam 2 20-Mar-14 Managing New Product Development Chapter 11 25-Mar-14 Managing New Product Development Teams Chapter12 27-Mar-14 Creating a deployment Strategy Chapter 13 1-Apr-14 3-Apr-14 Apple Computers (Team 3 presents; Team 1, 2, and 4 Participates) Linkedin (Team 4 presents; Team 1, 2, and 3 Participates) 8-Apr-14 TBA 10-Apr-14 Exam 3 15-Apr-14 Class Videos 17-Apr-14 Group Presentations Group Presentations 22-Apr-14 Group Presentations Group Presentations 24-Apr-14 Group Presentations Group Presentations 29-Apr-14 No class No class 1-May-14 EXAM 4 EXAM 4 6-May-14 FINAL PAPER 11-Feb-14 Assignmets Due Chapter 3 Chapter 4 4-Feb-14 6-Feb-14 Readings Avi Datta Exam 1 GATE 1 DUE Gate 2 Due Exam 2 Gate 3 due TBA Exam 3 Class Videos Video Summary Due (Hard Copy) Peer Evaluations DUE EXAM 4 Due by 5:00 PM. One document/ group. Email me at adatta@ilstu.edu Page 7 of 7