University of Oxford Diploma in Strategy and Innovation

Dean s welcome 2 University Of oxford Diploma in strategy and innovation

The Oxford Diploma in Strategy and Innovation offers you the insight and understanding needed to lead organisations in a complex global business environment. It is a rigorous, academic qualification designed to enable executives to combine masterslevel study with demanding working lives. The focus on strategy, innovation, and entrepreneurship in an international business context will provide the knowledge and skills you need to reach the highest level of your career, whether you are managing in a commercial, non-profit, or public sector context. Oxford has been educating leaders for 800 years and this Diploma and the students who take it are part of a distinguished tradition of excellence. Professor Peter Tufano Dean, Saïd Business School, University of Oxford www.sbs.oxford.edu/dipstrategy 3

The route to competitive advantage The Oxford Diploma in Strategy and Innovation is a masterslevel postgraduate qualification. It is designed to enhance your ability to take effective strategic decisions in today s global business environment, and to innovate for competitive advantage. This is an intellectually rich programme, designed to extend your knowledge and broaden and deepen your skill base. The Diploma combines the highest standards of academic rigour with a practical approach to strategic decision making, innovation, and the challenges of operating in a global environment. This is an intellectually rich programme, designed to extend your knowledge and broaden and deepen your skill base, with a clear focus on practical application. The programme is based on four modules of teaching in the areas of strategy, innovation and entrepreneurship, international business and strategy execution. Each module is taught over four days in a single 12-month period. On successful completion of the programme participants are awarded a postgraduate Diploma from the University of Oxford. Since it was founded in 1996, Saïd Business School has become one of the most prestigious business schools in the world. It is modern and dynamic, yet grounded in Oxford s great academic tradition. Consistently ranked among the very best in the world by the Financial Times, Saïd Business School draws on the best elements of Oxford to train global leaders. Our admissions process brings together an extraordinary group of high achievers from a wide variety of countries and industry sectors. From the very first module in strategy I came away with a whole new perspective. Martin Eltner, Senior Manager, Siemens AG 4 University Of oxford Diploma in strategy and innovation

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Programme outline Drawing on Oxford s experience in educating leaders for 800 years, the Diploma combines the highest standards of academic rigour with a practical understanding of strategy and innovation. It will equip you with the knowledge you need to compete globally for senior management roles. Academic assessment The Diploma is built on four core courses that are completed module by module within one year. Each module begins on a Wednesday and concludes on Saturday afternoon, allowing participants to combine work with study. All four modules are assessed by a mixture of examinations and assignments. Participants must pass all four modules and a business project in order to be awarded the Diploma. Participants who pass and are awarded the Diploma are offered the opportunity to receive their Diploma at a traditional Oxford University ceremony. Business project The Diploma concludes with a final project report that integrates new insights from the programme. The project report of up to 10,000 words will be based on current or emerging specific strategic or organisational issues taking place within the participant s own organisation or sector. Module One Strategy Strategy is concerned with the long-term success of the organisation as a whole, defining its direction and scope to gain competitive advantage. This module is designed to equip you with a sound understanding of the principles of both competitive and corporate strategy. You will develop the ability to analyse key issues in strategic decision making, and to understand, in depth, the strategic decision making process itself. This module will build your capacity to speak confidently about strategic goals thus equipping you to operate successfully among other senior executives. This module will cover: Competitive strategy Strategy in complex organisations Decision making analysis Strategy processes Advocating for strategic change 6 University Of oxford Diploma in strategy and innovation

Strategy is what elevates truly extraordinary leaders above merely ordinary ones. Oxford s Diploma in Strategy and Innovation will give you the tools to achieve your career goals and to deliver success for your organisation wherever you operate in the world. Christopher McKenna, Programme Director Module Two Entrepreneurship and innovation Innovation strategy takes shape at the interface of the dynamics of new markets, organisational capabilities for innovation, and the strategic management of new technologies. This module provides a detailed understanding of value creation and capture in the 21st century, focusing on the critical role of emerging technologies and markets. You will develop the skills required to analyse the value of new developments, and to adapt to the changing business environment. This module will explore the strategies that can leverage and sustain innovation, and the tools that make it possible to create, deliver and capture value. This module will cover: Emergent markets and technologies Thinking entrepreneurially Partnering for innovation Strategies to sustain innovation Tools to capture value Module Three Globalisation and strategy Strategic planning in the global context is a pre-requisite for leadership in any sector. This module is designed to develop your understanding of critical trends in global business, and the factors that underlie these trends. You will evaluate the opportunities and risks of global expansion, and the tools available to implement a global strategy. This module will focus on the political, social and regulatory environment in which organisations operate, including the development of strategies for corporate responsibility and reputation management. This module will cover: Global trends Successful expansion strategies Managing the global value chain Global value creation: adding value scorecard Strategies for capturing global value Module Four Strategy in action Strategy in principle without practical implementation offers little in the way of sustainable advantage. In too many cases a good strategy fails due to poor execution or a lack of understanding of the political and organisational dynamics. With a clear focus on practical application, this module draws the programme together to examine how you will execute strategy effectively in your organisational context. You will consider how to lead strategic renewal in the context of ambiguity, complexity and internal and external challenges, and deliver real success for your organisation. This module will cover: Building organisational capabilities Dealing with complexity Reshaping business models Tools for implementation Delivering success www.sbs.oxford.edu/dipstrategy 7

The diploma candidate The programme is designed for experienced executives with a good first degree or equivalent, and at least five years work experience. Participants are likely to be middle or senior managers seeking to enhance their skills in the strategic arena and to operate successfully in today s global environment. I came to Oxford thinking I would get a top level education and I ended up with much more. The distinctive aspect of undertaking this learning at Oxford was the fact that we had the most remarkable professors leading us and stimulating fascinating debates. These conversations were theoretical and, at the same time, addressed highly practical implications in our working lives. Diego Ornique, American Jewish Joint Distribution Committee Participants by region (%) 10 Europe (excluding UK) 45 UK 18 North America 7 Africa 2 Middle East 10 Asia 8 Australasia 8 University Of oxford Diploma in strategy and innovation

Previous education (%) Bachelors 35 Masters 28 MBA 18 Doctorate 12 Others 7 Average nationalities 22 Average class size 60 Age range (%) 8 25 29 15 30 34 12 35 39 17 40 44 30 45 49 18 50+ Employment (%) 22 Finance/insurance 10 Professional services/consulting/law 8 Electronics/computer hardware/software 8 Oil/gas/energy producers 8 Healthcare 5 Retail/wholesale 5 Extra-territorial orgs/ngos/charites 5 Telecommunications 5 Pharmaceuticals/biotechnology 17 Other business sectors 7 Education www.sbs.oxford.edu/dipstrategy 9

Case studies Allan Châtenay, President, Explor, Canada The Oxford Diploma in Strategy and Innovation gave me conceptual frameworks I didn t have. Many of us act or react to the world around us intuitively but I wanted to think about the classic frameworks for corporate strategy and adapt these to new ways of doing business. The diploma allowed me to step back from the hectic pace of running my own privately-owned corporation in Canada to think about what we were doing, why we were doing it and what we should be thinking about to build our organisational successfully. The Diploma in Strategy and Innovation did just that, and encouraged me to think critically. I have gone on to analyse our industry segment in detail using the concepts learnt on the programme and I also looked at whether there is a correlation between companies that think and act strategically and the outcomes of their business. This work, which came out of the Oxford experience, will help to craft our strategy going forward. Ultimately the diploma has made me better at analysing our own strategy as well as the strategies of our competitors. I have also found out that there is a big difference between knowing the challenges you are facing, and really understanding them. Christian Schäfer, Director, Deutsche Bank, Germany While I was in charge of product development at Deutsche Bank I felt that I needed the strategic skills that just can t be found from a text book. I also wanted to be inspired by a new cultural environment provided by a top programme where you learn from your peers as well as the faculty. The Oxford Diploma in Strategy and Innovation fitted the bill perfectly over a year you explore a wide range of new models and analyse cutting-edge concepts in order to build a comprehensive strategic toolkit. Out goes the screwdriver, in comes the power drill with detailed instructions on how to use it. Oxford s unique way of learning is driven by people, in the case of the diploma this meant 60 people from 28 countries and all continents. My peer group was wonderfully collaborative, impressive and motivated. Before I started I struggled to understand the benefits of going through the process of preparing for half-day case-based exams but I was wrong. The rigour of undergoing examinations made me digest the learning much more deeply which has in turn helped me utilise the learning in my work. And the physical experience was amazing: walking down the long isles of the examination hall in our sub fusc and sitting down at a small table feeling rather humble. The insights from the strategy and innovation modules dramatically changed my life: I now look at the world from a very different s perspective, with a deeper understanding of my surroundings. The course significantly changed my own focus towards creating and shaping markets rather than product development. It was an amazing and inspiring year. 10 University Of oxford Diploma in strategy and innovation

Selected faculty The Diploma is taught by members of Oxford s outstanding faculty team. The programme leaders bring access to world leading research, a wealth of industry experience and ability to present concepts and lead high level executive debate at a postgraduate level. Christopher McKenna, Programme Director Dr Christopher McKenna s research interests include the historical development and evolving strategies of professional firms and their role in the global transformation of business, non-profits, and the state. Adept in translating his academic work to popular audiences, Christopher s research has been featured in Harvard Business Review, Sunday Times, Wall Street Journal, and Financial Times. A popular teacher of MBAs and executives, Christopher was nominated twice as one of Oxford University s three best teachers for the UK s National Teaching Fellowship Award. Pegram Harrison, Strategy and Entrepreneurship Dr Pegram Harrison is a Fellow in Entrepreneurship at Saïd Business School. A former entrepreneur and consultant, he conducts research and teaching on entrepreneurship and leadership in an entrepreneurial context. He also works on the intersection of business and social issues, and on projects relating to business education, particularly for women entrepreneurs in Muslim communities. Before joining Saïd Business School he was Director of the Emerging Leaders Programme at London Business School. Jeff Sampler, Strategy and Technology Dr Jeff Sampler is a Fellow in Strategy and Technology at Saïd Business School. His research interests include electronic commerce, the management of information as a strategic resource, and developing information-based strategies. His work has appeared or is forthcoming in such journals as Fortune, Journal of Management Studies, Journal of Management Information Systems, Sloan Management Review, and Strategic Management Journal. He is a frequent speaker at conferences and executive education programmes and has been featured in Newsweek and CNBC. Victor Seidel, Innovation and Entrepreneurship Dr Victor Seidel studies the entrepreneurial processes by which new products are developed within both start-up and established organisations. Drawing from studies of the automotive, medical-device, and consumer-electronics industries, he is currently engaged in studies that look at how organisations employ practices to manage radical new product development. Prior to his PhD studies at Stanford, Victor spent ten years in various roles in the semiconductor industry in the USA and Europe. Marc Ventresca, Strategy and Entrepreneurship Dr Marc Ventresca, University Lecturer in Management Studies (Strategy and Entrepreneurship) teaches technology, strategy and organisational theory. His research uses strategy, economic sociology and cultural institutionalism to understand industry emergence, innovation and entrepreneurial activity in knowledge intensive industries. 12 University Of oxford Diploma in strategy and innovation

Visit our faculty pages at www.sbs.oxford.edu/dipstrategy Eric Thun, International Business Dr Eric Thun is Peter Moores Lecturer in Chinese Business Studies. A political scientist by training, Eric s research focuses on issues of industrial development in China. Recently, he has investigated the development of the Chinese automotive industry, the globalisation strategies of Chinese firms, and China s integration into global production networks. Mari Sako, International Business Mari Sako is Professor of Management Studies for Saïd Business School. An expert on global strategy, her research focuses on the connections between global corporate strategy, comparative business systems, and human resource management. She teaches about globalisation and global strategy on the MBA, the MSc in Major Programme Management, and executive programmes for professional services firms. Mari is Academic Director of the Oxford Diploma in Global Business. Andrew Pettigrew, Strategy and Organisation Andrew Pettigrew is Professor of Strategy and Organisation at Saïd Business School. Prior to this he was Dean of the School of Management, University of Bath. He has also held appointments at Yale University, London Business School, Warwick Business School and Harvard Business School. He is Chairman of the Academic Sounding Board for McKinsey s worldwide organisation practice. Among his distinctions he was awarded an OBE in 2009 for his services to higher education. Steve New, Operations Management and Strategy Dr Steve New was formerly Vice Dean for Degree Programmes at the School. He is a Fellow in Management Studies at Hertford College, Oxford. Steve s expertise is in process improvement and supply chain management, with a particular focus on the application of the Toyota Production System in medical care, and in the development of an underlying theory of provenance, the foundation for understanding reputation and ethics within supply chains. www.sbs.oxford.edu/dipstrategy 13

The business case Building your business case Not all candidates are sponsored or funded by their employer, but if you are building a business case in order to seek employer funding, explaining why you think they should invest in sending you on the Oxford Diploma in Strategy and Innovation, you may find it helpful to perform a skills-gap analysis. Think through where you currently fit in your organisation and how the Oxford Diploma in Strategy and Innovation will enhance the contribution you make. Match your objectives in undertaking the Diploma to those of your organisation by researching the modules covered on the programme to see how they could benefit your particular organisation. Programme benefits Presenting your case to your organisation is likely to include information on how organisations and participants benefit from the programme. For instance: For individual performance Enhanced capacity to operate at a senior level in a strategic environment Key skills for effective strategic decision making and advocacy and tools for effective strategy execution Ability to lead innovation strategy, creating and capturing value from new technologies and emerging markets Oxford networks As a member of Oxford Business Alumni (OBA), graduates of the Oxford Diploma in Strategy and Innovation will be able to maintain a lifelong connection with the School and the wider University of Oxford. Joining the OBA provides access to the network directory, an invaluable tool for networking with organisations throughout the world, and the opportunity to attend high profile events both in Oxford and internationally. Further information can be found at www.oxfordbusinessalumni.org Diploma students are Associate Members of Oriel College. Founded in 1326 Oriel is the fifth oldest of Oxford s colleges. Membership of an Oxford college enables you to make connections with faculty and students across different disciplines. Diploma participants also have access to certain college facilities during the their time here at Oxford. For organisational performance Participants gain confidence and knowledge to undertake global, senior management responsibilities The modular programme allows participants to study while remaining a productive member of the management team Participants apply their learning directly, adding value to their organisations from the first module Employer involvement in the business project is encouraged and contributes to the return of expertise to the organisation Pathway to the Oxford Executive MBA Some Diploma participants may already hold an MBA; others may be seeking to broaden their knowledge through this general management qualification. Participants who graduate from one of the Oxford Diplomas and successfully apply for Saïd Business School s prestigious Executive MBA programme are automatically exempt from those modules they have already taken through the Diploma programme. They also receive a reduction in fees, equivalent to 60% of the value of their Diploma course fee. 14 University Of oxford Diploma in strategy and innovation

I believe the Oxford Diploma in Strategy and Innovation has improved my strategic decision making ability, honed my management skills, and enabled me to develop a more sophisticated approach to business. The programme has supported me in achieving my professional goals and helped me to make the right decisions to resolve complex and strategic business problems. Mehtap Otelci, Peppers & Rogers Group Case studies Izak Smit, Distribution, Managing Executive: WIMI Distribution, Barclays Africa, South Africa For many South Africans, Oxford is the ultimate destination in education, partly because of the Rhodes scholarships. Personally, I also always wanted to do something at Oxford but work inevitably got in the way until a colleague flagged up the Diploma in Strategy and Innovation. This combination makes a lot of sense for anyone in an executive job because so much of what we do is about creating a culture in our organisations where innovation can take place. The timing was perfect as I had to turn around a part of the business and ask strategic questions about what we should do different. The Diploma was structured in a way that meant I could fit it in and it provided invaluable time to reflect in the middle of making big changes at work. I never formally studied strategy and the Oxford Diploma closed that gap. It gave me the necessary confidence and vocabulary. But it went far beyond what you could learn from reading a textbook and you shouldn t underestimate what it takes to complete the programme: it isn t just about pitching up for four weeks. You have to put in a lot, but you most probably will want to as it is incredibly interesting and rewarding. These four weeks where you switch off and become a student again are very valuable. You enter into deep friendships with people from everywhere across the globe and get different perspectives first-hand. People can share personal or professional issues in a high-trust environment that makes it safe to discuss work issues and career moves. María Cristina Arenas, Founder and Managing Director, Factor C, Venezuela The Oxford Diploma in Strategy and Innovation has not only given me new tools to face business challenges, it has truly changed the way I think. After some years in business, I had the opportunity to start up a regulatory compliance unit in a Venezuelan Bank. I faced the challenge of creating effective business processes to support the bank s strategy and felt that I needed a new methodology. One day I read about the Oxford Diploma in the Economist and never looked back. Oxford has allowed me to expose and evaluate ideas in an international context. When we study international methodologies in Venezuela we don t usually critique them whereas the Diploma in Strategy and Innovation has taught me how to be critical while respecting and appreciating new ideas. I love the energy of Oxford, it is a magical setting. And people are respectful while still challenging each other when you judge you cut your own wings. The Diploma opened up new opportunities for most of us. In my case it encouraged me to put together a new strategic management methodology and to start my own business back in Venezuela, helping companies to comply with regulations and to improve their business operations. The Diploma in Strategy and Innovation has given me the confidence and knowledge to contribute to building institutions here in Venezuela. I think every day about the positive outcomes of having invested in an education at Oxford University. It helps me to believe in my future. www.sbs.oxford.edu/dipstrategy 15

How to apply Candidates should apply online at www.sbs.oxford.edu/apply If you require any assistance with your application or would like to discuss any aspect of the programme please contact Andy Poole Tel: +44 (0)1865 288861 andy.poole@sbs.ox.ac.uk Pricing and payment schedule The fee for the 2016 programme is 21,500. A 20% deposit is required to secure the place on acceptance. The balance is due no less than eight weeks before the start of the programme. The programme fee covers tuition, course materials, essential reading texts, examinations, assessments and supervision. Lunch and refreshments are provided and there will be a dinner at a selected historic Oxford College during each module. The programme fee does not include accommodation. Application process and deadlines Admissions are processed through a system of review before a final decision is reached. Each application is considered individually and a waiting list will operate once the programme is full. Admissions criteria The Oxford Diploma in Strategy and Innovation is designed for experienced executives who aspire to, or already hold, strategic management positions. In order to be considered for the programme candidates must be able to demonstrate the following: Intellectual ability: A good undergraduate degree or equivalent professional qualification is required. Applicants who do not hold such qualifications may be considered if they have a very strong employment history, demonstrating their ability as a high achiever. English language proficiency: The programme is taught in English. A Test of English as a Foreign Language (TOEFL) or International English Language Test Scheme (IELTS) is required if English is not your native language. Candidates with a degree from, or significant experience of working in, an English speaking country may be granted exemption from this requirement. Please see our website for further information on our English language requirements. TOEFL TOEFL IELTS ibt Paper Minimum Score 110 630 7.5 Professional experience: Candidates will usually have at least five years professional experience and be familiar with the challenges of business strategy and organisational change. 16 University Of oxford Diploma in strategy and innovation

Andy Poole Associate Director, Business Development Executive Degree Programmes Saïd Business School Park End Street Oxford, OX1 1HP United Kingdom Tel. +44 (0)1865 288861 Email: andy.poole@sbs.ox.ac.uk www.sbs.oxford.edu/dipstrategy 18 University Of oxford Diploma in strategy and innovation

Andy Poole Associate Director, Business Development Executive Degree Programmes Saïd Business School Park End Street Oxford, OX1 1HP United Kingdom Tel. +44 (0)1865 288861 Email: andy.poole@sbs.ox.ac.uk www.sbs.oxford.edu/dipstrategy Saïd Business School Taught Programmes Executive Education Finance Saïd Business School at the University of Oxford blends the best of new and old. We are a vibrant and innovative business school, but yet deeply embedded in an 800-year-old world-class university. We create programmes and ideas that have global impact. We educate people for successful business careers, and as a community seek to tackle world-scale problems. We deliver cutting-edge programmes and ground-breaking research that transform individuals, organisations, business practice, and society. We seek to be a world-class business school community, embedded in a worldclass university, tackling worldscale problems. MBA Oxford 1+1 MBA Programme Executive MBA MSc Financial Economics MSc in Major Programme Management MSc in Law and Finance Diploma in Financial Strategy Diploma in Global Business Diploma in Organisational Leadership Diploma in Strategy and Innovation BA in Economics and Management Research Programmes General Management Oxford Advanced Management and Leadership Programme Oxford Transition to Leadership Programme Leadership Oxford Strategic Leadership Programme Oxford High Performance Leadership Programme Women Transforming Leadership Programme Oxford Programme on Negotiation Corporate Reputation and Executive Leadership Programme Oxford Finance Programme for Senior Executives Oxford Impact Investing Programme Oxford Private Equity Programme Oxford Chicago Valuation Programme Oxford Real Estate Programme Custom Programmes DPhil Programme in Management Studies Strategy and Change Oxford Scenarios Programme Consulting and Coaching for Change CIO Academy Corporate Affairs Academy Retail Location Analysis Oxford Cyber Risk for Leaders Programme WWW.SBS.OXFORD.EDU 2015 SAID BUSINESS SCHOOL