1 of 10 University of Rhode Island College of Business Administration Strategic Management BUS 445 (Secs. 2 and 3) Spring 2010 Classes: M, W, F: 10:00 to 10:50 (Ballentine 115) ` M, W, F: 12:00 to 12:50 (Ballentine 114) Instructor: Silvia Dorado Email: sdorado@mail.uri.edu Phone: 874 5747 Web site: http://www.cba.uri.edu/dorado/ Office: Room 229 Office hours: M, W, and F: before or after class or by appointment. Course Materials: Textbook: Strategic Management (Instructor Silvia Dorado-Banacloche). Primis custom book. ISBN 978-0390-18671-3. It is available for purchase in the bookstore. You can download from the web http://ebooks.primisonline.com/eBookstore/index.jsp. It is the 2nd on the list of custom books (the one which does NOT have the name of Bogdan Prokopovych). Writing guide (required reading and usage for all written assignments). Munter, M. 1999. Guide to Managerial Communication. Upper Saddle River, NJ: Prentice Hall, 7th or 8th edition). There is an online version (MUCH CHEAPER) which you can download from http://www.coursesmart.com/0132424266 Cases: We will be using three cases. You can download them from http://cb.hbsp.harvard.edu/cb/access/4626284 Simulation: Each student must subscribe to the CAP-SIM online simulation at www.CAPSIM.com. (CAPSIM HELP LINE: 888-472-7554). Once you subscribe, the CAP-SIM “Participants Guide” can be downloaded. We will be working with 2 industries and each industry has a different registration number. I will arbitrarily divide the class into two groups once we know the total number of students enrolled. The Industries for Sec. 2 (10:00 to 10:50) are C35610 and C35611. The Industries for Sec. 3 (12:00 to 12:50) are C35608 and C35609. Course description: Are good strategy-making and good strategy-execution the key ingredients of company success? Most business people seem to agree, so the mission of this course is to explore the basic concepts and tools of strategic analysis, and to drill you in the methods of crafting a well-conceived strategy and executing it competently. Courses in strategic management are meant to help you get a better handle on the big picture by looking at an enterprise in its entirety—including the industry and competitive environment in which it operates, its long-term direction and strategy, its resources and competitive capabilities, and its prospects for success. They help you to apply and synthesize what you have learned in prior business courses. Dealing with the grand sweep of how to manage all the pieces of a business makes business policy an integrative, capstone course in which you reach back to use concepts and techniques 2 of 10 covered in previous courses. For perhaps the first time, you’ll see how the various pieces of the business puzzle fit together and why the different parts of a business need to be managed in strategic harmony for the organization to operate in winning fashion. Learning goals: Master knowledge of the strategic management process. Skill in the evaluation of strategic fit in changing competitive environments. Master knowledge of strategy analysis techniques. Ability in integrating functional areas in management decision making. Review knowledge and skill in the identification of the moral dimensions of management practices. Course format: This course will accomplish these learning objectives through a diverse mix of methods and activities, including 1. Lectures and class discussions of case studies. 2. In-class group exercises that will help you deepening your understanding and clearing up questions about the material covered on the lectures. 3. Quizzes and exams that will encourage you to keep up with the readings. 4. A simulation, which pushes you to role-play as the top managers of a company in a competitive environment. 5. Written assignments and presentations which will push to reflect about your performance in the simulation and how the concepts that we are covering through the textbook can help you to improve it. Learning objectives emphasized in this course Gain factual knowledge Develop competent business writing and oral communication skills Contribute productively to a team Gain practice on how to take decisions on the face of ambiguous and uncertain information Cultivate a professional demeanor CAPSIM Simulation (HELP LINE# 888-472-7554) You will need an email address and the above SimID or “C number” on the first page of this syllabus in order to register for your game and class. Your “registration number” is NOT the SimID; you will not have a registration number until AFTER you register with CAPSIM and pay the fee. Each student should have his/her own CAPSIM registration and email address. If you make a mistake while registering for CAPSIM and can’t correct it yourself, then simply call CAPSIM at 888-472-7554 for help. 3 of 10 “Playing” CAPSIM Participation in CAPSIM consists of running a company in the electronic sensor industry. The class will be divided into two industries each with 5 management teams of 3 members competing among themselves and with a computer (I’ll adjust depending on the number of students enrolled). The game is played in 3 series of 8 rounds (rehearsal, practice, and competition). The rehearsal round is the first one played and must be completed by the date established in the schedule of classes. The second (practice) and final (competition) series are played in teams each of the 8 rounds must be completed by the date established in the schedule of classes. You will find that all of the normal financial/accounting data and documents a real firm would have will be available to you for your CAPSIM company as it progresses through both the practice rounds and then after I restart the game, the 8 years of competition. Further, there will be a lot more information for you beyond simply accounting and finance data. In CAPSIM, lack of data is not a problem. How well your company performs in CAPSIM is simply a matter of (1) how much research and effort each of your team members puts into the CAPSIM exercise, (2) how well your organization of your team can bring all your team members’ collective experience and knowledge to bear on running your CAPSIM firm, and (3) how effectively you can implement the strategy your team has formulated. CAPSIM’s performance measure feature will be used to assign a grade between 0 and 1000 to each individual’s (first series of 8 rounds) team’s performance. CAPSIM teams Each team will have 4 (5) members. I will assign students to industries and teams considering the list of students enrolled. If you are absent the first day of class you should talk with me to find out your industry and team. Teams will be assigned products and requested to assume the following three roles: Marketing Manager, Production Manager, and Financial Manager. Chief Executive Officer and R&D responsibilities can be delegated to a member of the team or shared among the members. Factors to consider when distributing roles are the expertise and interests of members, and logistics such as members’ flexibility of schedule (good for the CEO) and proximity to one another (out-ofclass meetings will most likely be necessary). You have to write a letter that explains why you are the best person for the job (see “job letter” assignment). Teams will be identified by their CAPSIM company name (Andrews, Baldwin, Chester, Digby, or Erie); Ferris will be managed by a computer during the practice round but may be managed by students during the competition rounds. Throughout the course, all team projects, both within and outside of CAPSIM, will be conducted by CAPSIM company teams (the words “team,” “group,” “CAPSIM company,” and the like are synonymous). You will be required to file, with me, decision logs where you would specify your contribution to the team. I would use these logs to take decisions regarding team assignment (during the practice rounds) and grade (during the competition rounds. Academic Standards: The course is governed by URI’s regulations and procedures regarding Academic Standards, Cheating, Plagiarism, and Documentation of Written Work. If you have any questions about what constitutes plagiarism and what are a professor’s explicit duties relative to student 4 of 10 cheating, please read sections 8.27.10 – 8.27.20 of the URI Academic Regulations at: http://www.uri.edu/facsen/8.20-8.27.html Course evaluation Grading: I grade considering the following distribution: A (>9.0), A- (9.0 – 8.5), B+ (8.5 – 8.0), B (8.0 – 7.0), B- (7.0 – 6.5), C+ (6.5 – 6.0), C (6.0 – 5.0), C- (5.0 – 4.5), D+ (4.5 – 4.0), D (4.0 – 3.5), D- (3.5 – 3.0) F (<3) —grades will be round up to the next category (e.g. 8.5 will be graded as A-) List of assignments (see schedule of classes for deadlines) Assignments Grade Exams 70 points Pop-quizzes (at least 3) (10 points) Midterm (20 points) Final (one part will be a take home due during finals week) (40 points) Class engagement (throughout) 25 points Attendance (10 points), Class participation (7.5 points) Team-based in-class work (7.5 points) Simulation 45 points CAPSIM rehearsal 8 rounds (individual score). Pass or Fail (825 points or better). (5.0 points). CAPSIM practice (group score). Pass or Fail (350 points or better (10.0 points). CAPSIM competition rounds (group score) (25 points), 850 points or more: A 800 – 849: A450 – 549 C 750 – 799 B+ 400 – 449 C650 – 749 B 350 – 399 D+ 600 – 649 B250 – 349 D 550 – 599 C+ 244 or lower F Contribution to team work (individual score) (5 points) Team mid course presentation to the board (group score) 20 points Written assignments 40 points Introductory assignment (TBD) (10 points) Strategy formulation reports (30 points) Required (each team member writes one) o Situation analysis o Outline your strategy o Analysis of your competencies o Financial structure policy o Analysis of the competition Total 200 points 5 of 10 Special needs: Any student with a documented disability is welcomed to contact me as early in the semester as possible so that we may arrange reasonable accommodations. As part of this process, please be in touch with Disability Services for Students office at 330 Memorial Union or at 874-2098. Exams (70 points or 35% of final grade) Pop-quizzes (10 points or 5% of your final grade). We will have pop-quizzes throughout the semester to help evaluate the engagement of all including those who prefer to remain quiet during class time. The course schedule already specifies a couple of dates in which I plan to run pop-quizzes. It is likely that I will run more pop-quizzes than those scheduled. The intention is to provide you with a grade based incentive for you to keep up with the readings. Midterms (there are 2 and each is worth 20 points or 10% of final grade). There will be two midterms and no final during the semester. The first midterm will include about 50 multiple-choice and true/false questions and 2 short (1 paragraph) essay-questions. The second midterm will be like the first one but will also include a take home section due by the date and time scheduled for the final exam of this class. The take home part will involve a reflection on CAPSIM considering what you have learned in this course. It will not be a multiple choice exam but will require that you write an essay following the writing guide of the course. Class engagement (25 points or 12.5% of your final grade) Grading for class engagement follows my teaching philosophy which guides me to think that you will take out of this class as much as you put in. Attendance (10 points): Attending class is critical to learning. One of the primary reasons for meeting to learn business policy in the classroom (rather than learning the material alone) is that it offers you the opportunity to share your experiences and learn from your colleagues. A class attendance form will be handed out at the beginning of each class which requires your signature. Missing 6 or more classes (2 weeks) will half your attendance grade (from 10 to 5). After that you will lose, first, 1 point out of your attendance grade, and then 2 points. If you miss 6 or more classes (3 weeks) your attendance grade will be “0.” Please don’t be late. Arriving on time is a form of respect towards other students and the instructor. Late arrivals disrupt the class. Habitual lateness to class may be penalized through your individual class participation grade. If a student does miss a class, s/he is responsible for obtaining any notes, handouts, assignment changes, or administrative notices, preferably from the course web site or another student. Missing a class or tardiness will not be accepted as an excuse for not knowing changes in administrative course details. This year because of concerns with the spread of the H1N1 flu stream the university suggests that any of us who develops flu-like symptoms should stay home until the fever 6 of 10 has subsided for 24 hours. So, if you exhibit such symptoms, please do not come to class. I will only consider this excuse if you notify me by calling 874 -5747, writing to sdorado@mail.uri.edu of your status before your absence, or bringing a medical note after if you fail to notify me ahead of time. I will then work with you to ensure that course instruction and work is completed for the semester. Individual participation (7.5 points): I will evaluate participation in class discussions based on contemporaneous notes about the quality of each student’s contribution. Group participation through in-class team work (7.5 points)It depends on the quality and engagement on team class work during class time. We will have multiple in-class work activities. I will compile them, go over them, and grade them excellent (shows preparation and engagement in the task), pass (they did the job) or fail (careless, last minute and/or incomplete write up). You can turn them in later but it is preferable that you turn them in at the end of the class in which they are assigned. CAPSIM participation (45 points or 22.5% of final grade) Individual rehearsal rounds (5 points or 2.5% of final grade) Experience shows that students perform better in the CAPSIM competition when they have thoughtfully completed the individual rehearsal rounds. It also shows that unless it is graded most of you never do it. Team practice rounds (10 points or 5 percent of final grade). Those teams who complete the practice rounds with a score of 350 (the equivalent of a D+) or better will receive the full 10 points those who get 350 or less would receive 0 points. Team competition rounds (25 points or 12.5 percent of final grade). I will use the balance scorecard to evaluate your performance. The balance score card is one of the topics we are covering in the course and a very important management tool. Contribution to CAPSIM Team (5 points or 15 percent of final grade). You will have to demonstrate your contribution to your team. You will be required to file, with me, decision logs where you would specify your contribution to the team. As mentioned earlier, I would use these logs to take decisions regarding team assignment (during the practice rounds) and grade (during the competition rounds. There is “No” make ups in CAPSIM so have a back up or redundancy plan to make sure that the person responsible for inputing the data by the time specified in the course calendar has done so. In CAPSIM, there is no way to make up for a missed input data upload deadline; the company just continues to operate without the missing input data, but with weakened performance. So, a missed deadline does not mean that the game will be stopped so that everyone can catch up at their convenience. Even though there maybe a valid reason for missing one, the firm’s performance cannot be adjusted to account for the missing inputs other than by more effective decisions in later rounds. Missing a deadline creates unnecessary pressure on the whole team in the subsequent rounds and greatly helps your competitors. 7 of 10 Day and time deadlines for submission of input decision data to CAPSIM are shown clearly on the calendar part of the syllabus, and are also published within the CAPSIM website. Mid semester Presentation to the board (20 points or 10% of final grade) This is a power point presentation to the company’s Board of Directors. It should discuss what you learned during the practice rounds and your plans for the competition rounds. Evaluation of the presentation: All team members need to be in the room (if you cannot please talk to me) during the presentation and the team needs to provide me with a paper copy of the presentation. All team members also need to show proof that they have contributed to the team’s presentation. In order to do this each individual needs to turn one work document used to prepare the presentation, such as a copy of a completed worksheet from those included in CAPSIM’s student guide. Lacking this material I will consider that the individual in question has not contributed to the team presentation and will received a “0” grade for this assignment. I will evaluate the evaluation through contemporary notes and will also consider the evaluations of the Board of Directors (i.e., yours class peers who were members of the other industry). You want to encourage your “Board of Directors” to pay close attention and honestly evaluate your presentation. I will only consider peer evaluations that show the student was paying attention and evaluated the group with care. Content of the presentation: Your Board presentation should truthfully inform the Board of your company's effectiveness and prospects during the competition rounds. The Board Reports should include, at a minimum: A comparison of the actual strategies used and the original intended strategy. An evaluation of strategies within the context of the competitive environment and your internal resources and capabilities. A description of the strategic decisions you made over time, why you made them, and how you implemented them. An analysis of the market and competition at the end of the simulation. The strategy you would select for the remaining competition rounds. A discussion of what you learned from your experience, what worked well, and what you would do differently during the remaining competition rounds. Format of the presentation: Follows guidelines included in the Munter guide for public speaking. Written assignments (40 points or 20% of final grade) Introductory written assignment (10 points or 5 percent of your final grade). (Content TBD). This assignment needs to follows the writing standards for the course which will be presented in the form of a workshop at the beginning of the semester and which follows the writing guide mandatory of this class. 8 of 10 Strategy formulation reports (30 points or 15 percent of your final grade). These are 4 (or 5) must do reports (see course web site for details). You should cooperate in the development of all the reports submitted by members of your CAPSIM team but one person will be responsible for its execution and write up. Only this person will get graded for the report. You will negotiate among yourselves who writes which report considering your personal skills and how the due date fits with your schedule. Team with 4 members will write 4 reports and teams with 5 members will write 5 reports. I will read the report and grade it but I am not your audience. Your audience is your team members. The reports should help you and your team to improve the performance of your company. The course website includes specific guidelines regarding the content and expected format for these reports. Bottom line they will bring together concepts from the textbook to discuss CAPSIM, need to help your team to improve its performance, and have to follow the Munter’s writing guide. Academic Enhancement Center (AEC) The AEC offers a comfortable environment in which to study alone or together, with or without a tutor. AEC tutors are your peers they have taken your courses, and can answer questions, clarify concepts, check your understanding, and help you to study. You can make an appointment or walk in anytime during office hours -- Monday through Thursday from 9 am. to 9 pm, Friday from 9 am to 1 pm, and Sunday from 4 pm. to 8 pm. For a complete schedule -including when tutors are available specifically for this class -- go to www.uri.edu/aec, call (401) 874-2367, or stop by the fourth floor in Roosevelt Hall. Illness Due to Flu The H1N1 Flu Pandemic may impact classes this semester. If any of us develop flu-like symptoms, we are being advised to stay home until the fever has subsided for 24 hours. So, if you exhibit such symptoms, please do not come to class. Notify me at 874-5747 or sdorado@mail.uri.edu of your status and we will then work together to ensure that course instruction and work is completed for the semester. Receipt of this syllabus and registration in this class will serve as evidence that you understand and accept the requirements of this course. 9 of 10 Schedule of classes (maybe modified during the semester to fit the needs of the class). Week Wk 1 Jan. 25, 26, 28 Introduction Topic and Reading M: Introduction to the course W: Chapter 1 Must do’s Give me a copy of a picture ID next class. Register for capsim: www.capsim.com Visit course website: BUS_445_Spring10.html F: Introduction to CAPSIM Wk 2 Feb. 1, 3, 5 Rehearsal M: Chapter 2 (26 pages) W: Workshop on using the Munter’s writing guide 1, 2, 3, 4 to work on reports. Writing vision and mission statements F: Practice simulation. M: Chapter 3 (21 pages) W: Ice-Fili’s strategy. F: Practice simulation W: Chapter 4 (32 pages) F: Practice simulation F: CAPSIM Rehearsal simulation completed (4 rounds mandatory. 8 rounds desirable). F: BRING LAPTOPS Wk 5 Feb. 22, 24, 26 Practice M: Ice Fili and industry analysis. W: Chapter 5 (25 pages) F: Practice simulation F: Round 3 decisions uploaded before class. Wk 6 Mar. 1, 3, 5 Practice F: Round 4 decisions uploaded before class. Wk 7 Mar. 8, 10, 12 Practice M: Ice-Fili (SWOT and value chain) + Review for midterm. W: Midterm (Chapters 1, 2, 3, 4, 5, Ice Fili, Munter, CAPSIM guide). F: Practice simulation M: Chapter 6 (26 pages) W: Silvio Napoli. F: Practice simulation Wk 8 Mar. 15, 17, 19 Practice M: Chapter 8 (18 pages) W: Silvio Napoli F: Practice simulation M: Strategy Formulation report (1 and 2) Situation analysis (using data up to the round played) F: Round 6 decisions uploaded before class. Wk 9 Mar. 29, 31, Apr. 2 Practice SPRING BREAK M: Chapter 9 and Silvio Napoli. W: Assurance of learning exercise at the end of the chapter (you will need your laptops). F: Practice simulation Wk 3 Feb. 8, 10, 12 Practice Wk 4 Feb. 17, 19 Practice W: Introductory written assignment (Report on Ice Fili’s vision due). F: Round 1 decisions uploaded before class. F: CAPSIM Rehearsal simulation completed (8 rounds mandatory). F: Round 2 decisions uploaded before class. W: Pop quiz (Silvio Napoli) F: Round 5 decisions uploaded before class. F: Round 7 decisions uploaded before class. F: Strategy Formulation report (3, 4, and 5) Strategy 10 of 10 Wk 10 Apr. 5, 7, 9 Practice M: Chapter 7 (21 pages) + corporate governance from chapter 1. W: Compartamos + discussion of business in Russia, India, and Mexico F: Competition simulation W: Expect popquiz on Case (Compartamos) F: Round 8 decisions uploaded before class. Wk 11 Apr. 12, 14, 16 Competition M: Presentations workshop (Munter’s guide last chapters). W: Presentations Andrews, Baldwins, and Chesters D, and E work on simulation F: Presentations Digbys and Eries. A, B and C work on simulation M: Competition simulation W: Competition simulation F: Competition simulation M: Competition simulation W: Competition simulation F: Review for final midterm Debriefing on CAPSIM M: Final midterm (chapters 6, 7, 8, 9, Napoli. CAPSIM ).Take home portion of final to be distributed. Due by class final’s exam date. W: Round 1 decisions uploaded before class. F: Round 2 decisions uploaded before class. Wk 12 Apr. 19, 21, 23 Competition Wk 13 Apr. 26, 28, 30 CAPSIM Debriefing Wk 14 M. 3 M: Round 3 decisions uploaded before class. W: Round 4 decisions uploaded before class. F: Round 5 decisions uploaded before class. M: Round 6 decisions uploaded before class. W: Round 7 decisions uploaded before class. F: Round 8 decisions uploaded before class. Right now the schedule of finals shows: May 7 (11:30 to 2:30 pm) for the 10:00 am class May 12 (11:30 to 2:30 pm) for the 12:00 pm class