Department of Management, California State University, Northridge BUS 497 – Course Outlines (FALL 2007) Course BUS 497: STRATEGIC MANAGEMENT SEMINAR Sessions R1900 – 2145 Professor Kalyan S Chakravarty Office JH4224, Extension 2435 E mail kalyan.chakravarty@csun.edu 17857 JH1238 Office Hours M 1230 – 1400 R 1730 – 1900 • Hitt, Ireland & Hoskisson, 2007. Strategic Management: Competitiveness and Globalization: Concepts and Cases, (7th Ed.), ISBN: 0-324-31694-1, Thomson: South-Western (Required) Textbooks • Gopinath & Siciliano, 2005. Strategize! – Experiential Exercises in Strategic Management, (2nd Ed.), ISBN: 0-324-25912-3, Thomson: South-Western (Required) Prerequisites Bus 302 and 302L, Mgt. 360, Mkt 304, Fin303 and passing the Upper Division Writing Proficiency Exams BUS 497 Fall 2007 Course Outlines Page 1 of 6 Department of Management, California State University, Northridge 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 decision-making 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 an uniform blend of a number of teaching methodologies and aids with a strong focus on group work and experiential exercises 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). A. (20%) Group Project: 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. BUS 497 Fall 2007 Course Outlines Page 2 of 6 Department of Management, California State University, Northridge 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 handle a section of the presentation. The total time allotted for each group will be 30 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 be required to submit a report. The completed report must be turned in on the day the group makes its presentation. 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. B. Case Analysis (20% Written Individual Assignment) Extending from the industry analysis group project, each student will submit an individual written strategic analysis and recommendations for a FIRM in an allotted case. He/she will research the writings related to this firm, while presenting a coherent and defensible analysis of the situation based on the framework (Strategic Management Model) used in the textbook. Within this framework, he/she will be free to select the format and length; the general principle is to present a comprehensive paper in a concise fashion. The report should be an individual effort and anyone attempting to share analyses and ideas will be penalized. Sloppy work in terms of analysis, content, style, neatness, grammar, syntax, and spelling will be equitably penalized and points deducted. The written individual paper will be due on 15th November 2007 at the beginning of the class. Late submissions will also be appropriately penalized. More details shall be provided later in the course. BUS 497 Fall 2007 Course Outlines Page 3 of 6 Department of Management, California State University, Northridge C. (20% x 3) Middle Term Tests: There will be three middle term tests. They will consist of a combination of multiple choice questions, true/false statements, and short essays on topics related to course curriculum. Grading The final letter grade assigned to each student will be determined by the students’ performance on the course components mentioned above. Attendance Class attendance is essential. There will be no penalty for those with a maximum of three absences. Students with four or more unexcused absences will run the risk of even failing in the course. Habitual lateness and/or leaving the classes early, for whatever reasons, are evidence of low commitment and will be penalized. 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. Please visit http://busecon.csun.edu/dean/values.html for a detailed description of these core values. 2. This syllabus provides the basic guidelines for various activities related to this class. Please read it carefully, and refer to it as we proceed. 3. Please talk to me soon if you have any suggestions, questions, or 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. BUS 497 Fall 2007 Course Outlines Page 4 of 6 Department of Management, California State University, Northridge Fall 2007 - Timetable SESSIONS 1 2 TOPICS, TASKS, READINGS Housekeeping, Course Introduction; Clarifying Mutual Expectations. Preparing for an Effective Case Analysis. Chapter 1: Strategic Management: Decision Making at the Strategic and Operational Levels. Understanding Strategy Exercise: Innkeepers of America Exercise: How do you define Strategy? 3 Chapter 1: Vision and Mission; The Strategic Management Process; Stakeholders. Exercise: How well do these organizations communicate their purpose? 4 Chapter 2: The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis. Case: Whole Foods Market: 2005 Will There Be Enough Organic Food to Satisfy the Growing Demand? 5 Chapter 3: The Internal Environment: Resources, Capabilities, and Core Competencies. Case: Whole Foods Market: 2005 – Contd. Will There Be Enough Organic Food to Satisfy the Growing Demand? 6 Structured Guidelines for the Group Project (Industry Analysis) and Firm Analysis (Written Individual Assignment) Chapter 4: Business-Level Strategy; Customers: Their Relationships with Business-Level Strategies; Purposes and Types of Business-Level Strategies. MIDDLE TERM I BUS 497 Fall 2007 Course Outlines Page 5 of 6 Department of Management, California State University, Northridge Fall 2007 - Timetable SESSIONS 7 TOPICS, TASKS, READINGS Developing Generic Business-Level Strategy; Chapter 9: Cooperative Strategy. Exercise: Choosing how to Compete in the Lodging Industry 8 9 Chapter 5: Competitive Rivalry and Competitive Dynamics; Competitor Analysis, Drivers of Competitive Actions and Responses, Strategic Focus. Southwest Airlines: The King of the Hill that is changing an Industry. Strategic Focus: Is GM stuck in the 1970’s? Group Project (Industry Analysis) and Individual Project (Firm Analysis: Written Individual Assignment) –Update MIDDLE TERM II 10 Chapter 6: Corporate-Level Strategy; Diversification Strategies; Levels of Diversification, Reasons, Managerial Motives to Diversify. Chapters 7&8: Acquisition and Restructuring Strategies; International Strategy. 11 12 Chapter 11: Organizational Structure and Controls: Relationship between Strategy and Structure; Critical Issues in Strategic Implementation. Exercise: Transition at PeopleSoft Inc. Chapter 12: Strategic Leadership: The Role of Top Level Managers; Managerial Succession; Key Strategic Leadership Actions; MIDDLE TERM III 13 GROUP PROJECT: PRESENTATIONS AND DISCUSSIONS 14 GROUP PROJECT: PRESENTATIONS AND DISCUSSIONS 15 GROUP PROJECT: PRESENTATIONS AND DISCUSSIONS Individual paper (Written Case Analysis): Due at the start of class on Nov15 2007 1 The timetable is subject to change. BUS 497 Fall 2007 Course Outlines Page 6 of 6