Organizing of Business

This course will provide the students with a solid understanding of the foundations of organizing, organizational forms, and organizational phenomena of business, operations, and innovation at the macro- and meso-level
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Schedule:

March 2022 - April 2022

Teaching time:

Daytime

Location:

Espoo

Topic:

Operations and supply chain management

Form of learning:

On-campus

Provider:

Aalto University Open University

Level:

Fundamentals

Credits:

5 By Aalto University (ECTS)

Fee:

€ 75.00

Target group and prerequisites

TU-A1100 Industrial Engineering and Management 1, TU-C1030 Managerial accounting and finance for decision-makers.

Course description

Learning Outcomes
This course will provide the students with a solid understanding of the foundations of organizing, organizational forms, and organizational phenomena of business, operations, and innovation at the macro- and meso-level. After participating in the course, students will (1) be able to distinguish between various forms of organizing of business, operations, and innovation at the macro- and meso-level; (2) know when a certain form is more suitable and how to organize this form; and (3) be able to assess the effectiveness of current organizing form and develop improvements. Students undertaking this course will become familiar with a series of real-world contemporary organizational phenomena, learn different theoretical perspectives that can elucidate these phenomena, and learn to apply these different ways of “seeing” and managing organizations to cases. As such this course bridges theory and practice, exposing students to a variety of conceptual tools and ways to evaluate novel situations.

Content
Organizing of business comes in many forms and at many levels. At the macro-level markets, industries, value-chains, platforms, and business ecosystems are unique forms of organizing. These organizational forms are shaped by economic, information, and socio-economic properties prevalent in each setting, including among others social institutions like norms and rules, technologies used, transaction costs, resource dependencies, and information asymmetries. At the meso-level we can respectively distinguish between various kinds of firms, i.e. start-ups, multinational firms, specialized manufacturing firms, consultancy firms, and software firm, non-profits, and more informal organizing forms, such as innovation communities, and industry associations. These meso-level organizational forms often entail a multiplicity of goals and tasks and differ in size and internal structure. Macro- and meso-level organizational forms shape one another, and develop, evolve, and transform over time respectively. To understand organization of business, operations, and innovation we hence need to consider both the macro and the meso-levels of organizing, how these are interrelated, and the mechanism which shape the specific organizational forms. We will use economic, organizational, and strategy theories to analyze organizing. Theories are valuable for the analyst and manager because most meso- and macro-level organizational phenomena’s and problems are unique and cannot be understood nor solved by simple rules of thumb.

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