Syllabus
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Corporate Company Building means the development and implementation of new business models and radical innovation projects outside of the existing corporate structures – as newly founded startups. Company Building helps to free radically innovative ideas and concepts projects from structural barriers and is thus one of the most promising ways for corporates to overcome the innovator’s dilemma. Methodologically it blends Lean Startup, Service Design and Agile approaches yet distinctive Company Building methods have been developed over the past few years. As of today, company building is being applied by an increasing number of corporations, regardless of geography, size or ownership structure.
This course will introduce students to the theory and practice of company building, introduce typical phases and methods and give students an inside-view into this emerging field of innovation. The course is taught by Lukas Meusburger, who did his doctorate at WU on innovative strategy and innovation processes and is a founder and managing partner of Austria’s leading company builder V_labs. Lukas is also one of the Editors on one of the first books on company building. The course will thus be theoretically grounded yet focused on the real-life practice of company building and the skills needed to positively contribute to company building projects.
After the course, students…
- Know what distinguishes company building from other innovation approaches
- Will be able to assess when company building is an appropriate innovation vehicle
- Understand what advantages and potential downsides company building has
- Know how the phases of a typical company building project are structured
- Have insights into the methods used in each company building phase
- Know how corporate startups should be set up in order to be successful
- Know what team composition makes for a good company building task force
- Know the basics of stakeholder management in company building
- Have an understanding of the modes in which company building agencies and corporates can work together
- Are able to convincingly present a company building case study to a professional audience
All in all the course will help prepare students for working in corporate innovation units, company building agencies and the entire innovation field.
Attendance in the Three seminar Sessions is compulsory, the Coaching session is optional.
In the first session, we will look at the theoretical foundations of company building. Students will be introduced to the concept of company building, its definition and boundaries, typical project phases and the methods used. In the Second session exemplary company building projects will be presented and analysed in class. We will look at examples from V_labs projects as well as other internationally known cases. Small group assignments will be worked on during the session. At the end of the second session, a case study with various parts will be introduced to the students. Students will work on different parts of the case study in groups in the following two weeks. A coaching session for the case study is available in week Three. In the last session, which is going to be held at the V_labs office in Vienna, the groups will present their findings and results. There will be feedback from various company building practitioners and we will consolidate the refined work of the groups into one sound case study. Further theoretical and practical input will round off the second session.
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