Keuka College Bachelor of Science in Management Syllabus BUS 444: Strategic Management Professor: Ruth Garrett Fall Semester 2014 Yunnan University of Finance & Economics All curriculum material protected by U.S. copyright laws. Unauthorized sale or reproduction is strictly prohibited. Keuka College 2014 1 Keuka College BUS 444 Strategic Management Professor: Ruth Garrett Location: Yunnan University of Finance & Economics Telephone: E-Mail Address: [email protected] Instructor Availability: You will be able to speak with the instructor before and following each class session. Appointments for additional meeting times may be made following each class session. Course Credits: 3 credits Course Prerequisites: Senior (4th Year) Level COURSE DESCRIPTION: Strategic Planning (BUS 444) is the capstone, integrative course for graduating business management students. This is an exciting, challenging course that focuses on how firms formulate, implement, and evaluate strategies. Strategic management concepts and techniques are studied. Students use all the knowledge acquired from prior business courses, coupled with new strategic management techniques learned, to plan the future direction of different organizations. The major project is to analyze a organization, make objective strategic decisions and justify them through oral and written communication. This course examines strategic processes that influence the direction of an organization and explores the techniques for defining mission and objectives of an enterprise, understanding competitive forces and industry dynamics, analyzing components of sustained competitive advantage, matching organizational strengths with environmental opportunities and developing strategies and policies to achieve the organization’s mission and balance the interests of stakeholders. TEXTBOOK: Strategic Management Concepts and Cases, 13th Edition, Fred R. David, Pearson Education Asia Ltd and Tsinghua University Press, 978-7-302-31467-7 COURSE RESOURCES: Information on publicly traded companies: http://www.marketwatch.com/ Textbook companion website for students: http://wps.prenhall.com/bp_david_sm_11/ The Strategic Planning Process: http://www.quickmba.com/strategy/strategic-planning/ Strategic Planning: http://managementhelp.org/plan_dec/str_plan/str_plan.htm 2 BUS 444 Strategic Management STUDENT LEARNING OUTCOMES (SLOs) By the end of the course students will 1. Define and explain the strategy hierarchy and how it is developed to achieve mission and goals. 2. Describe the strategic management process including internal and external environmental assessments, strategy and tactic formulation, and strategic control. 3. Evaluate alternative strategic decisions and analyze why these decisions succeeded or failed. 4. Evaluate, practice and further develop the tools needed to implement strategies in a global economy. 5. Analyze marketing, operations, accounting, finance, human resources, and other business functions of an organization and construct a business strategy to manage the long-term health of an organization. COURSE REQUIREMENTS The following are the requirements for this course: Description of Assignments Each day, there will be a written assignment given in class; sometimes, these assignments will be team-based, other times, they will be individual assignments. If you are not in class, you will receive a zero for both the daily assignment and class participation for that day. Make-up work is not permitted. Each student will be assigned to a team, and each team will have a publicly traded corporation assigned to them to research and use as the basis for in-class assignments and the term project. The term project requires both a written report and an oral presentation; requirements and rubrics for the term project are at the end of the syllabus – note – INDIVIDUAL GRADES WILL BE GIVEN FOR THE TERM PROJECT, NOT TEAM GRADES. In other words, every member of the team will be assessed individually – it is entirely possible for some members of a team to earn A’s, while others earn F’s, based on the level and value of their contributions to the project. There will be four exams given in the course. The first exam will be an essay-question only exam, covering the materials in Chapters 1,2,3 and will constitute 10% of the final grade. The second exam will be an essay-question only exam, covering materials in Chapter 4, 5, 6, 10 and will constitute 10% of the final grade. The Final exam will be an essay-question only exam, covering the materials in Chapters 7,8,9,11 and will constitute 10% of the final grade (each exam will be given to all sections of the class on the same evening, at the same time (NOTE: check to arrange this) . The Comprehensive Exam on Functional Areas of Business is an 80-question multiple choice exam, and it covers all of Keuka Business courses; it is worth 10% of your final grade and will be given to all 3 sections of the class on the same evening, at the same time (NOTE: check to arrange this). Failure to be present on the date/time an exam is given will result in a grade of zero for the exam. Make-up exams are not permitted. WEIGHTING OF ASSIGNMENTS POINT VALUE Class Participation and In-Class Assignments 25 Term Project – organization strategic analysis and plan 35 Exams (4) – 1st (10%), 2nd (10%), 3rd (10%) and comprehensive exam (10%) on functional areas of business 40 Total 100 *See Appendix B for rubrics indicating how assignments will be graded OUTLINE OF THE COURSE All schedules in this syllabus are tentative and subject to change. Bloom’s Taxonomy Levels: 1- Knowledge 2- Comprehension 3- Analysis 4- Application 5- Synthesis 6- Evaluation Session Week Topic In-Class Activity Homework Session 1 Sept. 9-12 Introductions & Class Policies Assignment to groups for daily assignments, research project, and presentation Read Chapter 1, pages 1-36 Lecture: Session 2 SLO(s) covered: 1 Bloom’s level(s): 1, 2 Sept. 9-12 Lecture: Intro to strategic management terms and issues In-class activity: Get together with your assigned team and select a team leader Working with your assigned team, complete Steps 1-4 of Assurance of Learning Exercise 1B on page 37-8 of your textbook. 1. Read Chapter 2 To be handed in at end of class. Please ensure that 2. Research your group’s assigned organization, gathering basic information about its operations and structure. Make sure you research their mission and vision you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Bring a copy of written report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 4 Session Week Topic Session 3 Sept. 15-19 Lecture: The Business Vision and Mission SLO(s) covered: 1, 2 Bloom’s level(s): 1, 2, 3 In-Class Activity In-class activity: What is the mission of the organization your group was assigned? Write a 2 page report that explains what the current vision and mission of your organization is and ways that you believe that mission could be improved by doing business in China. Make sure you critically assess your recommendations. Homework 1. Read Chapter 3, pages 58-69 2. Bring a copy of the finished report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Gather research on the external factors ((1) economic forces (2) international dimension (3) political, legal, & governmental forces (4) social, cultural, demographic, & environment natural forces (5) technological forces) that could impact your assigned organization. Bring to next session. Session 4 SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Sept. 15-19 Lecture: The external assessment – (1) Economic forces (2) International dimension (3) Political, legal, & governmental forces (4) Social, cultural, demographic, & environment natural forces (5) Technological forces In-class activity: Working with your group, use the (1) Economic forces (2) International dimension (3) Political, legal, & governmental forces (4) Social, cultural, demographic, & environment natural forces (5) Technological forces that you researched and create a report discussing these areas in detail with respect to your organization’s opportunities and threats in these areas. 5 1. Read Chapter 3, pages 71-81 2. Bring a copy of the inclass activity report to the next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Research issues relating to the competitive advantage of your organization. Session Week Session 5 Sept. 22nd 26th SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Topic Lecture: The external assessment – competitive advantage In-Class Activity Create an External Factor Evaluation (EFE) for your organization using the information you have gathered about (1) Economic forces (2) International dimension (3) Political, legal, & governmental forces (4) Social, cultural, demographic, & environment natural forces (5) Technological forces and (6) Competitive advantage Homework 1. Read Chapter 4 – nonfinancial factors 2. Continue working on your EFE – bring a copy of the finished report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. Session 6 SLO(s) covered: 2, 4 Sept. 22nd 26th Bloom’s level(s): 2, 3, 4 Lecture: The internal assessment – nonfinancial factors Review for First Exam Using the nonfinancial internal factors (Culture, Management Function, Marketing: Function Product & Service Planning, Pricing, Distribution, Marketing Research, Cost/Benefit Analysis, Production / Operations Function, Research / Development Function, Management Information Systems Function) write a report outlining the key issues for your organization relating to these factors (using a framework of strengths and weakness) in all of these areas. Session 7 SLO(s) covered: 1, 2, 4 Bloom’s level(s): 1, 2, 3, 4, 5 Sept 29th First exam 1. Bring a copy of the finished report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 2. Study for first exam 3. Continue working on the research, written report, and presentation for the final project. (1) Intro to strategic 1. Read Chapter 10 management, (2) The 2. Continue working on the Business Vision & Mission, research, written report, (3) The External and presentation for the Assessment final project. 6 Session Week Session 8 Sept 29th – 30th SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Oct 8th – 10th Topic In-Class Activity Lecture: 1. Using the ‘Ethics Business Ethics, Program Elements’ Social described in the Responsibility & lecture- write a Environmental report on where your Sustainability in organization is at this strategic moment in time with management respect to the 4 elements. 2. Research and report on your organization with respect to their reputation for being strong or weak ethically, socially and environmentally …. give examples Session 9 SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Oct 8th – 10th Lecture: The internal assessment – financial factors Using the following questions to research your team’s organization and write a report. 1. Where is the firm financially strong and weak as indicated by financial ratio analyses (use liquidity ratio, leverage, activity, growth & profitability ratios)? Make sure you critically justify your position on the strengths and weaknesses. 2. Are dividend payout policies reasonable? If yes, why. If no, why. 3. Does the firm have good relations with its investors and stockholders? If yes, why. If no, why. 7 Homework 1. Read Chapter 4 – financial factors 2. Bring a copy of your finished report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. 1. Read Chapter 6, pages 172-185 2. Bring a copy of your inclass report to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. Session Week Session 10 Oct 13h – 17th SLO(s) covered: 3, 4 Bloom’s level(s): 4, 5, 6 Topic Lecture: Strategy analysis and choice In-Class Activity Based on the research of your assigned organization to date: 1. Create a comprehensive SWOT Matrix & SPACE Matrix 2. Included in your SWOT and SPACE matrices will be the rationale of how you came to use the factors you used in each Matrix. Session 11 SLO(s) covered: 3, 4 Oct 13h – 17th Bloom’s level(s): 4, 5, 6 Lecture: Strategy analysis and choice Based on the research of your assigned organization to date (including your EFE, CPM, IFE, SWOT & SPACE Matrix): 1. Create a Grand Strategy Matrix & QSPM Matrix 2. Included in your Grand Strategy and QSPM matrices will be the rationale of how you came to use the factors you used in each matrix. Session 12 SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Oct 20th – 24th Lecture: How to Prepare and Present a Case Study Based on the research you have done to date for your assigned organization create a draft outline for your: 1. case study report 2. presentation Make sure your outline describes what will 8 Homework 1. Read/review Chapter 6, pages 186-204 2. Bring a copy of your comprehensive SWOT Matrix, SPACE Matrix and explanation to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. 1. Read Part 6, pages 346357 2. Bring a copy of your comprehensive Grand Strategy Matrix, QSPM Matrix and explanation to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. 1. Read Chapter 7 2. Bring a copy of your outline to next class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and appear in each section and subsection Session Week Topic In-Class Activity Session 13 Oct 20th – 24th Strategy implementation - Management & Operations Issues In-class activity: Prepare a draft of Business Strategy recommendations –both long term objectives and specific strategies for the organization - Included will be the rationale of how you came to these recommendations SLO(s) covered: 4, 5 Bloom’s level(s): 4, 5, 6 Propose methods and a timetable for the implementation of the long-term objectives and specific strategies Session 14 SLO(s) covered: 4, 5 Bloom’s level(s): 4, 5, 6 Oct 27th – 31st Strategy implementation – Marketing, Finance, & Accounting Issues In-class activity: Prepare a summary of EPS/EBIT Analyses, Financial Statements. Explain how your proposals in Session 13 could impact trends and forecasted financial performance data team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project. Homework 1. Read Chapter 8 2. Bring a copy of your group’s business strategy recommendations to class for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project 1. Read Chapter 5 2. Bring a copy of your group’s EPS/EBIT Analysis to next class for handing in Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project 9 Session Week Session 15 Oct 27th – 31st SLO(s) covered: 2, 4 Topic Lecture: Strategies in Action Bloom’s level(s): 2, 3, 4 In-Class Activity Based on the research you have done to date for your assigned organization update your draft outline for your case study report and presentation Homework 1. Study for 2nd exam 2. Bring a copy of your updated draft outline for your case study report and presentation for handing in. Please ensure that you have a cover sheet on your assignment indicating each team member’s name and team number (1 -7) 3. Continue working on the research, written report, and presentation for the final project Session 16 SLO(s) covered: Nov 3rd – 7th 2nd exam Nov 3rd – 7th (10) Business Ethics, Social Responsibility & Environmental Sustainability (4) Internal assessment –nonfinancial and financial factors (6) Strategy Analysis & Choice (5) Strategies in Action 1. Read Chapter 9 Lecture: Strategy Review, Evaluation & Control Practical class time – working on Final Research Project Report & Presentation 1. Read Chapter 11 Lecture: Global International Issues Practical class time – working on Final Research Project Report & Presentation 1, 2, 4 Bloom’s level(s): 1, 2, 3, 4, 5 Session 17 SLO(s) covered: 4, 5 Bloom’s level(s): 4, 5, 6 Session 18 SLO(s) covered: 2, 4 Bloom’s level(s): 2, 3, 4 Nov 10th – 14th At end of class hand in a report on the areas you have worked on and how you have specifically altered/supplemented your report / presentation. At end of class hand in a report on the areas you have worked on and how you have specifically altered/supplemented your report / presentation. 10 2. Continue working on the research, written report, and presentation for the final project 2. Continue working on the research, written report, and presentation for the final project 1. Study for 3rd Exam 2. Prepare for group presentations & submission of research project Session Week Session 19 Nov 10th – 14th Topic 3rd Exam Review Program Outcomes Assessed: 1, 2, 3, 4, 5 SLO(s) covered: 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 20 Nov 17th – 21st In-Class Activity Practical class time – working on Final Research Project Report & Presentation At end of class hand in a report on the areas you have worked on and how you have specifically altered/supplemented your report / presentation. Program Outcomes Assessed: 1, 2, 3, 4, 5 Practical class time – working on Final Research Project Report SLO(s) covered: 2, & Presentation 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 21 SLO(s) covered: 1, 2, 4 Nov 17th – 21st 3rd exam Nov 24th – 28th ****Submit 15 Minutes for each written presentation research project and 2 DVD copies of oral & video presentation Bloom’s level(s): 1, 2, 3, 4, 5 Session 22 At end of class hand in a report on the areas you have worked on and how you have specifically altered/supplemented your report / presentation. (7) Strategy Implementation, Management & Operations Issues (8) Implementing Strategies, (9 )Strategy Review, Evaluation & Control, (11) Global International Issues Begin group presentations Program Outcomes Assessed: 1, 2, 3, 4, 5 SLO(s) covered: 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 11 Homework 1. Study for 3rd Exam 2. Prepare for group presentations & submission of research project 1. Study for 3rd Exam 2. Prepare for group presentations & submission of research project Prepare for group presentations & submission of research project Prepare for group presentations Session Week Session 23 Nov 24th – 28th Topic Group Presentations In-Class Activity Homework 15 Minutes for each presentation Prepare for group presentations 15 Minutes for each presentation Study for Keuka Comprehensive Exam on Functional Areas of Business Hand out Comprehensive Exam Handbook Study for Keuka Comprehensive Exam on Functional Areas of Business Program Outcomes Assessed: 1, 2, 3, 4, 5 SLO(s) covered: 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 24 Dec 1st – 5th Group presentations Program Outcomes Assessed: 1, 2, 3, 4, 5 SLO(s) covered: 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 25 Dec 1st – 5th Review for Keuka Comprehensive Exam on Functional Areas of Business Program Outcomes Assessed: 1, 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 26 Dec 8th Review for – 12th Keuka Comprehensive Exam on Functional Areas of Business Study for Keuka Comprehensive Exam on Functional Areas of Business Program Outcomes Assessed: 1, 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 12 Session Session 27 Week Topic In-Class Activity Homework Dec 8th Keuka – 12th Comprehensive Exam on Functional Areas of Business Program Outcomes Assessed: 1, 2, 3, 4, 5 Bloom’s level(s): 1, 2, 3, 4, 5, 6 Session 28 Dec 12th Final day of class Grading Guidelines for Transfer Credit (International Programs) The chart below depicts how course points will equate to grades. QUALITY POINTS POINTS 4.00 93-100 A- 3.67 90 - 92 B+ 3.33 87 - 89 3.00 83 - 86 B- 2.67 80 - 82 C+ 2.33 77 - 79 2.00 73 - 76 C- 1.67 70 - 72 D+ 1.33 67 - 69 1.00 63 - 66 0.67 60 - 62 0 0-59 A B C D SUPERIOR COMMENDABLE SATISFACTORY DEFICIENT DF FAILING Outstanding work not completed in 30 days will result in a grade of “F.” 13 Expectations English Language Skills This course and the Business Management degree program are focused on increasing English proficiency as well as business management skills. Students need to demonstrate strong English language skills to succeed in this course, it is suggested that students read any assigned readings carefully prior to class discussions. Here is one method: 1. First, print out the readings so there is a copy of the reading to work with. 2. Then, using a dictionary, look up and write out (on the copy) the Chinese definitions of key words in the assignment. 3. Work through the assignment before class, so there is a general understanding of what the reading is about. 4. Ask the instructor about phrases or statements in the assignment that still are difficult to understand. 5. Write down what the instructor says about the reading assignment on the sides, bottom, or on the back of the copy of the reading assignment. This will provide a good study guide for any exam on this material. IT IS THE STUDENT’S JOB TO ASK QUESTIONS! The instructor cannot guess what a student does not understand. The instructor expects and appreciates students’ questions. Students who ask the most questions in class often get the highest grades. COURSE ATTENDANCE and PROFESSIONAL BEHAVIOR Attendance is mandatory. Being on time and prepared to do your job is a key business behavior. This is a business course and so it requires a business-like approach to attendance, fulfilling assignments, meeting deadlines, conducting respectful and professional conversations, and handing in homework. Attendance Students need to be in their seats ready to answer the roll call by the beginning of class. Each class in a business program is like a business meeting. Attendance will be taken during each session. Students who miss 4 hours of instruction in a course may have their grade lowered by one letter grade. For example, an A grade will be lowered to a B. Students who miss an additional 4 hours of instruction may have their grade lowered another full grade. For example, a B grade will be lowered to a C. 14 Students who miss 12 or more hours of instruction will fail the course. Homework and Written Assignments In the event that homework is given, it is due at the beginning of class when the instructor calls for it to be turned in. Late homework is not accepted for any reason and a grade of zero will be entered. Daily written assignments are due at the end of class when the instructor calls for it to be turned in. Late written assignments are not accepted for any reason and a grade of zero will be entered. Extra credit or make-up work is not permitted in this course. Homework and written assignments are to be completed in your own words. See section on “Academic Honesty” below. Class Participation The instructor expects students to focus on in-class exercises and lectures and make an effort to understand the point of the lecture or exercise. If the instructor finds students sleeping in class, chatting loudly with classmates, reading books from other classes, or spending class time to do something other than participating actively in what is planned for the class that day, the instructor may deduct points from the student’s final grade and/or expel the student from the class. Academic Honesty Academic honesty is very important to Keuka College. All written work must meet the standards of work for students at Keuka College, set by the faculty. Plagiarism (the use of another’s material without citation or reference) will not be tolerated. Cheating on exams or copying parts of other’s assignments will result in a ‘0’ grade for that assignment for all parties involved. That means both the person who copies from another student and the person who allows their work to be copied may receive a ‘0’ grade. Cheating on a final exam or final project can result in a student receiving an “F” for the course. The instructor may also officially notify the university that students were caught cheating and identify the names of the cheaters. Examples of cheating are: Having a tutor or friend complete all or a portion of an assignment Having any other person make revisions to a student’s final work Copying work submitted by another student Using information from online information services without proper citation Completing a test with answers other than the student’s own Using a cell phone to receive text answers during an exam 15 Using a cell phone to text a friend about the questions on an exam Writing information on a desk to use in an exam Using an electronic translator to store information for an exam Bringing notes of any sort into an exam unless authorized by the instructor Attempting to buy an exam Other efforts to use other people’s work instead of one’s own work 16 Appendix A: College Vision, Mission & Program Outcomes KEUKA COLLEGE VISION STATEMENT To be renowned as a global leader in comprehensively integrating liberal arts, digital technologies, experiential learning, and professional practice. KEUKA COLLEGE MISSION STATEMENT To create exemplary citizens and leaders to serve the nation and the world of the 21st century. We provide a transformational liberal arts-based education, strengthened by experiential learning that challenges students to develop their intellectual curiosity and to realize, with purpose and integrity, their full personal and professional potential. STATEMENT OF PROGRAM OUTCOMES On successful completion of the Keuka College B.S.M. degree a student will be able to demonstrate mastery of the following Program Outcomes: 1. Functional Components of a Business: Identify and define the functional components of a business (management, accounting, marketing, finance, human resources, and economics) and their interrelationships. 2. Critical Thinking: Demonstrate the ability to apply critical thinking and decisionmaking skills across the functional components of a business. 3. Written & Verbal Communication: Demonstrate the ability to express themselves clearly, concisely, and logically through effective oral and written communication. 4. Information Technology: Demonstrate the ability to utilize current technology to maximize managerial effectiveness in the achievement of tactical and strategic objectives. 5. Applied Business Skills: Demonstrate applied business skills in their chosen areas of concentration. This course, BUS 444 Strategic Management, addresses Program Outcomes numbered 1, 2, 3, 4 and 5 above. 17 Appendix B BUS 444 Strategic Management Project ALL STUDENTS WILL RECEIVE AN INDIVIDUAL GRADE FOR THIS PROJECT Complete this project with members of your assigned group. Analyze your assigned multinational corporation. Be sure to research all segments of the corporation’s operations, not just those in or affecting this country. Extensive research is required to complete this project. Task: Analyze your assigned corporation. Be sure to research all segments of the corporation’s operations, not just those in or affecting this country. Extensive research is required to complete this project. Organizations Organization Website American Media http://www.americanmediainc.com/ Bombardier Recreational Products Inc BRP USA http://www.brp.com/ Callaway Golf http://www.callawaygolfpreowned.com/?gcid=g100&pscid= 1718&pskid=callaway%20golf&psmtid=p&psnetid=g Daimler-Benz http://www.daimler.com/company Darden Restaurants http://www.darden.com/ Deloitte Touche Tohmatsu http://www2.deloitte.com/global/en.html Dunkin Donuts http://www.dunkindonuts.com/dunkindonuts/en.html Ford http://www.ford.ca/?searchid=google|8r2Htan2 GE http://www.ge.com/ca/ Google https://www.google.ca/about/company/ Ingersoll Rand http://company.ingersollrand.com/ircorp/en/index.html John Deere http://www.deere.com/wps/dcom/globalhome/deerecom/glo bal_home.page Limited Brands http://www.lb.com/ Macy's https://www.macysinc.com/ Norwegian Cruise Lines http://www.norwegianvoyages.com/?source=google 18 Petsmart http://phx.corporate-ir.net/phoenix.zhtml?c=93506&p=irolhomeprofile Simon Property Group http://www.simon.com/ Sirius http://www.siriusxm.ca/ Sea World Entertainment http://seaworldparks.com/ Verizon http://www.verizonwireless.com/ West Marine http://www.westmarine.com/ Products : (1) Written report (10,000 – 15,000 words of which 2,000 will be an executive summary) and (2) Oral presentation to the class. (15 minute) NOTE: The oral presentation to the class SHOULD NOT merely be the written report put into PPT format. Written Report Suggested Guidelines: (1) Written report (must contain a Cover Sheet containing (1) name of the company, and (2) names and Keuka ID numbers of each student in the group who worked on the project.) I. Executive Summary – 5 points -- 3 to 5 pages plus charts/tables (1500 - 2000 words) 1) Existing vision/mission, objectives, and strategies 2) Products/services made/sold by company 3) Competition and current market conditions 4) Recommendations by group to improve the strategies of the company II. Introduction – 20 points – 5 to 10 pages plus charts/tables (2000 – 4000 words) 1) Brief history, current performance, and objectives 2) Recommendations to improve the company’s vision/mission 3) SWOT analysis III. Business Strategy – 60 points – as many pages as needed 1) Brief introduction of this section 2) EFE and brief evaluation 3) CPM and brief evaluation 19 4) IFE and brief evaluation 5) SWOT Matrix and analysis 6) Grand Strategy Matrix and analysis 7) Quantitative Strategic Planning Matrix (QSPM) and analysis 8) Business Strategy Recommendations: a. Your recommendations b. Time-table for long-term implementation of strategies to meet objectives c. Time-table and brief discussion of short-term step-by-step actions needed to reach these objectives. IV. Financial Summary – 10 points – several pages (2,000 – 4,000 words) 1) 3-year financial statements and brief analysis of trends 2) Projected financial statement considering costs, reductions, and revenue after implementation of strategies V. Conclusion – 5 points – 1 or 2 pages (500 – 1000 words) 1) Describe the expected future results, performance, and positioning of the company if it implemented your recommendations. Oral & Video presentation (MUST contain each of the following): 15 minutes video Note: Oral & video presentation should be multi-media – i.e. not just words and charts, but photos, music, and video 1. Introduction: Introduce your group members; and introduce your company and its history, values, its existing mission and vision, and your recommendations for new vision and/or mission. 2. Scope of business: Explain the products/services sold by the company, show maps of where the company does business, and explain whether the company is planning to expand its market. 3. Competition: Discuss competitors in the market and this company’s competitive advantage or disadvantage (could show CPM). 4. Marketing: Show video and/or print ad for the company’s products/services (or, make your own original ad) 5. E-Commerce: Explain the company’s presence on the Internet (if relevant). 20 6. Summary of strategy recommendations that you made for the company in your written report (can show SWOT, EFE, IFE, possible strategies, SWOT Matrix, Grand Strategy Matrix, QSPM.) BRIEFLY explain which few key strategies you are recommending. 7. Conclusion: How will your recommendations affect the company in the future. The website, www.marketwatch.com will be a great resource for information on the organization, as will the organization’s website. The following pages show how you will be graded. 21 BUS 444 Strategic Management Term Project Content Assessment Rubric (70% of grade) This is how you will be graded on your report. Aspects to be assessed & point values Significantly short of expectation F=0 Somewhat short of expectation D=1 A. Executive Summary (5 points) Significantly short of expectation Many errors in language use and grammar Content is lacking B-D. Introduction, Performance Review & Strategic / Financial Goals (20 points) E. Business Strategy (60 points total) Significantly short of expectation Sections are missing and little evidence of research is evident Content is lacking Lists but does not discuss each section. Text is difficult to follow and a lack of analysis is evident. Significantly short of expectation Environmental Analysis (20) Competitors Analysis (10) Strategic Alternatives (5) Meets expectation C=2 Summary has main points, some language problems Content is adequate Identifies most aspects of organization performance Content is adequate Lists each of the six sections and covers the information briefly for each. Writing is not smooth and has many errors Adequate analysis but not completed or integrated Strategy Selected (5) Somewhat exceeds expectation B=3 All main points are covered but writing has errors. Good content Identifies relevant aspects of organization performance Content better than average Uses tools appropriately, describes alternatives and justifies selection. Some grammar and vocabulary problems that do not hinder comprehension Thorough analysis & exploration of alternative strategies Significantly exceeds expectation A=4 All main points are covered and language is accurate and effective Identifies and describes nuances of organization performance Content better than expected Presentation of information is clear, complete and detailed. Tools are used well, selection of alternatives is very welldeveloped. Language is smooth and without major errors in grammar or style. Competitor Reaction (5) Key Tactics (15) F. Financial summary (10 points) G. Conclusion (5 points) Significantly short of expectation Lacks data or data not consistent Includes basic data in a consistent manner Basic data and a discussion are included. Data projections are consistent Significantly short of expectation Fails to identify main points of study. Language accuracy is poor Identifies main points of the study, but language errors are numerous Identifies major points of the study, clearly and concisely with proper focus on key elements TOTAL (100 points) 22 Includes all data that is well linked to organization strategy. Data are well-integrated and internally consistent Objectively reflects on the study as well as summarizing the main points, using smooth accurate language BUS 444 Strategic Management Term Project Oral Presentation Assessment Rubric (30% of grade) This is how you will be graded on your presentation. Aspects to be assessed & point values Significantly short of expectation (F=0) Somewhat short of expectation (D=1) Meets expectation (C=2) Organization Significantly short of expectation Does not have any clear organization. Sections are clear Major sections are all presented. Audience may not be told what will be covered. Significantly short of expectation Audience has difficulty understanding due to factors such as pronunciation, rapid speech, choppy rhythm and stress, grammatical errors, overly complex sentences, or lack of emphasis and repetition of key points. Significantly short of expectation Not all group members participate in presenting. Presentation is not succinct, clearly organized and spoken loudly and clearly. Answers to audience questions do not demonstrate knowledge of topic. Audience may have some difficulty understanding some presenters due to factors such as pronunciation, rapid speech, choppy rhythm and stress, grammatical errors, overly complex sentences, or lack of emphasis of key points. Each group member presents. May read from notes or refer briefly to text. Presenters look at the audience and delivery is loud and clear enough for audience to hear. Professional attitudes are shown, when answering questions. One presenter may be dominant. (15 points) Language (20 points) Delivery (20 points) 23 Somewhat exceeds expectation (B=3) Presentation flow (specific introduction and conclusion, sequenced material within the body, and transitions) is clearly and consistently observable. Organization is communicated to audience. Most presenters have generally comprehensible pronunciation, rhythm and stress. Sentences are clear and not overly complex. Key points are repeated and given emphasis. Each group member presents. Most are comprehensible, thorough and clear. Most presenters engage the audience and field questions. One presenter may be dominant and demonstrate knowledge of the topic when fielding questions. Significantly exceeds expectation (A=4) Presentation flow (specific introduction and conclusion, sequenced material within the body, and transitions) is clearly and consistently observable. Organization is communicated to audience and includes a recap at the end. Presenters speak with good pronunciation and grammatical accuracy. Key points are repeated with emphasis, and the audience has no trouble hearing or understanding the speakers. Some speakers may interact with the audience, using humor or verbal other techniques. Each group member presents with equal professional skill. Presentation is clear, thorough, and wellrehearsed. Presenters engage audience. All are able to demonstrate knowledge of the topic when fielding questions. Supporting Materials Significantly short of expectation Content is lacking. Insufficient supporting materials. Materials may be used without citing sources. Information or analysis minimally supports the presentation. Content is adequate. Supporting materials make appropriate reference to information or analysis that supports the presentation. Some gaps may remain-not every section of the presentation has enough support. Sources are cited. Good content. Supporting materials make appropriate reference to information or analysis that generally supports each section of the presentation. Sources are cited. Significantly short of expectation Central message can be deduced, but is not explicitly stated in the presentation. Central message is basically understandable but is not often repeated and is not memorable. Central message is clear and consistent with the supporting material. (10 points) Central Message (35 points) TOTAL (100%) 24 Content better than expected. A variety of types of supporting materials (explanations, examples, illustrations, statistics, analogies, quotations from relevant authorities) make appropriate reference to information or analysis that significantly supports the presentation. Central message is compelling (precisely stated, appropriately repeated, memorable, and strongly supported.)