East West University Dhaka, Bangladesh Department of Business Administration Course Title: Strategic Management Course Code: MGT 480 Credits: 03 Spring Semester 2009 Instructor: Jashim Uddin Senior Lecturer, EW Uni. Office: DDC 1104 (11th floor) EW Extension: 274 Office hours for consultation The primary responsibilities of the instructor are to conduct classes and letting course materials understandable to students within class duration. Solving all the problems within class duration does not sound realistic and that is the major reason to make instructor available after class hours. These additional office hours are having concentration to ‘you’ by which your academic problems can be solved. Follow the schedule below for your consultation requirements: Sunday Monday Tuesday Wednesday Thursday 11:30am - 1:15pm 08:45 am - 11:30 am, 01:30 pm - 03:00 pm 11:30am - 1:15pm 08:45 am - 11:30 am, 01:30 pm - 03:00 pm 12:00 pm – 01:30 This schedule can be changed and will be noticed if any change brought in. Origination of the course If we can have a look to a particular room from the top, we could have a clear view of maximum components and most of the movements within that room. In another way, we can say it 360° view. But human being, having the best quality brain, can not have a consistent view from the top as they can not continuously stay parallel to the ground. So, directing an organization’s activities will require some means to have most clear view of the whole environment (internal and external). Strategic Management is the learning of knowledge, skills, and procedures to have most clear view of the environment, by which intensions can better align with actions to achieve success. In any business organization, the top- level is responsible for shaping up a wining mindset among many others, aligning the mindset with capabilities, guiding the other levels of managers to achieve that mindset, and making that mindset sustain over the time period. Thus, Strategic Management is the knowledge required at the top to direct and understand resources, and enabling resources to achieve success in a sustainable manner. Course Objectives Strategic Management as a course will benefit the students from following perspectives: Understanding the value of developing a mindset for future (Vision). Developing insights about the concepts of strategic success. Abilities to understand possibilities & capabilities and to chalk out the blue print of achievement. Understanding the implications of strategic alternatives for choosing the best among them. Having the skill of analyzing real life cases to bring up the solution. Presenting your solution with confidence, that means, having the capacity to defend your view. Learning teamwork for bringing best out of the team. Analyzing news events and framing up strategic implications. Major Text Management of Strategy: Concepts and Cases, Hitt, Michael A., Ireland, R. Duane, and Hoskisson, Robert E. [H.I.H] 1st Indian Reprint 2007; Thomson South-Western. Reference Book Strategic Management: An Integrated Approach Charles W. L. Hill, Gareth R. Jones [H.J]; 6th edition; Houghton Mifflin Co. USA Students’ obligations Each student is expected to attend all the classes, complete reading assignments before arriving classes and be responsible for announcements made in the class and liable for collecting materials distributed in the class. Written assignments should be submitted within 5 pm of the due date at the office room. Acceptance of the late submission of assignments will be under the discretion of the instructor. An unauthorized late assignment submission will lead to 10% mark deduction from the obtained marks on that assignment. Each student must attend all the exams, class tests and other mark bearing activities to complete the course. Any unauthorized absence from any of the above events will automatically add 0 (zero) for that event. Study Pattern Classroom will be the core of every course related activities. Instructor will provide lecture as the basic knowledge dissemination tool. In addition to that, this course is more about enabling the students to solve real life problems with the concepts available from academics. So, this course will concentrate on participative learning process. Students must form a group in the beginning of the semester (3-5 members), which will last for the whole semester. Solving of class room cases and home assignments will be performed in group manner. Though it is a group activity, individual assessment also will be done. It is important to note that, absence in class room cases by any group member can not be compensated by the participation of other members. Case analysis will have a presentation part, because students at their matured level of business education should make the ‘presentation’ as a way of life. Students are supposed to focus more on conceptual understanding rather than memorizing. Examination questions will be framed to explore your conceptual understanding and thus concentration to the class discussions will mostly be required. Term paper topics for different groups will be given before one week of 1st mid term test, and submission date will be announced later. The presentation of term paper will be mandatory for every group with the participation of every group member. Individual and group assessment will be made on the group activities. Examination Environment East West University is very strict in maintaining desirable environment in exam halls. University authority already adopted ‘zero tolerance’ principle to check the violation of exam hall rules. Any misconduct or cheating in the exam halls can result in expulsion from the university. Marks Distribution Term 01 Term 02 Final Case Studies and Assignments Term Paper and presentation Participation in class discussion 15% 15% 30% 20% 15% 05% Grading Scale Number range 97-100 90- below 97 87- below 90 83- below 87 80- below 83 77- below 80 73- below 77 70- below 73 67- below 70 63- below 67 60- below 63 Below 60 Letter Grade A+ A AB+ B BC+ C CD+ D F Course outline Chapter Number Chapter 01 HIH’s Book Subject matter Strategic Management Chapter 02 HIH’s Book Analysis of the External Environment Chapter 03 HJ’s Book Internal Analysis: Distinctive competencies, Competitive advantage, and Profitability Major topics: The 21st century competitive landscape, The I/O model and Resource based model of above average returns, Vision and Mission, Stakeholders, Strategic Management process. Major topics: Segmenting general environment, analysis of competitive forces, Interpreting industry analyses, strategic groups, competitor analysis. Major topics: Distinctive competencies and competitive advantage, The value chain, Generic building blocks of competitive advantage, Competitive advantage and profitability, Durability of competitive advantage. Building Competitive Advantage through Functional level strategy Chapter 04 HJ’s Book Major topics: Achieving superior efficiency; achieving efficiency in manufacturing, marketing, materials management, HR, information systems. 1st Midterm (according to the university specification) Continuation in the next page Chapter Number Subject matter Chapter 04 HIH’s Book Strategy at the Business Level Chapter 05 HIH’s Book The Competitive Nature of Strategy Chapter 07 HIH’s Book Strategy at the Corporate Level Chapter 09 HIH’s Book Cooperative Strategic Management Major topics: Customers’ relationship with business level strategy, purpose of business-level strategy, types of business level strategies. Major topics: Competitor analysis, competitive rivalry, likelihood of attack, likelihood of response, competitive dynamics. Major topics: Levels of diversification, reasons for diversification, mergers and acquisitions (M&A), takeovers. Major topics: Strategic alliance, business-level cooperative strategy, corporate level cooperative strategy, competitive risks with cooperative strategies. 2nd Midterm ( according to the university specification) Chapter 11 Corporate Performance, Governance, and Business Ethics Major topics: Causes of poor performance, strategic change improving HJ’s Book performance, agency theory, governance mechanisms, ethics and strategy. Chapter 12 HJ’s Book Implementing Strategy in Companies That compete in a Single Industry Major topics: Implementing strategy through organizational structure, control and culture, restructuring and reengineering. Chapter 13 HJ’s Book Implementing Strategy in Companies That compete Across Industries and Countries Major topics: Managing corporate strategy through multidivisional structure, entry mode implementation, strategic outsourcing and network structure. Final ( according to the university specification) The course outline can be changed if required. Some deviations or changes from this schedule may occur due to unavoidable circumstances. All the best wishes & Happy Learning