Course 2015-2016 a.y.

Course Objectives

At the end of the course you will be able to:

• identify and address critical issues in governance of media companies and cultural institutions;
• assess the resources needed to companies, territories and institutions for value and identity creation;
• interpret the business models of entrepreneurial ventures associated with cultural and digital industries, territories, heritage valorisation;
• forget shyness when talking and presenting in English... 

Course Content Summary

The course will:

• analyse the relationship between ownership, governance and management in cultural industries andcultural institutions;
• explore resources as sources of competitive advantage for cultural firms and institutions;
• analyse the relationship between ownership and governance structures, economic and financial viability and corporate strategy
• explore entrepreneurship in cultural, territorial, digital settings.
  

The course will provide some theoretical background and will offer students the opportunity to critically discuss governance, sustainability and sources of competitive advantage of some companies / institutions. There are four types of sessions:

• theory sessions These sessions are guided by the instructor. Students are asked to read the corresponding material beforehand and participate to a discussion started by the instructor;
• case discussions. These sessions are introduced by a group of students picked the day of class who "set the stage" for the class discussion. Students may use slides or other media. Class activity will consist in group work and discussions starting from the case and mixing cases and theory;
• Guest speakers: these are sessions introduced by the faculty. Guests will present their view and a discussion will follow. Students are expected to animate the discussion;
• Simulation. It will take place the two last sessions of the course and will cover all issues covered during the semester.

Detailed Description of Assessment Methods

While the material is the same for attending and non attending students, the way it will be used and the grading system differs quite significantly.

This is a highly complex and rich graduate level course, in which issues of governance and corporate level strategy are discussed with referral to very diverse types of firms and industries. Moreover, we have the opportunity to experience a different way of class activity and participation, thanks to the class layout. Unlike an undergraduate class, the issues under evaluation are not so much related to having read the material, rather to the ability of the students to identify controversial issues associated to the topics discussed in class and to be proactive in searching information, assessing alternative points of view, synthesising results.

Therefore, we strongly recommend you to decide early on whether you want to be an attending or a non attending student. We will be asking you to commit to active participation on September 23. Although you will have the possibility to switch status until the very end of the semester, what is important to the effectiveness of our work together is to assess as clearly as possible who is gradually preparing the exam and who is investing time and energy towards the end of the semester.

Attending students are required to come to each class prepared and actively participate to the construction of a common understanding on the issues covered in class. At every session the class will be divided into cohorts and materials assigned to different cohorts:

• For theory sessions, each cohort will be asked to read one article and be ready to discuss conceptual and controversial issues raised in the following session. Commentators will be randomly picked for each material.
• For case sessions, everybody is required to read the case and be ready to address the issues discussed in the preparatory material in Learning Space.
• We will all enjoy guest speakers.
• The final simulation is going to capitalise on what has been learnt during the semester, will require limited preparation, just a bit of reading and group work (taking into consideration that you will have one exam before Christmas).
• Once every major block has been completed, a wrap up moment takes place at regular times. It consists in a discussion, involving faculty and class. After that, astudents will be asked in small groups to formalise the results of the discussion into a short ppt presentation that will be uploaded in LS, involving theory and cases.
• On 26/11 we will have a session devoted to the recent developments of some of the companies/cases analysed during the semesters. Instructions will be provided to allow maximum engagement and participation.

The rhythm is more intense during the first sessions, to take into consideration the overall workload of a typical ACME student throughout the semester. Students will be asked to show their name in class. Active participation is encouraged and rewarded; many of the sessions imply presentations by selected groups of students. It will be faculty responsibility to make sure that each attending student is given enough opportunities to speak out.

Shy students or students less fluent in English may feel that this approach is putting them at a disadvantage. It is important to note though that:

• extroversion is a different thing from competence; in our class we will try to encourage active and intelligent participation and quality of comments is much more appreciated than quantity;
• managerial life consists of several interactions with peers and superiors and mastering interpersonal relations is an important part of your training ;
• you always have the opportunity to take the exam as non attending even if you are regularly coming to class.

It may happen that you don’t come to class occasionally or that you are not prepared for a specific session. No problem, just make sure to let your peers know right away during group activities in class that your contribution will be limited due to ignorance of specific material. It will be your and your group responsibility to try to make the most out of your contribution anyway. This is also something that is very important to learn: we always have something to give. It will be faculty responsibility to make sure that attending students are in fact present most of the times.

Students attending the course will be graded on the following elements:

For attending students:

• Final written essay: 15%
• Simulation: 30%
• Theory quiz: 15%
• Discussions on theory classes and cases updates: 30%
• Active Participation: 10%

For non attending students:

• Written essay: 100%

The theory quiz sessions are: closed books and take place at the end of any conceptual block of classes

Students non attending the course will be graded solely on the written essay, which will be based on newspapers articles/ reports. Students may switch from attending to non attending, but they have to state it befor

Textbooks

For Attending and non attending students:

Materials available on Bocconi e-learning.

Reading package.

The material consists of academic articles, cases, excerpts from newspaper articles related to a group of companies operating in various industries, mostly in the cultural field. The work done in class will complement the material provided.

Prerequisites

The course will build upon existing know-how on principles of business administration, management of nonprofit organizations, management of public administration, principles of public and private law.