CAPSTONE & SYSTEMS THINKING
Dr. Anshuman Tripathy
Dr. Amar KJR Nayak
Dr. Santosh Kumar Prusty
Prof. Santosh Kumar Prusty, PhD from IIT Kharagpur in the area of System Dynamics and Strategy, has more than eleven years of academic and administrative experience from IIM Shillong before joining Xavier Institute of Management, Bhubaneswar (XIMB) in 2019. He is currently working as Associate Professor in the Strategic Management group at Xavier Institute of Management, Bhubaneswar. He is an expert in system thinking and meta-level modeling of complex business phenomena and strategy. His research interest includes design and fabrication of organizations and strategy in fitting with dynamic contextualities of macro-level social, natural, and economic environment and (re)inventing sustainable business models. He has multiple publications in reputed categories of international journals, in case-clearing house, and in proceedings of international conferences. He has been a guest researcher for fifteen days to Cologne University, Germany under DAAD sponsorship Programme to work on vocational skill and community structure in India. His teaching interest is related to courses on Strategic Management, Business Models, and System Dynamics. He is passionate on writing, teaching, and researching on case studies.
For further details, pls. click on <http://linkedin.com/in/santosh-prusty-49784618>
- Course Objectives
This course is divided into 3 modules that would take students through the entire journey from coordinating activities within a firm, to competing with firms within an industry, to coordinating and cooperating within industries & nations to deal with global challenges.
Module A – Functional Coordination to Competing within an Industry
Through a business simulation spread across 2 Practice Rounds and 10 Live Rounds, each representing a financial year, the students would get an immersion of a multi-disciplinary, competitive, business decision making setting by taking on the roles of business leaders who take key decisions to set the direction of their respective organizations over a long period of time. The application ensures that the student is acquainted with real-life scenarios and therefore, learns to adopt an effective thought-process. It provides students an opportunity to participate in the process of analyzing complex, ill-defined problems, requiring short, medium, and long-term planning for an organization in a realistic environment.
Module B - Interconnectedness and interdependence in the ecosystem of firms, industry, economy, and society
Through this Module, the course will introduce the notions of systems approach including the mechanistic view and the organismic view. Understanding the difference between control mechanism in the closed and open systems will be part of understanding sustainability. The purpose of this module shall be to facilitate systematic transition from firm level to systems level planning and strategy to flourish.
Module C - Systems Thinking through Managing Climate Change Challenges
“We can’t change the complexity, and we wouldn’t want to – it’s part of what makes our lives and our planet beautiful and interesting. Although we cannot change the complexity, we can work with it. That’s what systems thinking, and its more formal complement ‘system dynamics’, are all about”.
- Climate Interactive
Various nations across the world have pledged to reduce limit warming to no more than 2 degree-centigrade under the United Nations Framework Convention on Climate Change (UNFCCC). It however seems that the policy makers are lacking capabilities to understand the impact of greenhouse gas (GHG) emitters’ proposal and their impact. In such scenario “Systems Thinking” skills are required to design and implement optimal policy actions in the complex and interconnected world. This module of the CST (Capstone and Systems Thinking) course is designed for the participants to navigate through an experiential exercise of managing for climate change problems and trying to hit the globally agreed targets and learning “systems thinking” skills in a framework of global cooperation and collaboration.
We will be using two simulation platforms, e.g., C-ROADS and EN-ROADS, developed by Climate Interactive and MIT to understand systemic nuances of climate change issues and resistances in managing them.
The objectives of this module are:
to understand why global negotiations on climate change issues are complex in nature and managing them are ineffective,
to derive learning in interactions of complex issues like climate science, economic develop policies of nations, international relationships, energy policies of countries, intergenerational equity towards dynamics of global challenges like “climate change” and
to design, negotiate, and evaluate adverse mitigation policies towards building a sustainable world.
By completing this module, the participants are expected to acquire:
Knowledge of complex systems and cross-functionalism in managing messy problems
System Thinking skills to visualize the messy problem as an outcome of complex interactions among multiple variables, many stakeholders, and conflicting goals and objectives.
2. Student Learning Outcomes
As a result of succeeding in this course, executive students will be able to achieve the following objectives in each of the Modules:
Understand the dynamics of operating in a competitive environment
Appreciate the importance of the annual business planning exercise carried out in organizations
Observe the objective of a holistic view and how it is drawn from a detailed analysis by preparing the Vision, Mission, and Objectives of their respective organizations along with subsequent annual business plans
Apply concepts learned in Economics, Finance, Production, Marketing, and HR to frame as well implement the Strategy of the organization and hence learn the inter-relations of the various business areas
Gauge the impact of their organization’s pricing decision, production planning decision, introducing new products or getting into new markets vis-à-vis the same decisions taken by other organizations
Understand how to read the financial statements of different companies so as to examine their own financial health as well as interpret various decisions taken by competitors
Learn to work in a team by dividing responsibilities of various functions with the members
Translate their outcomes in the form of writing a Letter to the Share-holders
Playing the role of business analysts to prepare a Market Outlook Report
Be able to understand the inherent nature of our interconnectedness and interdependence in the ecosystem of firms, industry, economy, and society.
Be able to appreciate the significance of holistic thinking and holistic action.
Be able to systematically transit from competition to cooperation that is from a partial and temporal efficiency paradigm to a wholesome and long-term sustainability paradigm
Improve understanding of the scale, urgency, policies, and actions that have potential to meet international climate goals,
Increase the knowledge of climate change causes, dynamics, and impacts,
Have effective engagement including greater feeling of urgency and hope,
Achieve an immersive, social learning experience
3. Organization & Delivery of the Course
It will be a blend of Lectures and Simulations. The lectures are going to be on theoretical underpinnings and simulations are going to be experiential learning activities followed by debriefing discussions. The 3rd module is going to follow a pre- and post-test evaluation of participants through questionnaire method.
4. Course Resources
Module A would be conducted through the Business Simulation application developed by Cesim Oy (www.cesim.com), a Finland based business simulation company.
Module 2 would be conducted through lectures and class discussions.
Module 3 would be using both lecture-based discussion as well as couple of simulations platforms, e.g., C-ROADS and EN-ROADS, developed by Climate Interactive and MIT. [Climate Interactive (https://www.climateinteractive.org/)
Mental Model Musings (http://www.systems-thinking.org/index.htm)]
Module 1 – 50% (Evaluation will be based on the outcome of the student in the Simulation.)
Module 2 – 25%
Module 3 – 25% (Evaluation will be based on your understanding of systems thinking and skills of managing messy problems. Holistic thinking skills will be evaluated.)