SMU Classification: Restricted The Lee Kong Chian School of Business Academic Year 2024/25 Term 2 MGMT102 Instructor Name Title Tel Email Office STRATEGY : Jiyeon Kang : Assistant Professor of Strategy and Entrepreneurship : +65 6828 0751 : jiyeonkang@smu.edu.sg : LKCSB #5022 COURSE DESCRIPTION This course introduces students to the theoretical concepts and analytical tools required for formulating and implementing appropriate strategies that affect the enduring success of the entire organization. Topics covered include external and internal environmental analyses, business-level strategies, corporate-level strategies, competitive dynamics, and special topics such as global strategy. This course emphasizes the application of theory to the real world strategic issues. Students are encouraged to synthesize knowledge from other business courses into a comprehensive understanding of competitive advantage. LEARNING OBJECTIVES By the end of this course, students will be able to: • Demonstrate a comprehensive understanding of firms’ competitive advantage • Apply analytical techniques for diagnosing strategy formulation, including industry structure, resources, and business/corporate strategies • Apply analytical techniques for diagnosing strategy implementation, including corporate governance, structure, and strategic leadership • Identify strategic issues and design appropriate courses of action with relevant knowledge on ethics, social responsibility and sustainability PRE-REQUISITE/ CO-REQUISITE/ MUTUALLY EXCLUSIVE COURSE(S) Please refer to the Course Catalogue on OASIS for the most updated list of pre-requisites / co-requisites for this particular course. Do note that if this course has a co-requisite, it means that the course has to be taken together with another course. Dropping one course during BOSS bidding would result in both courses being dropped at the same time. ASSESSMENT METHODS Class Participation (individual): Assignment (individual): Weekly Quiz (individual): Term Project (group): Final Exam (individual) 20% 15% 5% 25% 35% INSTRUCTIONAL METHODS AND EXPECTATIONS Individual vs. Team Activities: Both individual and team activities will determine your grade in this course. Whereas Class Participation, Discussion Notes, and Final Exam are individually graded, the Term Project is a team activity. All members in a team are accountable for the team assignment. At the end of the term, each member may evaluate the overall contributions of other members in his/her team (relative to your own contribution). All members in a team will receive the same grade for team activities. However, your individual grade for all team activities may be adjusted downward if a majority of your team members evaluate your contribution unfavorably. Discussion Questions for the Cases: To be posted on eLearn throughout the term. 1 SMU Classification: Restricted Class Participation (20%) This is primarily a case course, which means that most class sessions will involve the discussion of specific case situations. These cases will describe real organizations. Through analysis and discussion in class, you will learn to better understand the nature of strategy and the processes of formulating and implementing it. Lectures and assigned readings will provide the theoretical framework with which to read and evaluate the cases. You may be called (at random) at any time during class to contribute to or critique the on-going discussion. Therefore, you will be expected to come to class well prepared to discuss and ask questions about all assigned chapters and all cases. We will not spend any significant amount of class time repeating what was contained in the cases. You should be prepared to discuss all assigned readings. ▪ ▪ ▪ Come to class well prepared. Read the case several times and think about how the concepts from the chapter or discussed in class can be applied. Make notes that you can refer to during class. Contribute ideas and analysis to the class discussion. Given the complexities of the real world, there is no single right answer. What is more important is how you use strategic concepts and tools to analyze a situation. Listen carefully to your classmates and suggest supporting or alternative views. Your class participation grade is determined based on the quality of your contributions and the quantity of your contributions. Not participating in class discussions will affect your final grade significantly, even if you attend all class sessions. Therefore, not speaking up during class will be a deliberate choice that you make, being fully aware of its effect on your final grade. Without participating you will not be able to get a pass grade on the participation component. Understandably there are circumstances that may cause you to miss a class; unfortunately, nothing can replace in-class participation. Submitting your ideas to the critique of your classmates and the challenge of defending them in an open forum cannot be duplicated. Therefore, it is extremely important that you attend all class sessions. Each absence, for whatever reason, will reduce your class participation grade. Similarly, inappropriate and disturbing behavior in the class room such as arriving late or distracting other students will negatively affect your participation grade. Regarding these logistics, make sure to read the section “attending class” below. Individual Assignment (15%) Each student is required to submit an individual assignment. Details regarding the content and deadline of the individual assignment will be announced during class. Weekly Individual Quiz (5%) A short quiz will be administered promptly at the start of every class. If you are late to the class you will not be allowed to take the quiz. Term Project (25%) The instructor will form groups during the term capturing the diversity of the class. All groups in all sections of this course - regardless of who the instructor is - will be formed by the instructor and not by students themselves. This is the policy of the entire Strategy course and not the instructor’s individual policy. I will communicate the actual size of the groups during the term as it depends on the number of students. As a team, you will choose a firm, analyze the firm’s current opportunities and threats as well as strengths and weaknesses, and provide strategic recommendations to improve its performance. In other words, you will work as mock-management consultants. Specifically, you will be required to select a firm as a team by the end of the recess week with brief justifications for your choice, submit the final report in Week 12, and present your work during Weeks 12 and 13. Written report: Each team should submit one term report. The term project report should be type written, 1.5 line-spaced, using 12-point size font, and should not exceed 20 pages (excluding appendices, references, and endnotes). The cover page should provide the complete name of the team members, student ID number, and course code. The report should contain the list of references and exhibits (tables and charts). The deadline for the written report is due in Week 12. Additional information on the term project will be provided in class. Presentation: Each team is required to present their analysis to the class. Each presentation should not exceed 15 minutes. Immediately after finishing its presentation, each team will host a Q&A session of 5-10 minutes. Teams should prepare for their presentations as though they will be addressing their respective company’s Board of 2 SMU Classification: Restricted Directors. Also, note that interesting presentations offer a judicious mix of anecdotes and analysis. Therefore, do not try to cram every single detail from your written report into your presentation. - Dress code: casual - Submit your presentation slides on eLearn 24 hours before class starts. Final Exam (35%) The 2-hour final exam will cover the entire contents of this course. It may take a case analysis and/or a combination of short-answer, multiple choice, and essay questions. No make-up exams will be administered. If you miss the final exam, no grade will be given. Attending Class There are a number of important rules related to attending your classes. Make sure you are aware of these rules: (1) You always have to attend the section you have signed up for. Nowadays classes are pretty much at full capacity and different teaching assistants will take care of different sections. In order to avoid administrative confusion and getting classes that exceed capacity it is important we stick to the outcome of the boss bidding process. So regardless of the reason you cannot attend any other sections than the one you have signed up for. However, if you miss a class make sure you read the material carefully. And if you have any clarification questions or if you want me to take you through the case you missed by not attending class I am more than happy to do so during my office hours. (2) Missing a class for whatever reason (sickness, job interviews, etc.) will automatically mean you cannot make any contributions that week towards your participation grade which will have an impact on your final participation grade. This also implies you do not need to apologize, justify your absence, or send me a medical certificate as this will not change the outcome of being absent. However, you can compensate for the loss resulting from your absence in class by participating more actively and by making better contributions in the other classes you are attending. (3) Class will start exactly at the specified time. Being late disturbs class and your fellow students, therefore, I will heavily penalize students who show up late in class as a part of their participation grade (even if you are only a few minutes late). As a result, not being punctual can considerably impact your participation and overall grade. (4) Any behaviour that is disrespectful of the rest of the class or disturbing (e.g., talking, using your laptops in inappropriate ways, etc.) will be taken into account in your participation grade even if I do not confront you with your disrespectful or disturbing behaviour during class. 3 SMU Classification: Restricted CONSULTATIONS AND TEACHING ASSISTANTS If you have any queries on the subject, you can contact your respective TA through email. The TAs for this course are: ▪ TBA Alternatively you can visit me during my office hours after class: ▪ TBA RECOMMENDED TEXT AND READINGS Required material and Course Packet: • Strategic Management, International Edition, 6th Edition. Written by Frank T. Rothaermel. • Course packet containing cases should also be purchased individually online from Harvard Business School Press. Note that it is compulsory to purchase the course packet if you enroll in the course because reading the case for each session before class is essential for participating in class discussion. Not purchasing the course packet will significantly influence your class participation component grade. Additional readings for those with a further interest in Strategy after the course (not mandatory): • Suggestions for academic research papers on various topics can also be obtained on request at the end of the courser. UNIVERSITY POLICIES Academic Integrity All acts of academic dishonesty (including, but not limited to, plagiarism, cheating, fabrication, facilitation of acts of academic dishonesty by others, unauthorized possession of exam questions, or tampering with the academic work of other students) are serious offences. All work (whether oral or written) submitted for purposes of assessment must be the student’s own work. Penalties for violation of the policy range from zero marks for the component assessment to expulsion, depending on the nature of the offense. When in doubt, students should consult the instructors of the course. Details on the SMU Code of Academic Integrity may be accessed at https://smu.sharepoint.com/sites/oasis/SitePages/DOS-WKLSWC/UCSC.aspx. Copyright Notice Please note that all course materials are meant for personal use only, namely, for the purposes of teaching, studying and research. You are strictly not permitted to make copies of or print additional copies or distribute such copies of the course materials or any parts thereof, for commercial gain or exchange. For the full copyright notice, please visit https://researchguides.smu.edu.sg/copyright. Accessibility SMU strives to make learning experiences accessible for all. If you anticipate or experience physical or academic barriers due to disability, please let me know immediately. You are also welcome to contact the university's student accessibility support team if you have questions or concerns about academic provisions: accessibility@smu.edu.sg. Please be aware that the accessible tables in our seminar room should remain available for students who require them. Digital Readiness for Teaching and Learning (DRTL) As part of emergency preparedness, instructors may conduct lessons online via the Zoom platform during the term, to prepare students for online learning. During an actual emergency, students will be notified to access the Zoom platform for their online lessons. The class schedule will mirror the current face-to-face class timetable unless otherwise stated. 4 SMU Classification: Restricted WEEKLY LESSON PLANS (Tentative)* Note that classes do not necessarily correspond to the weeks of the term. For various reasons such as public holidays a class might not correspond with the numbering of the weeks in the term. Please check the course page on eLearn for the latest information. The roster below gives you a general overview of the course structure but the final roster has to be confirmed: Week Class Topic 1 1 Introduction: What is strategy 2 2 3 3 4 4 5 5 6 6 7 7 8 Textbook readings Ch 1 Case (tentative) External Analysis: Industry structure, Competitive Forces, and Strategic Groups Internal Analysis: Resources, Capabilities, and Core Competencies Competitive Advantage, Firm Performance, and Business Models Business Strategy: Differentiation, Cost Leadership, and Integration Corporate strategy: Vertical Integration and Diversification Corporate strategy: Mergers and Acquisitions, Strategic Alliances Recess week Ch 3.2, 3.5 Case 1: Coke and Pepsi Case 2: Nike Ch 4 Ch 5 Ch 6 Case 3: Dollar Shave Club Case 4: Ryanair Ch 8 Case 5: Amazon Ch 9 Case 6: Disney 9 8 Sustainability Ch 10 Case 7. Haier 10 9 Global strategy Ch 12 Case 8. NCIS 11 10 Corporate Governance & Business Ethics Ch 2 – 12 11 Group presentations – – 13 12 Group presentations / Course conclusion – – 14 Reading week 15 Final exam *Please note that the information above describes the content and the structure of the course in detail. However, I remain the right to make changes at any time to improve students’ learning experience. I will communicate any such changes either verbally in class, through eLearn and/or through the students’ official SMU email account. 5