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  REMEMBERING MASON CARPENTER The Wisconsin School of Business lost beloved professor and friend Mason Carpenter on September 22, 2011, after a year-long battle with cancer. Mason joined the Management and Human Resources faculty in 1997, and served as professor of Strategic Management, M. Keith Weikel Professor in Leadership and associate dean of Evening and Executive MBA programs. Click here to read a message from Dean François Ortalo-Magné.

  Professor Mason A. Carpenter Professor of Strategic Management and the M. Keith Weikel Professor in Leadership Degree PhD, University of Texas at Austin

  
  

  Mason A. Carpenter (Ph.D., 1997, UT Austin) was the M. Keith Weikel Professor of Leadership in UW Madison's Wisconsin School of Business (WI, USA ). His research in strategic management concerned corporate governance, top management teams, social networks, and the strategic management of global startups, and was published widely in leading management and strategy journals. He was also author of numerous books used in leading undergraduate, MBA, and executive education courses around the world. He was Associate Editor of the Academy of Management Review, and served on the editorial board of the Strategic Management Journal. At UW he was the Associate Dean, MBAs for Working Professionals, and was 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 leading firms in North America, Latin America, Europe, Asia, and Southeast Asia. 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 worked 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.

  • Vita File
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  Bookshelf and Bookmarks

  • Mason's Bookshelf
    

  • Chapter 1, Strategic Management, Second Edition, 2009 File
  • Diamonds & Stars File
  • UW Business Strategy Case File
  • How to Build Your Network, HBR, Uzzi & Dunlap URL
  • Short E-ship Network Survey File
  • Networking Like Obama File

  • Mason's Bookmarks
    

  • The Unofficial LinkedIn User's Guide for Executives and Professionals URL
  • Webcast - The Power of the Youth Market URL
  • LinkedIn Profile Extreme Makeover by Guy Kawasaki URL
  • www.upmo.com [Upwardly Mobile.com] URL
  • xobni [InBox spelled backwards] URL
  • My Podcast on Social Networks URL

  
  
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  RESEARCH INTERESTS,

  PUBLICATIONS, & WORK IN PROCESS

  Research Interests

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

  Articles in Refereed Publications

  25. Graffin, S.D., S. Boivie, & M.A. Carpenter. 2011. The role of evaluative uncertainty in CEO pay and early dismissal. Academy of Management Best Papers Proceedings.

  24. Graffin, S.D., M.A. Carpenter, & S. Boivie. 2011. What's all that (strategic) noise? Anticipatory impression management in CEO succession. Strategic Management Journal. 32(7): 748-770. 

  23. Ross, A.D., S.R. Miller, & M.A. Carpenter. 2010. When methods and theories collide: Toward a better understanding of of improving unit performance in a multimarket firm. Operations Management Research. 3(3-4): 172-183.

  22. Carpenter, M.A., D.C. Indro, S.R. Miller, & M. Richards. 2010. When institutional and CEO preferences collide: Governance practices, raising capital abroad, and the moderating effects of home-country risk. Corporate Governance: An International Review.  18(6): 496-510.

  21. Nyberg, A., Smithey Fulmer, I., Gerhart, B., Carpenter, M.A. 2010. Agency theory revisted: CEO returns and shareholder interest alignment. Academy of Management Journal. 53(5): 1029-1049. [2011 AOM HR Division Scholarly Achievement Finalist for Best Published Manuscript]. Read on SSRN http://ssrn.com/abstract=1481927
  
  20. Carpenter, M.A. 2009. Mentoring Colleagues in the Craft and Spirit of Peer Review, Academy of Management Review, 34: 191-195.

  19. 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

  18. 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
  

  17. 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.

  16. 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.

  15. 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. Sage Best Paper Award, 2009.
  
  14. 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).

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

  13. 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.

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

  12. 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.

  11. Carpenter, M.A. & J.B. Wade. 2002. Micro-level opportunity structures as determinants of non-CEO executive pay. Academy of Management Journal.

  10. 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.

  9. 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.
  
  8. 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.
  
  7. 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.

  6. 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.
  
  5. 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.

  4. 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.

  3. 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.

  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.

  2. 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.

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

  Books and Other Publications

  19. Carpenter, M.A., & S. Dunung. 2011. International Business: Opportunities and Challenges in a Flattening World, 1/e. NY: Flat World Knowledge.
  
  18. Carpenter, M.A. 2011. Handbook of Top Management Team Research, New York City, NY: Edward Elgar Publishing.

  17. Stajkovic, A., M.A. Carpenter, & S. Graffin. 2011. A cross-cultural study of managerial charisma, social networks, and self-set goals. In the Handbook of Top Management Team Research, M.A. Carpenter, ed. NY: Edward Elgar Publishing.
  
  16. Carpenter, M.A., Sanders, W.G., Rice, J., & N. Martin. 2010. Strategic Management: A Dynamic Perspective. Sydney, Australia: Pearson Australia.
  
  15. Carpenter, M.A. 2010. An Executive's Primer on the Strategy of Social Networks. NY: Business Expert Press.
  
  14. Carpenter, M.A., T. Bauer, & B. Erdogan. 2010. Principles of Management: A Behavioral Approach, 2/e. NY: Flat World Knowledge.
  
  13. Carpenter, M.A., T. Bauer, & B. Erdogan. 2009. Principles of Management: A Behavioral Approach. NY: Flat World Knowledge.
  
  12. Carpenter, M.A. & W.G. Sanders. 2009. Strategic Management: A Dynamic Perspective, 2/e, NJ: Prentice-Hall. Concepts and Cases.
  
  11. Carpenter, M.A. & W.G. Sanders. 2009. Strategic Management: A Dynamic Perspective, 2/e, NJ: Prentice-Hall. Concepts.

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

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

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

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

  6. 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.

  5. 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.

  4. 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 .

  3. 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.

  2. 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.
  
  1. 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.

  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.

  
  
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  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)

  
  
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  Online Video Resources

  • Online Video Resources

  • All My YouTube Content @ http://www.youtube.com/user/TheStrategyprof URL
  • 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 Page
  • A collection of many sites with links to video material.
  • Socialnomics - English - Short version - 2:36 mins URL
  • Socialnomics - English - Long version - 4.22 mins URL
  • Socialnomics - Spanish - Long version - 4.22 mins URL
  • 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 URL
  • 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 URL
  • No link to strategy - just funny.
  • Onion News - Outsourcing Your Own Job - 2:27 mins URL
  • 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 URL
  • Social Learning through Flat World Knowledge - 1:33 mins URL
  • 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 URL
  • 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 URL
  • 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 URL
  • 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 URL

  • 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 URL
  • 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 URL

  • 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 URL

  • 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 URL
  • The Crisis of Credit Visualized, Part II, 3:44 mins URL
  • 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 URL
  • 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 URL
  • 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) URL
  • 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 URL
  • 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 URL
  • Greed is good speech; claymation version. :51 mins URL
  • 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 URL
  • 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 URL
  • 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 URL
  • "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 URL
  • Wired's Editor In Chief Chris Anderson discusses why $0.00 is the future of business.
  • Geoff Birch on Visioning (funny) 2:02 mins URL
  • 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 URL
  • A synopsis of the business management book 'Blue Ocean Strategy'.
  • Cirque du Soleil Allegria 6:08 mins URL
  • Cirque du Soleil Alegria, Powertrack 7:06 mins URL
  • Cirque Du Soleil - Quidam (Aerial Contortion in Silk) 8:22 mins URL
  • "O" Cirque du Soleil Resident Show 3:04 mins URL
  • Cirque Du Soleil "O" - 22 min Video - Part 1 of 3 7:51 mins URL
  • Cirque Du Soleil "O" - 22 min Video - Part 2 of 3 7:57 mins URL
  • Cirque Du Soleil "O" - 22 min Video - Part 3 of 3 5:58 mins URL
  • Cirque Du Soleil Guru (if you just want to spend your life watching CdS) URL
  • 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 URL
  • 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 URL
  • Verizon Wireless Santa's Workshop, :31 mins URL
  • LEAKED: New iPhone Commercial, 1:17 mins URL
  • 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 URL
  • Funny video about the destructiveness of rivalry for one prize.
  • Star Alliance, 6:39 mins URL
  • A short and good introduction of Star Alliance - The Airline Network for Earth. 
  • Game Theory with Professor Ben Polak, 24 1-hr modules URL
  • This course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere. Open Yale Courses provides free and open access to a selection of introductory courses taught by distinguished teachers and scholars at Yale University. The aim of the project is to expand access to educational materials for all who wish to learn.
  • Bacon Salt on YouTube, various lengths URL
  • Bacon Salt Article File
  • I use the BaconSalt case to talk about how to shift from a product-strategy-mindset to an organization-thinking mindset. The Midwest Express article(linked here - and that I use as the "case") does a good job summarizing the firm and here is also the link to the BaconSalt YouTube video website. A fun and tasty case.
  • Fail - Forward - Fast, 1:16 mins URL
  • Nice snippet on the notion of fail forward fast in the context of professional football - I use it to talk about the notion in the context of high velocity decision making.
  • Simple Strategy, 3:59 mins URL
  • Dan Heath, co-author of Made to Stick, speaks with Fast Company about running a successful business by keeping things simple.
  • Toyota Quality Crisis, 6:19 mins URL
  • Professor Mason Carpenter, management and human resources professor at the Wisconsin School of Business, joins “Office Hours” host Ken Goldstein to discuss Toyota’s recent automobile recall and related issues.

  
  
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  Ice Breakers

  • Ice Breakers Page

  
  
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  Group Breakouts Resource

  • Group Breakouts Page

  
  
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  Teaching Tools Resource

  • Teaching Tools Page

  
  
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  Games & Simulations

  • Games & Simulations Page

  
  
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  Class Closers

  • Class Closers Page

  
  
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  Other Tools & Links

  • Other Tools & Links Page