August 24, 2009 1 Strategic Management Seminar California State University, Northridge College of Business and Economics Dr. Daniel Degravel Strategic Management Fall 2009 Bus 497 Class 12593 MW 09:30am Class 12594 MW 11:00am August to December 2009 2 Day Outline I. Professor: introduction II. Course Objectives III. Course Structure and Schedule IV. Evaluation V. Teaching Method VI. Work for students VII. Contents VIII. Students: presentation 3 Professor 1- Internal consultant 3- Faculty Four perspectives 2- Project manager 4- External consultant 4 1- Internal consultant 2- Project manager Professor Advisor, “Implementor” Study and make recommendations Preparation of Material for Decision Follow-up of Solutions Implementation “Constructor”, Pilot and Teamwork Animator Change Management Construction of Method, Tool, Process First Cycle and Preparation of Resources to run it after start 5 Professor Professor and Communicator Constructor of Knowledge Knowledge “Tranferor” Knowledge Builder (Searcher) Class and Groups Animator Consultant Diagnosis builder as a generalist Problem-solver Recommendation maker Solution implementor 3- Faculty 4- External consultant 6 Course Fundamental Objectives Make students able to deal with strategic topics: understand, build, market and implement a strategic plan But also… Providing students with knowledge and experience, allowing them to build for their future career good Performance and Behavior as managers… 7 Course Fundamental Objectives 1- Identify critical issues 2- and 4From variety of functional areas 3- Strategic recommendations 5- Understanding of key implementation issues 6- Communicating Additional Objectives: -Classic skills for managers (group animation, teamwork and leadership) -Learn concepts and tools -Discover business world 8 Schedule 8 Chapters Discussions and exercises Exams 3+? Dialogue with Professor Validation of proposals Evaluation of students Individual Report Report about strategic issues in a specific firm/industry Presentation in front-of class 30 Sessions 1:15h Case study presentation and discussion 8 case studies One presenting team and one challenging team per case Guest speakers 3+? Final Team Project Presentation by each team of their study of firm’s R&C (session at the end of semester) 09 Teaching Method Chapters Class Discussion Not totality of chapter but specific parts or questions Illustration on companies Large contribution from students Ind. report Each student writes report on specific strategic topic in a firm/industry and presents it in front-of class Case studies 1- A “Presenting team” discusses case in front-of the class (15 mn) 2- Challenging team questions, discusses and proposes 3- Global discussion with whole class Presenting team has provided Instructor with their slides Instructor guides discussion if necessary and adds material RBV report Final Team Project (large report): R&C study based on interviews of top managers in a firm chosen by the team Guest speakers Exams 10 Case studies INDUSTRY ANALYSIS 1- De Beers 2- Coors 3- Caterpillar CORPORATE STRATEGY COMPETITIVE STRATEGY/POSITION 4- Airborne Express 5- Tata group 7- Komatsu 8- Netflix ALLIANCES, NETWORKS and INTERNATIONAL 6- Jollibee Foods 11 Evaluation Participation (Individual) Individual Report (Individual) Exams (lowest dropped) (Individual) 10% 20% 20 % Case study (Presenting & Challenging) (Team) 20% Final Team Business Project (Team) 30% Total 100% 12 Evaluation Overview of the evaluation Format (Proportion, Clarity, Quality of report and participation, …) A Superior Outstanding C+ Below Competent Bach. level BB Slightly Competent below Bach. level Competent Bach. level B+ Very Good AExcellent C+ Considerably below Competent Bach. level CUnsatisfactory D Poor D+ Very Unsatisfactory DF Very Poor Failure Contents (Quality, Pertinence, …) 13 Students’ contribution 1- Personal Preparation 2- Quality of oral and written contributions 3- Active and permanent involvement in the class 4- Contact and feed-back with Instructor, interaction within teams and other classmates, performance of teamwork 14 Contents 1- Strategic Management. A dynamic perspective. Concepts Mason A. Carpenter and W. Gerard Sanders, Pearson Prentice Hall, Upper Saddle River, NJ 07458, 2009, 480p., 2nd Ed. Customized version ISBN 978-0-558-04456-5 or regular version ISBN 9780-13-234140-0 2- Set of HBS and HKU case studies Customized version ISBN 978-0-536-76476-8 3- Regular readings of Business Magazines: Business Week LA Times Business Fortune Barron’s Wall Street Journal Forbes 4- Professor’s website www.csun.edu/~degravel 15 Finally… Bad and Good News 1- Confusion at the beginning, huge amount of material and information 2- Pretty much quickly, the puzzle emerges and starts to make sense Some confusion is normal at the beginning 16 Students: Introduction I. Education II. Professional Experience / Position / Current Organization III. « Contacts » with Strategy IV. Career orientation V. Specific Expectations for the Course 17 Contents Context and Environment of the Organization I Implementation D A Definition Analysis Define Strategic Management and the way it works (actors and processes) Understand the external and internal environment as determinants of your strategic choice Put your strategic orientations and decisions into the real life of the Organization D Design Choose your strategy and define it precisely, founding it on the outcomes of the Analytical step 18 Contents 19 Strategy? 1-Comprehensive alignment of Organization with its future Environment 2- Allocation of critical Resources over long periods of time in pursuit of specific goals and objectives 3- Vision + Road