Salem State University - Bertolon School of Business Spring 2013- Course Syllabus I. Course Data Course: BUS 470 Business Policy and Strategy - 3 credit hours Time and location: Monday and Wednesday 12:15 (CC-237) and 2:00 (CC-237), Monday evening 4:30 – 6:50 (CC-237), Wednesday evening location: 4:30 – 6:50 (CC-111) Instructor: Dr. Edward W. Desmarais Office: CC 230 Telephone: 978-542-7304 email: edward.desmarais@salemstate.edu web page: http://w3.salemstate.edu/~edesmarais/ Office hours: I am normally in my office at 11:30 am on the days I teach. Refer to the schedule posted on my office door for additional office hours. I encourage you to stop by or send an email if you have questions. Prerequisites: FIN 322, MGT 231/MGT332, MKT 241, SPC 101 AND senior status (You must successfully complete all prerequisites before taking this class.) Reading material required: McGraw-Hill Create e-text and e-case. The faculty designed the books especially for you. There are two purchasing options. You may either purchase the books as Acrobat files or you may print the books. The course web site provides instructions and links to the McGraw-Hill e-Bookstore. You will need a credit card or equivalent to pay for the books. You must also subscribe to the Wall Street Journal. The link to subscribe is (https://buy.wsj.com/shopandbuy/order/subscribe.jsp?pId=27900076). You will need a credit card or equivalent to pay for the subscription. II. Course Description The Business Policy and Strategy course integrates and applies all prior courses in the School of Business academic program. It is the capstone course for the business program and it is essentially identical to the processes general managers (e.g., CEO) and subordinate managers use to form strategies and to make decisions. At the end of this course, you should be able to formulate and recommend corporate level or business level strategy based on: the interaction between a firm’s competitive capabilities (strengths and weaknesses) and the firm’s macro-environment and industry environment (opportunities and threats), macro-environment analysis, industry and competitor analysis, an analysis of the firm’s mission, vision, and strategic and financial objectives, analysis of the firm’s competitive capabilities in the areas of strategy (business and functional levels) strategy implementation, resources, use of the value chain to minimize costs and increase value to the firms stakeholders, analysis of the firm’s top management value and culture in formulating and implementing strategy, analysis of the firm’s financial performance, and control mechanisms for monitoring and evaluating the effectiveness of strategic decisions during implementation. III. Course Objectives Learning is the primary objective for this course. Through this course you will: learn the course content, learn new skills (e.g. rhetoric) or improve upon existing skills (e.g. writing), integrate and apply concepts and skills learned in prior courses to problems businesses face, and practice interpersonal, team, and communication skills that are essential ingredients in the formulation and implementation of business strategy. In addition, the Business Policy and Strategy course addresses the Bertolon School of Business’ (BSB) five learning goals and eight learning objectives. Learning goal 1: Ethical responsibilities: Our graduates will have the ability to recognize ethical issues and dilemmas. Learning objective 1.1: Our graduates can recognize and analyze ethical issues and/or dilemmas. Learning goal 2: Globalization and multicultural: Our graduates will have a working knowledge of the global economy and business cultures throughout the world. Learning objective 2.1: Our graduates can recognize and analyze global business and cultural issues and provide business solutions. Learning goal 3: Communication Professional skills: Our graduates will be effective communicators and leaders and will have professional interpersonal skills. Learning objective 3.1: Our graduates will communicate effectively and professionally in business writing. Learning objective 3.2: Our graduates communicate effectively and professionally in oral business presentations. Learning objective 3.3: Our graduates demonstrate interpersonal skills and a basic professional demeanor. Learning goal 4: Analytical thinking and quantitative reasoning skills: Our graduates will be able to use analytical thinking and quantitative reasoning skills to solving problems, and make decisions and recommendations. Learning objective 4.1: Our graduates will demonstrate analytical thinking skills. Learning objective 4.2: Our graduates will be able to use quantitative reasoning as a tool for solving business problems. Learning goal 5: Our graduates will learn the content knowledge and be able to apply that knowledge in their respective concentrations. Learning objective 5.1: Graduates will demonstrate knowledge and the ability to apply basic concepts in their respective concentrations (e.g., Accounting, Economics, Management, Operations Management and Quantitative Methods, 2 Finance, Marketing, Legal & Social Environment, Information Systems, International). IV. Student responsibilities You are responsible for the following: act as an aspiring professional for your chosen field, read, understand and comply with the syllabus, and BUS 470 section of the web page, completing all course requirements and for keeping up with all that goes on in the course (whether or not the student is present), read the assigned material (e.g. text chapter, case) before coming to class, read and follow instructions (e.g. memo format, worksheets) ask questions, work with your colleagues on assignments, submit completed assignments on or before due dates, use resources (e.g. writing center, accounting lab) to assist you with learning and completing assignments, earn your grade based on performance (NOTE: Effort is not equivalent to performance. I do not give grades. You earn your grade based on your performance. I use rubrics to evaluate your performance. The rubrics for each respective type of performance are on the web site.), fully comply with all of the academic policies listed in the current Undergraduate Catalog, and reflect on how this course and your academic program will prepare you to achieve your personal and professional aspirations. Bertolon School of Business Expectations of Undergraduate Students High quality undergraduate education is a function of the professional and ethical behavior of all involved, therefore it is essential that undergraduate students be aware of faculty expectations and to conduct themselves in a mature manner. Accordingly: All BSB undergraduate students are responsible for knowledge of BSB programs and procedures as stated in the BSB Undergraduate Handbook found at the following: http://www.salemstate.edu/assets/documents/ACA_Bertolon/BSB_Undergraduate_Stude nt_Handbook_final.pdf Undergraduate students should become especially well acquainted with the University’s academic integrity policies. http://www.salemstate.edu/registrar/0608catalog/docs/SSC_UnderGrad_Catalog.pdf Because undergraduate education should be a priority, it is essential to attend all classes. If professional or personal reasons prevent attendance of any class in a given semester, the student is responsible for notifying the instructor in advance and making up for missed course work. Because learning is most effective when it is active, students are expected to be involved in all class activities. They should come prepared for each class and actively participate in discussions, projects, and/or other course activities. Student behavior in the classroom should not disrupt the educational experiences of other students and/or the instructor’s course objectives. Disruptive behavior may include, but is not limited to: non-approved use of electronic devices (including cellular V. 3 telephones), having side conversations, leaving class early, continually arriving late, or stepping out of the room during class time. Such disrespectful behaviors should be kept to a minimum. VI. Attendance I expect you to attend every class. If you miss a class, arrive late or leave early, you are responsible for notifying me in advance using either voice mail or an email at least 15 minutes before the beginning of class. The preceding expectation is consistent with professional behavior. I may, depending on your reason, request supporting documentation to substantiate your absence. I do accept valid reasons for an absence (e.g., medical, business trip). Vacations, car problems, snow, “stuck in traffic” and similar examples are not valid reasons for an absence. VII. Teaching Method (Pedagogy) My web page includes a section titled Teaching Method and Philosophy. The section describes how “doing” provides deep learning. The course will require you to communicate in writing and orally, both in groups and in class. These activities match the traits that employers seek in new college graduates and employees. As the instructor, my responsibility is to provide assignments and methods that will enable you to meet the course objectives. You retain all of the responsibilities for your learning (e.g. readiness for class, asking questions, seeking requisite assistance, ability to apply concepts taught in previous courses). I provide an agenda for each class. The standard agenda includes administrative items, opportunities for you to ask course related questions, and a discussion of current events in business (WSJ). I post each class’ notes on the web site. VIII. Available Resources The course web site provides a robust set of resources and references. Peruse various parts of the site for examples of memos, case analyses, presentations, guidelines for the assignments, rubrics used to assess your performance and a multitude of other references. The writing center is a resource you should also use. If necessary contact Salem State’s Student Academic Support Services (http://www.salemstate.edu/sass/). The following are links to the BSB and BSB student resources respective web pages. The links provide valuable tools to assist and guide you. http://www.salemstate.edu/academics/schools/bertolon.php http://www.salemstate.edu/academics/schools/4831.php http://libguides.salemstate.edu/businesswriting IX. Performance measurement (Course and Grading Policies) This course uses the “Principles of Good Practice for Assessing Student Learning” (American Association of Higher Education, 1992). The web page lists the principles. I evaluate your performance using rubrics (refer to the web site) for each of the following components. Similar to professional work environments, there are no tests or exams. Your grade is a composite of your individual performance (65 %) and your team’s performance (35 %). Each component has the following weight: 4 Memos Individual 15% Team Total 15% Class participation 40 % Individual readiness (30%) Class discussion (10%) 40 % Team participation 10 % 10 % Final case presentation 10 % 10 % Final case report 25 % 35 % 25 % 100 % 65 % Memos (15%) Managers in business are nearly universal in citing the ability to write and to make persuasive arguments (cause and effect logic) as the two skills they seek in the college graduates they hire. The principal purpose for writing memos is to rigorously address both skills throughout the semester. The memos entail developing and refining your ability to succinctly communicate your analysis of an issue or situation and making implementable recommendations to address the issue to a senior manager. There will be approximately three memos during the semester. You must submit a paper copy of a “memo” assignment at the beginning of the class on the date for which the assignment is due. You must also submit electronic copies of the memos on or before the due date. The electronic submission is not a substitute for the paper copy. The end of each class begins a 24 hour grace period for submitting memos. I will not accept any memos students submit more than twenty-four hours after the memo is due. I will deduct 25% of the grade you earn for submissions in this twenty-four hour period. For only those students submitting their memos at the beginning of class on the due date as a paper copy (not after class, during the twenty-four hour grace period or submitted by email), you will have multiple opportunities to rewrite your memos and improve your grade. Please refer to the web site for additional instructions, for the blank preparation matrix, memo examples and the rubric I use to grade your performance. Please note that subsets of the chapter worksheets are preparation matrices for each memo. The chapter worksheets are also the starting point for the final case. The skills for writing a business memo are necessary for writing a lengthier and more comprehensive analysis of a company. Participation (40%) In order to earn a high participation grade, you must actively and routinely participate. As the first part of your class participation grade: I will conduct random individual readiness assessments (IRA) of your retention of material from previous classes, as well as your readiness for the day’s class and assignments (other than memos) you complete at home. You must also ask questions, answer questions I pose, provide insights relating Wall Street Journal articles you read to the topical material we are covering in class, provide relevant case facts, and demonstrate similar active participation. 5 The second part of your class participation grade pertains to the content, frequency and professional decorum you demonstrate during the class discussion. Please note this class involves extensive “cold calling”. Your ability to answer questions is a foundation for a good class discussion grade and ultimately for your professional career. I also include assignment performance, emails with high quality questions, office hour appointments, and your individual performance as part of your class participation. The web page provides the criteria used to determine your individual class participation grade. During the semester, we can meet to discuss your class participation. I may also choose to send you email or speak with you before or after class. If you miss class, you do not earn the participation (discussion) point(s) for that day. If you come to class but do not participate you do not earn participation point(s). Team participation (10%) This course requires you to be a member of a team throughout the semester. Students self-select team members. Team composition cannot exceed six (6) class members or be less than four (4) members. Each Team will submit a written contract. The contract can address topics such as participation, composition, responsibilities and decision-making processes. The contract MUST address specific provisions (e.g., notification process, voting requirements, grounds for removal) for removing a member of the Team and for a Team member voluntarily leaving one Team and joining another Team. The contract must include the Team’s mission and objectives. The web page provides several examples of Team contracts. You may choose to use these examples in full or adopt only the portions that match your Team’s needs and desires. At the end of the semester, your teammates will evaluate your participation in the Team's activities (case analyses and team assignments). Each Team member will evaluate the other members of the Team using the peer evaluation form on the web site. The composite of your team member's peer evaluations comprise your Team participation grade. Students must complete and submit peer evaluations as email attachments per the schedule. Completed peer evaluations are the equivalent of a written assignment due at the beginning of class. I accept no excuses for late peer evaluation submittals. Final case presentation (10%) Each team will present their analysis using Power Point. The presentation is a learning opportunity for the types of presentations you can expect in your professional career. The website provides the template/format for your final presentation. The web site provides an example of an introduction. You must provide one printed copy of your presentation slides to the instructor before giving your presentation. Final Case (25%) The Final Case is the culmination of the course and is a detailed, rigorous analysis of a firm and its environment. Each team, in the role of a consulting firm will prepare and submit a written analysis of the firm’s competitive capabilities (strengths and weaknesses) and environment (opportunities and threats) and provides recommendations strategic recommendations to the firm. At the end of the semester, each Team will submit an email with the final written case report (Word format), and Power Point presentation. 6 X. Salem State University applicable policy statements1 Academic Writing Standards “The college policy on academic writing standards applies to all course work. Expository writing assignments may receive a grade of “C” or higher only if the form and content are appropriate for the purpose of the assignment and for the intended audience. Characteristics of expository writing include the following: 1. A clear thesis 2. Adequate support for the thesis 3. Clear and coherent overall structure 4. Varied sentence structure and expression 5. Standard usage, punctuation, and spelling 6. Accurate documentation when necessary These standards may be amended by the instructor to meet the specialized writing requirements of various disciplines.” Academic integrity “Salem State College assumes that all students come to the College with serious educational intent and expects them to be mature, responsible individuals who will exhibit high standards of honesty and personal contact in their academic life. All forms of academic dishonesty are serious offenses against the College Community. The College will apply sanctions when student conduct interferes with our primary educational objectives.” Critical Emergency Statement “In the event of a university declared critical emergency, Salem State University reserves the right to alter this course plan. Students should refer to www.salemstate.edu for further information and updates. The course attendance policy stays in effect until there is a university declared critical emergency. In the event of an emergency, the instructor will send all students an email (using their Salem State email address) describing alternative educational plans for this course.” SSU Academic Accommodations Policy Statement "Salem State University is committed to providing equal access to the educational experience for all students in compliance with Section 504 of The Rehabilitation Act and The Americans with Disabilities Act and to providing all reasonable academic accommodations, aids and adjustments. Any student who has a documented disability requiring an accommodation, aid or adjustment should speak with the instructor immediately. Students with Disabilities who have not previously done so should provide documentation to and schedule an appointment with the Office for Students with Disabilities and obtain appropriate services." Email Communication Policy “Email is an official means of communication at Salem State University. Therefore, the University has the right to send communications to students and employees via email and the right to expect that those communications will be received and read in a timely fashion.” 1 The following link applies to all University policies. (http://catalog.salemstate.edu/content.php?catoid=18&navoid=1801) 7 Disruptive Student in Classroom Policy “Disruptive student behavior in the classroom includes and is not limited to the following definitions: 1. Exhibiting excessive behavior, which through its constancy throws the classroom activity in disorder or does not permit others to hear, see or concentrate on classroom presentation and/or activity. 2. Demonstrating an attitude or action which is threatening or hazardous to the safety and welfare of others and/or him/herself in the classroom. This includes aggressive and/or bizarre behavior. 3. Disrupting the classroom with inappropriate verbal tone, volume or content which may be threatening and/or intimidating to the other members in the classroom.” XI. Last Day to Withdraw from the Course Refer to the semester program schedule to determine the last day to withdraw from the course with a “W” grade. XII. Class schedule Refer to the web site for the assignment schedule. 8