Master Classes For MBA Alumni, Spring 2022
We will this year be offering the opportunity for MBA alums to join one of the MBA concentrations together with the current Full-time and Executive MBA classes. We are now happy to open up for registrations for a few spaces for alumni on each concentration, to attend 2.5 days of the course.
Each of the courses described in the following is a quarter of a full concentration within three subject areas:
Entrepreneurship, Governance & Sustainability and Finance.
As such, you will be joining a part of a concentration with FTMBA students and Executive MBA students from CBS who take the entire concentration as a mandatory part of their studies. It is required that you are participating and contributing to class although you are not taking the exam. The information in the following is varied and subject to change. These classes are non-credited.
To register: Please send an email to FTMBA-Teaching@cbs.dk
Deadline for registrations: Friday 22 April 2022
Course fee: DKK 10.000 per elective
Seats are limited and filled on a first-come, first-served basis. Only one space is available per alum, hence you cannot attend more than one concentration.
Entrepreneurship: Platform Strategy
Thursday-Saturday 19, 20, 21 May
This course will be lead by Carmelo Cennamo who is Professor of Strategy and Entrepreneurship at Copenhagen Business School where he is co-director of the Entrepreneurship concentration of the MBA program. He is also the director of the Digital Markets Competition Forum, an initiative to bridge academic research and practice on the ways digital platforms create value in the digital economy. He is an Affiliate Professor at SDA Bocconi School of Management, and has been a visiting research fellow at Harvard and visiting professor at IE Business School. Professor Cennamo is a leading expert on competition in digital platform markets, and on business ecosystems and frequent keynote speaker in academic, corporate, and broad-appeal events.
The course, part of the entrepreneurship concentration, will enable you to understand the key market and innovation dynamics related to multisided platform technologies, and accordingly the key aspects of a platform-based business model. Building an effective platform business model requires a shift from product design to market and ecosystem design. You will learn how to assess and design a platform strategy to shape the market around your innovation and build your own business ecosystem, and how to work through the hurdles of starting up and growing a platform business.
The course is structured around three main threads (covering the following main topics):
- The platform business model and platform-based disruption
- User and data network effects models
- Multisided vs. product platform
- Platform business typologies
- Platform disruption: typologies, drivers and strategies
- Start-up your platform business
- Chicken-and-egg (or catch22) problem
- Platform ignition strategies
- Platform design: building blocks and process
- Grow your platform business
- Innovation generativity strategies
- Platform growth strategies (and traps!)
- Platform evolution and ecosystem orchestration
While the course focuses on the entrepreneurial process of highly scalable startups, these methods and tools are increasingly being used by established organizations that need to reassess their strategy and business models to innovate in the wake of the industry transformation ensuing from potentially disruptive technologies such as platforms, artificial intelligence, blockchain, and similar.
Governance and Sustainability: Sustainable Finance
Thursday-Saturday 16, 17, 18 June
This course will be lead by Andreas Rasche who is Professor of Business in Society at the Centre for Corporate Sustainability at Copenhagen Business School (CBS) and serves as the Associate Dean for the CBS MBA. He is also Visiting Professor at Stockholm School of Economics. He has taught courses in the MBA and doctoral programs, chaired Executive Education programs, authored more than 50 academic articles and cases, and published five books. He has collaborated with the United Nations on a number of projects, and served on the United Nations Global Compact LEAD Steering Committee. His research focuses on corporate sustainability standards as well as ESG and sustainable finance. Recently, he co-edited Sustainable Investing: A Path to a New Horizon (together with Georg Kell and Herman Bril, Routledge, 2020). He is Associate Editor of Business Ethics Quarterly. More information is available at: http://www.arasche.com.
The course introduces students to debates around sustainable finance (both investing and lending) in the broader context of discussions around ESG strategies. We the main aim of the course is to provide students with hands-on knowledge on how to design and implement ESG-related strategies in financial institutions. The course is structured around five main threads (covering the following main topics):
- Sustainable Finance – What Is it and Why Do We Need?
- Who pushes demand for sustainable finance
- Current legislation in the field
- Long-term investing as a strategy
- Integrating ESG Considerations into Public Equities
- Positive and negative screens
- ESG integration
- ESG Data: limits and opportunities
- Integrating ESG Considerations into Fixed Income Products
- Green bonds and SDG-adjusted bonds
- Governing ESG-related fixed income products
- Standards in the field
- Responsible Banking
- Need for responsible banking
- Sustainable lending
- PRB – Principles for Responsible Banking
- Impact Investing
- Impact Investing across Asset Classes
- Different Types of Impact Investing
- The Impact behind Impact Investing
Finance: Private Equity and Venture Capital
Thursday-Saturday 23, 24, 25 June
This course will be lead by Kasper Meisner Nielsen who is Professor of Finance at Copenhagen Business School and adjunct professor at HKUST. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen. Professor Nielsen previously taught at HKUST and Chinese University of Hong Kong, and has been a visiting scholar at Stern School of Business at New York University. From 2015 to 2018 he was the academic director of the HKUST-NYU Master of Global Finance program. Professor Nielsen’s research interests are behavioural finance, corporate governance, entrepreneurial finance, family business, and household finance. His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal. His work has been published in academic journals including American Economic Review, The Quarterly Journal of Economics, Journal of Financial Economics, Review of Financial Studies, Management Science, and Review of Finance. His research has been awarded with external financing from competitive research grants on several occasions. On his area of expertise Professor Nielsen has served as an external advisor, consultant, and lecturer to government agencies and companies in China, Denmark, and Hong Kong.
Over the last decades, private equity and venture capital investments have been two of the fastest growing markets for financial investments. Both types of investments are in privately-held companies, i.e., companies that are not listed and traded on an exchange. Private equity targets mature and established companies, while venture capital invests in entrepreneurial start-ups.
Investments in private companies differ fundamentally from investments in other capital markets, such as the stock market. For example, start-ups are young, mostly unprofitable companies, with short operating histories and little capital. Investments in companies at the early stage of their lifecycle involve very high degrees of risk and uncertainty, making them difficult to value using traditional methods. Private equity on the other hand, involves investment in companies with a business model that is scalable as well as investments in companies that need to undergo a restructuring to improve the value creation. For such investments, the potential to create value is driven by the speed at which the strategy can be implemented.
The course covers the organization and structure of private equity and venture capital investors and their investments, ranging from the limited partners, typically large institutional investors such as pension funds, that provide the capital to specialized investment funds that invest in the underlying portfolio companies, such as entrepreneurial start-ups. In addition to understanding the organization and structure, the course will focus on understanding individual deals, e.g., an investment by a private equity fund into a portfolio company, including the valuation of the deal, the structure of the investment, and the various implications of the deal for the company and the investor. Similarly, the course will focus on understanding individual investments by venture capitalists and how such investments affect the entrepreneur’s incentive to create value.
The course is structured around three main themes (covering the following main topics):
- Organization and structure of Private Equity and Venture Capital Funds
- Limited partners
- Management company
- Portfolio companies
- Incentive structure
- Private Equity deals
- Strategies for value creation
- Purpose and use of financial instruments
- Valuation of private equity deals
- Private equity as an asset class
- Venture capital investments
- The role of capital, advice, and business networks
- Financing rounds and term sheets
- Valuation of venture capital investments
- Venture capital as an asset class