Course Name: Systems Thinking and Strategic Decision
Course Code: S2293012
Course Module: Business & Management
Responsible: Weidong Chen
Department: School of Economy and Management, Tianjin University
TimeAllocation(1 credit hour = 45 minutes)
This course provides students with a framework to understand the structure and dynamics of relevant engineering industry, together with an approach for their effective strategic management. It is focused on domains in which systems are important, because either or both products are parts of larger and more complex systems, or are comprised of systems. The domains covered include computing, communications, electronics, and construction industry. The course will be of particular interest to those interested in managing a business in which technology will likely play a major role, and also to those interested in investing in or providing counsel to these businesses.
The emphasis throughout is on the development and application of ways of thinking or mental models that bring clarity to the complex co-evolution of technological innovation, the demand opportunity, systems architecture, business ecosystems, and decision-making and execution within the business. This involves the acquisition and application of a set of powerful analytical tools that are critical for the effective development of business strategy for high-tech and systems business, and for technology strategy as a key element within business strategy. These tools provide insights when anticipating and deciding how to respond to the behaviour of customers, complements and competitors, and when deciding which technologies to invest in, opportunities to target or partnerships to pursue.
The course uses case studies and presentations, and also relies upon independent research by participants. The case studies provide an extensive opportunity to integrate and apply these tools and theories in a practical, business policy context. The readings support the case study and provide a strong theoretical framework to support the practical analysis of real-world cases.
Basic knowledge of management, system structure
The objective of the program is to improve (significantly) the odds of success when figuring out how to create and capture value, make difficult decisions and develop and deliver technologies, platforms and products.
Textbooks & References
Exercise: 30%Attendance: 10%Final Project and presentation: 60%
CT3: To grasp methodologies and engineering tools: identifying, utilizing and solving problems. Even if the students are not familiar with the content, they can turn to computer tools for systematic analysis.
CT5: To have the basic concept about how the company functions and the capability to understand economic problems such as quality management, competitiveness and productivity and commercial demands.
CT9: To be competent for a job position in a company and have a good career path; To have sense of responsibility, teamwork spirit, cooperation and leadership capacity, project management capacity, and capacity of communicating and working with experts and non-experts, and carry out innovation management.
Students: All programs, Year 2