Tel-Aviv University Faculty of Management The Leon Recanati School of Business Administration 3045-02-b-a Strategic Management - 1231.3045.05 Spring Semester 2002 Lecturer: Class schedule: Office: Office hours: Teaching Assistant: Telephone: Dr. Tamar Almor Mondays 8:15 – 9:30, room 408 Tel: 03-9634270 (you can leave a message if I am not in) E-mail: talmor@colman.ac.il; or tamalmor@netvision.net.il According to appointment Mr. Shlomo Tarba 052 436675 E-mail: tarba@agri.huji.ac.il or shlomo_tarba@yahoo.com Course objectives The objective of this advanced course is to extend your knowledge in strategic management. The course is based on the introductory "Principles of strategy" and will touch upon issues such as business strategies and models for firms operating in the "new economy" and knowledge-intensive firms. It will also discuss models for corporate strategies and global strategies. The course will further develop the relationship between strategic thinking and strategy implementation and will integrate knowledge gathered in other courses regarding functional strategies and management. The course will be based on case studies and recently published articles. Course structure The course is based on lectures, class discussions, reading material, preparation of case studies as well as a project. The course is based largely on in-class learning experiences, therefore it is recommended strongly to participate in class discussions and oral presentations. Reading material: 1. Grant, R.M. Contemporary Strategy Analysis. Blackwell, 1998. 2. Almor, T. and Hashai, N. FDI, International Trade and the Economics of Peace Making. Academic Studies Division, Rishon LeZion, 2000. 3. Besanko, D., Dranove, D. and Shanley, M. The Economics of Strategy. John Wiley and Sons, 1996. Requirements All students are required to hand in a term paper as well as two case-study analyses. In addition each group presents an analysis of one of the case studies in class. Your grade is established as follows: Final project - term paper (group) 40% Case study - two in total (individual grade) 20% each – 40 % total Case study presentation (group) 20% The case study questions should be answered individually. The term paper (final project) can be prepared by a group of three people at most. All written assignments may be handed in either in Hebrew or English. Class attendance and participation Students are expected to participate actively. This means that you have to attend at least 75% of all classes. In addition you must contribute significantly to in-class analysis of cases. Each student is expected to be an active participant and to make meaningful comments on cases being discussed. Merely attending class is not sufficient, attendance is not the same as participation. Bonus points will be rewarded to active, smart participants. Case study preparation You either hand in answers to the question(s) or a short one-page summary of the case study, make sure to hand in answers to two case studies. Answers to the case studies should be prepared individually. Written answers to case studies are due the week the case is discussed in class and should address the specific question(s) posed in the syllabus only. Analysis of financial and other data should be presented in appendices. The assignments should be based on analysis, not present summaries and ungrounded opinions of the author(s). All written analyses are to be typed and to follow correct form, spelling and grammar. The paper should include a cover page, the name of the author, the name of the case study, the date and the name of the instructor. The paper should not exceed 1500 words (not including appendices). Short, accurate papers are preferred. Papers can be written in English or in Hebrew. Term paper Each student (group) has to hand in a term paper at the end of the semester. You are requested to choose a topic for your term paper by the seventh meeting. Present the instructor with a short description of the project of your choice. Make sure that the instructor agrees with your topic before you start working. The paper has to be typed (double space) and should not exceed 8000 words. The term paper has to be handed in two weeks after the last class meeting. Students who cannot meet this deadline have to contact the instructor or the assistant prior to that date. Papers that are handed in late without prior consent will not be graded. The term paper should address one of the topics discussed during the semester while analyzing a business firm. 1. In-depth analysis of the basis for the firm’s SCAs and their sustainability over time 2. Analysis of growth strategies, either international or diversification strategies. 3. In-depth analysis of a firm’s competitive environment. Class Schedule Meeting No. 1 11.3.02 2 18.3.02 3 8.4.02 4 15.4.02 5 22.4.02 6 29.4.02 7 6.5.02 8 13.5.02 9 20.5.02 10 27.5.02 11 3.6.02 12 10.6.02 13 17.6.02 Topics Strategic management – formulation and implementation: British Airways (movie) Analysis of the competitive environment: the industry life cycle Strategies of cost leadership: Amazon.com (movie) Reading Grant ch. 7 Grant ch. 10 Grant ch. 8 Case study: WalMart Strategies of differentiation: Benetton (movie) Grant ch. 9 Case study: Cola Wars Building competitive advantages for knowledge – intensive firms Knowledge-intensive firms in Israel: empirical findings Case study: Tecnomatix Grant ch. 11 Almor Business models and the implementation of strategy: Grant ch. 13 Dell (movie) Strategies of growth: diversification Grant ch. 15, 16 Strategies of growth: internationalization Case study: Aladdin Grant ch. 14 Assignment questions WalMart Stores’ HBS 9-794-024 Discuss the drivers to Walmart’s competitive position. How does the company achieve cost leadership? How sustainable is the position? Cola Wars Continue: Coke Vs. Pepsi in the 1990s HBS 9-794-055 Explain why Coke and Pepsi are so profitable – use Porter’s 5 forces. Why should Coke and Pepsi buy their bottlers since bottling is less attractive than CP? Tecnomatix - A global entrepreneurial company - Almor, 1998 Analyze Tecnomatix’ current strategic situation. Tecnomatix is caught in a strategic paradox – describe and analyze. Aladdin Knowledge Systems (AKS) HBS N9-598-018, 1997 Analyze Aladdin’s current strategic situation. What growth strategy did Aladdin choose? Express your opinion regarding Aladdin’s future success based on its strategic decisions. Course assignments - Strategic Management Dr. Tamar Almor This form should be handed in before the fourth meeting. Hand in one form per group; keep a copy for your own records. Group members (name & student no.) 1. --------------------------------------------------------------------- 2. --------------------------------------------------------------------- 3. --------------------------------------------------------------------- Oral presentation (choose one and specify): Case study: ______________________________ Final project:______________________________ Describe the project you would like to work on: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sources of information: ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------