MB106 - Introduction to Strategic Management and Decision Making Winter 2021 General Course Information Instructor: Dr. Josephine McMurray Contact: email: jmcmurray@wlu.ca Teleconference: [request by email & I will send video link] Cell: 519 242 7477 [emergency only: response at my discretion] Office Hours Friday 13:00 – 14:00, or By Appointment [See zoom links provided on course MyLS website] Department Lazaridis School of Business and Economics Class Schedule: BR2: Tuesday & Thursday, 10:00 – 11:20 Class Location Zoom meeting accessed through the class MyLS site Pre-requisites: MB105 Course Description Introduction to Strategic Management and Decision-Making will explore the strategic role of the manager in the firm related to a deep understanding of organizational issues based on internal and external analysis. Content covered will include strategy fundamentals with a focus on areas such as management, leadership, and organizational controls. Students will be introduced to strategic thinking and decision making through case analysis, with a focus on higher level but comprehensive analysis from problem identification through to option generation and analysis. Course Learning Objectives 1. Understand foundational management concepts and frameworks (e.g. PEST, Porters five forces, and the Diamond E) that provide a foundation for senior business and technology courses. 2. Understand a basic business vocabulary and develop business communication, presentation and persuasion skills. 3. Use business concepts and frameworks to identify root causes and analyze problems using cases. 4. Understand the components of strategy and a manager’s role in decision-making to support a firm’s strategic plan. 5. Develop an understanding of critical analysis and through active class participation, formulate and communicate ideas and critiques. 6. Have a clear understanding of the academic, behavioural, and ethical standards expected of students studying business at Wilfrid Laurier University, which will prepare students for success in the workplace. Resources e-Text, Simulation, Online Learning System: (Required) Approx. $129.50 +HST Available from the Laurier bookstore only o o o Thompson, A.A., Peteraf, M.A., Gamble, J.E., Strickland, A.J. (2020). Crafting and Executing Strategy: The Quest for Competitive Advantage. Concepts and Cases. [22nd Edition]. McGraw Hill [print copies can be ordered on Connect for an extra $30] Connect Online Learning System GLO-BUS Management Simulation Microsoft Office 365 Laurier provides MS Office 365 to every student free of charge. Instructions on how to install, if you haven’t already, are located here: https://students.wlu.ca/services-and-spaces/tech-services/software/index.html Optional Textbook [do not purchase] Dyer, L. (2006). Critical thinking for business students. Captus Press. Portions of this text will be made available through MyLS. The Laurier Bookstore is price competitive and allows students to acquire ALL their required course materials for a single place and assists students in navigating through and troubleshooting their course material selections and formats. Course Evaluation & Deliverables Assessment Weight Learning Submission Procedures Outcomes Class-based Activities 10% (Individual & Group) Connect Pre-Class 5% Connect SmartBook Assignment (Individual) Connect Post-Class Chapter Quizzes (Individual) 5% Management Simulation (Group) 15% Case Debug (Group) Competition 5% (Individual) 5% Midterm (Individual) 25% Final Exam (Individual) 30% Total 100% 1,2,3,4,5,6 Submit to MyLS through the appropriate date Dropbox 1,2,3,4 MyLS>Content>Pre-Class SmartBook Assignments 1,2,3,4 MyLS> Post-Class Chapter Quizzes 1,2,3,4 Submission of business decisions, quizzes, questions & strategy 1,2,3,4,5 CaseDebug competition April 2-3 – quality of analysis & teamwork CaseDebug competition April 2-3 – quality of presentation & peer evaluation Remote respondus exam, written in class week 8 1,2,3,4,5 1,2,3,4,5 1,2,3,4,5 Remote respondus exam, written during the exam period. Class-Based Activities All students must either attend classes synchronously or review the videos posted after the class. This class is what is commonly referred to as a “flipped” classroom. What that means for students is that readings and other activities assigned as PRE-CLASS activities [readings and the Pre-Class Smartbook Quizzes] must be completed ahead of the class. In business, as in this class, you will be expected to actively engage with your colleagues and management. Accordingly, many classes will involve interactive classroom activities that may result in a group or individual deliverable that must be submitted electronically to the instructor shortly after the class. These deliverables are coordinated with your simulation and text readings. Please note that all deliverables MUST be converted and submitted using MS application formats [the University standard; e.g. .xls an .docx]. Files submitted in other formats will not be marked. Deliverable deadlines will be adjusted to accommodate those who are unable to attend the class in person. This information will be included at the end of each class slide deck, and also beside each Dropbox. Connect Pre- and Post-Class Quizzes These marks are automatically uploaded from the Connect On-Line learning system. Your lowest three scores in each will be dropped - there are no extensions or make ups for these activities. GLO-BUS Management Simulation During weeks 1-9, students will participate in a business simulation game that will be described in class. You will work in groups of THREE students that you may self-select. You will be asked to send your group members to the instructor by the end of the day on January 12th at 11pm. Anyone unassigned at that point will be assigned to a group by the instructor [who will try to accommodate students in similar time zones]. As a strategic decision maker for your assigned company, you are responsible for all aspects of the business success, including making decisions about: Marketing; Research & Development; Production; Finance, and; Operations. Your decisions about these areas of the business should be made in the context of this course – chosen wisely and based on the internal and external business environment. For the duration of the simulation, you will have one and sometimes two decisions to enter a week. If you make thoughtful and considered decisions in the simulation, your business should do well. If you miss decisions or ignore the internal or external business environment within the simulation, your business will falter. You will be graded on the performance of your business at the end of the simulation. The course is designed to supplement the work you complete in the simulation, with many of the class activities supporting your understanding of the decision-making and results. Case Debug Competition The Case Debug 24-hour competition will be held from Friday March 26th at noon and Saturday March 27th at 3pm [those in a time zone more than 10 hours ahead of EST will start the competition at 0800 on Friday and presentations will start at 0800 on Saturday]. This is outside of regular class hours and participation is mandatory so please review your calendars and ensure this 27-hour period is free. Students will be randomly assigned to teams prior to the Case Debug competition and will complete a number of in-class activities to allow them time to work together in-class ahead of the competition. Teams will receive their case at an assigned time via email and will deliberate online with their team. Deliberations and preparation of a slide presentation will occur over the next 24 hours– teams may use any resources online and may prepare a generic slide deck ahead of time to use in the case competition, BUT they may NOT receive any help from outside their group or speak to anyone outside their group about the case in that period of time. The team will analyze the case and prepare a 15-minute presentation in PowerPoint. Teams will present to a group of judges online, and then be questioned for 10 minutes about their solution. Teams must upload their file half an hour before their presentation time, and this file will be used WITHOUT CHANGES in their presentation to the judges [who will have received a copy of the deck] – no exceptions. Results will be announced following judges’ deliberations shortly after the last team presents. More details and an information booklet will be announced closer to the date. Midterm and Final Exam: The midterm and final will be written online using the Respondus LockDown Browser and Monitor. The midterm will consist of questions that cover any course content [including content covered in class] prior to the date of the midterm exam. The final exam will be cumulative and will evaluate students’ knowledge of content covered throughout the entirety of the course. Both exams will be paper based. The midterm and the final exam will relate to class content and will be a mix of theory and applied questions in multiple choice, and short answer format. Students will be expected to independently utilize class content (text, theory & skills-based exercises) to conduct a multi-page case analysis (prompt questions will be provided). Course Schedule Note: The following schedule may change week to week – students will be notified via MyLS News or group emails. ALL TIMES ARE EASTERN STANDARD TIME [EST] Week Date Topics Reading + Preparation + Deliverables [black = due before class, red = due in class or after] 1 Jan 12 Orientation & course preview; syllabus Discussion: What is Strategy & why is it important? Jan 14 Introduction to the course simulation Jan 19 Ch.2: Charting a Company’s Long-Term Direction – Vision, Mission, Objectives & Strategy Jan 21 Ch 3.: Evaluating a Company’s External Environment Debrief of Sim Practice Round Jan 26 Ch.4: Evaluating a Company’s Resources and Ability to Compete Successfully Jan 28 Ch 5: The Five Generic Competitive Strategy Options Debrief of Sim Round 1 Ch 6: Supplementing the Chosen Competitive Strategy Review the MyLS website Identify groups of 3 for Sim – send member names & emails by email to Dr. McMurray by 11pm Jan 12th [those not assigned by then will be placed in groups and will receive an email with their group and registration code on January 13th] Simulation Participant’s Guide Chapter 1 Connect On-line Quiz: Chapter 1 [Indiv] In Class: Sim Industry & long-term goals [Group] Available at 11:pm Sim (GLO-BUS) Quiz 1 on Participant’s Guide [Indiv] Chapter 2 Connect On-line Quiz: Chapter 2 [Indiv] MyLS Understanding Plagiarism Quiz [Indiv] Sim Company Objectives (Ch2) [Group] Due at 11:pm: Sim (GLO-BUS) Quiz 1 on Participant’s Guide [Indiv] Sim Practice Round Year 6 [Group] Chapter 3 Connect On-line Quiz: Chapter 3 [Indiv] Sim Company’s Industry (Ch3) [Group] Due at 11:pm: Sim Practice Round Year 7 [Group] [Sim reset Jan 22 at 11pm and open for Round 1] Chapter 4 Connect On-line Quiz: Chapter 4 [Indiv] Sim Company’s Performance (Ch4) [Group] Due at 11:pm: Sim Round 1 (Year 6) decisions [Group] Chapter 5 Connect On-line Quiz: Chapter 5 [Indiv] Sim Company Strategies (Ch5) [Group] Chapter 6 Connect On-line Quiz: Chapter 6 [Indiv] Sim Specific Company Strategies (Ch6) [Group] Due at 11:pm: Sim Round 2 (Year 7) decisions [Group] Chapter 7 Connect On-line Quiz: Chapter 7 [Indiv] Sim Global Strategies (Ch7) [Group] Available at 11:pm & due Feb 11 at 11:pm: Sim Quiz 2 on company operations [Indiv] Chapter 8 Connect On-line Quiz: Chapter 8 [Indiv] Due at 11:pm: Sim Round 3 (Year 8) decisions [Group] Sim Quiz 2 on company operations [Indiv] 2 3 4 5 Feb 2 Feb 4 Ch 7: Strategies for Competing Internationally and Globally Feb9 Ch 8: Diversification Strategies Week Date Topics Feb 11 Ch 9: Strategy, Ethics, and Social Responsibility 6 Feb 15-19 7 Feb 23 Feb 25 8 Mar 2 Mar 4 9 Mar 9 Mar 11 10 Mar 16 Mar 18 11 Mar 23 Mar 25 Mar 26 – Mar 27 12 Mar 30 Reading + Preparation + Deliverables [black = due before class, red = due in class or after] Chapter 9 Connect On-line Quiz: Chapter 9 [Indiv] Sim Ethics & Social Resp. (Ch9) [Group] Due at 11:pm Sim Three Year Strategic Plan [Group] Sim Round 4 (Year 9) decisions [Group] READING WEEK – No classes Ch10: Building an Organization Capable of Good Strategy Execution Chapter 10 Connect On-line Quiz: Chapter 10 [Indiv] Due at 11:pm: Sim Round 5 (Year 10) decisions [Group] Midterm Review & Respondus Lockdown Browser Overview **MIDTERM EXAMINATION** In-class, 70 minutes using Respondus Lockdown Browser Midterm Take-up Due at 11:pm: Sim Round 6 (Year 11) decisions [Group] Chapter 11 Ch 11: Managing Internal Operations: Connect On-line Quiz: Chapter 11 [Indiv] Actions that Promote Good Strategy Sim Operational Excellence (Ch11) [Group] Execution Due at 11:pm: Sim Round 7 (Year 12) decisions [Group] Ch 12: Corporate Culture and Chapter 12 Connect On-line Quiz: Chapter 12 [Indiv] Leadership—Keys to Good Strategy Due at 11:pm: Execution Sim Round 8 (Year 13-Final) decisions [Group] Peer Evaluations open Simulation Results & Debrief Read Guide to Case Analysis Case Analysis Introduction Review Case Analysis Videos in MyLS In Class: Sim Reflection [Indiv] Due at 11:pm: Sim Peer Evaluations Case Analysis & Critical Thinking Review Case Analysis Videos in MyLS Read Case: To be announced and posted on MyLS In Class: Case Analysis Prep Sheet Read the Diamond E Using the Diamond-E & other Case: Same case as Mar 18 Frameworks for Analysis In Class: Diamond E Analysis Case Analysis & Solutions Read Case: To be announced and posted on MyLS Complete Case analysis up to Options In Class: Options, Decision Criteria & Recommendation Case Debug Competition **outside of normal class hours** Teams are pre-selected – and will be sent the case via email consecutively on Friday March 26 between noon – 2pm. Deliberations occur over the next 23 hours. Teams prepare a 15 min presentation, followed by a 10 min question period from the judges. Presentations occur between noon – 2pm on Saturday March 27 in the same consecutive order that they receive the case. [More details on this event will follow – including start and end time adjustments for those in different times zones] No formal class in lieu of case competition Instructor office hours during class Week 13 Date Topics Reading + Preparation + Deliverables [black = due before class, red = due in class or after] Apr 1 Instructor office hours during class No formal class in lieu of case competition April 6 Final Exam Preparation Review all material from text & case analysis April 8 Final Exam Preparation Review all material from text & case analysis Apr 16May 5 FINAL EXAMS – Schedule TBD [Final exam is 90 mins] Course Pass Requirement: Students demonstrate that he/she can describe and apply concepts and theories without the assistance of peers or instructors. To demonstrate this ability, the student must pass either the midterm or the final exam. Failing both the midterm and final exam will result in an automatic failure in the course. Academic Misconduct: Please note that students involved in academic dishonesty may receive a zero grade on the course and notation of academic dishonesty on their transcripts. In this course, academic dishonesty includes copying or use of unauthorized aids in all written work; plagiarism; submission of work generated for another course without prior clearance by the instructor of this course or aiding and abetting another student's dishonesty. Wilfrid Laurier uses software that can check for plagiarism (see Turnitin below). You will be Course Policies & Procedures required to submit your work in electronic format, and have it checked for plagiarism. If I suspect that you have engaged in academic misconduct I am obliged to follow the Academic Misconduct Investigation and Adjudication Process outlined in the Student Code of Conduct: https://www.wlu.ca/about/governance/assets/resources/12.2-student-code-of-conduct.html. Late Submission Policy: Late submissions are NOT ACCEPTED. Deadlines are deadlines. You will face deadlines throughout university and your career. Few good opportunities have extensions, and missing a deadline often results in loss i.e. applications to graduate schedule have deadlines and are final, missed deadlines set by your boss will result in lost bonuses or firing. If you have conflicts with other course deliverables or a personal emergency you MUST get in touch with the instructor IN ADVANCE OF THE DEADLINE to discuss your options, otherwise a mark of zero will be assigned. Note: Create alerts for all MB106 deadlines in your calendar. Electronic Video or Audio Recording in Class: Electronic recording of classes is expressly forbidden without consent of the instructor. When recordings are permitted, they are solely for the use of the authorized student and may not be reproduced, or transmitted to others, without the express written consent of the instructor. Videorecordings of classes will be provided to students in the Winter 2021 semester and posted on MyLS. Turnitin.com In this course, your instructor will be using Turnitin, integrated with the MyLearningSpace Dropbox tool, to detect possible plagiarism, unauthorized collaboration, or copying as part of the ongoing efforts to maintain academic integrity at Laurier. All submitted assignments will be included as source documents in the Turnitin.com reference database solely for the purpose of detecting plagiarism of such papers. Use of the Turnitin.com service is subject to the Usage Policy posted on the Turnitin.com site. A major benefit of using Turnitin is that students will be able to educate and empower themselves in preventing academic misconduct. In this course, you may screen your own assignments through Turnitin as many times as you wish before the due date. You will be able to see and print reports that show you exactly where you have properly and improperly referenced the outside sources and materials in your assignment. Missed Exam Policies A makeup exam opportunity will be made for those unable to write the mid-term for a bona fide reason. This must occur within 24 hours of the actual mid-term. No reassignment of the marks to other course deliverables is permitted. It is the policy of the School of Business & Economics that course instructors cannot make alternate arrangements with students for missed final exams. If you miss the final exam for any reason, including weather, health issues, or a death in the family, you will be required to submit a petition to the SBE Petitions Committee asking to write the exam at a later date. If your petition is successful, the exam will be written during the deferred exam period. If you know in advance that you have a scheduling conflict with an exam that is not addressed above (i.e. a conflict caused by other exams) you have the option to submit a petition for a deferred exam date. There are few situations in which the petitions committee will approve a deferral, and vacation is not one of them. Any petitions must be submitted in person to the Laurier Brantford Academic Advising Office. Petition forms can be found on the School of Business & Economics website. For complete university policy and procedure information regarding final examinations please see the Undergraduate Academic Calendar. Ethical Standards of Behaviour Students will be expected to follow the Code of Conduct for the School of Business & Economics: a. Respect i.Treat others in the same manner as you would want to be treated ii.Do not demean other students (through put-downs or ridicule, etc.) in or out of the classroom iii.Avoid derogatory comments regarding other students or instructors (T.A.s or professors) iv.Respect differing points of view v.Do your fair share of group work – work should be equally distributed between all group members vi.Respect that other students are here to learn – do not disrupt the class vii.Turn off cell phones and pagers when you go into class b. Professionalism i.Behave as you would in a business setting with your colleagues and/or superiors ii.Don’t read or play computer games in class – be there in mind as well as body iii.Do not talk in class when others are talking iv.Remember when you are off campus that your behaviour reflects on the c. Lazaridis School – you are ambassadors to the school, and as such these same principles apply off-campus as well Integrity i.Avoid any acts which would result in gaining an unfair advantage (as outlined under Academic Privileges and Responsibilities – Academic and Research Misconduct in the Regulations section of the University Undergraduate Calendar). This includes, but is not restricted to: Do not plagiarize – do not use the unacknowledged work of others as your own (in whole or part, in written or oral form, on assignments or test, etc.) – all work of others must be acknowledged as such Do not collaborate on an assignment when you have been asked for individual work Do not cheat – do not use, give, sell, receive, or attempt to do so, any unauthorized information before or during a test or when doing an assignment, do not copy or allow someone else to copy, and don’t smuggle notes into a test Do not ‘share’ clickers – i.e. Do not bring another student’s clicker to lectures or labs and use it for them, or have someone else use your clicker on your behalf Quality of Cited Sources For all assignments you are expected to cite peer-reviewed academic journals or materials from credible sources i.e., Government of Canada, the Economist, OECD etc. Company websites such as IBM or those companies that we are studying [including white papers] are appropriate and represent a legitimate source. Please speak to a librarian or your professor if you cannot find the information you need. Wikipedia is NOT a legitimate site for citing in assignments. Use it liberally to get a handle on an issue covered in class, but then find original sources to cite in your reports or presentations. **Any student finding this message is eligible for 1 bonus mark. Please do not tell other students you found this just show me you found it and email me a screen capture of this message** Students with Disabilities Students with disabilities or special needs are advised to contact Laurier’s Special Needs Office for information regarding its services and resources. If you require academic accommodations to lessen the impact of your disability, please visit the Special Needs Office at the beginning of each academic term. Resources The Wellness Centre Students have access to support for all their health and counselling needs at the Wellness Centre. Located in the Student Centre floor 2. Hours: 8:30am to 4:30pm Mon-Fri. Phone: 519.756.8228 x 5803 Gendered and Sexual Violence There are a number of supports available at Laurier Brantford for individuals who have experienced or witnessed an act of sexual violence including: Sarah Scanlon, Sexual Violence Support Advocate, WLU E: sscanlon@wlu.ca | T: 519-884-0710 x4847 Hayley Moody, Advocate & Counsellor, Sexual Assault Centre of Brant Support person specifically for Laurier Brantford students (drop-in hours at the DEO Hub in St. Andrews) E: Hayley@sacbrant.ca | T: 519-751-1164 x209 See the following Laurier website for more information: https://students.wlu.ca/wellness-andrecreation/gendered-violence-prevention-and-support/index.html. The Sexual Assault Centre of Brant (www.sacbrant.ca) offers a 24-hour phone line for survivors of sexual violence, as well as friends and family members. Free counselling is available in a supportive, safe environment, as well as accompaniment and support through hospital, police, and court procedures. Crisis & Support Line: Call 519-751-3471 Other: