MGT 499.03 Business Policy Tuesday-Thursday 8:00 am to 9:20 am Fall 2002 INSTRUCTOR Edward W. Rogers, Ph.D. E-mail: rogerse@email.uah.edu Office Hours: Tuesday & Thursday 12-2 pm Office: 370 ASB Phone: 256-824-2897 REQUIRED TEXTS AND MATERIALS 1. Strategic Management Concise: A Managerial Perspective by Bourgeois et. al. 2. Course Notes Packet (Includes all PowerPoint slides and any extra readings) 3. Subscription to the Wall Street Journal Prerequisites for this course are: senior standing and ACC301, EH 300, FIN 301, MGT 301, MSC 325, MSC 385, MGT 450. The last 4 courses may be taken concurrently with this course. THIS COURSE IS INTENDED TO: 1. Develop your ability to think strategically about the choices facing companies in their competitive environment. 2. Help you become proficient at analyzing and formulating recommendations regarding strategic decisions within firms. 3. Increase your awareness of the complexities involved in managing innovation and give you a healthy respect for the challenge of balancing cross-functional areas in the whole process. 4. Make you more conscious about the importance of ethical principles, personal and company values, and socially responsible management practices. COURSE REQUIREMENTS Two Written Cases (100 each) Individual Group Project (oral 100; written 200 progress reports 100) Selected Teams In class quizzes Individual Class participation Individual Final Case Test Individual TOTAL Business Policy 499 Page 1 200 400 100 100 200 1000 Points Rogers: Fall 2002 COURSE DESCRIPTION This course is where you are supposed to put the pieces together and apply the management and organizational principles, examples, and wisdom you have learned thus far in your courses in the business program. The course is intended to be challenging in a way that forces you to apply your own reasoning and logic with the analytical tools you have learned (financial, management, and environmental) to real life management problems. This course is required because the faculty and administration at UAH have determined that a solid exposure to the concepts and problems inherent in trying to integrate economics, decision making and, leadership will help you in your jobs and careers ahead of you. This is now your chance to practice thinking like managers. Accordingly, the course revolves around cases. We will read and discuss them in class as a means to sharpening our reasoning and expression skills in intellectual debate. NOTE: Success in this course requires a lot of reading, considerable outside of class work and active classroom participation. You should consider your course load and outside commitments carefully for this semester. POLICY ON ATTENDANCE AND PARTICIPATION The expectation is that you have 1) read the material, 2) done the assignment 3) thought through how the material relates to your work and 4) come ready to add value to the class discussion by sharing or asking questions. NOTE: To encourage active preparation and reduce freeloading, we will have unannounced quizzes in class at any time on any day. There will be NO MAKEUPS. You will be able to drop at least one quiz grade to allow for personal absences. There will be an attendance sign-in sheet for each class. Each class missed deducts 5 points. I will assign bonus points in this category for added value to the class discussion so you can make up points for a missed class. FALSIFYING ATTENDANCE BY SIGNING IN AND LEAVING OR SIGNING SOMEONE ELSE’S NAME WILL RESULT IN A PARTICIPATION GRADE OF ZERO. Disruptive students who talk in class, interrupt rudely, eat food (drinks are okay) or answer cell phone calls will be asked to leave the classroom and marked absent. POLICY ON ACADEMIC CONDUCT Cheating, plagiarism, fabrication, and misrepresentation will not be tolerated. Students committing these acts will be subject to punishment as described in the Student Handbook. DISABILITY ACCOMMODATIONS Students with disabilities are encouraged to register with the Student Development Services Office, room 113, University Center, voice/TDD 890-6203. Thereafter, you are invited to schedule appointments to see me to discuss accommodations for any documented needs. Business Policy 499 Page 2 Rogers: Fall 2002 WRITTEN CASES There are no extra cases or make ups beyond what is in the syllabus. All missed or late cases will receive a grade of ZERO. Handwritten work will not be accepted. The written cases are due at the BEGINNING of class which is 8:00 am NO EXCEPTIONS. You must allow for printer jams etc. If you are not attending, be sure your case reaches me before the beginning of class. You will sign up to do two cases during the semester. You MAY do ONE additional case to substitute for a low grade. You may NOT switch your case after they are assigned. All written cases are to be printed (double-spaced) using 12-point type with a Times Roman font, 1 inch margins and should follow correct form, spelling, grammar, etc. The body of the paper should be no more than THREE pages. Plan to put your recommendations on the FIRST page followed by your main supporting logic. Give only enough details to show the strength of your analysis. DO NOT GIVE EXCESSIVE BACKGROUND DETAILS OF THE CASE. You must be concise and to the point. Assume the reader is the CEO or an otherwise well-informed insider to the company in question. You may include up to two additional pages of exhibits (diagrams, tables or references). This course is about thinking and acting like a manager. Assignments that are sloppy, not spellchecked or poorly written will receive a lower grade. Looking professional is part of the requirement. Your cases should be something you are proud of. This does not mean you need plastic covers and color. Professional means logical, neat, proof-read, clear and to the point. GROUP PROJECT The project for this course requires you to perform a strategic analysis of a (preferably local) company, formulate and justify a set of strategic options, and finally recommend the best course of strategic direction and action based upon your analysis. You will make a presentation to the class at the end of the term (possibly with some outside guests) and hand in a written report. You may select your own team (up to four members) for the group project. Your group must turn in a one page proposal of your target company by the fourth class meeting. Any remaining students will be assigned to a group on that date. I will give you some sample reports from past classes and more detailed instructions in class. In addition, your team must schedule meetings weekly and invite me to visit one or two of these meetings. The final presentations will be on Dec 3rd, the last day of class. All teams must present on this day. Do not plan on taking the course this term if you cannot attend the Dec. 3rd final presentation day. Each team will have 10-12 minutes to make their pitch to the rest of the class who will grade the presentations. You must attend the entire class session to grade the other teams as well. There will be no coming and going during this class period. All presentations must be delivered to me by email by 5pm on Dec. 2nd . I will have them all loaded on the projector and ready to go on the 3rd. Professional attire is expected during the final presentations. Business Policy 499 Page 3 Rogers: Fall 2002 Class Schedule for Strategic Management 499: FALL 2002 Aug 22 #1 Course Orientation; What is Strategy? Pre-Reading Activity Chapter 1: What is Strategy? Personal info cards. Sign up for WSJ Aug 27 Manager’s Mental Models #2 Pre-Reading Activity Aug 29 #3 Pre-Reading Activity Sept 3 #4 Reading DUE TODAY Sept 5 #5 Reading DUE TODAY Sept 10 #6 Reading Activity Sept 12 #7 Reading Activity Sept 17 #8 Reading DUE TODAY Sept 19 #9 Reading Activity Sept 24 #10 Chapter 1: A Model for Strategic Management Pay attention to Four Dimensions of Managerial Mental Models (page 19) Find Group Members for Team Project Quiz 1 on Course Plan, Requirements and Expectations Mapping Mental Models Chapter 2: General Managers (How to Make Mental Models Explicit) Perceptual Biases and Concept Mapping Construct Maps in Class (Counts as quiz 2) CASE DISCUSSION: ASTRAL RECORDS Astral Records, Case #3 in Textbook CASE WRITE UP Introduction to Competitive Advantage Chapter 3: Competitive Advantage VIDEO on SOUTHWEST AIRLINES Project Progress Report Part A (25 points) Team Contact List; Workplan and Company Selection (list two or three) Value Chain Analysis Chapter 3: Competitive Advantage Quiz 3 on Chapter 1-3 Industry Analysis Chapter 4: Analysis of Industry Environments SWOT and 5 Forces Construct map for UAH (Counts as Quiz 4). Industry Analysis: Applying the Five Forces Chapter 4 (cont) Project Progress Report Part B (25 Points) History, Financial Performance and Background of Company Value Creation Part One: AMAZON Amazon Article from Business 2.0 Video of Jeff Bezos Business Definition: What Business Are We In? Business Policy 499 Page 4 Rogers: Fall 2002 Reading Activity Sept 26 #11 Reading DUE TODAY Oct 1 #12 Reading Activity Oct 3 Oct 8 #13 #14 Reading Activity Oct 15 #15 Reading DUE TODAY Oct 17 #16 Reading Activity Oct 22 #17 Reading Activity Oct 24 #18 Reading DUE TODAY Oct 29 CASE DISCUSSION: GEORGIA DIGITAL REPRODUCTION, INC. Georgia Digital Reproductions, Inc. Case # 6 in Text Case Write Up Competitive Strategies Chapter 7: Business Strategy and Competitive Advantage Quiz 6 on Competitive Strategies NO CLASS MEETING FALL BREAK Reading Activity Oct 10 Chapter 6: Business Definition Video of Jeff Bezos Know the definition of the business your team has selected. Quiz 5 #19 Reading DUE TODAY Competitive Strategies That Work Chapter 7 (cont) Guest Speaker Competitive Industry Position Chapter 8: Business Strategy in Different Industries Quiz 7 CASE DISCUSSION: SOUTHWEST AIRLINES Southwest Airlines Case # 7 in Text Case Write up Firm Boundaries Read the WSJ or other Business Publication on Size of a firm Share your reading on how big should a firm be? Corporate Strategy Chapter 9: Corporate Strategy Diversification Review Group Project Progress Corporate Strategy (cont) Chapter 9 (cont) Diversification Project Progress Report Part C (25 points) Competitive Analysis, Competitive Advantage of Company CASE DISCUSSION: ARVIN INDUSTRIES Arvin Industries, Inc. Case # 10 in Text Case Write Up Business Policy 499 Page 5 Rogers: Fall 2002 Oct 31 #20 Reading Activity Nov 5 #21 Reading Activity Nov 7 #22 Reading Activity Nov 12 #23 Activity Nov 14 #24 Reading DUE TODAY Nov 19 #25 Reading Activity Nov 21 #26 Reading Activity Nov 26 #27 DUE TODAY Dec 3 Dec ? #28 Value Creation Review of Analysis Tools Chapter 1-9 Guest Speaker Organizational Structure Chapter 10: Organizational Structure Quiz 8 Organizational Structure (cont) Chapter 10 (cont) Implementation of Strategy Guest Speaker SEMCO Video Case in Class Quiz 9 Strategic Control Chapter 11: Organizational Responsiveness Project Progress Report Part D (25 points) Problem Analysis, Approach and Draft of Slides Control Systems: Implementing Strategic Change Chapter 11 (cont) Strategic Planning Quiz 10 Strategic Change Chapter 12: The Management of Strategic Change Quiz 11 VIDEO CASE IN CLASS: EASTERN AIRLINES FINAL WRITTEN REPORT DUE TODAY FINAL PRESENTATIONS FINAL EXAM Business Policy 499 Page 6 Rogers: Fall 2002