AOS332 Strategy Dynamics
Showing course contents for the educational year starting in 2017 .
Course responsible: Carl Brønn
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
Limits of class size:
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: 2007H
Last time: 2018H
Fundamental principles of dynamic systems mapping of stock-and-flow structures connecting feedback to stock and flow structures the dynamic resource perspective on strategy, interactions between operations, strategy, and human resource policy, managing instabilities in supply chains applications - scenarios and management flight simulators.
The course gives an introduction to system dynamics as a language and a methodology for analyzing and understanding organizations business policies and strategies. This is accomplished by presenting the effects of the cognitive dimension on strategic business activities. This leads to the development of a conceptual structure for understanding organizations as complex systems. This perspective gives strategic decision makers a powerful methodology for both analyzing and communicating the long-term consequences of their strategic planning activities.
Students shall be able to identify and to define dynamic problems in the general area of strategic policy analysis. They will be able to identify the most relevant variables that comprise the issue under consideration, to develop behavior over time diagrams of the variables, and to construct causal loop diagrams that link the variables with system behavior. Students will be able to distinguish between traditional and systemic modes of thinking about issues, and to identify the underlying systems that generate observed behavior. They will be able to construct causal loop diagrams consisting of positive/reinforcing and negative/balancing feedback loops, as well as identifying the polarity of the relationships to capture the main feedback relationships and to identify potential intervention points. Students will construct, test, and use system dynamics computer models to analyse the intended and unintended effects of proposed policy initiatives in order to support managerial decision making."
Each weekly session will be organised as a combination of lectures, student presentations, and group assignments.
Sterman, J. (2000). Business Dynamics: Systems Thinking and Modeling for a Complex World. Boston: Irwin/McGraw Hill. (Text and CD-ROM). Selected articles.
-BUS305 or another course in strategy
Two mandatory assignments that are graded passed/ failed and must be passed before the student can participate in the final exam. If the mandatory activity is passed, you do not have to hand in the assignments again next time the course is organized.
Term project (simulation model) that can be written in groups (maximum 3 students) or individually; represents 70% of the total grade. Final examination 30%, duration 3 hours. A retake exam is not organized in this course.
Total work load is estimated to 300 work hours or 10 credits.
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Type of course:
The course will be organised as 4 hour weekly sessions over 13 weeks.
An external examiner will assess the curriculum, questions for the exam, and principles for evaluation. Grades will be set by the teacher.
Allowed examination aids: A1 No calculator, no other aids
Examination details: Continuous exam: A - E / Ikke bestått