STRATEGIC MANAGEMENT AND BUSINESS POLICY MGT 489 Winter Session 2009 – M/W 3:20 – 5:30 PM Dr. James B. Avey Phone: 963-3381 e-mail: aveyj@cwu.edu Office: Shaw 332 Office Hours: 1:15 – 2:15pm Monday/Wednesday or by appointment TEXTS: Understanding Business Strategy: Concepts and Cases by R. Duane Ireland, Robert E. Hoskisson, and Michael A. Hitt COURSE DESCRIPTION: This is the capstone course for the College of Business Administration, concentrating on the formulation and application of management policy on the whole organization, with particular emphasis on the development and implementation of strategies. COURSE OBJECTIVES: To develop and apply multidisciplinary management skills to the tasks of identification, analysis, and implementation of solutions to situations facing varying types of organizations. A key objective will be to bridge the gap between managing theory and practice through the analysis of cases representing varying external and internal environments of organizations. Students will develop skills required for effective management analysis and consulting. COURSE CONTENT: In the formulation and application of management policy, the course involves analysis of textbook and live cases in which the student applies knowledge acquired in functional areas such as accounting, finance, economics, operations, and human resources. The course demonstrates the complexity of management problems and the interrelatedness of organizational functions as well as factors external to the organization. Ethical and international considerations are given specific attention. CLASSROOM CONDUCT: I expect that everyone in this class (Instructor included) will conduct him/herself in a professional manner. It is the policy of Central Washington University to not discriminate on the basis of gender, sexual orientation, disability, race, color, religion, national or ethnic origin in its educational programs. I, the Department of Management as well as the faculty of the College of Business Administration at large strongly support this policy. If you feel that some form of discrimination has been directed at you, please contact me immediately or the Department Chair, Dr. Hugh Spall. CLASS POLICIES ATTENDANCE: You will be expected to attend all classes. There is a relationship between showing up for class and being able to make class contributions beyond the element of just being in the classroom. I’ll take attendance randomly during the session. Your best plan is to show up for class. In the event that you do miss class, you will need to find a classmate willing to share their investment of coming to class and taking notes while you were absent. Not to overstate the obvious, but forewarning me of your expected absence with a genuine explanation would be professional behavior. My discretion will be used in determining the need for make-up exams, your situation and plan of action. GENERAL: 1. Varying points of view, constructively offered, are welcome and rewarded. 2. Professional conduct in the class does not include sleeping, reading newspapers, texting, completing other activities, or conducting of other non-class related activities during the class period. 3. 4. 5. The level of discussion will be at college level. If you find yourself struggling with general vocabulary in the material or on the exams, you may not yet be at the level of performance you need to continue through the class. Please see me if this is the case and we can discuss what this means for you. The instructor reserves the right to deviate from the schedule given here as deemed necessary. The Management faculty wants to assist their students in comprehending ethical issues in business and applying an ethical framework to business decision making. Ethical issues will be covered in class and students can expect to be tested on their ability to recognize such issues and apply an ethical framework to business decision making. CHEATING WILL NOT BE TOLERATED: Any student caught cheating will be removed from class with an “F”. They will also be subject to the fullest provisions of the student handbook, including suspension and/or expulsion from the university. Plagiarism on assignments will be considered as cheating. Looking at another students’ exam during a test is also considered cheating. Any other misrepresentations of one’s work or performance will be subject to consideration as cheating. CASE SELECTION: Cases assigned for team analysis and presentation will be determined at a later time. Some consideration will be given to the interests of class members in selecting cases; however, I will make the final decisions based on instructional objectives. COURSE STRUCTURE AND GRADING: Management 489 consists of both lecture-discussion and case analysis. You will need to read the assigned material before each class. Assigned cases will also be analyzed and presented by teams of approximately 5 class members. All students should read and analyze each case and be prepared to participate in class discussions. Grades are based on performance in the following areas: 1. Two Exams and Exercises: There will be two exams covering material from the text, lectures and case analyses. These exams may be a combination of essay, matching, short-answer and multiple-choice questions. The course material builds on itself so that concepts require knowledge of material covered earlier in the course. As a result, you are responsible for all material previously covered for quizzes, discussion and exams. Take the time to read and understand the material since the test will not include simple questions. The questions will be written using a level of business terminology expected of university graduates. The quiz exam questions are meant as a measure understanding and competence. In addition there will be exercises in class where all students are expected to participate. 2. Group SWOT Analysis Presentation: Each student will be assigned to a team responsible for analyzing and presenting a SWOT Analysis of a firm which the instructor will provide. The team will be required to investigate the firm and look at internal strengths and weaknesses as well as external opportunities and threats. The group will present a summary of their SWOT analysis to the class (30-45 minutes) and lead the class through a discussion of the firm according to information they found. Each individual in the group will present a relatively equal amount of time and material. Handouts to the class are highly recommended. In general, each member’s grade will be equal however peer evaluations (rubric below) will be considered in determining final grade. 3. ETS (A) Field Exam. 10% of the grade will go toward the ETS field exam. Details will be provided in class. 4. ETS (B) Case Analysis. 10% of the grade will be based on the case analysis. Details will be provided in class. 5. Participation. 20% of the grade will go toward participation in the form of daily case analyses, daily current event application (individual analysis and 5 minute presentations) and frequency of verbal contributions. A contribution is a verbal comment or question that generates though, reflection or discussion of some kind related to the course content. Letter grading is on standard percentage scale: Assignment Exam 1 (Chapters 1-3 and class discussions) Exam 2 (Chapters 4-6, 8 and class discussions) Group SWOT Analysis Presentation ETS A (Exam) ETS B (Case Analysis) Participation/ Current Event Application Total Points 100 100 100 50 50 100 500 Avey MGT 489- Class Schedule- Monday and Wednesday Date 6-Jan 11-Jan 13-Jan 18-Jan 20-Jan 25-Jan 27-Jan 1-Feb 3-Feb 8-Feb 10-Feb 15-Feb 17-Feb 22-Feb 24-Feb 1-Mar 3-Mar 8-Mar 10-Mar 15-Mar Course Topic Class Introduction Get Into Groups Chapter 1(21)- The Foundations of Strategic Management Current Event Application Group 1 Chapter 2 (14)- Leading Strategically Current Event Application Group 2 Martin Luther King Jr. Holiday- No Class Chapter 3 (23) - Analyzing the External Environment Current Event Application Group 3 Tower Exercise: Organizational Evolutions Medieval Phone Exam 1 (58)– Room: Black 129 Chapter 4 (14)- Analyzing the Firm Dr. Bill Provaznik on Assessing a Firm’s Financial Health- Ameritrade Broker, International Corporate Strategist, Business Strategy Professor Chapter 5 (13)- Business-Level Strategy (if time) Mark Anderson, CEO and President of Anderson Hay and Grain Chad Youngquist, Owner Pillar Homes- Corporate Social Responsibility Planning 2: Game Theory Exercise Game Theory Discussion Chapter 6 (7)- Multiproduct Strategies Decision Making- Delphi Technique Desert Survival President’s Day- No Class Chapter 8 (9)- Competing Across Borders Current Event Application Group 4 Trust within and between Organizations Exam 2 (43)– Room: Black 129 Project Work Day Group Presentations- SWOT Analysis- 30 minutes each- Room: Black 113 ETS Exam A- Exam- Room: Black 129 Group Presentations- SWOT Analysis- 30 minutes each- Room: Black 113 ETS Exam B- Written Case Analysis- Room: Black 129 Finals Week 1) Please remember that our schedule is relatively flexible. When it is necessary, we will adjust our pace. 2) The instructor reserves the right to modify this syllabus. Any changes will be communicated to you well in advance. 3) Additional homework may be assigned depending on progress and need. 4) It is expected that all students will have the text/chapters and additional materials read before coming to class. 5) It is expected that all students keep cell phones, i-pods and other electronics off during class. * The professor reserves the right to add up to 3% of the final grade for exemplary participation. Students with disabilities who wish to set up academic adjustments in this class should give me a copy of their "Confirmation of Eligibility for Academic Adjustments" from the Disability Support Services Office as soon as possible so we can discuss how the approved adjustments will be implemented in this class. Students without this form should contact the Disability Support Services Office, Bouillon 205 or dssrecept@cwu.edu or 963-2171. Planning to graduate in June? The deadline to apply is the second Friday of Winter quarter. Planning to graduate in August? The deadline to apply is the second Friday of Spring quarter. Planning to graduate in December? The deadline to apply is the second Friday of Summer quarter. Planning to graduate in March? The deadline to apply is the second Friday of Fall quarter. Questions? Call Degree Checkout 509-963-3524 Peer Assessment Teamwork/Leadership Skills Assessment Leadership Never offers to lead Occasional leadership demonstrated Regularly demonstrates leadership Takes on leadership role, feels responsible for the success of the group Listening to others Doesn’t exhibit listening behavior, often interrupts others or ignores them Exhibits listening behavior some of the time Exhibits listening behavior most of the time Listens actively, sometimes helps others understand what a group member has said Sharing one’s own ideas Contributes nothing to the group or ideas that are not well thought out Has contributed ideas with some promise Frequently contributes, well thought out ideas Always contributes well thought out process Ability to take a useful group role Behavior is detrimental to group functioning Behavior has very modestly helped the group achieve its objectives Behavior frequently helps group achieve its objectives Behavior always helps the group achieve its objectives Accepts responsibility for activities Takes no responsibility for any activity Rarely takes responsibility for activities Often takes responsibility for activities Willing to take responsibility for all activities Timely submission of work assignments Assignments always late, inconsistent Assignments delivered at the possible date Work assignments delivered on time Self motivated and competes work without any reminders Instructions: Circle the description for each category that represents each group member. Evaluate everyone else in your group but not yourself. You are anonymous. Your name is requested only to confirm that your evaluation was received. Instructor/ Class _______________________________ Your Name______________________________ Team________________________________________ Person being assessed_____________________ Oral Presentation Rubric for SWOT Analysis 1 Organization 2 3 4 Logic of arguments is not made clear. Surface level. Listener can follow presentation with effort. Some, but does not make connections across ideas. Presentation is generally clear and well organized. Good understanding of topic by use of topical and disciplinary knowledge and vocabulary. Presentation is clear, logical and organized. Deep understanding of topic. Use of Communication Aids No communication aids were used or their use detracted from presentation. Communication aids were poorly prepared or used inappropriately. Communication aides professionally present clear and concise information in a highly visible, easily read way demonstrating an excellent command of the technology. Style and Delivery Looks only at notes or away from the audience. Barely audible. Listeners are so distracted by difficulty with grammar that focus is absent. Doesn’t know what do with hands. Personal appearance is inappropriate for occasion and audience. There is eye contact. Can be heard. Listeners can follow but some grammatical errors are prevalent. Avoids distracting use of hands. Communication aids contribute to the quality of the presentation by outlining the presentation of clear and concise information in a highly visible, easily read way demonstrating a good command of the technology. Appropriate eye contact is made. Voice volume is appropriate. Sentences are complete, grammatically correct, and flow together. Able to use hands to communicate/enforce important points. Personal appearance is appropriate for occasion and the audience. Understanding of topic Personal Appearance Personal appearance is somewhat inappropriate for the occasion and audience. Eye contact is used to gauge reaction and understanding. Voice ringingly clear. Sentences are complete, grammatically correct, and flow together easily. Words are chosen for their precise meaning. Professional use of gestures. Personal appearance is completely appropriate for the occasion and the audience. Total