CORPORATE AND ECOSYSTEM STRATEGIES

CORPORATE AND ECOSYSTEM STRATEGIES

Chiara Bartoli

Instructional goals

Providing the necessary tools for the proper definition of companies’ business strategies, framing both the competitive ecosystem and the current economic scenario, analyzing the influence of the current megatrends. Identifying the critical success factors arisen with external growth strategies and divestiture. Drawing an analytical framework that takes into consideration the strategy decisions and the related economic-financial effects. Analyzing the value creation of strategies and the corporate governance tools. Presenting business challenges as real-life examples of business dynamics, to implement the theoretical knowledge acquired, enhancing the ability to solve complex management problems.

Intended learning outcomes

Upon completing this course, students should be able to complete the full set of capabilities required by the Dublin’s descriptors, specifically: - Knowledge and understanding: Students will understand the complex strategic dynamics of the company, through the acquisition of specific knowledge, tools and new angles of observation; Students will learn the methodologies and tools useful to identify the companies’ scope of action, in vertical, horizontal and international direction; - Applying knowledge and understanding: Students will develop ability to interpret multiple managerial and corporate issues, managing to apply the knowledge acquired, outlining effective strategic models in different scenarios and areas; - Making judgements: Students will acquire ability and autonomy of judgment to critically read the competitive scenario, from the industry to the ecosystem in which it operates; - Communication: Students will develop their communication skills and the ability to clearly synthesize, argue and transmit the conclusions driven from the analysis of any business case in a managerial and strategic scope. - Lifelong learning skills: The knowledge acquired during the course will give to students the chance to learn how to identify suitable materials, sources, and data to strengthen their future knowledge and acquire new competences.

Course Contents

Corporate Strategy pillars and Megatrends The strategy tripod: institutions, resources and industry analysis. Ecosystems and network effects Business Model and Business model innovation Diversification and strategic interdependencies Portfolio Matrix Vertical integration Internationalisation Corporate restructuring and divestiture Internal vs external growth, growth modalities Environmental, Social, Governance Corporate Governance & Executive Compensation Family Business & Corporate Entrepreneurship Financial evaluation of Strategy Measuring Strategy Success

Reference Books

Teaching material provided during the course. Whittington, R., Angwin, D., Regnér, P., Johnson, G., Scholes, K., Exploring Strategy, Text & Cases, Pearson, 2023 Rothaermel, F., T., ISE Strategic Management: Concepts, McGraw Hill, 2024

Teaching Methods

Flipped classrom Group works Practice session Guest lecturers Business Game Simulation

Assessment Method

Final Written Exam: 30% Individual assignment: 25% Business Game Simulation: 20% Enquiry Based project: 25%

Thesis assignment criteria

No merit criterion is required for thesis assignment (mean, 'grades, language skills, etc.). The only criterion followed is the quality of the submitted research. A research proposal must be presented in order to articulate the central idea and the topic that will be addressed in the thesis. Students have to provide a two or three pages word document, including bibliography, briefly describing: - Reference literature: generical sources (e.g. Google), industrial sources (e.g. Il sole 24 ore, The economist, Il mondo) and related scientific literature ((http://www.luiss.it/biblioteca/banche_dati / index. php). - the research question. It’s a question of one or two lines that exactly addresses the problem that the thesis aims to solve. - Students have to argument the importance and the need to give a scientific answer to identified question, in order to exclude irrelevant unanswered questions. The research question can be considered significant from the theoretical point of view (since defines a logical step missing in the understanding of some processes) or from an empirical one (as it seeks to describe a phenomenon not fully understood), or by both. - Research design & methodology: Data gathering via the creation of a DataBase or the expansion of existing Databases; survey creation and case study analysis.

Week 1

Topics: Course presentation Megatrends What is strategy? Mission, vision, values Readings: Executive Summary of the Global Risk Report, WEF, 2024 Global Risk Report, WEF, 2024

Week 2

Topics: The strategy tripod How industry forces shape strategic decisions Breakout rooms: Case discussion Reading: Case study

Week 3

Topics: From industry to ecosystems: the network effects Leveraging Internal Resources for Competitive Advantage

Week 4

Topics: Examining the institutional framework: Bounded Rationality, Isomorphism Breakout rooms: Case discussion Reading: Article: Mike W. Peng, Sunny Li Sun, Brian Pinkham e Hao Chen. The institution-based view as a third leg for strategy. Case Study

Week 5

Topics: Strategic Positioning in Competitive Environments Business Model and Business Model Innovation Networks, Ecosystems

Week 6

Topics: Corporate strategies Vertical Integration Breakout rooms: Case discussion Reading: Case Study

Week 7

Topics: Diversification Internationalisation

Week 8

Topics: Portfolio Matrix, Divestitures Breakout rooms: Case discussion/Exercises Reading: Case Study/Exercises

Week 9

Topics: Internal vs External Growth: make, buy, borrow? Growth modalities: M&A, Alliances, etc.

Week 10

Topics: Integration of ESG Factors into Corporate Strategy Breakout rooms: Case discussion

Week 11

Topics: Financial metrics, Effective KPI’s and Value creation. Capital allocation and risk management.

Week 12

Topics: Competing in the age of AI Breakout rooms: Case discussion