2024 Value Creation

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Academic unit or major
Graduate major in Industrial Engineering and Economics
Instructor(s)
Inoue Yuki 
Class Format
Lecture    (Face-to-face)
Media-enhanced courses
Day/Period(Room No.)
Mon5-6(W9-425)  Thr5-6(W9-425)  
Group
-
Course number
IEE.D431
Credits
2
Academic year
2024
Offered quarter
1Q
Syllabus updated
2024/3/14
Lecture notes updated
-
Language used
English
Access Index

Course description and aims

A firm is an entity that conducts business, and business is the activity of creating value and delivering it to customers. The purpose of this lecture is to cover several important aspects for firms' value creation, and to systematically understand the basic knowledge related to these. In addition, by considering business ideas and applying the knowledge taught in the lectures to them, this class aims to gain an experiential understanding of various aspects of value creation.

Student learning outcomes

1. Aiming to comprehensively understand several basic theories of value creation and being able to propose and improve business ideas from that perspective.
2. Being able to utilize some practical indicators and tools related to value creation.
3. Acquiring the ability to present value creation proposals in an appropriate format.

Keywords

Innovation, Entrepreneurship, Platform, Ecosystem, Service, Value creation

Competencies that will be developed

Specialist skills Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

(a) Participants are divided into groups, and each group proposes an original business idea.
(b) In each class, basic lectures on value creation will be given. Exercises are then presented based on these contents, and the group considers how to tackle those.
(c) Students submit the results in a PowerPoint format, present it, and discuss with the whole class.
(d) No final examination.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Guidance Confirming basic concept of value creation.
Class 2 Team building and discussion about initial business idea Evaluating specific business content from perspectives of value creation.
Class 3 Innovation (Lecture and exercise) Explaining ways of value creation in terms of innovation.
Class 4 Innovation (Presentation and discussion) Utilizing specific concepts of innovation for value creation.
Class 5 Service and value co-creation (Lecture and exercise) Explaining ways of value creation in terms of service management.
Class 6 Service and value co-creation (Presentation and discussion) Utilizing specific concepts of service management for value creation.
Class 7 Platform and ecosystem (Lecture and exercise) Explaining ways of value creation in terms of platform and ecosystem.
Class 8 Platform and ecosystem (Presentation and discussion) Utilizing specific concepts of platform ecosystem for value creation.
Class 9 Category and distinctiveness (Lecture and exercise) Explaining ways of value creation in terms of category strategy.
Class 10 Category and distinctiveness (Presentation and discussion) Utilizing specific concepts of category strategy for value creation.
Class 11 Resonance (Lecture and exercise) Explaining ways of value creation in terms of resonance.
Class 12 Resonance (Presentation and discussion) Utilizing specific concepts of resonance for value creation.
Class 13 Preparation of final presentation Summarizing achievements and make presentation materials.
Class 14 Final presentation Presenting achievements.

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.

Textbook(s)

None.

Reference books, course materials, etc.

Original lecture materials will be provided through T2SCHOLA.

Assessment criteria and methods

Quality of achievement of each exercise: 50%; Quality of final presentation: 30%; Contribution on discussion: 20%

Related courses

  • IEE.D203 : Marketing
  • IEE.D332 : Theories of Innovation
  • IEE.D201 : Introduction to Management

Prerequisites (i.e., required knowledge, skills, courses, etc.)

Students must have successfully completed Introduction to Management (IEE.D201), Marketing (IEE.D203), or Theories of Innovation (IEE. D332), or have equivalent knowledge.

Other

Bring your laptop PC.

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