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Growth – Managing Your Firm

Course number

KTH: ME2817, SSE: 8064, KI: 2XX051, KFK: SSES23, SU: FE6603

Schedule

Fall 2017

Dates

Fall 2017: Oct  30 - Dec 13

Structure

The course runs after 5 pm on Mondays and Wednesdays in 2-3 hour sessions

Worth: 7.5 ECTS-credits

Taught at

Stockholm School of Economics

Swedish course name

Tillväxt

NB: BSc-participants need to be admitted to the BSc-programme at SSE

Running an expanding business demands a whole lot from any entrepreneur. Growth shares skills and insights needed to manage entrepreneurial firms under those challenging but exciting conditions.

Intended learning outcomes

The indented learning outcomes for the course are for the student to be able to:

  • analyse and explain why firms grow and what it means for society as a whole
  • explain different kinds of resources and its importance for firm growth
  • explain the concept of competitive advantage and analyse the competitive advantages of high growth enterprises
  • describe the concept of international growth and explain for whom and why it may be appropriate
  • describe different kinds of venture capital, use basic models of corporate valuation and argue for its importance for ventures in different growth stages
  • explain the concept of exit model, for whom and why a certain exit model would be appropriate
  • adapt personal goals and corporate strategies to change personal and business conditions
  • argue for common challenges when deciding to expand and grow a venture
  • understand and demonstrate how a company can remain entrepreneurial when entering a growth phase

Content

The objective of this course is to provide students with insights into the problems and opportunities involved in managing growth in entrepreneurial ventures. The course is designed to introduce a series of concepts, frameworks, and heuristics that enable people to manage entrepreneurially in organisations of all sizes and types.

The course focuses on the decisions and actions owner-managers take in recognising and choosing opportunities, obtaining and allocating resources, challenging and directing personnel, and adapting personal goals and corporate strategies to changing personal and business conditions. In this process, the course examines management challenges that are typical of different stages in the business’s development – start-up, growth, change of direction, etc.

Using this framework, the course will discuss issues of particular importance to rapidly growing firms such as developing networks, managing with limited resources, cash planning, delegation, and professionalizing the business as it grows, dealing with crises, while at the same time being careful to avoid stifling the entrepreneurial spirit as the organisation becomes larger and more complex.

Teaching and learning activities

The course will mix and match lectures with debates, discussions and workshops by the students as well as leaders in the field.

Grades and form of assessment

Examination

The student’s grade will depend on three factors:

  • Individual pre-class case analysis
  • Literature Review
  • Field report

Attendance

Attendance is compulsory.

Additional information

The course language is English.
The course is offered within the framework of the Stockholm School of Entrepreneurship.
Responsible institution: Stockholm School of Economics (SSE)

Literature and teaching aids

Literature will be announced in connection to the start and communicated to enrolled students.

Teacher(s)

Nadav Shir

Course Director

Nadav Shir is a researcher and teacher at the Stockholm School of Economics. He has been living in Sweden since 2003 and holds a Ph.D. degree in Business Administration from the Stockholm School of Economics. In the years 2012/2013 he was a visiting researcher at New York University/Stern School of Business. He is fluent in English, Swedish, and Hebrew.

Nadav‘s research and teaching mainly concerns the intimate relationship between entrepreneurship and well-being. More specifically he looks at how individuals’ well-being is related to entrepreneurship; to motivation, commitment and determination to enter into and persist in entrepreneurial activities, as well as to creativity, problem solving and innovation in organizations.

For his dissertation, Nadav has developed a novel theoretical framework that is currently being adopted by the Global Entrepreneurship Monitor (GEM) Consortium, the largest ongoing study of entrepreneurial dynamics in the world. Nadav also gives lectures and workshops on how to support employee motivation and well-being to stimulate innovation and creativity in organizations.