Course: Mason Carpenter

BPS Teaching Toolkit
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Carpenter, Managing Effectively Through Tough Times, Prentice-Hall (2010)

Carpenter, Social Networks, Business Expert Press (2009)

Carpenter, Bauer, & Erdogan, Principles of Management, Flat World Knowledge (2009)

Carpenter/Sanders 2e Concepts/Cases (2009)

Carpenter/Sanders 2e Concepts (2009)

Carpenter/Sanders 1e (2007)

Carpenter/Sanders 1e Concepts/Cases (2007)

Carpenter/Sanders 1e Concepts (2007)

Carpenter/Sanders StratSim (2008)

Professor Mason A. Carpenter

Professor of Strategic Management and the M. Keith Weikel Professor in Leadership

Degree
PhD, University of Texas at Austin

Contact Information:
Mason A. Carpenter
4263 Grainger Hall
975 University Avenue
Madison, WI 53706 USA

mcarpenter@bus.wisc.edu
(608) 262-9449 voice
(608) 262-8773 fax

Mason A. Carpenter (Ph.D., 1997, UT Austin) is the M. Keith Weikel Professor of Leadership in UW Madison’s Wisconsin School of Business (WI, USA). His research in strategic management concerns corporate governance, top management teams, social networks, and the strategic management of global startups, and is published widely in leading management and strategy journals. He is also author of numerous books used in leading undergraduate, MBA, and educutive education courses around the world. He is Associate Editor of the Academy of Management Review, and serves on the editorial board of the Strategic Management Journal. At UW he is responsible for the undergraduate, MBA, and ExecMBA courses in business, corporate, and global strategy. Among others, he has also advised the top management teams and business unit leaders in the areas of strategy formulation, strategy implementation, and strategic change for Fiskars, SABMiller, GE, Harley Davidson, Rockwell International, Vivendi, Kerry Ingredients, Covance, Danisco, Badger Meter, and Banta. His teaching accomplishments include MBA Professor of the Year, notoriety as one of the two most popular professors in several BusinessWeek MBA program polls, the Larson Excellence in Teaching award from the School of Business and, most recently, a Distinguished Teaching Award from the University of Wisconsin-Madison. He also works to integrate experiential and behavioral perspectives of strategic management into the classroom through positions on the BPS and SMS Executive Committees, Doctoral and New Faculty BPS consortia, and the widely-used BPS Strategy Teaching Toolkit.

Upcoming Course Syllabi

(password-protected course access only through courses.bus.wisc.edu)
EMBA Global Strategy Syllabus -- Fall 2009 PDF document
MBA Strategic Management -- Fall 2009 PDF document
Kohl's EMBA Global Strategy Modules I & II Word document

RESEARCH INTERESTS,

PUBLICATIONS, & WORK IN PROCESS

Research Interests

Corporate governance, top management teams, the strategic management of global firms, and global new ventures. VITA.

Refereed Publications

Nyberg, A., Smithey Fulmer, I., Gerhart, B., Carpenter, M.A. 2010. Agency theory revisted: CEO returns and shareholder interest alignment. Academy of Management Journal, forthcoming. Read on SSRN http://ssrn.com/abstract=1481927

Carpenter, M.A., J.D. Westphal, & M.L. McDonald. 2009. Corporate governance and knowledge management: How board independence may increase CEO paranoia, and lead to increased Top Management Team Homophily. International Journal of Strategic Change Management, forthcoming. Read on SSRN http://ssrn.com/abstract=1478064

Haleblian, J., C.E. Devers, G. McNamara, M.A. Carpenter, & R.B. Davison. 2009. Taking stock of what we know about mergers and acquisitions: A review and research agenda. Journal of Management, 35: 469-502. Read on SSRN http://ssrn.com/abstract=1303602

Waller, M., C. Gibson, M.A. Carpenter, & J. Conte. 2007. Antecedents, consequences, and moderators of time perspective heterogeneity for knowledge management in MNO teams. Journal of Organizational Behavior. 28: 1005-1034. Full Text (PDF File).

Carpenter, M.A. & J. Seo. 2007. Strategic refocusing as a pathway to controlling CEO pay. Current Topics in Management. M. Rahim, Ed. Transaction Publishers: NY. Volume 12: 129-152. Full Text (PDF File).

Carpenter, M.A., W.G. Sanders, & M.A. Geletkanycz. 2004. The upper echelons revisited: The antecedents, elements, and consequences of TMT composition. Journal of Management. 30: 749-778. Abstract. Full Text (PDF File).

Sage Best Paper Award, 2009.

Carpenter, M.A. & W.G. Sanders. 2004. The effects of top management team pay and firm internationalization on MNC performance. Journal of Management 30: 4: 509-528. (An earlier version of this paper was voted among top-10 papers at 1999 SMS in Berlin). Abstract. Full Text (PDF File).

Reviewed in the Economist, A quick look at noteworthy articles from business journals, June 23, 2004. Review.

Carpenter, M.A., T.G. Pollock, & M.M. Leary. 2003. Testing a model of reasoned risk-taking: Governance, the experience or principals and agents, and global strategy in high-technology IPO firms. Strategic Management Journal. 24: 803-820. Abstract. Full Text (PDF File).

Reprinted in International Entrepreneurship. (2007). Oviatt, B.M. & P.P. Mc Dougall, eds. UK: Edward Elgar Publishing.

Sanders, W.G. & M.A. Carpenter. 2003. Strategic satisficing? A behavioral agency perspective on stock repurchase program announcements. Academy of Management Journal. 46: 160-179. Abstract. Full Text (PDF File).

Carpenter, M.A. & J.B. Wade. 2002. Micro-level opportunity structures as determinants of non-CEO executive pay. Academy of Management Journal. Abstract. Full Text (PDF File).

Carpenter, M.A. & W.G. Sanders. 2002. Top management team compensation: The missing link between CEO pay and firm performance? Strategic Management Journal. 23: 4: 367-375. Abstract. Full Text (PDF File).

Carpenter, M.A. 2002. The implications of strategy and social context for the relationship between top management team heterogeneity and firm performance. Strategic Management Journal. 23: 3: 275-284. Abstract. Full Text (PDF File).

Waller, M.J., J.M Conte, C.B. Gibson, & M.A. Carpenter. 2001. The impact of individual time perception on team performance under deadline conditions. Academy of Management Review. 26: 4: 586-600. Abstract. Full Text (PDF File).

Carpenter, M.A. & J.D. Westphal. 2001. The strategic context of external network ties: Examining the impact of director appointments on board involvement in strategic decision making. Academy of Management Journal. 44: 4: 639-660. Abstract. Full Text (PDF File).

Carpenter, M.A. & J.W. Fredrickson. 2001. Top management teams, global strategic posture, and the moderating role of uncertainty. Academy of Management Journal. 44: 3: 533-546. Abstract. Full Text (PDF File).

Carpenter, M.A., W. Sanders, & H. Gregersen. 2001. Bundling human capital with organizational context: The impact of international assignment experience on multinational firm performance and CEO pay. Academy of Management Journal. 44: 3: 493-512. Abstract. Full Text (PDF File).

Carpenter, M.A. 2000. The price of change: The role of CEO compensation in strategic variation and deviation from industry norms. Journal of Management . 26: 6: 1179-1198. Abstract. Full Text (PDF File).

Carpenter, M.A., W. Sanders, & H. Gregersen. 2000. International experience at the top makes a bottom line difference. Human Resource Management. Summer/Fall: 39: 2&3: 277-285. Abstract. Full Text (PDF File).

Reprinted as "Two heads are better than one if your company spans the globe." Research brief inAcademy of Management Executive, summarized by M. Mentzer. 13: 2: 89-90. Full Text (html file).

Sanders, W. & M.A. Carpenter. 1998. Internationalization and firm governance: The roles of CEO compensation, top team composition, and board structure. Academy of Management Journal. 41: 158-178. Abstract. Full Text (PDF File).

Carpenter, M.A. & Golden, B. 1997. Perceived managerial discretion: A study of cause and effect. Strategic Management Journal. 18: 187-206. Abstract.

Other Publications

Carpenter, M.A. 2010. The Strategy of Social Networks. NY: Business Expert Press.

Carpenter, M.A., T. Bauer, & B. Erdogan. 2009. Principles of Management: A Behavioral Approach. NY: Flat World Knowledge.

Carpenter, M.A. & W.G. Sanders. 2009. Strategic Management: A Dynamic Perspective, 2/e, NJ: Prentice-Hall. Concepts and Cases.

Carpenter, M.A. & W.G. Sanders. 2009. Strategic Management: A Dynamic Perspective, 2/e, NJ: Prentice-Hall. Concepts.

Carpenter, M.A. 2007. The box (invited review). Administrative Science Quarterly.

Carpenter, M.A. & W.G. Sanders. 2008. Strategic Management: An Integrated StratSim Experience. NJ: Prentice-Hall.

Carpenter, M.A. & W.G. Sanders. 2007. Strategic Management: A Dynamic Perspective, 1/e, NJ: Prentice-Hall. Concepts and Cases.

Carpenter, M.A. & W.G. Sanders. 2007. Strategic Management: A Dynamic Perspective, 1/e, NJ: Prentice-Hall. Concepts.

Carpenter, M.A. & G. Reilly. 2006. Construct and construct measurement in upper echelons research, in Research Methodology in Strategy and Management, D. Ketchen & D. Bergh (Eds.). NY: Elsevier, Vol. 3, in press. Full Text (PDF File).

Carpenter, M.A. & A.D. Stajkovic. 2006. Social network theory and methods as tools for helping business confront global terrorism: Capturing the case and contingencies presented by dark social networks, in Corporate Strategies Under International Terrorism and Adversity, G. Suder (Ed). U.K.: Edward Elgar Publishing, in press. Full Text (PDF File).

Stajkovic, A., M. Carpenter, & S. Graffin. 2006. Comparing Managers' Charisma, Social Networks, and Self-Set Career Goals in the US and China. Academy of Management Best Papers Proceedings. Full Text (PDF File).

Carpenter, M.A. 2005. Moving (finally) toward an multi-level model of the upper echelons. Multilevel Issues in Strategy and Methods, Vol 4, A. Dansereau & F. Yammarino (eds)., Holland: Elsevier Press. Oxford, UK. pp. 239-248. Full Text (PDF File).

Carpenter, M.A. & J.D. Westphal. 1999. A network perspective on how outside directors impact strategic decision making. Academy of Management Best Papers Proceedings. Organizations and Management Theory division. Full Text (PDF File).

Sanders, W.G. & M.A. Carpenter. 1999. A behavioral perspective of strategic initiative adoption. Academy of Management Best Papers Proceedings. Organizations and Management Theory division. Full Text (PDF File).

Dissertation

Carpenter, M.A. 1997. Top management team characteristics, global strategic change, and firm performance: The moderating role of organizational and environmental context. University of Texas at Austin. UMI# 9822557. Abstract.

BPS Teaching Toolkit

With the generous support of colleagues and the UW CIBER, I have compiled a portfolio of stand-alone (1) ice-breakers, (2) group break-out exercises and (3) teaching tools, (short in duration – 5 to 30 minutes) that are designed to open sessions, spark discussion and debate, polarize students around certain perspectives to illuminate their biases and strategic blindspots, identify gaps between strategy formulation and implementation, and to otherwise promote ongoing participation in strategy, international business, entrepreneurship, and other organizations courses - (domestic or international), undergraduate, MBA, or executive. A new section, labeled "Games & Simulations," has been added as well to accommodate multi-session and longer experiential exercises.

Each section contains teaching tools that facilitate the delivery of cases and other course material (and could likely be adapted to many disciplines). Special thanks to those who have contributed to the list -- since this list is "in progress" please keep those suggestions coming!! (send to mcarpenter@bus.wisc.edu)

Online Video Resources
All My YouTube Content @ http://www.youtube.com/user/TheStrategyprof file
I've started a portfolio of YouTube videos under TheStragegyProf channel on YouTube. I will still chronicle and link to the best ones here as well. You can always email comments and suggestions to me at: mcarpenter@bus.wisc.edu.
Other Video & Web Resources
A collection of many sites with links to video material.
Socialnomics - English - Short version - 2:36 mins file
Socialnomics - English - Long version - 4.22 mins file
Socialnomics - Spanish - Long version - 4.22 mins file
Interesting set of videos developed by the author of "Socialnomics: How social media transforms our lives and the way we do business."
Cadbury Adams Video - 2:46 mins file
Funny 2:45 ad from CA - if you teach the Cadbury acquisition case (of Adams) can be a nice complement.
People Stuck on an Escalator - 2:03 mins file
No link to strategy - just funny.
Onion News - Outsourcing Your Own Job - 2:27 mins file
Humorous (though a bit tastleless) 2:27 minute video on how individuals are outsourcing their own work, and eventually one person will do doing it all.
Atlas Black - 1:27 mins file
Social Learning through Flat World Knowledge - 1:33 mins file
Flat World Knowledge is a great example of a blossoming Blue Ocean Strategy. The Atlas Black exerpt is based on one of their new graphic novels.
Dell's Extreme Makeover - 6:51 mins - 10/15/09 file
Great combo of an interesting BW article on Dell's morphing strategy and a short video that talks through some of the changes and challenges facing Dell.
Thefuntheory.com VW environmental initiative file
A collection of clever and funny video vignettes compiled by VW to show innovative ways of getting people involved in bettering the environment.
Midas Muffler - Franchisor's troubles hurt franchisees, 7:16 mins file
Depicts the tremendous negative impact of Midas' corporate troubles on the lives of its franchisees.
Alec Baldwin's speech in Glengarry Glenn Ross, 7:22 mins file
Alec Baldwin's speech in Glengarry Glenn Ross is a great negative example of communicating strategy to implementers, where strategy is really not communicated.
Dead Poet's Society Opening, 9:31 mins file
Dead Poet's Society opening ceremony (continued by the boys' unofficial interpretation of values) is great for illustrating that organizations are driven by stakeholder expectations.
Dr. Strangelove, 7:52 mins file
Dr. Strangelove contains some strong material that illustrates the (Mintzbergian) notion that sometimes top management strategizing gets pretty detached from everyday realities (poor quality clip, sorry).
Polar Bear vs. Walrus Colony, 6:21 mins file
The BBC nature show Planet Earth contains a battle between a polar bear and a herd of walruses which can be used to tease out a discussion about competition.
The Crisis of Credit Visualized, Part I, 7:32 mins file
The Crisis of Credit Visualized, Part II, 3:44 mins file
Crisis of Credit, Parts I and II, can be used to illustrate how short term decisions have long term consequences and to capture how large scale environmental shifts impact business strategy.
JibJab Video on Big Box Mart (play on Wal-Mart), 3 mins file
jibjab video on Big Box Mart. There was a 60 minute PBS Frontline program on “is Walmart good for America,” which this 3 minute video essentially summarizes.
Michael Porter, Five Forces, 13:12 mins file
An Interview with Michael E. Porter. Porter's five competitive forces is the basis for much of modern business strategy. Understand the framework and how to put it it into practice.
Business Roundtable Institute for Corporate Ethics (various) file
The Business Roundtable Institute for Corporate Ethics has launched a free online video series, the Masters Seminars in Business Ethics. Topics include: Building Trust with Stakeholders, Creating a Culture of Integrity, Teaching Business Ethics, and History of the CSR Movement.
Dilbert Cartoons on Hulu, snippets to full 22 min shows file
In business, why do the stupid always rise to the top? And what's an "action item?" These and other mysteries are explored in this animated series that chronicles the corporate life of an engineer named Dilbert and his talking dog, Dogbert. Just like Dilbert, you could waste days previewing these hilarious digs on business (I open my M&A class with the opening minutes from The Merger video).
Greed is good speech; Michael Douglas/Gordon Gecko/Wallstreet, :45 mins file
Greed is good speech; claymation version. :51 mins file
Gordon Gecko's (Michael Douglas) Greed is good speech from Wallstreet; great intro for a session that talks about M&A and market discipline.
Jay Barney on Strategy 7:38 mins file
Jay Barney describes how he teaches Strategic Management for Executive Education, giving examples of Walmart, Southwest Airlines and their success in very tough industries.
SWOT Analysis Exemplar 1:22 mins file
A SWOT business analysis is identifying strengths, weaknesses, opportunities and threats of a business plan. Put together a SWOT business analysis with tips from a marketing professor, business entrepreneur and strategy consultant in this free video on business.
Chris Anderson on the Long Tail 9:03 mins file
"Wired" editor and author Chris Anderson explains his theory of "The Long Tail," using the music and film industries as examples.
Chris Anderson on Free 3:19 mins file
Wired's Editor In Chief Chris Anderson discusses why $0.00 is the future of business.
Geoff Birch on Visioning (funny) 2:02 mins file
Very funny stuff. Geoff burch is a business speaker, but he is so entertaining anyone would enjoy watching him, regardless of his business ... all » message. He talks about sales, marketing, self employment and is author of five best selling business books. Find more clips and info at http://www.geoffburch.com.
Blue Ocean Strategy summary 2:48 mins file
A synopsis of the business management book 'Blue Ocean Strategy'.
Cirque du Soleil Allegria 6:08 mins file
Cirque du Soleil Alegria, Powertrack 7:06 mins file
Cirque Du Soleil - Quidam (Aerial Contortion in Silk) 8:22 mins file
"O" Cirque du Soleil Resident Show 3:04 mins file
Cirque Du Soleil "O" - 22 min Video - Part 1 of 3 7:51 mins file
Cirque Du Soleil "O" - 22 min Video - Part 2 of 3 7:57 mins file
Cirque Du Soleil "O" - 22 min Video - Part 3 of 3 5:58 mins file
Cirque Du Soleil Guru (if you just want to spend your life watching CdS) file
Great to have these Cirque videos if you teach Blue Ocean Strategy concepts. CAUTION - this material is addictive!
Dr. Erwin Danneels - NBR Innovation Commentary, 1:39 mins file
Commentary by Dr. Erwin Danneels from WPI on June 19, 2008. The focus of this commentary is on the effects of open communication on innovation at firms.
Verizon Wireless Misfit Toys, :31 mins file
Verizon Wireless Santa's Workshop, :31 mins file
LEAKED: New iPhone Commercial, 1:17 mins file
Hysterical snippets about the rivalry between Verizon and ATT. Great example of rivalry and differentiation (or at least trying influence opinion about differentiation).
Rav4 Destructive Rivalry Commercial, 1:03 mins file
Funny video about the destructiveness of rivalry for one prize.
Star Alliance, 6:39 mins file
A short and good introduction of Star Alliance - The Airline Network for Earth.