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Rolf Strom-Olsen

This course is designed for students of all backgrounds who have an interest in how firms are governed, the forces that have helped define modern management practice, and the outcomes of that practice not only for the firm itself, but also for the societies in which they operate. For students who are thinking of a career in management, it may also prove useful as a basic introduction to some of the conceptual vocabulary and ideas behind modern theories of management.

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This course is designed for students of all backgrounds who have an interest in how firms are governed, the forces that have helped define modern management practice, and the outcomes of that practice not only for the firm itself, but also for the societies in which they operate. For students who are thinking of a career in management, it may also prove useful as a basic introduction to some of the conceptual vocabulary and ideas behind modern theories of management.

Using a wide disciplinary approach - from economics and history to social theory and even a smattering of biblical criticism - the course will invite students to consider several core management strategies and priorities from often unexpected perspectives in order to judge their success or failure. The key objective of the course is to bring into critical focus how we think about the function and culture of management, how managers understand their role within a firm, how they take decisions, set priorities and benchmark success and failure.

Topics include: the function of the firm; the role of incentive; the ways in which narrative forces shape decision making, and how market relationships define the managerial culture in ways that can lead to sub-optimal outcomes.

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What's inside

Syllabus

The Lessons from Rome Part I
In Ancient Rome, merchant organisations very similar to modern firms were critical to capitalising key markets and to solving serious logistical problems to enable a vibrant trading network across the Mediterranean, including, critically, supplying the city of Rome itself with the food its citizens needed to survive. We will examine the Roman grain market and the organisations that operated within that market to ask: what, exactly, is a firm? What led to the firm's evolution? And what is the issue of agency that a firm inevitably entails?
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Taught by Rolf Strom-Olsen, who are recognized for their work in the topic that the course teaches
Develops management skills and knowledge, which are core skills for business leaders
Examines the function and culture of management, which is highly relevant to business and organizational settings
Teaches strategies and priorities from unexpected perspectives, which may challenge learners' assumptions
Requires students to come in with some background knowledge in management or related fields
Uses a wide disciplinary approach, which may appeal to learners with diverse interests

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Reviews summary

Critical historical view of management

According to learners, this course offers a truly unique and critical perspective on management, diverging significantly from traditional business curricula. Students find the historical and multidisciplinary approach, drawing from economics, history, and even biblical criticism, to be highly engaging and thought-provoking. Many highlight the instructor's expertise and the brilliant insights provided in the lectures. The focus on topics like shareholder value and the use of compelling case studies (such as Apple and Nokia) are frequently praised. While some learners note it's more theoretical than practical, the majority appreciate its ability to challenge conventional assumptions about management.
More theory than practical application.
"While intellectually stimulating, it felt more theoretical than focused on practical, day-to-day management skills."
"Those seeking hands-on business strategies might find it less applicable immediately."
"Its value is more in shifting your perspective than providing direct tools."
Uses relevant company examples.
"The case studies, especially Nokia, effectively illustrated the course concepts."
"Applying the critical perspective to real companies like Apple was very helpful."
"Found the case studies provided good anchors for the theoretical ideas."
Deep dive into key corporate principle.
"The lecture on shareholder value was the most impactful for me."
"Analyzing the history and consequences of focusing on shareholder value was eye-opening."
"Found the discussion on shareholder value particularly relevant and well-done."
Prompts critical thinking about management.
"This course really challenged my conventional assumptions about how firms work."
"It completely changed how I view the role of management and corporate goals."
"Forces you to think critically about accepted business practices."
"I gained a much deeper, more critical understanding of management."
Draws insights from diverse fields.
"Loved how the instructor wove in history, economics, and even biblical criticism."
"The multidisciplinary approach provided unexpected and valuable insights."
"Combining history and social theory with management was fascinating."
Offers a non-traditional, critical view.
"This course offers a truly unique perspective on management."
"It diverges significantly from traditional business courses I've taken."
"The critical lens applied to standard management practices was refreshing."
"Not your typical MBA course - it makes you think differently."
Instructor is insightful, lectures engaging.
"The lectures were highly engaging and easy to follow."
"The instructor's insights are brilliant and well-articulated."
"Found the way the material was presented captivating."
"The instructor made complex ideas very accessible."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Critical Perspectives on Management with these activities:
Review 'Understanding Corporate Management'
Review key concepts in corporate management to provide a foundation for the course.
Show steps
  • Read Chapters 1-3
  • Summarize the main points of each chapter
  • Identify key concepts and definitions
Review fundamental business concepts
Ensure a strong foundation in business principles before starting the course.
Browse courses on Business Concepts
Show steps
  • Review notes or materials from previous business courses
  • Read articles or books on key business concepts
  • Take practice quizzes to test your knowledge
Participate in online discussion forums
Engage with peers and instructors to clarify concepts and share insights.
Show steps
  • Join the course discussion forums
  • Read and respond to other students' posts
  • Ask questions and seek clarification
Five other activities
Expand to see all activities and additional details
Show all eight activities
Watch videos on management theories
Gain a better understanding of different management theories and their practical applications.
Show steps
  • Search for videos on management theories
  • Watch at least 3 videos
  • Take notes on key concepts and examples
Solve practice problems on management decision-making
Develop problem-solving skills and enhance understanding of decision-making processes.
Show steps
  • Find practice problems online or in textbooks
  • Solve the problems using course concepts
  • Check your answers and identify areas for improvement
Create a mind map of management functions
Reinforce understanding of the core functions of management and their interrelationships.
Browse courses on Management Functions
Show steps
  • Identify the main management functions
  • Create a visual representation of the functions
  • Explain the connections between the functions
Connect with professionals in the management field
Establish connections with experienced professionals for guidance and insights.
Show steps
  • Identify potential mentors through LinkedIn or industry events
  • Reach out to potential mentors and introduce yourself
  • Request informational interviews or mentorship opportunities
Develop a case study analysis
Apply course concepts to real-world business scenarios and develop critical thinking skills.
Browse courses on Case Study Analysis
Show steps
  • Select a relevant case study
  • Analyze the case using course frameworks
  • Write a report outlining your analysis and recommendations

Career center

Learners who complete Critical Perspectives on Management will develop knowledge and skills that may be useful to these careers:
Management Consultant
Management consultants help organizations improve their performance by providing advice and guidance. This course would give you the knowledge and skills to understand business problems, develop solutions, and implement those solutions. This knowledge and skills are essential for any management consultant who wants to be successful.
Operations Manager
Operations managers are responsible for the day-to-day operations of a company. This course would give you the knowledge and skills to manage operations, improve efficiency, and reduce costs. This knowledge and skills are essential for any operations manager who wants to be successful.
Business Analyst
Business analysts identify and solve business problems by analyzing data and developing solutions. This course would provide you with the skills to analyze data, understand business processes, and develop innovative solutions. These skills are essential for any business analyst who wants to be successful.
Project Manager
Project managers are responsible for planning, executing, and completing projects. This course would give you the knowledge and skills to plan projects, manage resources, and track progress. This knowledge and skills are essential for any project manager who wants to be successful.
Financial Analyst
Financial analysts provide financial advice to individuals and organizations. This course would give you the knowledge and skills to understand financial markets, analyze financial data, and make investment recommendations. This knowledge and skills are essential for any financial analyst who wants to be successful.
Investment Banker
Investment bankers help companies raise capital and make mergers and acquisitions. This course would give you the knowledge and skills to understand financial markets, analyze investment opportunities, and structure financial transactions. This knowledge and skills are essential for any investment banker who wants to be successful.
Entrepreneur
Entrepreneurs start and run their own businesses. This course would give you the knowledge and skills to understand business principles, develop business plans, and launch new businesses. This knowledge and skills are essential for any entrepreneur who wants to be successful.
Nonprofit Manager
Nonprofit managers lead and manage nonprofit organizations. This course would give you the knowledge and skills to understand nonprofit principles, develop nonprofit strategies, and manage nonprofit organizations. This knowledge and skills are essential for any nonprofit manager who wants to be successful.
Government Manager
Government managers lead and manage government agencies. This course would give you the knowledge and skills to understand government principles, develop government policies, and manage government agencies. This knowledge and skills are essential for any government manager who wants to be successful.
Chief Executive Officer
CEOs provide high-level guidance and make the final decisions that shape a company's goals and objectives. Taking this course would give you the knowledge of how to manage a company, how to make decisions, and how to navigate the complexities of the business world. This knowledge is essential for any CEO who wants to be successful.
Product Manager
Product managers are responsible for the development and launch of new products. This course would give you the knowledge and skills to understand customer needs, develop product specifications, and launch new products. This knowledge and skills are essential for any product manager who wants to be successful.
Marketing Manager
Marketing managers are responsible for developing and executing marketing campaigns. This course would give you the knowledge and skills to understand marketing principles, develop marketing strategies, and track marketing results. This knowledge and skills are essential for any marketing manager who wants to be successful.
Sales Manager
Sales managers are responsible for leading and motivating sales teams. This course would give you the knowledge and skills to understand sales principles, develop sales strategies, and manage sales teams. This knowledge and skills are essential for any sales manager who wants to be successful.
Educator
Educators teach and train students. This course would give you the knowledge and skills to understand educational principles, develop lesson plans, and teach students. This knowledge and skills are essential for any educator who wants to be successful.
Lawyer
Lawyers provide legal advice and representation to clients. This course may be useful for lawyers who want to understand the legal aspects of business and management.

Reading list

We've selected 45 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Critical Perspectives on Management.
Provides a comprehensive overview of the history of firms, from their origins in ancient Rome to their modern incarnations as global corporations. It is an essential read for anyone who wants to understand the role of firms in the economy.
Provides a comprehensive history of the firm, from its origins in the ancient world to its modern incarnation as a global economic powerhouse. It is essential reading for anyone who wants to understand the role of firms in society.
Provides a historical perspective on the evolution of the firm and its role in the economy. It useful reference for understanding the origins and development of modern management practices.
Explores the challenges that large, established firms face when it comes to innovating. It provides valuable insights into the process of innovation and how firms can avoid the innovator's dilemma.
Provides a framework for evaluating the quality of a strategy. It practical guide that can help managers to develop and implement more effective strategies.
Provides a step-by-step guide to building a successful startup. It is based on the principles of lean manufacturing and is highly relevant to the course's focus on entrepreneurship.
Examines the role of narratives in shaping economic behavior. It provides a new perspective on how firms can use narratives to their advantage.
Explores the challenges that established firms face when they try to innovate. It provides a framework for understanding why firms often fail to innovate, and it offers advice on how to overcome these challenges.
Provides a long-term perspective on the history of economic growth in the United States. It thought-provoking work that challenges conventional wisdom about the future of economic growth.
Critiques the shareholder value maximization model of corporate governance. It argues that this model has led to a number of problems, including short-termism, excessive risk-taking, and inequality.
Examines the role of narratives in shaping economic behavior. It provides insights into how managers can use narratives to influence decision-making and create value.
Provides a comprehensive analysis of the distribution of wealth in the United States and other developed countries. It groundbreaking work that has sparked a renewed debate about inequality.
Explores the role of narrative in shaping our understanding of the world. It provides a framework for understanding how narratives work, and it offers advice on how to use narratives to communicate more effectively.
Highlights the importance of serving the needs of low-income consumers. It provides insights into how businesses can create profitable and sustainable growth by focusing on this market segment.
Provides a comprehensive bibliography of management literature. It is an essential resource for anyone who wants to learn more about the field of management.
Provides a fascinating look at how ideas and trends spread through society. It thought-provoking work that can help managers to understand and harness the power of social media.
Challenges the idea that shareholder value is the only goal of a firm. It argues that firms have other stakeholders, such as employees, customers, and suppliers, who also have legitimate interests.
Provides a framework for understanding and developing innovative capabilities. It valuable resource for managers who want to create a culture of innovation in their organizations.
Argues that the traditional model of management is dead. It offers a new model of self-management that is based on the principles of autonomy, purpose, and mastery.
Provides a case study of the rise and fall of Nokia, one of the world's leading mobile phone companies. It offers insights into the challenges that firms face in a rapidly changing global economy.
Provides a practical guide to Lean Six Sigma, a process improvement methodology that can help managers to improve the quality and efficiency of their operations.
Critiques the management profession. It argues that management is more about luck and charisma than it is about skill and knowledge.
Provides a comprehensive overview of the new economy. It offers valuable insights into the challenges and opportunities that firms face in the digital age.
Provides a comprehensive overview of the global economy. It offers valuable insights into the challenges and opportunities that firms face in the global marketplace.
This short manifesto outlines the principles of agile software development, which can help managers to develop and deliver software products more quickly and efficiently.
Provides a critical introduction to management. It challenges traditional assumptions about management and offers a new perspective on the role of managers in society.
Provides an inside look at the management consulting firm McKinsey & Company. It practical guide that can help managers to develop their consulting skills.
Provides insights into the challenges of building and running a successful company. It valuable read for entrepreneurs and managers who want to learn how to overcome the obstacles that they will inevitably face.
Provides a framework for developing and implementing a balanced scorecard, a performance measurement system that can help managers to align their organization's strategy with its operations.
Explores the concept of creating new markets and monopolies. It valuable read for entrepreneurs who want to learn how to build businesses that are truly innovative and disruptive.
Provides a practical guide to getting your startup off the ground. It valuable resource for entrepreneurs who want to learn how to attract users, build a following, and generate revenue.
Provides a framework for developing and implementing an HR scorecard, a performance measurement system that can help managers to measure the impact of their HR initiatives.
Provides a framework for developing and implementing a performance prism, a performance measurement system that can help managers to measure the impact of their organization's strategy on its stakeholders.
Provides insights into the challenges and opportunities of starting a business with limited resources. It valuable read for entrepreneurs who want to learn how to overcome financial constraints and build a successful enterprise.
Explores the future of management. It offers a vision of how management will need to change in order to meet the challenges of the 21st century.
This encyclopedia article provides a comprehensive overview of management philosophy. It covers a wide range of topics, including the nature of management, the role of managers, and the ethics of management.
This encyclopedia provides a comprehensive overview of management. It covers a wide range of topics, including management theory, research methods, and case studies.
This handbook provides a comprehensive overview of management. It covers a wide range of topics, including organizational behavior, strategic management, and operations management.

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