Upon completion of the course the student can:
Knowledge:
- Compare different organizational forms and incentive schemes, understand why firms choose them, and analyze potential consequences (including unintended ones)
- Understand the motivation and implications of every-day concepts such as bonus schemes, promotions, hierarchies, outsourcing, and teams
- Understand how incentives and organizational structures can accelerate or decelerate technological development
Skill:
- Design basic compensation contracts
- Discuss suitable organizational forms and incentive schemes for specific firm types
- Utilize acquired knowledge to analyze the rise and fall of major real-world companies, such as Apple versus Microsoft in the 2000s
General competences:
- Combine theoretical and practical insights to make informed judgments on firm decisions