Business Department Course Syllabus Course BUSN 6200 Strategy and Competition Term Spring 2, 2014, Shanghai, China Instructor Name: Mike Gibbs, Adjunct Full Professor Email: mgibbs@webster.edu Description The student examines the conceptual and practical aspects of business policies and policy decision making by utilizing all the concepts, theories, and tools that were presented in the previous courses. The student should be able to analyze and recommend a comprehensive and workable approach to the situation. The course should cover current business issues and developments. Prerequisites Completion of all other required courses in the MBA Catalog Course Level Learning Outcomes Outcome 1. Students understand the important facts, terminology, concepts, principles, and theories in the area of Strategy. 2. Students can conduct industry analysis to assess the relative market position of a firm or product division. 3. The student will be able to use accounting and financial information to assist in their strategic analysis. 4. The MBA will be able to use quantitative tools to assist in the analysis of the strategy of the firm. Expectation Students can discuss the results of research that links strategic variables to firm performance (e.g. The PIMS findings). Students can describe the various models and methods used to conduct external and internal analysis (e.g. SWOT, BCG, Porter, etc.) Students can prepare a written analysis of a business situation, including market structure, within the parameters of the Porter 5 Forces Model or standard Economic Market Structures to assess market conditions. Students can determine the relative well-being of the firm and identify specific performance problems (e.g. inventory management, debt load, etc.) based on financial statements. Students can determine whether the financial condition of the firm will allow the firm to pursue a desired strategy. Students can discuss quantitative tools that can be used to assess competitive position and strategy. Students can identify situations when these quantitative tools can be helpful in the analysis. They can apply the tools and interpret Page 1 of 9 5. The MBA can address unstructured business problems that span multiple functional areas. Materials the results. The MBA will, when faced with an unstructured business situation (through a case or simulation), be able to identify the key factors driving problem or situation, the additional information needed to understand the situation, and to set priorities for decision and action. Strategic Management: Competitiveness and Globalization Author: Hitt, Ireland and Hoskission Publisher: Southwestern International Version: ISBN-10: 1439042306; ISBN-13: 9781439042304 Capsim Business Simulation Registration for the CAPSIM Business Simulation software should be done before the first class. See the Week One Schedule below for details on how to register. The software fees are paid by Webster University in St. Louis. No purchase is necessary at the time of registration. Note: Registration for BUSN 6200 and registration for the CAPSIM simulation are two separate registrations, and they should not be confused. CAPSIM Team Member Guide (Print Version) The print version of the CAPSIM Team Member Guide will be provided by your instructor during the first class subject to availability. In the event they are not available, you may use the online version listed below. CAPSIM Team Member Guide (Online Version) An online version of the CAPSIM Team Member Guide is available on the CAPSIM website to registered users of the CAPSIM simulation. Computer Access Each team must have access to at least one computer or other electronic device capable of accessing and using the CAPSIM website. This implies that you will have a functioning internet connection throughout the class period. If you have a laptop, please bring it to class. Your Accounting Textbook Optional but highly recommended. Your Finance Textbook Optional but highly recommended. Page 2 of 9 Grading Class and Group Participation CAPSIM Practice Rounds CAPSIM Competition Rounds CAPSIM Comp X/M Exercise Final Exam Grading 95-100 90-94 87-89 83-86 80-82 70-79 0-69 % 20% 20% 20% 20% 20% A AB+ B BC F The GRADUATE catalog provides these guidelines and grading options: A/A– Superior graduate work B+/B/B– Satisfactory graduate work C Work that is barely adequate as graduate-level performance CR Work that is performed as satisfactory graduate work (B– or better). A grade of "CR”is reserved for courses designated by a department, involving internships, a thesis, practicums, or specified courses. F Work that is unsatisfactory I Incomplete work ZF An incomplete which was not completed within one year of the end of the course. ZF is treated the same as an F or NC for all cases involving G.P.A., academic warning, probation, and dismissal. IP In progress NR Not reported W Withdrawn from the course Institutional Policies University policies are provided in the current course catalog and course schedules. They are also available on the university website. This class is governed by the university’s published policies. The following policies are of particular interest: Academic Honesty This syllabus is a working document which reflects the dynamic nature of the class. The instructor reserves the right to make changes to this syllabus as dictated by the changing needs of the course. Changes to the syllabus will be announced in class. Students are responsible for knowing about these changes. Drops and Withdrawals Please be aware that, should you choose to drop or withdraw from this course, the date on which you notify the university of your decision will determine the amount of tuition refund you receive. Please refer to the Page 3 of 9 university policies on drops and withdrawals (published elsewhere) to find out what the deadlines are for dropping a course with a full refund and for withdrawing from a course with a partial refund. Special Services If you have registered as a student with a documented disability and are entitled to classroom or testing accommodations, please inform the instructor at the beginning of the course of the accommodations you will require in this class so that these can be provided. Disturbances Since every student is entitled to full participation in class without interruption, disruption of class by inconsiderate behavior is not acceptable. Students are expected to treat the instructor and other students with dignity and respect, especially in cases where a diversity of opinion arises. Students who engage in disruptive behavior are subject to disciplinary action, including removal from the course. Student Assignments Retained From time to time, student assignments or projects will be retained by The Department for the purpose of academic assessment. In every case, should the assignment or project be shared outside the academic Department, the student's name and all identifying information about that student will be redacted from the assignment or project. Contact Hours for this Course It is essential that all classes meet for the full instructional time as scheduled. A class cannot be shortened in length. If a class session is cancelled for any reason, it must be rescheduled. Page 4 of 9 Course Policies Weekly Schedule This syllabus may be revised at the discretion of the instructor without the prior notification or consent of the student. The schedule below presents an approximate expectation of course progress. The instructor reserves the right to add, delete, or modify any weeks of this schedule. The instructor also reserves the right to change the overall course grade weighting. Any changes will be announced in class. Weekly Week 1 Schedule READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 1: Strategic Management and Strategic Competitiveness CAPSIM IN CLASS EXERCISE Register for the On-line CAPSIM Business Simulation at www.capsim.com. An industry ID is required for registration. It will be provided by your instructor. The simulation for the class cannot begin until everyone is registered. Project Team Assignments. You must be registered as a CAPSIM participant before you can be assigned to a team. Anyone not present during the first class will be assigned to a team by the instructor. LECTURE Introduction to Strategic Planning Market Structures and Strategic Planning CAPSIM Overview Week 2 READ PRIOR TO CLASS FROM TEXTBOOK: Read the CAPSIM “Team Member Guide.” You must be thoroughly familiar with the workings of CAPSIM in order to participate in the simulation during week 2. ASSIGNMENTS: (Before coming to class) Click Getting Started on the CAPSIM Menu Watch the Course Introductory Video Take the Quiz at the end of the video Do the Rehearsal Simulation Take the CAPSIM Courier Tour Watch the CAPSIM Videos provided in the team member guide. GROUP ASSIGNMENT BEFORE CLASS Meet with your Group Complete the Situation Analysis Pick a Strategy Page 5 of 9 LECTURE: Makings Sense of It All: Capstone Debrief Rubric CAPSIM IN CLASS EXERCISES: Practice Round 1 Practice Round 1 Restart (If needed) Week 3 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 2: The External Environment Chapter 3: The Internal Organization ASSIGNMENTS: (Before coming to class) Review the results of practice round 1, and be prepared to begin practice round 2 in class. LECTURE: CAPSIM Recap The External Environment The Internal Organization CAPSIM IN CLASS EXERCISES: Practice Round 2 Week 4 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 4: Business Level Strategy Chapter 5: Competitive Rivalry/Dynamics ASSIGNMENTS: (Before coming to class) Practice Round 3 LECTURE: CAPSIM Recap Business Level Strategy Competitive Rivalry/Dynamics CAPSIM IN CLASS EXERCISES: Practice Round 4 Practice Round 5 Page 6 of 9 Week 5 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 6: Corporate Level Strategy Chapter 7: Merger and Acquisition Strategies ASSIGNMENTS: (Before coming to class) Practice Round 6 LECTURE: CAPSIM Recap Corporate Level Strategy Mergers and Acquisitions CAPSIM IN CLASS EXERCISES: Practice Round 7 Practice Round 8 Week 6 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 8: International Strategy Chapter 9: Cooperative Strategy ASSIGNMENTS: (Before coming to class) Pre-competition Analysis by Teams COMP-XM Individual Exercise. Begin this exercise. Plan on about 20 hours of work outside of class to complete it. This exercise is self-paced and may be spread out over weeks 6, 7 and 8. Doing this exercise will help you in the competition rounds. LECTURE: CAPSIM Practice Rounds Recap International Strategy Cooperative Strategy CAPSIM IN CLASS EXERCISES: Competition Round 1 Competition Round 2 Page 7 of 9 Week 7 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 10: Corporate Governance Chapter 11: Organization Structure and Controls ASSIGNMENTS: Competition Round 3 COMP-XM Individual Exercise. Continue working on this exercise. LECTURE: CAPSIM Recap Corporate Governance Organization Structure and Controls CAPSIM IN CLASS EXERCISES: Competition Round 4 Competition Round 5 Week 8 READ PRIOR TO CLASS FROM TEXTBOOK: Chapter 12: Strategic Leadership Chapter 13: Strategic Entrepreneurship ASSIGNMENTS: Competition Round 6 COMP-XM Individual Exercise. Finish the work you started in week 6. This exercise must be finished by midnight of the day on which the class meets in week 8. LECTURE: CAPSIM Competition Rounds Recap Strategic Leadership Strategic Entrepreneurship CAPSIM IN CLASS EXERCISES: Competition Round 7 Competition Round 8 Week 9 IN CLASS: Final Exam Page 8 of 9 Additional Information Page 9 of 9 None