Peter T. Paul College of Business and Economics ADMN 703 (05): Strategic Management: Decision Making Fall - 2019 Instructor: Jianhong Chen Office: 360A Lecture: Tuesdays and Thursdays Time: 11:10am-12: 30 pm Room: Paul College Business & Econ 225 E-mail: Jianhong.Chen@unh.edu Office hours: Tuesdays 3:30pm -4:30pm or by appointment Course Overview Course Description ADMN 703 is the capstone course for all undergraduate business students in the Paul college of Business. The course is designed to integrate the business administration curriculum with current business phenomena by applying theories and analytical tools to address challenges and problems that firms face. Course learning objectives To allow students to demonstrate an understanding of business practices as they relate to local, national and global competitiveness. To allow students to integrate conceptual and analytical skills to think strategically. To help students to develop the viewpoint of the General Manager as an ethical and strategic leader in her/his role in creating and sustaining organizational competitive advantage. To reinforce the importance of teams and to continue the development of group decision-making skills. To help students sharpen their written and oral communicative skills and abilities. Course material I have created a custom textbook and a custom case study book. They are available in the UNH bookstore. Strategic Management: Text ADMN 703 (ISBN13: 9781308872582) Strategic Management: Cases ADMN 703 (ISBN 13: 9781307088946) 1 Course expectations ADMN 703 is designed to be fast-paced and rigorous. Sometimes the material will be new and difficult, while at other times it may be a refresher of concepts you have learned in your other classes at the Paul College. The key to being successful in this class is to keep up with the material and make sure you constantly ask yourself how the topics can be integrated into a coherent view of strategic management. To enhance the rigorousness and quality of this class, I significantly modified the syllabus from previous semesters. I expect that you spend at least 5 hours each week in order to get an A. Grading Policies Grading criteria Category 1. Class participation 2. Exam 1 3. Exam 2 4. Online quizzes and Case analysis 5. Group case presentation 6. Business simulation report 7. Business simulation performance 8. Final group project presentation 9. The group project write-up Total Points 10 points 15 points 20 points 3 points X 9 4 points 2 points 8 points 4 points 10 points 100 points I expect you to raise any questions about grades on exams or deliverables during regularly scheduled office hours (or by making an appointment) within one week of receiving the grade. Grades will not be changed after more than one week has passed from the posting date. There will be no “extra credit” assignments offered or accepted. Grading Scale I will NOT round grades and the following grade scale represent the thresholds for each letter grade (e.g. an 89.99 is a B+, and 90.01 is an A-). Letter Grade A AB+ B B- Raw Score % 100-94 93-90 89-87 86-84 83-80 Letter Grade C CD+ D D- 2 Raw Score % 76-74 73-70 69-67 66-64 63-60 C+ 79-77 F <60 Individual Tasks Class Participation The benefit that you will derive from the course will depend upon the extent to which you expose your own viewpoints or conclusions to the critical judgment of the class. Thus, class attendance is essential and part of being professional. However, there is no formal attendance policy for this course. It is important to note that participation in class is 10% of your overall grade, and you cannot participate if you are not in class. Two or more absences for the semester will seriously affect course overall grade. Simply attending class is necessary but not sufficient. This course has a large case component and thus requires discussion than a conventional, lecturebased course. Please refer to Grading Rubric for Class participation at the end of the syllabus. I would strong encourage you to write down how many times you answer questions for each class on your name card. To ensure a climate of learning for all, disruptive or inappropriate behavior may result in exclusion (removal) from this class. As a reminder, cell phone/pda, etc. use, including text messaging, and videotaping and recording is not permitted in this class by Faculty Senate rule unless by instructor permission. Exams You will have 2 in-class exams during the term. Exams will cover all readings, lectures, cases, exercises, and class discussions (Cumulative). Except in very specific cases, missing an exam will result in a zero. Contact me immediately in cases of medical emergencies, immediate family emergencies, job interviews, or travel on official university business (for example intercollegiate athletic competitions), or other extraordinary circumstances. Online, open-book quizzes There will be 9 online, open-book quizzes during the whole semester. Each quiz includes 6 multiple-choice questions (3 questions are about course material and 3 questions are about the case) and 1 essay questions (about the case). Please read both the relevant case and book chapter before you take the quiz. The time limit for each quiz is 2 hours. All of questions are to be done individually. 3 Team Tasks Group case presentations Each team needs to have 5 students. Each group will need to present and lead one case discussion in the course. The cases topics are “first come, first served”. The case presentation should be around 30 minutes and should include detailed information about the core concepts, theories and analytic tools in the focal chapter. The content of Presentations: o Case summary This section should report the basic information about the case. Following points should be included: Background of firm being analyzed The purpose of your case analysis The highlights of the case o Linking theory to practice This section should explain the link between the theory and the business itself. Think about how would the core concepts and analytic tools help us improve our understanding of the case study? Also try to develop an analytical approach that facilitates our case analysis (this requires a lot of thinking and the team needs to work together) I strongly suggest that each group set up an appointment with the instructor to lay out the key discussion questions. Business simulation Report The course includes a simulation in which you will work with other students to run a simulated company. You will do 4 practice rounds and 8 competition rounds. At the end of the semester, you need to submit a two-page summary about lessons you learned from business simulation. 4 Business simulation Performance You will have a tournament in which you will run a simulated company for a hypothetical period of eight years. The capstone simulation will provide cumulative points at the end of each round. Your score will be determined by your cumulative points. Your cumulative points Score >5000 4500-5000 4000-4500 3500-4000 3000-3500 2500-3000 2000-2500 1500-2000 8 points 7 points 6 points 5 points 4 points 3 points 2 points 1 point Group project Teams will also collaborate on the preparation of a full strategic analysis. Each team will produce a joint presentation and paper reflecting a style acceptable to the entire team. Selection of a company o Your first task is to determine what company you will analyze. In selecting companies try to focus on companies that (1) are publicly traded and (2) operate in a few product markets / industries. The basic idea is to pick a company that would be interesting and faces major strategic decisions in the present or near future. You may wish to choose a firm that you are considering as a future employer. You may not use any of the companies discussed in detail in the text or assigned for individual case analyses. Once you choose a company to study, you are not allowed to change the company without prior approval from the instructor. Also, only one team will be allowed to examine a company. Therefore, if your team has a company you’d really like to study, let me know as soon as possible since we are operating in the time-honored tradition of “first come, first served.” 5 Full Paper o The minimum length is 20 (excluding the title page and references). Please use 12-point type font, double-spaced, with 1" margins on all sides. Appropriate references MUST be cited for all of your arguments and assertions. o You need to submit the report on Canvas website. Final in-class presentation o The group presentation will consist of a 15-minute presentation followed by a 3 minute Q & A session. Since you have limited time, carefully choose the most important information for your presentation. Be creative and try to engage your audience. o I expect all of you to be present at each group presentation and show common courtesy—you will lose participation points for missing presentation. Think of this as a presentation to your client. o The specific presentation date for each team is “first come, first served”. Each team member’s score will be deducted by 3 points for late submission. All of the guidelines and rubrics are attached at the end of the syllabus. Team member evaluation Since the purpose of the group project is to learn to work in a team environment, each member of the team will be given a chance to evaluate the relative contributions of all other members. The team evaluation is on a 5-likert scale. If your average score is below 3 or equals to 3, you will lose one full letter grade. This means that an “A” becomes “B” if your average team evaluation score is less than 3 or equals to 3. Individuals will be able to evaluate their team members along the following dimensions: Whether or not the member attended scheduled team meetings Whether or not the member responded to team communications in a timely manner 6 The amount of participation and contribution at team meetings as well as in class discussion Whether or not the member worked well with other team members The member’s overall contribution to the team Other Issues: I expect members of each group to meet regularly with one another to work on this project over the course of this semester. The best policy is to make sure each team member knows what his or her responsibilities are upfront so that there is no misunderstanding later. I expect all students to be present at every group presentation, use active listening skills and ask good questions. If there are any problems with a particular member, the group has the option of expelling the problematic individual from the group. Any individual expelled from a group must do an individual project following the same general guidelines as the group project. Any individual expelled from a group must choose a different company to do their individual project on, although it could be from the same industry. Team members should provide the deviant team member with the opportunity to improve his/her performance prior to expelling that team member. In other words, expulsion from the team SHOULD NOT be a surprise. This should include a written warning that is provided to the team member (an additional copy should be given to the instructor at the same time). Please notify the instructor immediately of any expulsion. University Academic Policy University Academic Honesty Policy Tutorial on Plagiarism According to the Americans with Disabilities Act (as amended, 2008), each student with a disability has the right to request services from UNH to accommodate his/her disability. If you are a student with a documented disability or believe you may have a disability that requires accommodations, please contact Student Accessibility Services (SAS) at 201 Smith Hall. Accommodation letters are created by SAS with the student. Please follow-up with your instructor as soon as possible to ensure timely implementation of the identified accommodations in the letter. Faculty have an obligation to respond once they receive official notice of accommodations from SAS, but are under no obligation to provide retroactive accommodations. 7 COURSE SCHEDULE Dates Aug.27 (Tue.) Aug. 29 (Thur.) Session 1 2 Topic Overview of the course Class preparation and team set-up (no need to come to class) Requirements Sep.3 (Tue.) Sep.5 (Thur.) Sep. 10 (Tue.) 3 Topic: Strategic management 4 5 Topic: Analyzing external environment Case discussion 1-- Kodak and the Sep. 12 (Thur.) Sep.17 (Tue.) 6 7 Sep. 19 (Thur.) Form the team Select the date and topic for case presentation (First come, first served) Purchase the textbook and case package Submit Quiz 1 before Sep.10 at 10:00am. I will present and lead the discussion Topic: Analyzing internal environment and Value chain analysis Case discussion 2 — Is one Ford Really Working? 8 Topic: Competitor analysis Submit Quiz 2 before Sep. 17 at 10:00am Team 1 will present the case Simulation registration, due at 10:00pm on Sep. 19 Sep.24 (Tue.) 9 Case discussion 3 - Airbus and Boeing: Superjumbo Decisions Submit Quiz 3 before Sep.24 at 10:00am Team 2 will present the case Sep. 26 (Thur.) Oct.1 (Tue.) 10 Topic: Business-level Strategy Simulation introduction Cases discussion 4 –Southwest Airline Simulation demonstration Submit Quiz 4 before Oct.1 at 10:00am Team 3 will present the case Submit Quiz 5 before Oct.8 at 10:00am Team 4 will present the case Digital Revolution 11 Oct.3 (Thur.) Oct. 8 (Tue.) Oct.10 (Thur.) Oct. 15 (Tue.) 13 14 Topic: corporate-level strategy Exam review Case discussion 5 – How Apple’s Corporate Strategy Drove High Growth Simulation practice round 1 Exam 1 Classes follow Monday schedule 12 8 Oct.17 (Thur.) 15 Oct. 22 (Tue.) 16 Topic: Merger & Acquisition, Strategic alliance Simulation practice round 2 NO CLASS Oct. 24 (Thur.) 17 Oct. 29 (Tue.) 18 Case discussion 6: Facebook and WhatsApp: Acquire or Ally? Topic: International strategy Case discussion 7 — Uber in China: Driving in the Gray Zone Simulation competition round 1 Oct. 31 (Thur.) 19 Topic: Corporate governance and strategic leadership Nov. 5 (Tue.) 20 Case discussion 8– Hewlett Packard Spying Scandal Simulation competition round 2 Nov. 7 (Thur.) Nov.12 (Tue.) 21 22 Nov. 14 (Thur.) Nov. 19 Nov. 21 Nov. 26 Nov. 28 Dec. 3 Dec. 5 23 24 25 26 27 28 Topic: innovation and business ethics Simulation competition round 3 Case discussion 9 —The rise and fall of Blackberry Simulation competition round 4 Exam 2 review and final group project Simulation competition round 5 & 6 Exam 2 Simulation competition round 7 & 8 Thanksgiving holiday Final group project presentation Final group project presentation 9 Simulation practice round 3 due at 12:00pm on Oct. 22 Simulation practice round 4 due at 11:59pmm on Oct. 23 Submit Quiz 6 before Oct. 24 at 10:00am Team 5 will present the case Submit Quiz 7 before Oct. 29 at 10:00am Team 6 will present the case Submit Quiz 8 before Nov. 4 at 11:59pm Team 7 will present the case Submit Quiz 9 before Nov. 12 at 10:00am Team 8 will present the case The group project write-up and business simulation report are due at 11:59pm on Dec. 5 Grading Rubric for Class participation Excellent Frequency Attends class regularly and always contributes and to the discussion by raising thoughtful Quality questions, analyzing relevant issues, building on others’ ideas, synthesizing across readings and discussions, expanding the class’ perspective, and appropriately challenging assumptions and perspectives Good Attends class regularly and sometimes contributes to the discussion in the aforementioned ways. 10 Needs Improvement Attends class regularly but rarely contributes to the discussion in the aforementioned ways. Poor Attends class regularly but never contributes to the discussion in the aforementioned ways. Group project paper Grading Rubric Excellent Authors directly cover and address all the main questions, and add insightful recommendation. The authors have retained nearly all of the knowledge presented in class. Authors are able to synthesize this knowledge in new ways and relate to material not covered in the course. Good Authors competently address main question or issue, but do not add much new insight into the subject. That said, it is clear that the author has learned a great deal in class and is able to communicate this knowledge to others. Argument Essay contains a clear argument—i.e., lets the reader know exactly what the author is trying to communicate. An argument is present, but reader must reconstruct it from the text. Evidence Provides compelling and accurate evidence that convinces reader to accept main argument. The importance of all pieces of evidence is clearly stated. There are no gaps in reasoning—i.e., the reader does not need to assume anything or do additional research to Provides necessary evidence to convince reader of most aspects of the main argument but not all. The importance of some evidence presented may not be totally clear. Reader must make a few mental leaps to fully accept all Overall Impression 11 Needs Improvement Authors attempt to address main question or issue, but fails. The authors have retained some information from the course, but does not fully understand its meaning or context and cannot clearly convey it to others. Authors attempt, but fail, to make an argument (e.g., starts with a rhetorical question/statement or anecdote that is never put into context). Not enough evidence is provided to support authors’ argument, or evidence is incomplete, incorrect, or oversimplified. Information from Poor Essay does NOT address main question or issue, and it is obvious that author has not retained any information from the course. No attempt is made to articulate an argument. Either no evidence is provided, or there are numerous factual mistakes, omissions or oversimplifications. There is little or no mention of information from lectures Citations accept main argument. aspects of main argument. All evidence is properly cited in footnotes or endnotes. All evidence is cited in footnotes or endnotes, but there are some minor problems with completeness or format of some citations. Organization Essay contains an intro, main body, and conclusion. Introduction lays out main argument and gives an outline of what the reader can expect in the essay. The conclusion brings everything together, acknowledges potential shortcomings of the paper, and gives the reader a sense of what further work might be done to advance the subject matter described in the paper. Essay contains an intro, main body, and conclusion. The introduction lays out the main argument but gives the reader little idea of what to expect in the essay. The conclusion nicely summarizes the main argument and evidence, but does not move beyond what has already been presented in the paper. 12 lectures and readings is not effectively used. Some pieces are unreferenced or inaccurately referenced, and there are problems with completeness and format of citations. Essay contains an intro, main body, and conclusion. The introduction gives the reader an idea of what to expect in the paper, but does not effectively lay out the main argument. It may begin with a set of rhetorical questions, or an anecdote that is never fully explained. The conclusion does little more than restate the problematic introduction. Intro and/or conclusion may be too wordy or short. and readings. No attempt is made to cite evidence. Essay has no clear organizational pattern. Clarity and Style All sentences are grammatically correct and clearly written. No words are misused or unnecessarily fancy. Technical terms, words from other languages, and words from other historical periods are always explained. All information is accurate and up-todate. Paper has been spell-checked AND proofread (ideally by you and somebody else), and contains no errors. All sentences are grammatically correct and clearly written. An occasional word is misused or unnecessarily fancy. Technical terms, words from other languages, and words from other historical periods are usually, but not always, explained. All information is accurate and up-todate. Paper has been spellchecked AND proofread, and contains no more than a few minor errors, which do not adversely affect the reader’s ability to understand the essay. 13 A few sentences are grammatically incorrect or not clearly written. Several words are misused. Technical terms, words from other languages, and words from other historical periods are rarely explained. Not all information is accurate and up-todate. Paper has been spell-checked AND proofread, but still contains several errors. Reader’s ability to understand essay may be compromised by these errors. Paper is full of grammatical errors and bad writing. Several words are misused. Technical terms, words from other languages, and words from other historical periods are rarely explained. Not all information is accurate and up-to-date. Paper has not been spell-checked or proofread, and contains numerous errors. Reader has a difficult time understanding essay because of errors. Presentation grading rubric Excellent Content of presentation Effective slides (e.g. coherent, logical progression, well organized, include main points not details). Slides clearly aid the speaker in telling a coherent story. Good For the most part, slides are helpful in telling the story with only a few important points missing. Presentation is coherent for the Communication- Presentation is coherent, with clear introduction, transitions, language use, and most part, but missing 1 or 2 clarity conclusion; speaker demonstrates intimate knowledge of the subject Communication- Presentation is polished, speaker uses sentences, enunciates well, is fluent in the Style delivery, maintains an effective pace and eye contact, doesn’t run over allotted time important elements Presentation is polished, for the most part, but missing 1 or 2 important elements within the allotted time. 14 Needs Improvement Poor Slides have included Slides interfere with the some important story points, but are not effective in aiding the speaker in telling a story. Presentation is only Presentation lacks coherence coherent for some parts Presentation is only polished for some parts. The speaker only covers some important parts within the allotted time Presentation is not polished and the speaker significantly runs out of time