Special course arranged for Wharton MBA students, focused on global business, management and innovation. The Diversity, Equity & Inclusionmajor prepares students to face the challenges involved in creating and maintaining organizations that are diverse, inclusive, and rooted in equity. While this department does not offer a major within the MBA program, please explore departmental course offerings. 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. For most, the return is short-lived as two-thirds are re-incarcerated within three years of release. In the second part of the course, student teams apply the conceptual tools and techniques developed in the first half to analyzing the fine detail of a series of recently completed and interestingly complex transactions. 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 About; Officers; Events; Discussion board The course is intended for those who plan to consult or provide professional services to family-controlled companies and for those planning a career in a family firm. All credit units for the major must be taken for a letter grade. MGMT765 and MGMT804 cover separate issues within the same general industry and are not redundant. 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. You can select from 18 MBA concentrations to pursue your goals. The objective in this is to give students as minimally mediated access as is feasible to what the embedded actors knew and thought. The MBA Major in Business, Energy, Environment and Sustainability ("BEES") is designed to provide in-depth foundations for those interested in the complex relationships between business and the natural environment, management of environmental risks, and the business and economics of energy. Students learn from rigorous academic research on successful implementation, as well as a series of seasoned business leaders who will visit to share their own experience from the front lines. You will also have the opportunity to apply your learning to real business scenarios. The Finance major provides students with the analytic and theoretical tools required to master practical issues in Finance, with applications to financial management in business firms, financial institutions, government, and not-for-profit entities. 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. Choose from nearly 200 courses across 10 academic departments, plus many more offered through Penns other 11 world-class schools. 2:00 p.m. to 4:00 p.m. EDT. It will transform you in ways you cannot yet predict, preparing you for the many challenges you will face at Wharton returning to school, transitioning to Philadelphia or adjusting to the U.S., and balancing the demands of academics, career preparation, and co-curricular pursuits. The requirements for the class are regular attendance, active participation in class discussions, a series of homework assignments and a short individual paper in Part I, the group presentation project and a group memorandum from each deal team on what there was to be learned from the Wednesday presentation their week in Part II, and a six-hour take-home exam. In this course, we explore a wide range of negotiation topics from crisis and hostage negotiations, to the role of emotions including anxiety, envy and anger in negotiations, to backlash effects for women in negotiations, and the role of alcohol in negotiations. Contact the Management Department for additional information at: Courseinfo@wharton.upenn.edu. 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. The Finance major provides students with the tools required to take on financial leadership roles in both the private and public sector. 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. It covers the choices, structure, and conditions that enable the successful attainment of strategic objectives. The Diversity, Equity & Inclusion major prepares students to face the challenges involved in creating and maintaining organizations that are diverse, inclusive, and rooted in equity. This course provides you with tools to turn good strategy into successful reality. This course offers students the opportunity to practice the skills needed to do so, now and in the future. The extension allows students to apply the skills they learned in their STEM degree studies in full-time employment in the U.S. The general Management major requires four credit units beyond the required Wharton core. The course is designed to meet the needs of future managers, entrepreneurs, consultants and investors who must analyze and develop business strategies in technology-based industries. 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. As a consequence, students can mold a curriculum that spans issues of managing the internal processes of firms and considerations of strategic advantage for both young and growing, as well as established organizations. 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. All MBA students are required to fulfill the degree requirements of a major. For more information on interdisciplinary MBA degree concentrations, visit the Interdisciplinary Programs page. Organizational awareness: understanding organizational culture. Filters. In short, it prepares students to engage in Corporate Diplomacy (i.e., to influence external stakeholders opinions of the acceptability of a companys operations at a moment in time and to convince internal stakeholders to adapt their behaviors, systems and outputs` when necessary to support an organizational mission). Students majoring in Quantitative Finance are ideally suited for careers in asset management firms or in financial modeling in a broad range of firms. competitive strategy and global strategy is essential to follow this class. This course is crosslisted with MGMT8150. Members of the department share common interests in process management, decision-making, and information. You must apply for admission to this major at the time of your initial Wharton application. Finally, you will test your implementation acumen in a real world-based simulation. 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. Being a supervisor is not the same as leading a team of peers. We will use a combination of lectures, cases, debates, and role play in class. This option is available to students with specific, well-defined, interdisciplinary interests. MBA in Healthcare Management | Wharton MBA - MBA Program The first year is intense. The organizational effectivenessmajor is designed to educate students in leading edge theory and practice associated with employee management and the organizational design. Wharton professors are leaders in their fields . Greetings, Strategic Human Resource Management (SHR) and Industrial Relations Research Institute (IRRI) alumni, Welcome to our December 2022 newsletter. The department is the Wharton Schools base for scholarship and teaching at the intersection of law, ethics and business. To assist you with navigating this robust program is a team of professional advisors that offer guidance in the areas of academics, student life engagement, and career management. In some cases, that means ensuring that whatever practices and approaches we adopt are backed up by solid evidence as to their effectiveness. The class is organized around three distinct but related topics that managers of established firms must consider: strategy, human and social capital, and global strategy. Announcing the first iPhone at Macworld 2007, Apple CEO Steve Jobs famously boasted: "And boy, have we patented it!" This guide covers everything you need to get started on your MBA journey. The class is structured around topical lectures with frequent utilization of case studies requiring active class participation, as well as on-site and off-site project work time. The program requires 19 credit units (CU) to graduate, which is broken up into 3 categories: MBA Core Curriculum 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. We will study the process through a series of lectures, guest presentations, assigned readings, case studies, and a final project. MBA Strategic Management Major - Management Department Crucial to this vision is the anticipation of the moves of your opponent and, in particular, the expectation that your opponent is (almost) as smart as you are. This course can also only be applied towards unrestricted electives at the undergraduate level. With proper course planning, it is possible to complete more than one major. typical investment terms found in the term sheet and the dynamics of negotiation between the entrepreneur and the venture capitalist; compensation practices in a venture capital backed company; and corporate governance in the context of a privately-held, venture capital-backed start-up company and the typical dynamics that play out between VC and entrepreneur in an insider-led, "down round" financing. The emphasis lies on strategic and organizational aspects in the formation and management of these transactions, rather than financial considerations. Some students choose to work on their startup over the summer instead of interning at a company. Format: Lecture, class discussion, simulation/role play, and video demonstrations. The objective of this course is to study the path to entrepreneurship through the acquisition of an existing operating business using the Search Fund private equity model. How do international institutions and interdependencies affect national capitalist institutions? 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. The Management concentration is fulfilled by 4.0 credit units (cu) of MGMT coursework beyond the Wharton-wide requirements of MGMT 1010 (Introduction to Management) and MGMT 3010 (Teamwork and Interpersonal Influence). Thus, the processes used by firms to develop innovations, the choices they make regarding how to commercialize their innovations, the changes they make to their business models to adapt to the dynamic environment, and the strategies they use to position and build a dominate competitive position are important issues facing firms. In unit 3, Limits and Alternatives to Patents, we confront the recent legal trend toward reigning in the power and scope of patents. The cases are drawn primarily from technology-based industries. The first few sessions of the course explore the basic building blocks of the career, outlining our knowledge on the different orientations that individuals take to their careers, how approaches to the career change as people get older, and how different kinds of job moves within and across firms advance careers. By the end of this course, you should be able to: 1)Evaluate the aspects of yo ur identity and personal experiences that shape how you interact and engage with others and how they interact and engage with you in organizations 2)Explain how issues of power, privilege, discrimination, bias, equality, and equity influence opportunity and effectiveness in organizations 3)Propose ways to make relationships across difference in organizations more effective 4)Describe current perspectives on the relationships among diversity, inclusion, creativity, and innovation in organizations 5)Analyze a company's current approach to leading diversity and use content from this course to propose ways to enhance learning and effectiveness in that company. Winter 2022-23 Alumni Newsletter. The Operations, Information, and Decisions major is designed to improve the quality and productivity of enterprises byeducating highly capable professionals; and discovering, developing, and validating new principles, theory, and methods. Complete this form. The class covers both companies launched as digital businesses and traditional companies undergoing a digital transformation. Management - Doctoral We also consider the growing importance of data as a proprietary technology asset, and discuss options for adapting intellectual property strategy appropriately. The Quantitative Finance major aims to prepare students for a wide range of careers in the financial industry, including quantitative asset management and trading, financial engineering, risk management and applied research. For additional information or to apply visit the MBA website. 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. This course provides insight into these questions as it explores the nature of capitalism around the world, with specific reference to Brazil, Russia, Ukraine, China, Hungary, Nigeria, South Africa, Singapore, Israel, Argentina, and the advanced OECD countries. This course is designed to depart from the U.S.-centric conversation on startups - with its outsized focus on Silicon Valley - and train a critical eye on some of the unique innovations emerging from new regional hotspots across the globe, with a particular focus on developing and emerging economies. Writing: In WHCP 621, students will improve their ability to organize and develop the kinds of persuasive arguments theyll need to lead teams and effect change. How HCM Is Different Spans the health care sector The course uses a combination of cases, simulation and readings. (To everyone's surprise, the lack of easy access. Alternative growth strategies to strategic alliances (e.g., acquisitions), the impact of these partnerships on competition within an industry, and regulatory constraints will also be discussed. You will learn about who loses and who gains from trade, what are the effects of tariffs and non-tariff barriers, the World Trade Organization (WTO), regional trading blocs, and NAFTA. Content encompasses strategic and entrepreneurial management, as well as the management of people and organizations across national and cultural borders. The statistics major teaches students to develop a systematic and effective approach to data, draw inferences and conclusions, and communicate results. Note, however, that the case discussions are mainly based on strategic (not technical) issues. The MBA curriculum is inspired by the MBA program of Wharton School of the University of Pennsylvania as it is one the best in the world and all almost their core courses are available on Coursera. Wharton tops the FT MBA ranking for a record 11th timethe first since 2011after placing second in 2020. The core idea is that leadership is about making a difference in all aspects of one's life. We will discuss various types of firms in the Chinese economy--from large state-owned enterprises (SOEs) to newly minted Internet giants, from prominent multinational companies (MNCs) to virtually anonymous local suppliers--and the unique institutions in which these firms operate. 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. This course is designed for those persons who desire to understand the distinct strategies and practices of family-controlled companies and family wealth creation. Most majors consist of five CUsusually four CUs in addition to the core curriculum. 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 In the first (Monday) session, the student teams present their deal to the class, laying out strategic motivations, analyzing key structuring moves, and exploring the advantages and disadvantages of proceeding in the way the participants did. Learn techniques such as least-squares estimation, tests and confidence intervals, correlation and autocorrelation, collinearity, and randomization. The course aims to develop students in three specific ways. It will focus on stakeholder decision making; financial and resource driven options for long-run competitiveness, organizational structures, management team issues; strategic planning from a resource-based perspective; transition planning for the corporate entity, family dynamics, communication issues; and leadership empowerment. Materials: Textbook and course pack. The flexible structure of the core course allows you to take more electives in the first year to prepare for an internship, global experience, business venture, or other interests, and defer some core requirements to their second year. Organizations are inherently political arenas that require social astuteness, and an understanding of the "rules of the game." For example, over 600,000 people return home from U.S. prisons each year. Housing and meals are not included in the tuition. The course will be structured in three primary parts. This course examines the relationships between corporate managers, the boards of directors charged with overseeing them, and investors. Creating a profitable social entrepreneurship venture is by no means a simple challenge. MBA Management Major - Management Department Lastly, a course taken to fulfill a core requirement for a major cannot double count for the elective requirements of the same major. Advisor: Sara Jane McCaffrey(for current Wharton Students only, Prospective students should contact the Admissions office) People in the workplace are constantly interacting with peers, managers, and customers with very different backgrounds and experiences. Your fellow studentsare a comprehensive support system to help you make the most of your MBA experience. The Wharton Communication Program helps prepare business leaders for the communication challenges they will face as business and community leaders. We will focus on the following objectives: identifying the talent needed to initiate and sustain an entrepreneurial endeavor; structuring human resource policies and corporate culture to prepare for and facilitate firm growth; assessing the human aspects of valuing entrepreneurial companies; and responding to conflict and organizational threats within nascent firms. Human Resources Manager. When our students and alumni reflect on their Wharton experience, Pre-Term is among their fondest memories. The Wharton School of the University of Pennsylvania is home to the world's best MBA program, according to the 2022 Financial Times MBA Ranking. We then move to multinational firm strategies, including a discussion of the reasons for why firms choose to do business globally through trade or FDI, international tax strategy, joint ventures, technology transfer, different ways to be a multinational firm, and ethical dilemmas. MGMT 610 is the first core course in the MBA Program and it cannot be waived. Concentration. Additionally, MGMT 6900 cannot be double-counted toward the OIDD flex-core and as an elective within the Management major. AND. This is a course on creating a business to attack a social problem and thereby accomplish both social impact and financial sustainability. ESG scores have been demonstrated to be unreliable, incomplete and biased and often lean on outdated and/or incomplete information obtained through voluntary unaudited disclosure. It prepares students for a professional career in the quantitative modeling of financial markets. Recent years have seen a growing movement to bring more science to how we manage people. MBA Major: Business, Energy, Environment and Sustainability How does this decision relate to your career goals for the future? Minimum Required Education: Bachelor's degree in human resources or business, communications or psychology; master's degree sometimes . The course provides a practical guidance for developing the product or service, forming the entity, raising capital building the team, establishing partnerships, and sourcing professional services. They range from bilateral arrangements to ecosystems to outsourcing, often blurring traditional organizational boundaries and leading to the creation of globally distributed enterprises. industry structure, competitive landscape, political, social, and economic environment -- for evidence of external fit. When people talk about their "boss," they are almost always referring to the person who supervises them. Graduates from this major are better prepared to accept future career challenges. The Wharton MBA Curriculum provides a flexible approach to learning. The Organizational Effectiveness major requires four credit units beyond the required Wharton core. These Part I classes are accompanied by exercises of various sorts. Students whose interests do not conform to existing MBA disciplines may petition for the approval of an individualized major. MGMT 801 is the foundation coures in the Entrepeurial Management program. Game theory has become an important tool for managers and consultants in analyzing and implementing tactical as well as strategic actions. It is recommended students take MGMT 801 before enrolling in this course. Format: A custom-designed Wharton-only simulation is paired with course sessions to deliver a unique learning experience. The course is fundamentally pragmatic in its outlook. The multinational managementmajor focuses onmultinational management complemented by functional electives in the areas of finance, marketing, accounting, legal studies, public policy, real estate or health-care management. Coursework provides the quantitative and qualitative tools necessary for leadership. Individualized majors require forethought and planning to complete. Students create real business plans, work on other field projects, and gain access and insight from entrepreneurial business community leaders. MBA Majors & Concentrations | The Wharton School Polk Carey JD/MBA Program, Leadership Ventures & Experiential Learning, Deferred Admission Moelis Advance Access Program, Check out all of Whartons global offerings. Students will engage in a number of simulated negotiations ranging from simple one-issue transactions to multi-party joint ventures. Module II focuses on applications to learn the ingredients for successful change management and implement concepts from Module 1. In the process, well sharpen our lens for which technological changes have effects on entire organizations rather than simply individual jobs. 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. Strategic Management Major (Requirements for class of 2022) . The four credit units can be fulfilled by taking any of the departments electives beyond the required Wharton core. Areas of faculty expertise include deregulation and privatization, technology, public and urban finance, and international industrial policy. Faculty List - Management Department You will be highly involved in extracurricular activities, including clubs, conferences, sports and other student-run initiatives and events. Youll have a choice of advanced topics during the Spring speaking courses.