The Short Program - Intensive Course
Innovation is today happening in centers of excellence around the world faster than ever before. This contrasts with the trouble-ahead warnings that business and government leaders are currently facing.
After a relatively long period of stable ‘rules of the game’ for business since 1945, the template of continuously increased openness, international trade, and globalization is today challenged on a number of accounts. Multinational (and domestically active) corporations face changing conditions and have to respond in novel, innovative ways.
The best antidote to stagnation is innovation, the creation of products and services that make life better—whether it's air conditioning, vaccines, or text messaging. Every country wants to foster a culture of innovation, but it's not easy to do. The magic and love for entrepreneurship and experimentation must be there. Bloomberg's ranking of the world's 50 most innovative countries focuses on six tangible activities that contribute to innovation, and Sweden consistently ranks in the top ten. The purpose of the intensive course is to study if a broad formula for innovation can in fact be identified, and what companies, and governments, need to do to reproduce it.
This Program will introduce participants to the “new world” of international business and, with the help of scholars at the research frontier and study visits to successful startups and leading established multinational corporations, be given the opportunity to reach deeper insight into contemporarily pressing issues like:
- Innovative business modules, strategic management and organization in a changing geopolitical situation and a semi-globalized world (Ghemawat, P. (2007). Why the world isn't flat. Foreign policy, 54-60), where asymmetries are still generated by nation states, regions, culture and income levels
- The effects of digitalization and the emergence and activities of “Matchmaking multisided platform firms” and their effects on established firms and business modules.
- The effects of the imminent shift in the world’s energy supply from fossil fuels to renewable sources on society and businesses.
- The challenges and opportunities of increased customer concern with sustainability along an increasing number of dimensions, and a growing cynicism among the young regarding the intentions, practices and legitimacy of large multinational corporations, not seen since the 1970s.
- The promises and challenges of increased migration: how are nations and multinational corporations able to integrate, benefit from, and leverage “competence that votes with their feet”?
The Program will be held at SSE, Stockholm, Sweden on May 12-22, 2020. Sweden is a member of the EU and an especially suitable location for this type of program, as the country is a small open economy forced to respond to changes in the political and business environment. The country is also home to a disproportionate number of large, successful multinational corporations and startups according to the OECD (Calvino, Crisuolo & Menon, 2016, No country for Young firms? Startup dynamics and national policies). Stockholm produces the second-highest number of billion-dollar tech companies per capita, after Silicon Valley. The links with the USA have, especially in the post-war era, been strong and many prominent Swedish engineers, founders of corporations, managers, and scholars have been educated in and inspired by the US. The limited home market for Swedish firms has also required an international outlook both when establishing, growing and developing businesses.
Udo is Professor of Business Administration, esp. International Business, at the Stockholm School of Economics (SSE) in Sweden. He is a Fellow of the Academy of International Business and an elected Member of the Royal Swedish Academy of Engineering Sciences, as well as the Royal Swedish Academy of Sciences (responsible for selecting Nobel laureates). He recently received an Honorary Doctorate (doctor honoris causa) from Aalto University in Finland.
His research interests are international management (including strategy, organization, innovation, change and learning in the multinational company), knowledge and the theory of the firm, and the power of ideas. He has published in journals like American Sociological Review, British Journal of Management, European Management Review, Journal of International Business Studies, Journal of Management Studies, Management International Review, Management Science, Organization Science, R&D Management, Research Policy, Scandinavian Journal of Management, and Thunderbird International Business Review. Udo is incoming Associate Editor at Academy of Management Review.
His academic background includes studies at the Stockholm School of Economics (M.Sc. 1986; Ph.D. 1991) and as a Fulbright Scholar at the University of California, Berkeley (IB/OB 1986-87) and Stanford University (OB 1987). He has been visiting professor at Stanford University (1994), at The Wharton School at the University of Pennsylvania (1995), Victoria University of Wellington, New Zealand (2007-2009), and the Chinese University of Hong Kong (2016-2017).
Udo has been a Board Member of the Jacob Wallenberg Foundation, the Stockholm School of Economics, the Board of Trustees of the Sweden-America Foundation, the European Doctoral Programmes Association for Management and Business Administration, the Academy of International Business, and the Center for Advanced Studies in Leadership. He works as an expert evaluator at the European Research Council (ERC), Social Sciences and Humanities Domain, and is Chairman of the Jury for the Gunnar Hedlund Award for Best Ph.D. Dissertation in International Business.
Udo has taught at the undergraduate, graduate, postgraduate, and executive programs at SSE, Aalto University, STOA’ Academy, Victoria University of Wellington, and the Wharton School at the University of Pennsylvania. In 2004, he was voted Teacher of the Year at SSE. Udo has also worked with students and executives in Austria, Belgium, the Czech Republic, England, Finland, France, Germany, Hong Kong SAR, Hungary, Iran, Italy, Latvia, Lithuania, Malaysia, New Zealand, Norway, The People’s Republic of China, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Thailand, and Turkey.
Anna is working at the Program Office with international collaborations. At SSE she has worked as program manager for master programs, international coordinator for master exchange students and now is in charge of international projects. Being raised in an international environment, she thrives at SSE and likes to welcome new students to SSE.