Interactive Value Creation (8015371)
The following details taken from the examination regulations MSWIWI/14, SMPO WS 21/22 are for information purposes only and not legally binding. For legally binding information, please refer to the corresponding official examination regulations of the program Master in Management, Business and Economics.
- Master in Management, Business and Economics
- Course Type:
- Lecture Unit/Exercise Unit
- Winter term
- Second half of the semester
- Course Units:
- Course Limit:
- Erasmus Capacity:
- Compulsory Attendance:
This course will introduce the participants into the concept of a strategy of interactive value creation (IVC) by companies through interaction and integra-tion of external actors, especially users (customers). IVC is an umbrella term addressing recent concepts liked common-based peer production (Benkler), Wikinomics (Tapscott), Crowdsourcing (Howe, Lakhani), User Innovation (von Hippel), Open Innovation (Chesbrough), and Mass Customization (Pine, Piller), but also agile supply chains and new forms of distributed problem solving in the innovation process.
The course aims at building a theoretical framework and at enabling participants to critically differentiate IVC from other concepts of organizing division of labour, inter-organizational supply chains, and knowledge transfer. In order to achieve this, the potentials and limitations for empirical cases, based upon the current scientific debate and research, will be discussed. Further, two distinct applications of interactive value creation along the innovation process will be discussed more in detail: open innovation and mass customization.
Classroom sessions are likely to comprise a mixture of traditional lectures, case/paper discussions and student presentations. Please note that a detailed course outline and reading list will be made available in L2P ahead of the first session.
After participating in this course, students should be in a position to:
• Understand the concept of interactive value creation, the principles for explaining labour division in economic activities, the benefits of interactive value creation from a multi-dimensional stakeholder perspective, and the organizational aspects for im-plementing an interactive value crea-tion
• Know the basic activities and processes needed in order to establish a system of customer-centric value creation.
• Differentiate the various approaches and methods how principles of IVC are applied in the practice of an organization, and critically evaluate these approaches for their usefulness in particular markets and business fields.
• Critically analyze and interpret journal articles and effectively communicate research findings
The course grade will be determined based on one of the following modes of evaluation:
(A) Colloquium (class participation) (55%, graded) and examination (45%, graded, 60min.); or
(B) Colloquium (class participation) (55%, graded) and paper (45%, graded); or
(C) Examination (100%, graded, 60min.)
The final mode of evaluation (A, B, or C) will be announced and publicly displayed prior to the first class session. In general, grading for this class will be based on mode B.
No information available in English at the moment.
Grundlagenliteratur: Reichwald/Piller: Interaktive Wertschöpfung, 2. Auflage, Gaber Verlag 2008.
Weitere Vertiefungsliteratur wird jeweils in der Veranstaltung genannt.