Supervisors are the central actors in accomplishing work tasks, especially in projects where they also have autonomy over what is done and how it is done. This major allows a student to flexibly choose among the full set of the Management departments offerings. This course will focus on the E of ESG. Youll have a choice of advanced topics during the Spring speaking courses. This course provides students the latest tools to assess and map stakeholder opinions as well as integrate them into financial valuation. Advisor: Sara Jane McCaffrey (for current Wharton Students only, Prospective students should contact the Admissions office) Even CEO's are the supervisor of their direct reports. By the end of this course, you'll have developed the skills you need to start motivating, organizing, and rewarding people in your organization so that you can thrive as a business and as a social organization. Next, we you will make a series of decisions to manage recipients of change by focusing on downsizing and privatization. You will begin by moving through key courses with your learning team a group of five or six classmates with whom you will work closely on projects. Organizational awareness: understanding organizational culture. It is recommended students take MGMT 801 before enrolling in this course. Yourlearning teams and cohorts provide catalysts for new insights, collaboration, and the start of a lifelong network. It spans topics from understanding the behavior of individuals and groups to designing management systems and structures to support business strategy. To apply, or for additional information, visit the Wharton MBAwebsite. This major provides students with a deep grounding in the basic logic of competitive advantage, premised on a careful analytical treatment of the distinct qualities and positions of individual firms and an understanding of broader competitive dynamics. The Wharton MBA Program offers 21 MBA majors and their requirements are outlined below. There will be a quick review of the basics and some recommended supplemental readings for those who have little or no background in game theory. Courses range from a rigorous training in the fundamentals of statistical theory to applications of popular methodologies, such as regression analysis and forecasting. The long first half of the course is devoted to analyzing impediments to transacting, including asymmetric information, exogenous risk and uncertainty, difficulties intrinsic to contracting over time, enforceability, and various forms of strategic behavior, all with a view to understanding the logic of the variety of techniques used to ameliorate them and more broadly to create distributable value through transaction structuring. Students whose interests do not conform to existing MBA disciplines may petition for the approval of an individualized major. Wharton professors are leaders in their fields . The class is organized around three distinct but related topics that managers of emerging firms must consider: strategy, human and social capital, and global strategy. Recommended background in intermediate microeconomics or equivalent. Now, award-winning authors and renowned management Professors Mike Useem and Peter Cappelli of the Wharton School have designed this course to introduce you to the key elements of managing people. Students will engage in a number of simulated negotiations ranging from simple one-issue transactions to multi-party joint ventures. Throughout, students will learn and practice applying the concepts we learn to decision-making in examples based on innovative real-world technologies and businesses. This majorbrings theoretical tools and practical experience to bear on the relationship among business, government, and society. 892, you will learn to address these issues through an action learning approach. Format: A custom-designed Wharton-only simulation is paired with course sessions to deliver a unique learning experience. Format: Lectures and case discussions. The semester or quarter in which each class will tentatively be offered during the 2022-2023 academic year is shown in parentheses for planning purposes. By the end of the course, you will be among the more educated leaders not just on mass incarceration, but on how to think about ways that the business community can contribute to the success of those impacted by the criminal justice system. MBA Organizational Effectiveness Major The Organizational Effectiveness major is designed to educate students in the leading edge of theory and practice associated with the management of employees and the design of organizations. Develop skills to apply analytical concepts and marketing tools to decisions like segmentation and targeting, branding, pricing, distribution, and promotion. Students will have the opportunity to develop a background that will make them well suited to general management and leadership positions in firms and to serve these firms in advisory roles with leading consulting firms. Supply Chain Management Major; Admissions. Specialization in Strategic Management Through Academic Year 2020-2021 To pursue this specialization, students will take MGMT 223, Business Strategy, as well as an additional 1.00 cu of subject area core courses as listed on the general MGMT concentration page, and two CUs of additional electives. An MBA in Strategic Management equips students with industry awareness. The course ends on how to build organizations that have the capacity to successfully change. This course explores the management of strategic partnerships between firms, which have surged in recent years in response to globalization, technological evolution, deregulation, shortened product life cycles, and intensified competition. In this course, students will learn to critically analyze and answer these questions, gaining insights they can leverage in their future roles as innovation industry executives, entrepreneurs, strategist and investors. Well examine past anxieties related to automation and evaluate the extent to which the worst-case scenarios about, for example, employment loss have or have not come to pass. The Management Department offers five MBA majors that develop the knowledge and expertise to manage complex, established enterprises or guide start-up enterprises in their formative years. Lastly, a course taken to fulfill a core requirement for a major cannot double count for the elective requirements of the same major. This course is situated at the intersection of technological and social/human issues involving work. Each team is given access to the original documents implementing their deal. Strategic Management Capstone Job Outlook Meet your instructors from The Wharton School of the University of Pennsylvania (Wharton) Christian Terwiesch Andrew M. Heller Professor of Management The Wharton School of the University of Pennsylvania Nicolaj Siggelkow David M. Knott Professor of Management The second section will highlight particularly active areas of Context-Driven Innovation that are thriving in various regions, such as financial technology, mobile health products, and clean energy. Legal Studies and Business Ethics allows students to supplement their major field with in-depth knowledge of one or more relevant legal areas. This sets in motion a virtuous cycle - the entrepreneur is incented to generate more profits and in so doing, the more the profits made, the more the problem is alleviated. This course is designed to help students navigate diverse organizational settings more effectively and improve their ability to work within and lead diverse teams and organizations. The CIP codes of the MBA majors, as of April 1, 2019, are listed below. Along the way, students will gain a virtual view into global startup communities, and personalized insights from firm founders operating around the world - from Bogota to Nairobi to Jakarta. Despite the press accounts about the "gig" economy, the Bureau of Labor Statistics calculates that about 92 percent of the people working in the US are employees who are supervised by someone. This definition therefore views social entrepreneurship as a distinct alternative to public sector initiatives. All credit units for the major must be taken for a letter grade. There is considerable truth to the aphorism that people quit bosses, not organizations, as employee dissatisfaction with supervisors rates as one of the leading causes of turnover. It serves students with a range of career objectives: (1) those who seek leadership positions focusing on employees in organizations; (2) those interested in consulting in the area of organizational effectiveness or management consulting more generally; and (3) those interested in balancing a more technical academic and business background with greater depth in understanding behavioral and management expertise. Sample topics include: quantifying opportunities and risks of foreign investments; formulating and executing strategies that balance local responsiveness, global efficiency, and innovation; exploiting differences across countries to enhance innovation while protecting intellectual property; managing organizational structure, culture, and people in multinational organizations; structuring and managing cross-national and cross-cultural teams; developing a global mindset among managers and employees. This is a course in analyzing competitive interactions. This is a course on creating a business to attack a social problem and thereby accomplish both social impact and financial sustainability. Learn techniques such as least-squares estimation, tests and confidence intervals, correlation and autocorrelation, collinearity, and randomization. The program requires 19 credit units (CU) to graduate, which is broken up into 3 categories: You will ground your MBA with six required fixed core classes that will be required for your degree, along with choices in the flexible core. Which MBA is Right for Me? In terms of its pedagogical approach, this is designed to be an interactive, applied, case-based course with accompanying conceptual readings to help structure your thinking. Telephone: 215.898.1149. Wharton Essay Prompt Prompt: Describe how your experiences, both professional and personal, have led to your decision to pursue an MBA at the Wharton school this year. This course is only available to WEMBA students. Students in the Wharton MBA Program for Executives embrace the challenge of juggling full-time jobs, school, and personal responsibilities throughout the two-year program. We will use a combination of lectures, cases, debates, and role play in class. Some students choose to work on their startup over the summer instead of interning at a company. Chronologically the course runs from Franklin's days through the early twenty-first century. Leadership behaviors: how to enact the skills that contribute to a team's effective performance. The business environment in China is characterized by both uncertainty and complexity. It emphasizes the forces for change, the change implementation process, the skills of successful change leaders, and the behavioral theories and management practices of how individuals and organizations change. Students must have successfully completed MGMT 801 before enrolling (or obtain the permission of the instructor). The purpose of this course is to introduce you to concepts that are useful for understanding, analyzing, and developing your political skill. The first and longest section will discuss the Key Challenges for emerging firm growth across the globe, such as access to talent and resources, political risk, and legal institutions. Wharton has earned a reputation by educating the best minds in business for over a century. The general Management major requires four credit units beyond the required Wharton core. Topics that will be explored include: market failures and profitability, competitive bidding, signaling, entry deterrence, agenda setting, regulations, and price wars. This interactive, applied, and case-based course explores the various modes of corporate development available to managers to drive firm growth and change, including alliances, outsourcing, corporate venturing, and particularly mergers and acquisitions. Specifically, on the need to find the right people and keep them engaged in working on the organization's goals. Students whose interests do not conform to existing majors may petition for the approval of an individualized major. The MBA Core classes include 9.5 credit units, distributed in two parts: The fixed core courses within the Wharton MBA program consist of the fundamentals and analytical courses that set the stage for your education. Faculty List Standing Raffi Amit, Marie and Joseph Melone Professor, Professor of Management Rachel Arnett, Assistant Professor of Management Valentina A. Assenova, Edward B. and Shirley R. Shils Endowed Term Assistant Professor of Management, Govil Family Faculty Scholar, 2020-2021 They require firms and managers to think, innovate, and organize globally. This course examines various business disciplines as they apply to the sports industry. The share of executives, board members, and investment managers who consider climate risk, racial justice and other ESG issues as well as stakeholders opinions of the firm to be material to their business decisions has risen dramatically. Given the nature of the course, we will also apply the lessons from the cases to understand the challenges and implications of relevant recent and on-going deals. You will be highly involved in extracurricular activities, including clubs, conferences, sports and other student-run initiatives and events.