2023/2024 KAN-CCMVI2135U Making Better Bets: An Introduction to Management Consulting
English Title | |
Making Better Bets: An Introduction to Management Consulting |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Full Degree Master |
Duration | Summer |
Start time of the course | Summer |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Min. participants | 30 |
Max. participants | 60 |
Study board |
Study Board for cand.merc. and GMA (CM)
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Course coordinator | |
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For academic questions related to the course, please contact course responsible Martin Skrydstrup (msk.msc@cbs.dk). | |
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Teaching methods | |
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Last updated on 28-02-2024 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||||
To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors.
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Course prerequisites | ||||||||||||||||||||||||||
Completed Bachelor degree or equivalent | ||||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||
Making Better Bets: An Introduction to Management Consulting What really informs and drives consumer choice? What notions, values and past experiences define what new technologies consumers trust? What personal and organizational priorities fuel and fashion the ways in which we work? From plotting consumer navigation and mapping user experience (UX) to more holistic understandings of complex organizations and markets, fieldwork based ethnography has been applied by leading consulting companies to the operation and strategic development of enterprises. Going beyond conventional sit-down interviews, surveys, questionnaires, focus groups and quantitative methods, the methods of ethnography often more accurately capture the values and valuations of agents, which cannot be assumed to be utility maximizing. Rather, human behavior often turns out to be unexpected, paradoxical and illogical. Currently, leading consulting companies apply such ethnographic methods to get inside the real desires and decisions of consumers, to unravel the trust barometers of end-users subject to new technologies, to uncover the blind spots of complex organizations and to forecast the next mega trend. What this means is that ethnography is used to make better bets in business worlds.
The purpose of this course is to learn how to plan and conduct fieldwork based ethnography and translate it into commercial opportunities. In collaboration with a leading consultancy company, you will learn how to plan and conduct fieldwork in different markets and translate your findings and insights into strategy formulation and actionable recommendations. You will develop a practical understanding of what it takes to work closely with different clients - from C-suite executives in global corporations to grassroots organizations – to execute your advice and tailor your strategic recommendations to their specific needs. Ultimately, you will gain familiarity and real world experience with fieldwork based ethnography, where the focus is on solving real business problems from the backstage of inventory management to the frontstage of e-commerce; And from post-merger organizational change management to pitching a novel strategy for executives.
In the course of the class, you will work in teams towards a Final Presentation for the Client, which is due in class 9 entitled Engaging the Client. Your presentation will take the shape of a PP deck with a minimum of five slides. This activity builds on three preceding in-class exercises (1) Framing of the Social Phenomenon; (2) Postcard from the Field; (3) Insights from the Field. In your final presentation, your team will integrate these preceding exercises into the final presentation for the client. |
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Description of the teaching methods | ||||||||||||||||||||||||||
This course features an integration of practical hands-on field methods combined with theoretical class instruction. The course content is delivered in the forms of lectures, practical exercises, class discussions, student presentations, possibly peer feedback, guest lecturers and film screenings. The learning process and presentations will be conducted and executed as teamwork. | ||||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||||
Students will receive feedback in class on their ethnographic fieldwork and presentations by the lecturers and possibly peers. | ||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||
6-week course.
Preliminary assignment: The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment and grading.
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Expected literature | ||||||||||||||||||||||||||
Tentative literature subject to change 1) Ladner, Sam. 2014. Practical Ethnography. London: Routledge 2) Lareau, Annette. 2021. Listening to people: A practical guide to interviewing, participant observation, and writing it all up. Chicago, IL: University of Chicago Press 3) Madsbjerg, Christian & Rasmussen, Mikkel. 2014. The Moment of Clarity. Boston, MT: Harvard Business Review Press 4) Tett, Gillian. 2021. Anthro-Vision: How Anthropology can Explain Business and Life. New York City, NY: Avid Reader Press / Simon & Schuster |