Syllabus for MQM-340 Seminar in Management (Entrepreneurship and Innovation) CLASS DAYS/TIMES/LOCATION: Section 1: Mondays and Wednesdays 8:00 AM through 9:15 AM Location: 149 Section 2: Timings: Mondays and Wednesdays 12:35 PM through 1:50 PM Location: 354 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: Thursdays 1:00 PM through 5:00 PM 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 realworld innovation problem. To use all of the above toward communication and group work. Avi Datta Page 1 of 7 REQUIRED TEXT Schilling, M.A. 2005. Strategic management of technological innovation. New York: McGraw Hill Publishers. ADDITIONAL READINGS Additional readings (papers) mentioned in the schedule will be available on the class website. (http://mqm340.weebly.com/lectures--presentations.html ) You can access the case studies in two ways: 1. U drive: U:\Department of Mgmt and Quant Methods\Datta-Avimanyu\MQM 340.14 Case Studies 2. From LibraryWebsite o HP, Compaq, and the computer industry in 2001 and beyond. https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16271.pdf o Apple Computer, 2006. https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16270.pdf o Intel corporation: 1968-2003. https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16272.pdf o MySpace. https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16273.pdf o SAP America. https://www.mlb.ilstu.edu/ereserve2/fileview.php?filename=admqm_16274.pdf GRADE COMPOSITION (Course Total 400 points) Individual Group Total Assignments 4 Exams @ 50 points each. The last exam is cumulative Contribution/ Participation : 20 points Gate 1: Company/product background & industry—20 points Gate 2: Content analysis—20 points Gate 3: Process analysis—20 points Project Presentation: 60 points (Slide Deck: 30; Delivery 30) Final Paper: 60 (Combine the three gates) Points Percentage 200 50% 20 5% 180 400 45% 100 GRADING POLICY 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. Avi Datta Page 2 of 7 Letter Grade A B C D F Point Score ≥ 90% ≥ 80% ≥70% ≥60% < 60% ASSIGNMENT DESCRIPTIONS EXAMS. 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. 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. Note: Peer evaluation is not a part of the grade, it is ingrained in the grade. I will create a document that every individual is required to complete and submit to me, before the final paper and the final presentation. The group members will have an opportunity to rate each member on their performance on the Gates, the Final Paper and the Power-Point Presentation. For example if your average contribution for Group 1 was 4/5 and the group gets 60 in the final paper your grade will be 48. My recommendation is to give your 100% in your group paper, the gates and the powerpoints. In real workforce you will rarely work in isolation. Working in groups is a necessary. Missing group projects, meetings, and showing lack of respect will have its consequences. The evaluation document will be available in http://mqm340.weebly.com/uploads/8/4/9/1/8491662/self_and_peer_evaluation.docx Gate 1 requires your team to identify and agree upon a suitable project, and to provide a one-page writeup of the company selected, what the issue needs addressing, and a brief overview of the industry (size, competitors, customers, suppliers, and problems). Gate 2 will be a write up of the first part of the analysis, which will focus on innovation content—analysis of environment, firm strategy, market entry decisions, cash-flow analysis, etc. Gate 3 will be a write up of the second part of the analysis and will focus on innovation process—organization, collaboration, use of teams, deployment, etc. Each gate is worth 20 points 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). You will work in groups of 3 or 4. Points will generally be shared equally. However, I am open to discuss problems about member(s) who is/are not performing. Avi Datta Page 3 of 7 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). Final Paper: You will combine the contents of Gate 1, 2 and 3 with a table of Contents to create a final paper. Due on December 14, 2011 by 5:00 PM. Hard copy is not required an email with an attachment to adatta@ilstu.edu. This is worth 60 points. Note: Peer evaluation is not a part of the grade, it is ingrained in the grade. I will create a document that every individual is required to complete and submit to me, before the final paper and the final presentation. The group members will have an opportunity to rate each member on their performance on the Gates, the Final Paper and the Power-Point Presentation. For example if your average contribution for Group 1 was 4/5 and the group gets 60 in the final paper your grade will be 48. My recommendation is to give your 100% in your group paper, the gates and the powerpoints. In real workforce you will rarely work in isolation. Working in groups is a necessary. Missing group projects, meetings, and showing lack of respect will have its consequences. The evaluation document will be available in http://mqm340.weebly.com/uploads/8/4/9/1/8491662/self_and_peer_evaluation.docx Contribution. We will use a variety of in-class readings and case studies to give you opportunities to deepen your knowledge of the course content. Questions on concepts and theories, as well as questions and comments during lectures, constitute discussion. During the first few days of class, please introduce yourself before you ask a question. CLASS POLICIES 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. 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. Wrong Answers. You can recapture up to half of the points lost on exams by providing a written statement explaining why your answer to a question is wrong and why the correct answer is right. The written statements are due in class the week after the exam was administered. This applies only for short and long answers not multiple choice answers. This also applies only for EXAMS 1, 2, and 3. This is precluded in Exam 4. 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. Though I will not literally take a “roll” each day, I will generally monitor attendance and timeliness for class and this will be factored into the participation score. I would highly appreciate if you could use a “Folded Name Tag” in front of your desk so that I can remember your names. Avi Datta Page 4 of 7 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. 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. 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. 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 Avi Datta Page 5 of 7 COURSE CALENDAR* (We will follow this schedule as far as possible, but changes may be made as and when needed) Date Topic Subtopic 22-Aug-11 Introduction Introduction, Syllabus, Extensions 24-Aug-11 Introduction 29-Aug-11 Importance of Technological Innovation Sources of Innovation 31-Aug-11 radical Innovations 5-Sep-11 7-Sep-11 Industry Dynamics of Technological Innovations 12-Sep-11 LABOR DAY NO CLASS Types and Patterns of Innovations Standards Battles and Design Dominance Timing of Entry 14-Sep-11 19-Sep-11 CASE STUDY Intel Corporation 21-Sep-11 EXAM Exam 1 26-Sep-11 28-Sep-11 3-Oct-11 5-Oct-11 Formulating Technological Innovations Strategy 10-Oct-11 31-Oct-11 Exam 1 Schilling Chapter 8 Protecting Innovation Schilling Chapter 9 Patenting: Staying Ahead of the curve Paper to be Distributed online Exam 2 26-Oct-11 Schilling: Chapter 5 Schilling Chapter 7 EXAM Exam 2 Organizing for Innovation Schilling Chapter 10 Managing New Product Development Schilling Chapter 11 Managing New Product Development Teams Schilling 12 Creating a deployment Strategy Schilling Chapter 13 2-Nov-11 CASE STUDY HP-Compaq 7-Nov-11 AVI's Conference NO CLASS NO CLASS 9-Nov-11 Apple Computers CASE STUDY Apple Computers 14-Nov-11 EXAM Exam 3 16-Nov-11 CASE STUDY LABOR DAY NO CLASS Gate 1 due Schilling: Chapter 3 Schilling Chapter 4 Collaboration Strategies 17-Oct-11 Implementing technology Innovation Strategy LABOR DAY NO CLASS Choosing Innovation Projects SAP-America 24-Oct-11 Schilling: Chapters 2 Paper to be Distributed online Schilling Chapter 6 CASE STUDY Assignmets Due Schilling: Chapter 1 Defining organization's Strategic Direction 12-Oct-11 19-Oct-11 Readings gate 2 due NO CLASS Exam 3 My Space My Space gate 3 Due 21-Nov-11 ThanksGiving NO CLASS ThanksGiving NO CLASS ThanksGiving NO CLASS 23-Nov-11 ThanksGiving NO CLASS ThanksGiving NO CLASS ThanksGiving NO CLASS 28-Nov-11 group Presentations 30-Nov-11 group Presentations 5-Dec-11 group Presentations 7-Dec-11 group Presentations Avi Datta Last Day to Submit your Answers to get back half of your points for Exam 1, 2 and 3 Page 6 of 7 12-Dec-11 No Class No Class Submit peer evaluation Document via email. 13-Dec-11 EXAM 4 (1:00 PM- 3:00 PM) EXAM 4 (1:00 PM- 3:00 PM) EXAM 4 (1:00 PM3:00 PM) 14-Dec-11 FINAL PAPER Avi Datta EXAM 4 (1:00 PM3:00 PM) Due by 5:00 PM. One document/ group. Email me at adatta@ilstu.edu Page 7 of 7