EMBA in General Management, Focus on: Digital Transformation (English)

This course equips participants with fundamental financial and accounting concepts to make evidence-based strategic and managerial decisions. Participants learn to connect financial ratios and key performance measures to strategy, interpret financial statements of their own firms and gain insight into the relevance and limitations of key financial statements, in order to be more effective at interacting with accounting and financial groups, and be able to ask the right questions and use this data to create winning strategies.

We begin with an understanding of fundamental macroeconomic theories on national economic indicators, fiscal and monetary policy, and international trade. Next, participants study core microeconomic insights about the efficiency of market exchange and market failures. While standard economic modelling assumes fully rational decision makers, we examine important findings from psychology and economics on predictable irrationalities in individual decision-making.

You have created a breakthrough new product that could disrupt your industry, but can you successfully bring it to market? After all, the world is full of innovation. The biggest challenge is differentiation. This course combines the fundamentals of consumer psychology, market analysis, traditional and unconventional marketing and public relations strategies, so participants can systematically and successfully launch innovative products and services. Using cases and real-life scenarios, we identify key success factors for a successful innovation introduction, understand how to build a successful brand strategy, create development, and launch plans for new innovations.

Even the most intriguing business idea will fail if it is not competently embedded in a suitable framework of financial management. An ability to speak the language of finance, an understanding of what creates value, and an awareness of how to orient an organization towards value creation in a constantly changing environment are essential characteristics of successful business leaders.

This foundational course equips participants with the basics of sound financial management of organizations. Participants become familiar with modern aspects of capital budgeting, company valuation, financing, and value-based management. They will also learn about current opportunities and challenges in managing the value of companies in the light of technological advances. Live cases deepen the learning experience.

This course provides an overview of state of the art prescriptive analytics to approach business challenges in the digital age. Participants learn how to analyze processes, identify crucial tradeoffs and make value-enhancing decisions. Selected topics include queueing models, revenue management, management of service platforms and blockchain applications.

In the digital age, companies are increasingly confronted with the necessity of strategic and organizational change. In this course, we will discuss how leaders can prepare their firms for change. We will discuss the different challenges associated with identifying the need for change and with preparing the workforce for the implementation of planned change. Based on real-life examples, we will explore effective concepts and tools that can help master those challenges.

This session will shed light on how strategic choices are shaped by digital transformation, the pace of change and the imperative it creates for businesses. We will explore how companies are adapting (or not) and leveraging new opportunities in this competitive, technologically driven environment. We will focus on what companies are doing in the different dimensions of their activities and the key challenges they face while embarking on a digital journey.

We will place special emphasis on the digital strategies companies are putting in place to engage with external partners and to harness open innovation to reinforce internal capabilities, different collaboration models and the most advanced strategies in innovation scouting.

This course delivers evidence-based frameworks on leadership and is carefully delivered to ensure participants have sufficient opportunity to understand, apply and practice these concepts. Participants will first establish their leadership purpose and build a robust, personalized plan to close the gap between their current leadership capability and desired end state. Participants will also develop strategies to influence and motivate teams and shape the organizational culture needed to embrace digital innovation.

The purpose of this course is to study the fundamentals of modern data analysis as they pertain to leadership in the digital age. Participants will learn about the potential pitfalls in data collection and how they may lead to biased data sets. The discussion will then move to a critical evaluation of the presentation of data in graphs or via summary measures. Finally, the focus of the course will be on the analysis of data sets and on the interpretation of numerical results for business purposes.

The course aims to provide participants with an introduction and an overall framework of value creation in the digital age. Key concepts of digitalization will be introduced, i.e. platformization and datafication, and the GEAR framework of digital value creation, i.e. governing (who), enabling (why), amplifying (what) and realizing (how) digital value creation. The framework will also serve as a navigator: Realizing Digital Value Creation (RDVC).

While digital markets offer great profit opportunities, online businesses pose distinctive management challenges like strong network effects. In this course, we will explore how to successfully navigate these challenges. We will discuss strategies for launching a new online business, strategies for gaining market control, and strategies for the successful evolution of a business. In the last part of the course, we will discuss how market design techniques, e.g., dynamic pricing and reputation systems, can be used to create a well-functioning digital marketplace, and what new business opportunities blockchain technology offers.

Humanity generates an estimated 2.5 exabytes a day. This data is also called the oil of the 21st century as it is expected to contain a plethora of actionable insights. But the abundance of data makes consuming it like trying to drink water from a fire hydrant – a losing proposition. As a consequence, AI techniques are heralded as the solution.

This course introduces the relevant techniques to collect, process, and gain insights from large amounts of data. First, we will cover Big Data technology and illustrate how a start-up can process exabytes with simple scripts and a credit card. Next we will introduce artificial intelligence techniques and how they can be used to mine data. Finally, we will focus on more recent AI technologies such as deep learning that have revolutionized many application domains. Practical exposure to these techniques show how they can be used and provide insights on the maturity of these techniques.

Digitalization transforms organizations from individual workplace to a divisional structure within the business ecosystem. Organizations need to be agile and react to external changes and opportunities while also preserving a stable core. In most organizations, this critical interplay of stability and agility is typically first tested and addressed at the IT department. This course therefore first examines how IT departments reach out to the business in an agile way and then expands on the characteristics of agile organizations.

In this course participants will be introduced to the theory of disruptive innovation and will learn the patterns that lead established companies to fail and new entrants to win. They will also learn how incumbents can successfully react to disruptive attacks and how new entrants can develop disruptive business models. A special focus will be on digital disruption and on how digital technologies transform business models. Participants leave with a new perspective on understanding customer needs and identifying growth opportunities.

The ethical challenges surrounding digital transformation are not limited to the protection of privacy. In this module, participants will learn relevant ethical and legal principles and how to apply them to a variety of digital transformation cases ranging from algorithmic discrimination and decision-making to liability issues triggered by autonomous systems, and the concept of contextual integrity of data. We will also examine the similarities and differences between the ethical and legal approaches to addressing these challenges.

You can read about entrepreneurship in a case and discuss innovation in a classroom but the only way to experience being on the cutting edge of business is to go to Silicon Valley. Here, you’ll have unfettered access to entrepreneurs and executives, learn about idea generation, start-ups, rapid growth, financing, IPOs, and leading explosive growth.

Discover the ecosystems that facilitate the entrepreneurial spirit, develop your innovation network, and discover the keys to building your innovative mind-set.
Immerse yourself in the unique ecosystem that combines interdisciplinary academic powerhouses like Harvard, MIT and start-ups in life sciences and data analytics that deliver scientific breakthroughs and technological advances.

The US East Coast is also home to some of the best-known technology and biotech companies in the world, which have been operating as large enterprises for decades. Perhaps it is the Wall Street effect, but investors on the East Coast take a more hard-nosed approach to business. Discover the difference in pitching, negotiating and accelerating in the US East Coast.

Known as one of the most entrepreneurial countries, Israel receives the most start-up funding in the world after the United States. Despite having almost no natural resources and poor infrastructure, Israel emerged in the 1990s as a high technology powerhouse, becoming known as “Silicon Wadi.”

Here, you will access the effective and sustainable entrepreneurial methodologies used by established corporations to transform ideas into value generating products and services. You will be given state of the art models, theories and practical tools in fields of innovation and entrepreneurship, based on methodologies and insights that Israeli professionals and academics have developed over the years.

Meet with government and business executives and experience the ecosystem that drives entrepreneurship in the “Start-up Nation”.

Understand business with the world’s new digital-age super power.

With the new and emerging trends in e-commerce, automotive, e-payment, AI, Big Data, Face Recognition and other technologies, China is set to lead the way as it transforms its market, economy, and society into a global, financial, manufacturing, and cyber powerhouse. The “New China” will affect almost every region around the world, every industry, both online and offline.

While the Chinese government continues to promote innovation by enhancing support for the commercialisation of scientific and technological achievements, the environment is challenging and competition is fierce.

Get on-the-ground insights on the dynamic Chinese economy, markets and culture. You’ll learn from executives who demonstrate the grit and innovative spirit needed to thrive in this budding international centre for innovation.

Switzerland is a thriving proving ground for start-ups and an innovation hub for digital, medical and financial technologies.

Here, diverse sectors of the economy come together to promote innovation. You will experience how businesses, governments and universities actively collaborate and exchange knowledge to expedite the transfer of research into marketable products and services.

Set against this backdrop, you will learn how to ideate and prototype your capstone project in an incubator environment under the guidance of leading innovators from Switzerland’s diverse sectors. You will also expand your understanding of the various factors in the innovation ecosystem that are required to launch successful breakthrough digital transformation initiatives.

Throughout the program, you will work on current business challenges from real companies in Switzerland, Israel and the USA. Instead of learning from business school case studies, executives of companies from different industries and sectors present the challenges they face and ask you to provide them with a business solution. Working in teams, you will draw upon the diverse expertise and analysis of your team members to create innovative solutions and receive real-time feedback from the company’s executives on the viability of your proposed models, processes, products or services.

A differentiating feature of the new program is the challenging but critical suite of courses on digital value creation. The suite consists of two courses: Mastering Digital Value Creation and Realizing Digital Value Creation. Together, they immerse participants in incubator settings around the world, connect them with global change agents and give them a compass to thrive in the digital age.

Mastering Digital Value Creation launches the pioneering journey by providing an overall framework to help participants navigate and synthesize all subsequent courses. In this foundational course, participants learn key concepts of digitalization and trends affecting value creation in the digital age. Over the next 15 months, using these concepts as a framework, they will fuse insights from each course to achieve their thesis project.

Next, to create value in the digital age, participants need to ideate, prototype and design in the field. This is why, the second phase of the journey, Realizing Digital Value Creation, takes place in interactive start-up environments around the world.

With global innovation hubs as a backdrop, participants begin to move through the phases of innovation under the guidance of experienced change agents. To capitalize on the diverse approaches of innovative thinkers, faculty will be joined by representatives from large tech companies who have been pioneers in their own right, serial entrepreneurs, who have gone through the process of spotting opportunities and failures, and more established companies who have had to recognize and adapt to digitalization. All these change agents have one thing in common: they have dramatically transformed businesses and even whole industries.