COMM 1B03 - F2015 - 1 of 10 Commerce 1B03 Business Environment and Organization Fall 2015 Course Outline Strategic Management Area DeGroote School of Business McMaster University COURSE OBJECTIVE This course will examine the relationship between business organizations, their functional areas, and the environments - social, political, legal and regulatory, and technological - that affect them. Prerequisite: Registration in Level 1 or above in any Humanities, Social Sciences, Health Sciences, or Sciences program. Antirequisite: COMMERCE 1E03. This course is not open to students registered in a Commerce, Business, or Engineering program. INSTRUCTOR AND CONTACT INFORMATION Rita Cossa cossar@mcmaster.ca Office: DSB #223 Office Hour: Thurs. at 11:30 a.m. and by appointment (905) 525-9140 x26197 Section 1: Mon. 1:30 p.m. Wed. 1:30 p.m. Thurs. 1:30 p.m. Location: TSH B105 http://avenue.mcmaster.ca Course Website: COURSE ELEMENTS Credit Value: Avenue: Participation: Evidence-based: 3 Yes Yes Yes Leadership: Ethics: Innovation: Experiential: Yes Yes No Yes IT skills: Numeracy: Group work: Final Exam: Yes No Yes Yes Global view: Written skills: Oral skills: Guest Speakers: Yes Yes Yes Yes COURSE DESCRIPTION All organizations must continuously scan the business environment and understand what is happening from an economic, social, legal, competitive, technological, and global perspective. Identified trends will create opportunities and threats that must be addressed in order for organizations to prosper. Your Instructor will discuss each of these environments in order that you may understand their relevance to Canadian business. In addition, you will be introduced to the importance of four functional areas of business. They are Human Resource Management, Marketing Management, Financial Management, and Operations Management. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 2 of 10 LEARNING OUTCOMES By the end of the term, you should be able to complete the following key tasks: Understand the principles, techniques, and terms used by business practitioners; Apply the ethical principles and practises in marketing research; Write a group Report that will effectively integrate your research and analysis; and Develop your time management, organization, communication, and research skills while working in a team. REQUIRED COURSE MATERIALS AND READINGS For best academic results, purchase the following items in the Campus Store (GH #B101). Older editions are discouraged. Item 1: COMMERCE 1B03 (Fall 2015) Custom Courseware ($9.00 + tax) Item 2: buy one of the following of Understanding Canadian Business, 8th Canadian ed. by William G. Nickels et al.: (i) access to Connect, a Web-based learning solution that includes the eBook and an assessment program ($99 + tax) or (ii) a package that includes the textbook and access to Connect ($163.95 + tax) EVALUATION Your final grade calculation will be based on the components and weights noted below. Your overall group mark may be impacted by submitted Confidential Peer Evaluations. (Details to follow in this Course Outline.) Extra assignments at the end of the term are not an option. Components and Weights Midterm #1 Thursday, October 8 at 1:30 p.m. in class 25% Midterm #2 Thursday, November 12 at 1:30 p.m. in class 25% Final Exam (Non-Cumulative) Scheduled by the Office of the Registrar 20% Connect Questions 12 Chapters throughout the Term 12% Resume and SelfReflection Mon., Nov. 9 by 6:00 p.m. in Dropbox 3% Team Contract Thurs., Sept.24 by 1:30 p.m. in class 0%¹ Company Overview Mon., Oct. 26 by 1:30 p.m. in class 5%² Report Mon., Nov. 23 by 1:30 p.m. in class 10%² Total 100% ¹A 2% late penalty will apply if this assignment is late up until the first twenty-four hours following the deadline. ²A 2% late penalty will apply if this assignment is late up until the first twenty-four hours following the deadline. After this, the mark is zero. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 3 of 10 Conversion At the end of the course your overall percentage grade will be converted to your letter grade in accordance with the following conversion scheme. LETTER GRADE A+ A AB+ B B- PERCENT 90 – 100 85 - 89 80 - 84 77 - 79 73 - 76 70 - 72 LETTER GRADE C+ C CD+ D D- PERCENT 67 - 69 63 - 66 60 - 62 57 - 59 53 - 56 50 - 52 LETTER GRADE F PERCENT 0 - 49 Communication and Feedback Students who are uncomfortable in directly approaching the Instructor regarding a course concern may send a confidential e-mail to the Area Chair, Dr. Nick Bontis (nbontis@mcmaster.ca) or the Associate Dean (adbusac@mcmaster.ca). If you wish to correspond with your Instructor via e-mail, you must send messages that originate from your official McMaster University e-mail account. This protects the confidentiality and sensitivity of information as well as confirms the identity of the student. Your Instructor will conduct an informal course review with students by Week #4 to allow time for modifications in curriculum delivery. Your Instructor will provide evaluation feedback for at least 10% of the final grade to students prior to Week #8 in the term. Students who wish to have a course component re-evaluated must complete the form that can be accessed at http://www.mcmaster.ca/policy/Students-AcademicStudies/Form_A.pdf. In order for the component to be reread, the following steps will be followed: The component must be worth 10% or more of the final grade in the course. Students must pay a fee of $50 in Gilmour Hall, Room 209. The receipt is then brought to the Student Experience - Academic Office (formerly the Academic Programs Office [APO]) in DSB 104. The Area Chair will seek out an independent adjudicator to re-grade the component. An adjustment to the grade for the component will be made if a grade change of three points or greater on the 12 point scale (equivalent to 10 marks out of 100) has been suggested by the adjudicator that is assigned by the Area Chair. If a grade change is made, the student fee will be refunded. INDIVIDUAL WORK Review the Course Schedule and complete the assigned work before class. You are responsible for all of the assigned work even if it is not covered in class. Bring the relevant lecture notes to class as the content will be covered quickly to allow more time for discussion. You are encouraged to participate in class discussions and to raise your hand if clarification or repetition is required. Common courtesy is expected throughout the term. Arrive on time. Stay focused on the course content. Do not be distracted by your devices (e.g., computers). Cell phones need to be put away before the start of class. Lectures are not to be recorded at any time. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 4 of 10 Exams (70%) Each in-class midterm is 45-minutes in length. The non-cumulative final exam is two hours in length. Exams consist of equally-weighted multiple-choice questions. You are responsible for all course content which includes lectures and videos. Sample questions will be covered throughout the course. Details will be communicated prior to each exam. Your student card must be brought to each exam and presented before entering the room. No student card, no entry. Coats, vests, hats, pullovers, pencil cases, and bags must be deposited in the room before you are seated by the invigilator. Keep your electronic devices (e.g., calculators, computers, and cell phones) at home as they should not be at your seat. No food or drinks are permitted at your seat. When you walk down the aisle, you should only carry a few pencils, an eraser, your student card, and your wallet. Keep in mind that McMaster University is not responsible for any items that go missing in the exam room. Connect Question (12%) Prepare for each chapter by correctly answering all of the Connect questions for that chapter - starting with Chapter 4 and ending with Chapter 10 - by 6:00 p.m. the night before each chapter is to be discussed in class. Research supports that this preparation contributes to a stronger academic performance so it is worthwhile to take this opportunity seriously. If you meet these conditions, you will earn 1% per chapter. Partial marks are also possible. Review the Course Schedule for deadlines. Resume (3%) A resume is often required when applying for a job. You need to follow the recommended guidelines, as highlighted by the Student Success Centre, when creating this document. To earn full marks, you need to submit your resume to Dropbox by the deadline (worth 2%) and include a self-reflection of your resume (worth 1%). Details will follow in class. Late submissions will not be accepted. GROUP WORK Assignment requirements and exercises are included in the Courseware. In-class exercises will reinforce group submission expectations. You are encouraged to bring this Courseware to your group meetings and any relevant classes as per the Course Schedule. You will form your own group of five or six students in class. Be prepared for your Instructor to assign any remaining students to a group. Once your group is formed, begin to work on your Team Contract. Take this document seriously as it will set out the group’s expectations throughout the term. You are expected to contribute consistently and equally to group work throughout the term. With this in mind, your Instructor requires the submission of the following Courseware-tools to support group-work participation. Confidential Peer Evaluation Your group work-based mark may be adjusted as a result of the completed Confidential Peer Evaluations that are submitted by the deadline. Using this tool, you can express your impartial opinion about each group member’s contribution (including your own) over the term. Support your fees with the Group Log. Over the term, you should also consult periodically with your Team Contract to ensure that all group members are fulfilling the group’s expectations. While its completion is voluntary, you are strongly encouraged to submit an Evaluation. If you do not submit this completed form, then you have no voice when your Instructor converts group marks into individual marks. To be clear, individual marks are based only on submitted Evaluations. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 5 of 10 Group Log Fill in each group members’ names and make copies of this page. You need to complete this page at the end of each meeting. This tool should support the fees that you allocate to yourself and to your group members via the Confidential Peer Evaluation. As well, it will keep you informed of the progress and contribution of each member over the term. Students that falsify information may be charged with academic dishonesty. Only one hand-written and complete copy of the whole term’s Group Log – with a stapled Title Page – is to be submitted by the deadline. Remember to review the Group Log before completing the Confidential Peer Evaluation. If you do not submit a Group Log, everyone in the group will automatically receive full marks. Referencing In addition to the assignment guidelines, the Citation Guide (Fall 2015) summarizes how to format submissions. Based on the Chicago Manual of Style, 16th Edition, you are required to use this Guide alone. The use of an alternate citation style (e.g., MLA or APA) will result in a zero grade for the assignment. ACADEMIC DISHONESTY You are expected to exhibit honesty and use ethical behaviour in all aspects of the learning process. Academic credentials you earn are rooted in principles of honesty and academic integrity. Academic dishonesty is to knowingly act or fail to act in a way that results or could result in unearned academic credit or advantage. This behaviour can result in serious consequences (e.g., the grade of zero on an assignment and loss of credit with a notation on your transcript where the notation reads “Grade of F assigned for academic dishonesty”), and/or suspension or expulsion from the University. It is your responsibility to understand what constitutes academic dishonesty. For information on the various types of academic dishonesty, please refer to the Academic Integrity Policy located at the following URL: www.mcmaster.ca/academicintegrity. As a starting point, three forms of academic dishonesty include: 1. Plagiarism (e.g., submitting work that is not you own or for which other credit has been 2. Improper collaboration in group work; and 3. Copying or using unauthorized aids in tests and examinations. obtained); In this course a Web-based service called Turnitin.com will be used to reveal plagiarism. Students will be expected to submit their work electronically to Turnitin.com and in hard copy so that it can be checked for academic dishonesty. Students who do not wish to submit their work to Turnitin.com must still submit a copy to the Instructor. No penalty will be assigned to a student who does not submit work to Turnitin.com. All submitted work is subject to normal verification that standards of academic integrity have been upheld (e.g., on-line searches). To see the Turnitin.com Policy, go to www.mcmaster.ca/academicintegrity. REQUESTING RELIEF FOR MISSED ACADEMIC WORK 1. Students may request relief from a regularly scheduled midterm, test, assignment or other course component in the following ways: a) b) c) for absences from classes lasting up to three (3) days; or for absences from classes lasting more than three (3) days; or for conflicts arising from Student Experience - Academic Office approved events. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 6 of 10 a) For Absences from Classes Lasting Up to Three (3) Days Students must use the McMaster Student Absence Form (MSAF). This is an on-line, self-reporting tool for which submission of medical or other types of supporting documentation is normally not required. Students may use this tool to submit a maximum of one (1) request for relief of missed academic work per term as long as the weighting of the component is worth less than 25% of the course weight. Students must follow up with their course Instructors regarding the nature of the relief within two days of submitting the form. Failure to do so may negate the opportunity for relief. It is the prerogative of the Instructor of the course to determine the appropriate relief for missed term work in his/her course. Details are described below. If the value of the component is worth 25% or more, students must report to their Faculty Office (e.g., the Student Experience – Academic Office for Commerce students or the Associate Dean's Office for other faculties) to discuss their situation and will be required to provide appropriate supporting documentation. Please visit the following page for more information about the MSAF: http://academiccalendars.romcmaster.ca/content.php?catoid=13&navoid=2208#Requests_for_Relief_for_Miss ed_Academic_Term_Work. b) For Absences from Classes Lasting More than Three (3) Days Students cannot use the MSAF. They MUST report to their Faculty Office to discuss the situation and will be required to provide appropriate supporting documentation. Students who wish to submit more than one request for relief of missed academic work per term cannot use the MSAF. They must report to their Faculty Office and discuss their situation with an academic advisor. They will be required to provide supporting documentation and possibly meet with the Manager, Student Experience – Academic Office for Commerce students or the Associate Dean's Office for other faculties. c) For Conflicts Arising from Faculty Office Approved Events Students unable to write a midterm at the posted exam time due to the following reasons: religious; workrelated (for part-time students only); representing the University at an academic or varsity athletic event; conflicts between two overlapping scheduled midterm exams; or other extenuating circumstances, have the option of applying for special exam arrangements. See the DeGroote Missed Course Work Policy for a list of conflicts that qualify for academic accommodation: http://ug.degroote.mcmaster.ca/forms-and-resources/missed-course-work-policy/. Such requests must be made to the appropriate Faculty Office at least ten (10) working days before the scheduled exam along with acceptable documentation. Non-Commerce students must submit their documentation to their own Faculty Office and then alert the Student Experience – Academic Office of their interest in an alternate sitting of the midterm. Adjudication of all requests must be handled by the Student Experience – Academic Office. Instructors cannot allow students to unofficially write make-up exams/tests. The MSAF cannot be used during any final examination period. If a midterm exam is missed without a valid reason, students will receive a grade of zero (0) for that component. POLICY FOR APPROVED MISSED ACADEMIC WORK Students who cannot write a test, and have advanced knowledge and permission as described above, will be given the opportunity to write an alternate version of the test and at an alternate time. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 7 of 10 Students who did not write a test, and subsequently provide an MSAF submission, or documentation for which they have been approved by their Faculty Office, will have the weight of the missed work reallocated across other course components. The student must follow up with the Instructor to understand this process and decision. Students who submit an MSAF, or have been approved by their Faculty Office for an assignment deadline, will be given an extension of three days for the assignment. Please note, the student will ultimately be required to submit the assignment. As an exception, an MSAF will not be accepted for any group assignments. STUDENT ACCESSIBILITY SERVICES Student Accessibility Services (SAS) offers various support services for students with disabilities. Students are required to inform SAS of accommodation needs for course work at the outset of the term. Students who require academic accommodation must contact SAS to make arrangements with a Program Coordinator. Academic accommodations must be arranged for each term of study. SAS can be contacted by phone (905525-9140 ext. 28652) or by e-mail (sas@mcmaster.ca). For further information, consult McMaster University’s Policy for Academic Accommodation of Students with Disabilities at this URL: http://www.mcmaster.ca/policy/Students-AcademicStudies/AcademicAccommodationStudentsWithDisabilities.pdf. COURSE WEBSITE Avenue to Learn (Avenue) is McMaster University's Web-based management system where you will have free access to course information (e.g., podcasts and lectures). When applicable, bring the posted notes to the appropriate class. You need to complete the blanks in addition to new content covered in the class. POTENTIAL MODIFICATIONS TO THE COURSE The Instructor and McMaster University reserve the right to modify elements of the course during the term. The University may change the dates and deadlines for any or all courses in extreme circumstances. If either type of modification becomes necessary, reasonable notice and communication with the students will be given with an explanation and the opportunity to comment on changes. It is the responsibility of students to check their McMaster e-mail accounts and Avenue weekly during the term and to note any changes. PLACES TO GET HELP Additional resources that you can consider to achieve your academic goals are noted next. 1. Through Connect, access LearnSmart (an adaptive learning program designed to maximize productivity and efficiency in learning) and SmartBook (an eBook that adapts to students’ learning patterns). In addition, you will find study tools. 2. The Innis Library is located in KTH #104. Library staff can provide research and citation assistance. 3. The Student Success Centre (http://studentsuccess.mcmaster.ca/), located in GH #110, engages students in diverse learning opportunities to support their academic, personal, and professional growth. This includes workshops and support programs that assist with the development of many academic and life skills. Register for events on OSCARplus (https://oscarplusmcmaster.ca/). 4. Consider creating a study group to enhance what you have independently learned. www.degroote.mcmaster.ca COMM 1B03 - F2015 - 8 of 10 COURSE SCHEDULE Week # and 1st Class Date Class # Topics and Activities 1 Course Introduction To Do: Purchase Required Course Materials, Review Chapter 1, and Bring Slides to Class 2 Taking Risks and Making Profits Within the Dynamic Business Environment To Do: Review Avenue and Connect 3 Taking Risks and Making Profits Within the Dynamic Business Environment, Cont’d Speaker (McGraw-Hill Ryerson Ltd.): Connect 4 How Economic Issues Affect Business 5 How Economic Issues Affect Business, Cont'd Group Work Discussion (bring Courseware) Group Formation Last Day for Adding or Dropping Courses 6 Group Work: Team Contract (bring Courseware) DUE: Title Page (sample on Avenue) 7 Competing in Global Markets 8 Competing in Global Markets, Cont'd DUE: Team Contract 9 Jennifer Meister (Student Success Centre): How to Prepare for Multiple-Choice Question Exams Class 10 Podcast: The Legal Environment The Role of Government in Business START: Complete Connect Chapter 4 Questions Night Before Avenue 4 By 6:00 p.m. 11 Ethics and Social Responsibility Discuss Midterm Procedure 5 Class 12 Ines Perkovic (Innis Library): Secondary Research DUE: Informal Course Review Class Class 13 Midterm One Q&As Class 14 Midterm One Class 1: SEPT. 9 2: SEPT. 14 Chapter/Source/ Document 1 1 Class 2 2 Class Class Mosaic Class Class by 1:30 p.m. 3 3: SEPT. 21 4: SEPT. 28 5: OCT. 5 www.degroote.mcmaster.ca 3 Class by 1:30 p.m. COMM 1B03 - F2015 - 9 of 10 Week # and 1st Class Date Class # 7: OCT. 26 8: NOV. 2 15 Podcast: Citation Guide Overview Corrections Exercise (bring answers and Courseware) 16 Analysis Exercises (bring answers and Courseware) Class 17 Group Work: Company Overview (bring Courseware) Class 18 Forms of Business Ownership DUE: Company Overview 19 Entrepreneurship and Starting a Small Business 7 20 Management and Leadership 8 21 Kathryn Hryb (Student Success Centre): Resume Workshop Bring Resume to Class 22 Human Resource Management 12 23 Understanding Employee-Management Issues and Relations 13 DUE: Resume and Self-Reflection to Dropbox NOV. 9 9: NOV. 9 10: NOV. 16 11: NOV. 23 Chapter/Source/ Document Mid Term Recess: No Classes OCT. 12-16 6: OCT. 19 Topics and Activities Avenue Class 6 Class by 1:30 p.m. Class Resume By 6:00 p.m. Avenue 14 24 Podcast: The Social Environment Marketing: Building Relationships 25 Managing the Marketing Mix 26 Midterm Two 27 Managing the Marketing Mix, Cont'd 28 Group Work: Report (bring Courseware) Class 29 Group Work: Report (bring Courseware) Class 30 Andrew Mushing (PepsiCo Canada): Marketing DUE: Report DUE: Turnitin.com Submission (instructions on Avenue) Class Class by 1:30 p.m. By 6:00 p.m. 31 Financial Management DUE: Group Log (stapled with Title Page and one per group) DUE: Confidential Peer Evaluation (fees based on Group Log) 17 Class by 1:30 p.m. Class by 1:30 p.m. 32 The Financial Services Industry in Canada 15 Class www.degroote.mcmaster.ca 15 18 COMM 1B03 - F2015 - 10 of 10 Week # and 1st Class Date Class # 12: NOV. 30 13: DEC. 7 Topics and Activities Chapter/Source/ Document 33 The Financial Services Industry in Canada, Cont'd 34 Course Evaluation Podcast: The Technological Environment Podcast: Appendix A Producing World-Class Goods and Services 35 Don Fraser (TD Financial Group): Financial Services Class 36 Producing World-Class Goods and Services, Cont'd Course Wrap Up 10 Class NOTES TO SELF: www.degroote.mcmaster.ca 18 Class and Online Avenue Appendix A 10