Welcome to Strategic Management Dr. Mark H. Mortensen Sessions 001 and 270 Thursdays 6:00PM to 9:00PM Mortensen Consulting Group Today 6:00 Begin Hello and introductions Exercise on “Why Bother with Strategic Management?” Review syllabus 7:30 BREAK Lecture on Chapter #1 Go over Assignments #0 and #1 8:50 End Mortensen Consulting Group Hello and Introductions Mortensen Consulting Group Why Bother with “Strategic Management?” Mortensen Consulting Group Whelen and Hunger Textbook 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Concepts Corporate Governance Ethics and Social Responsibility Environmental Scanning and Industry Analysis Internal Scanning: Organizational Analysis Strategy Formulation: Situational Analysis and Business Strategy Strategy Formulation: Corporate Strategy Strategy Formulation: Functional Strategy and Strategic Choices Strategy Implementation: Organizing for Action Strategy Implementation: Staffing and Directing Evaluation and Control Mortensen Consulting Group Syllabus Review Mortensen Consulting Group Any questions about the syllabus? If you think of one later, or find some mistakes, please e-mail me at Mark_Mortensen@uml.edu. Mortensen Consulting Group Break 15 minutes, please Mortensen Consulting Group Chapter 1 Lecture Mortensen Consulting Group Assignment #0 Due by: 9:00AM, Monday, 8 September 2008 Please e-mail to me at Mark_Mortensen@uml.edu a picture of you a few facts about you Let me know if you want me to use your UML e-mail address or another e-mail address for communication with you. It can be, for example: A .jpg from a digital camera and a few bullet points A link to a public web site with your picture, and a few bullet points A publically readable MySpace page (I’m at http://myspace.com/DrMarkHM ) A LinkedIn public page (I’m at http://LinkedIn/in/MarkHMortensen ) Mortensen Consulting Group Assignment #1 Due by: 6:00PM, Thursday, 18 September 2008 Visit both a Starbucks and a Dunkin’ Donuts retail store Describe and contrast the atmospheres, types of menu items, service quality, and prices Describe and contrast the patrons and how they react to the above Talk to at least one person in the store about why they come there and relate their opinions Describe your own experiences at each of them, from this and other visits. Visit the Starbucks and Dunkin’ Donuts web sites: Try to determine their target markets, mission statements, and anything else you can glean about their strategies – write a paragraph or two on each Contrast the two web sites Contrast the apparent strategies of the two Discuss how the information on the web sites does or does not match the reality in each case. A few pages should suffice – if it wants to be longer, OK.