Department of Management STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 – Course Outlines Sessions MW 1800 – 2145 Professor Kalyan S Chakravarty Office JH4224, Extension 2435 E mail kalyan.chakravarty@csun.edu Office Hours W 1700 - 1800 and by appointment, if needed Textbook • Carpenter, Mason A. & Sanders, Wm. Gerard, 2nd Edition Strategic Management: A Dynamic Perspective, Concepts and Cases ISBN: 0-13-234138-7 PEARSON Prentice Hall (Required) 10317 JH1121 Prerequisites Bus 302 and 302L, Mgt. 360, Mkt 304, Fin 303 and passing the Upper Division Writing Proficiency Exams Course Description This capstone course has been designed to introduce the principles of strategic management. It is an integrative and interdisciplinary course providing a broad view of the organization and its environment that includes buyers/consumers, suppliers, competitors, complementors, and the government – while taking a general management perspective throughout the curriculum. The emphasis of the course will be on sharpening the analytical and decisionmaking skills necessary for strategy formulation, implementation and control at both the corporate and business levels. The learning objectives are: 1. To identify the key issues faced by a firm and analyze its internal strengths and weaknesses in the context of current environmental forces impacting the firm. 2. To see the firm as a whole while examining critically how policies in each function like finance, marketing, manufacturing and human resources can be synthesized and integrated into an overall competitive strategy. 3. To be able to recommend a set of viable strategies that the firm might pursue and communicate this analysis in a concise and persuasive fashion. 4. To understand key implementation issues that managers need to deal with, while making relevant and reasonable strategic recommendations for the firm. Preparations The course will have a uniform blend of a number of teaching methodologies and aids with a strong focus on group work including the analysis of a number of cases, articles, etc. The students are expected to prepare themselves well in advance before each session in order to participate in the discussions meaningfully. The assigned readings must be read thoroughly before coming to the class in order to derive maximum mileage from each session. Course Work The evaluation and grading will be based on the following course work. The components described below are designed, both independently and collectively, to achieve the course objectives. Each component is important both by itself and as a key part of the overall system (so any major omission may lead to an F for the course). Industry Analysis Competitors Analysis Middle Term Test (3) Punctuality, Attendance, Participation Total: 25 pts 20 pts 45 pts 10 pts 100 pts STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 2 A. Industry Analysis: Group Project (25%) Students will form groups of five or less, and each group will conduct an in-depth analysis of one INDUSTRY (a different one for each group). They will research the writings related to this industry, and apply the models described in the class to analyze this industry. The aspects to be covered should include: (1) The basics of the industry (including a basic description of the industry, the basic technology and process, customer bases, suppliers and other significant stakeholders as the group members see appropriate), (2) the general environment, (3) the industry environment (the five forces model and other relevant industry analysis models when applicable), (4) the interplays among the major competitors in this industry (competitive approaches and strategic groups), and (5) the strategic recommendations based on your analysis to the competing firms in this industry. The outcome of this paper should be a better understanding of the industry in particular and the ability to understand broad issues relevant to strategic management in general. The group will then make a formal presentation of the analysis in the class, with each member of the group getting an opportunity to deal with a section of the presentation. The total time allotted for each group will be thirty minutes. Please practice prior to the presentation so that you will be able to finish the report within the given time limit. The presentation of each group will be evaluated by the instructor using predetermined criteria that include presentation quality (introduction, style, structure, preparation, and visual aids) and substances specified above. Each group will also submit a report. This report will be evaluated by the instructor. All references must be specified on a separate page. We will also utilize electronic submission for the project report. The industry to be analyzed will be determined with students’ inputs, and dates fixed in advance for the presentations. The data used for the analysis and presentation should be up-to-date and could be from primary or published data sources, and all the analyses will be conducted in the context of the course and its coverage. Information about the reference materials is available in the textbook and from the library. The completed report must be turned in on the day the group makes its presentation. B. Key Competitors Analysis: Triad Project (20%): Students will form groups of three (triads), and each group will conduct an in-depth comparative analysis of two competing firms in the same industry (a different one for each group) to be allotted at an appropriate time. They will research the writings related to these two firms in the prescribed template, and apply the models STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 3 described in the class to analyze them and present their strategic recommendations for the firms. The total time allotted to each triad will be twenty minutes. Once again, please practice prior to the presentation to ensure its satisfactory completion within the stipulated time limit. Each triad will also submit a report for evaluation by the instructor. More details shall be provided later in the course. The aspects to be covered should include: (1) Evaluation of the current performance of the firms How successful have the strategies been in generating an above-average financial performance of the firm over time and in relation to the industry and competitors? (2) Comparing the two competing firms on prescribed parameters Faced with the same industry environment, examine how and why the firms pursued the strategies they did. (3) Strategic recommendations by the triad What are your recommendations for each of them? How would you change their strategies? What recommendations do you have for implementation? The completed report must be turned in on the day the triad makes its presentation. C. (15% x 3) Middle Term Test: There will be three non-cumulative middle term tests. They will consist of a combination of multiple choice questions, true/false statements, and short essays on topics related to course curricula. D. Punctuality, Attendance and Class Participation (10%) Class attendance is absolutely essential. There will be no penalty for those with a maximum of two absences. Students with three or more unexcused absences will run the risk of even failing in the course. Attendance in all group industry analysis and competitors presentations is mandatory. analysis Habitual lateness and/or leaving the classes early, for whatever reasons, are evidence of low commitment and will be penalized. STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 4 Please come to each class prepared to discuss the readings and assignments and to play an active role in contributing to class discussions. Those making insightful comments that increase the level of energy and interest in the topics discussed would definitely make a discernible impact than others. A superior participation score is given to one who demonstrates the ability to comment upon the content and the process of our discussions. Some questions to help illustrate the preferred mode are: Does the group become more energized after this person contributes? Is this person more focused? Does this person listen to others and build upon their ideas? Grading The final letter grade assigned to each student will be determined by the students’ performance on the course components mentioned above. Other Issues 1. The College of Business and Economics at California State University, Northridge prepares students to be ethical decision makers. The college maintains high standards of ethical conduct that students are expected to maintain throughout their academic and professional careers. Students in the College of Business and Economics have identified the values of respect, honesty, integrity, commitment, and responsibility as their guiding principles. 2. This syllabus is the basic guideline for various activities related to this class. Please read it carefully, and refer to it as we proceed. 3. Please talk to me as soon as possible if you have any suggestions, questions, problems and concerns. 4. Time management is critical when dealing with many, and often conflicting demands. Such demands could be from your studies, your work, and/or personal obligations. To deal with them effectively, you must set up your priorities straight and work accordingly. (When in this class, you are required to engage fully in activities in this class.) 5. All instances of academic dishonesty will be dealt with strictly according to the University policies and guidelines. 6. All students are required to use the CSUN computing facility to send and receive email communications. STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 5 Summer 2009 - Timetable MODULES TOPICS, TASKS, READINGS 1 Housekeeping, Course Introduction, Syllabus Review, Clarifying Mutual Expectations, Preparing for Case Discussions (Pgs 470 - 473) Chapter 1: Introducing Strategic Management: The 21st Century Competitive Landscape, Determinants of Competitive Advantage Establish Presentation Teams/Triads 2 Chapter 2: Leading Strategically Through Effective Vision and Mission: Stakeholders; Strategic Leaders; The Strategic Management Process Ethics, Biases, and Strategic Decision Making Chapter 3: Examining the Internal Environment: Resources, Capabilities, and Activities: Core Competencies: The VRINE Model, Value Chain Analysis, Outsourcing, Offshoring 3 4 5 6 Chapter 4: Examining the External Environment: Macro and Industry Dynamics: The General Environment (GE): PESTEL Analysis, The Industry Environment (IE): Porter’s Five Forces Model The Competitors Environment (CE): Strategic Groups, Value Curve Case Analysis I: Prince Edward Island Preserve Co. Industry Analysis and Competitors Analysis: Structured Guidelines Preparing for Middle Term 1 MIDDLE TERM 1 Chapters 5: Creating Business Strategies: Customers: Their Relationships with Business-Level Strategies; Purposes and Types of Business-Level Strategies. Competitive Threats in Developing Generic Business-Level Strategies Chapter 6: Crafting Business Strategy for Dynamic Contexts: Competitive Rivalry and Competitive Dynamics; Competitor Analysis, Drivers of Competitive Actions and Responses, Likelihood of Attacks and Likelihood of Responses to Attacks; Rates of Competitive Speeds in Different Markets; Strategic Focus Chapter 7: Developing Corporate Strategy: Diversification Strategies; Levels of Diversification, Economic Logic 0f Diversification, Synergy, Managerial Motives to Diversify; Case Analysis II: McDonalds and the McCafe Coffee Initiative Group Project: Industry Analysis, Competitors’ Analysis –Update STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 6 Summer 2009 - Timetable MODULES 7 8 9 10 11 12 1 TOPICS, TASKS, READINGS Chapters 8, 9 & 10: Understanding International Strategies, Strategic Alliances and Cooperative Strategies, Mergers, Acquisitions and Restructuring Strategies: Case Analysis III: Oracle: Growth by Acquisition Preparing for Middle Term 2 MIDDLE TERM 2 Chapter 11: Organizational Structure, Systems, and Processes: Relationship between Strategy and Structure Implementation Levers, Strategic Leadership and Strategy Implementation: 7S Model Chapters 12 & 13: Corporate Governance in the Twenty-First Century: Critical Issues in Strategy Implementation; Strategic Leadership; Strategic Entrepreneurship Case Analysis IV: Google in China Preparing for Middle Term 3 MIDDLE TERM 3 Case Analysis V: Trouble in the Magic Kingdom: Governance Problems at Disney Final Preparatory Work for Group/Triad Projects: - Industry Analysis Presentations - Competitors’ Analysis Presentations Key Competitors’ Analysis Project: Triad Presentations Comparing Two KEY FIRMS in the Same Industry Industry Analysis Project: Group Presentations PRESENTATIONS AND DISCUSSIONS The timetable is subject to change STRATEGIC MANAGEMENT SEMINAR BUS 497 Summer 2009 7