BUS490A: Senior Seminar Spring 2011 Mondays and Fridays 2:00PM – 3:20PM McIntyre 107 Prof. Lynnette Claire McIntyre 108C lclaire@pugetsound.edu www.pugetsound.edu/faculty-pages/lclaire 253-879-3576 Office Hours: Tuesdays 1:00PM – 1:50PM, Thursdays 10:00AM – 11:00AM, and by appointment Resources: Strategic Management Course Pack: Selections from Strategic Management by Jay B. Barney and William S. Hesterly. Prentice Hall, 2006. Beyond Performance by Scott Keller and Colin Price. Wiley, 2011. Case Course Pack: Cases by various authors and publishers. Presentation Zen: Simple Ideas on Presentation Design and Delivery by Garr Reynolds. New Riders Press, 2008. (optional) http://moodle.pugetsound.edu (additional reading, updates, grades and more) Objectives: Learn how organizations can achieve a sustainable competitive advantage. Gain skills, knowledge and experience to help you transition from the college world to the working world. Achieving these objectives will: Integrate and enhance your previous business curriculum. Cultivate primary and secondary research skills. Enable you to analyze and develop strategies for organizations. Develop analytical and problem solving skills. Refine oral and written presentation skills. Improve team participation and management skills. Prepare you for the working world. Course Overview: Analyzing an organization’s internal and external environments and making choices that attempt to bring a competitive advantage to the organization is called strategic management. This process uses tools and knowledge that you have gained in your business courses (including this one) to provide a distinct advantage to an organization. To learn tools and theories, we will use part of a textbook by Barney and Hesterly that approaches strategy from a resource-based view of the firm, Beyond Performance by Keller and Price, cases and additional readings. A consulting project with an organization in our community will provide you with the opportunity to apply your knowledge and build your confidence in the application of your business skills. This course also provides bridges to life after Puget Sound through professional development activities and readings. 1 BUS490A: Senior Seminar, Spring 2012 Texts: Strategic Management Course Pack: Chapters 1 - 5 from Strategic Management by Barney and Hesterly. This book approaches strategic management from a strong theoretical base: the resource-based view of the firm. We will use this book to anchor our analysis of cases and client firms. Reading assignments are noted in the Course Outline. Beyond Performance by Keller and Price. This new publication utilizes data to help build stronger organizations for both current performance and long term health. Reading assignments are noted in the Course Outline. Case Course Pack. We will read, think about and discuss seven cases; they will provide examples for us to explore course concepts in more depth. These cases provide examples of the type of research you will need to do for your consulting project and a model for the case study you will write. The dates for cases are noted in the Course Outline. Articles. Additional readings are located on Moodle. See Course Outline for assignments. Presentation Zen: Simple Ideas on Presentation Design and Delivery by Garr Reynolds. This recommended, though optional, text will improve your presentations significantly. If you plan to give many presentations during your lifetime, it will definitely be worth the cost. Graded Assignments: Consulting Project (450 points) Teams and projects will be assigned during week two with input from you. All the projects involve helping local organizations with strategic management. The details of each project vary. You will work closely with the business owners/managers on this project. Confidentiality within our classroom community is required. You are expected to contact me as you need assistance. Twice during the term, you will submit individual reflections on the projects as e-mail attachments. On these same dates (see Course Outline) each group will also submit an update on their progress to me via e-mail (as an attachment). Each group will write a case study of their client organization. The case will be posted on Moodle and all students will read all cases. The case authors are responsible for leading group discussion on the day their case is discussed. The client report must be submitted to me for feedback before refining it for the client presentation. You will submit final individual reflections and peer evaluations. Projects will be graded holistically and criteria may include (but is not limited to) the quality and quantity of work, the presentation of the work to the client (written and oral), the case study and class discussion, the ability to work together as a team, the ability to work with the client, group updates, and individual reflections on the process. Peer evaluations, input from clients and professor observations may provide evidence that not all group members deserve the same grade for the project. A detailed rubric, update and reflection prompts, and peer evaluation forms are posted on Moodle. The clients determine 10% of your grade. I share my grading standards with the clients. Here they are for you: A Exceeds expectations: Professional. Work worth paying for! B Meets expectations: What was expected from a Puget Sound Senior Seminar project. C Approaching expectations: There was value added, but not as much as expected. D/F Did not meet expectations: Possibly not worth the client’s time in meeting with students. Major errors. Inappropriate behavior. Poor to very bad. 2 BUS490A: Senior Seminar, Spring 2012 Cases (160 points) Seven cases will be analyzed and discussed during the term. The cases allow you to apply the theoretical concepts and tools you are learning. You need to be prepared for each case discussion. There will be some pre-case work and some post-case work (perhaps even an opportunity to focus for discussion—sometimes called a quiz) that will be included in your grade. These 160 points are awarded for quality written preparation. Quality of case discussion is included in your Professionalism grade. You will need to demonstrate familiarity with the cases for the final exam. Professional Development (90 points) You are expected to attend at least two professional meetings during the term; you may attend one networking event and one content-based event, or two content-based events. You will write a short report on each meeting. Please attend an event that interests you! The meetings may be chosen from a list posted on a GoogleDoc or you are encouraged to find an event that interests you (please send me a short e-mail with a link to the event to ensure its suitability). Extra credit is possible for attending an extra meeting or having a follow-up meeting with someone you met at an event. You must complete one professional development report by March 9, 2012; the other by April 18, 2012. Each report is worth 35 points. By April 30, 2012, you must submit a description of a job that you would like to obtain and a current resume and cover letter suitable for that position (20 points possible). Professional Development documents may be submitted electronically or in paper format. If submitted electronically, please use the naming convention 490yourlastname prof1.doc or “prof2” or “resume” or “cover”. Final Exam (100 points) A 15-minute oral exam will be conducted during finals week with me. You will receive three questions related to course concepts and materials. After 15-minutes of preparation, you will answer the questions; I will ask clarifying questions to assess your depth of understanding. Guidelines, sample questions and a schedule will be distributed April 16, 2012. You may take your exam any day during finals week Professionalism (100 points) Senior Seminar is a course—and a bridge to the professional world. Professionalism is an encompassing term that describes a standard of behavior and action that is admirable in a given profession. The Business Dictionary defines professionalism as “meticulous adherence to undeviating courtesy, honesty, and responsibility in one’s dealings with customers and associates, plus a level of excellence that goes over and above the commercial considerations and legal requirements.” Your current profession is that of a student. And you are quickly moving forward into a new profession. The Professionalism grade will be merited by how closely you adhere to the definition above. Some specific behaviors that contribute to professionalism include being thoroughly prepared for class and meetings, actively listening, providing feedback, engaging in discussion in a manner that moves the conversation forward or expands it, inviting others into the conversation, and communicating appropriately. Professionalism is not only behavior but includes an attitude of respectfulness and honesty. I will assess your professionalism through careful observation and, if needed, through written assessments of your preparation. You will receive a mid-term professionalism grade and suggestions for improving yourself in this area. 3 BUS490A: Senior Seminar, Spring 2012 Electronic Devices and Cell Phone Policy You are encouraged to take notes in whatever form is most useful to you. However, due to the distraction potential of electronic devices (laptops, tablets, smartphones, etc.) to you and to your classmates, if you use an electronic device in class, you will be expected to demonstrate that you are using it for legitimate class purposes on a regular basis. If you are using it to surf the web, check your e-mail, etc., you will be asked to leave the classroom and to not use your electronics in class in the future. Please turn your phone off before entering the classroom. If there is a legitimate need for you to be available via phone, please talk to me before class starts. Texting in class is unacceptable. If you cannot resist the temptation of the phone, you need to check your phone in with me at the beginning of each class session. Grading: There are 900 points possible in this course. The distribution of points is as follows: Consulting Project Cases Professional Development Final Exam Preparation, Participation and Engagement 450 points 160 points 90 points 100 points 100 points 900 points Grades will be assigned based on points earned. The standard 90% (A), 80% (B), 70% (C), 60% (D) and less (F) divisions will be used. Plus and minus grades will be earned by those in the top and bottom two percentiles. Prof. Claire’s mindset: A exceeds expectations, B meets expectations, C approaches expectations, D/F do not meet expectations. Integrity, honesty and respect are expected in this class. Please refer to the section on academic honesty in the Logger Academic Handbook (http://www.ups.edu/x4718.xml) for details. Classroom Emergency Response Guidance Please review university emergency preparedness and response procedures posted at www.pugetsound.edu/emergency/. There is a link on the university home page. Familiarize yourself with hall exit doors and the designated gathering area for your class. If building evacuation becomes necessary (e.g. earthquake), meet your instructor at the designated gathering area so she can account for your presence. Then wait for further instructions. Do not return to the building or classroom until advised by a university emergency response representative. If confronted by an act of violence, be prepared to make quick decisions to protect your safety. Flee the area by running away from the source of danger if you can safely do so. If this is not possible, shelter in place by securing classroom or lab doors and windows, closing blinds, and turning off room lights. Stay low, away from doors and windows, and as close to the interior hallway walls as possible. Wait for further instructions. 4 BUS490A: Senior Seminar, Spring 2012 Course Outline: This schedule is subject to change. Wk: Day 1: Fri Date 1/23 Topic No Class Objectives Reading* Study Questions 2: Mon 1/23 Course introduction, Strategy, Forming Groups Provide course overview. Learn about consulting project clients. Understand the strategic process. Get to know everyone in the class. Provide input for me to assign consulting project groups and topics. Understand what you need to learn to develop useful strategies. Syllabus (M), Discipline of Teams (M), SM ch.1 on strategy, BP intro & ch.1, What is Strategy? (M), 2: Fri 1/27 Teams, Communication, Consulting Gain skills to be more effective in your consulting projects. Create better working relationships with client organization. Create more effective teams. Get consulting project assignments. Develop team norms. BP ch.4 p. 84-91, Masterful Consulting (M), Smart Questions (M) 3: Mon 1/30 Case discussion Learn how to read a case. Apply strategic planning and management tools to an organization. SM appendix on cases, NFTE case What do you value most in group members? What strengths and weaknesses do you bring to a team effort? Pay particular attention to “Building Team Performance” in the reading. What is a strategy? Why is it important? What is competitive advantage? What is organizational performance? Health? How do you figure out what a firm does/does not do well? How do you learn about its environment? What mindset are you approaching this project with? How might you adjust it? How do you speak with others? How do you communicate in written form? How can you improve? Why do you think the “Principles of Conduct” in Masterful Consulting are or are not important? What do you think is important? What team norms would you like to have? How can you best prepare for case discussion? Complete case preparation. *Reading assignments should be completed before class on the date listed. SM = Strategic Management course packet BP = Beyond Performance case = case packet M = Moodle **Unless noted, assignment are due by the start of class. P = paper copy E = electronic copy Items in Garamond 5 Due** Notes Prof. Claire out of town Please make an extra effort to be in class today Develop team norms. NFTE case prep (P). Make contact with your client this week. Do your homework on your client. Please note class will begin at 2:15 today. italics relate to the Timeline for the strategic consulting project. BUS490A: Senior Seminar, Spring 2012 Wk: Day 3: Fri Date 2/3 Topic External environment 4: Mon 2/6 External environment 4: Wed 4: Fri 2/8 8am 2/10 Consulting Project Secondary research, Primary research, Local resources 5: Mon 2/13 Internal Environment 5: Fri 2/17 Internal Environment Objectives Learn tools to understand the general and task environments. Gain a better understanding of Porter’s five forces. Learn to analyze an organization’s external environment. Apply Porter’s five forces analysis to organizations. Understand how the external environment influences strategy. Reading* SM ch. 2 on external environment Study Questions Why is the general environment important for strategy creation? How does a Porter’s five forces analysis help us make strategy? Due** NFTE case follow-up (P). City’s Desert case Complete case preparation. City’s Desert case prep (P). Notes Meet with client. Clarify. Research internal and external environments. Learn how to find data from which to build strategies. Learn how to fill data holes. Gain skills to conduct primary research. BP ch. 2 p.25-38 and ch.4 p.91107 Understand the resourcebased view of the firm. Identify resources. Learn to apply the VRIO framework. Learn what sorts of resources confer sustained competitive advantage. Refine your ability to do a SWOT analysis. Learn how to analyze the internal environment. Understand how the internal environment influences strategy. SM ch. 3 on internal environment, BP ch. 3 (all) and ch.4 p.77-84 Make Green Delicious case How will you gather information on the practices that underpin organizational health for your client? How will you learn about your client’s (or customers’) mindset? What do you know and what do you still need to know for your consulting project? What are your client’s most valuable resources and capabilities? Think about how the questions of the VRIO framework (Table 3.1) may be applied to resources in your client firm. Which archetype is (or could be) your client? Review your knowledge of SWOT analysis. Complete case preparation. *Reading assignments should be completed before class on the date listed. SM = Strategic Management course packet BP = Beyond Performance case = case packet M = Moodle **Unless noted, assignment are due by the start of class. P = paper copy E = electronic copy Items in Garamond 2 Reflection1(E). Update 1 (E). City’s Desert follow-up (P). Research! Write your case. Ask for client feedback. Make Green Delicious case prep (P). italics relate to the Timeline for the strategic consulting project. BUS490A: Senior Seminar, Spring 2012 Wk: Day 6: Sun 6: Mon Date 2/19 9pm 2/20 Topic Objectives Case writing, Presentations Learn to write a short business case. Learn to present more effectively. Identify the key issue(s) your team wants input on. 6: Fri 2/24 Problem Solving 7: Mon 2/27 Class cases 7: Fri 3/2 8: Mon 3/5 8: Fri 3/9 8: Fri 3/9 Spring Break 9: Mon 3/103/18 3/19 Professional Developmnt Spring Break Cost leadership We will use this time to solve problems that have arisen with your projects. Learn about other projects. Think critically. Provide constructive input for colleagues. Reading* Pres. Zen viewing Sample cases from previous seminars (M), view Presentation Zen on reserve at the library (or 2/19 at 9pm) Study Questions Due** What are the fundamental components of cases we’ve read? What are the best/worst presentations you’ve attended? Why? Make Green follow-up (P). Classgenerated cases (M) Notes Battin Lounge – w/snacks&drinks Research! Begin writing your case. Case must be posted 48 hours before class discussion. Research. Think. Write your case. Provide/use feedback. Develop a range of solutions. Prof. Dev. Report 1 (P or E) No class Differentiate between business and corporate level strategies. Understand cost leadership strategy &its sources. Understand the benefits & risks of cost leadership. Enjoy your break SM ch.4 on cost leadership, BP ch.5 p.109-116, Galanz case What is a cost leadership strategy? What are the sources of cost leadership? Complete case preparation. *Reading assignments should be completed before class on the date listed. SM = Strategic Management course packet BP = Beyond Performance case = case packet M = Moodle **Unless noted, assignment are due by the start of class. P = paper copy E = electronic copy Items in Garamond 3 Galanz case prep (P). Develop, prioritize and refine solutions. italics relate to the Timeline for the strategic consulting project. BUS490A: Senior Seminar, Spring 2012 Wk: Day 9: Wed 9: Fri Date 3/21 8am 3/23 Topic Consulting Project Differentiation, Focus strategy 10: Mon 3/26 Differentiation Objectives Reading* Study Questions Understand sources of differentiation. Understand how differentiation fits in the VRIO framework. Understand the focus strategy. Examine the differentiation strategy. SM ch. 5 on differentiation What is differentiation? What are the sources of differentiation? How could your client organization differentiate its product/service? IMAX case Complete case preparation. Due** Reflection2(E). Update 2 (E). Notes IMAX Case Prep (P). Refine strategies. Schedule final presentation 10: Fri 3/30 Strategy execution Understand how to execute a strategy effectively BP ch. 5 p.128-153 and ch.6 p.162-173 11: Mon 4/2 Strategy execution Refine your understanding of strategy execution. Enchanting Travels case 11: Fri 4/6 Report writing, Presentations Think critically about what you need to include in your client report. Develop an outline for your client report. Learn to make interesting, focused presentations. BP ch. 5 p.116-128, Five Quick Ways (M), 490 Project Rubric(M) 12: Mon 4/9 Assessment Learn ways to assess a strategy. Gain tools to help your clients assess the strategy you develop. Evaluate Dr. C. BP ch. 6 p.173-176, Balanced Scorecard (M) 12: Wed 4/11 8am Consulting Project How can firms effectively execute strategy? Why is it difficult to execute strategy? What levers do you have to influence execution? Complete case preparation. What does the client need to know? What do you need to demonstrate mastery of for Dr. C.? How can you best communicate in written form? How can you make your communication of your findings and recommendations compelling? How will you design measurements in the four dimensions? How might you use the balanced scorecard with your client firm? How else might your client assess progress? ET CasePrep(P) Develop executable strategies. Write your final report. Write your final report. Plan your presentation. Draft report (E) *Reading assignments should be completed before class on the date listed. SM = Strategic Management course packet BP = Beyond Performance case = case packet M = Moodle **Unless noted, assignment are due by the start of class. P = paper copy E = electronic copy Items in Garamond 4 italics relate to the Timeline for the strategic consulting project. BUS490A: Senior Seminar, Spring 2012 Wk: Day 12: Fri Date 4/13 Topic Assessment 13: Mon 4/16 Strategic Tools and Approaches 13: Wed 4/18 13: Fri 4/20 Professional Developmnt Leadership 14: Mon 4/30 Sharing your Work 14: Thurs & Fri Finals 5/3 & 5/4 5/75/11 Reading Period Final Exam Objectives Gain insights into assessment through its application to an organization. Learn other approaches to strategy. Practice with new tools such as simple rules, McKinsey 7S and scenario planning. Reading* Boston Lyric Opera case Study Questions Complete case preparation Strategy as Simple Rules (M), Adaptabiity (M) How can simple rules substitute for strategy? What other models for strategy creation have you learned about? Due** BLO Case Prep (P) Notes Refine your final report and presentation. Present to client. Final exam guidelines distributed. Prof Dev Report 2 (P/E) Discuss the challenges of leadership positions. Discuss leaders who you want to follow and who you want to be as a leader. Envision a path to your goals. Share and learn about the variety of strategic consulting projects you worked on this term. BP ch.7 p.182-200, Becoming a Boss (M), In Praise of the Incomplete Leader (M) What might your leadership journey look like? What challenges might you face in your first supervisory role? What type of leader do you like to follow? What type of leader do you aspire to be? Be prepared to share your project with your classmates. Resume and Cover Letter (P or E). Final client presentation must be completed by class time. Last day of class Reading Period Demonstrate mastery of the course concepts and material. Schedule your final exam individually on any day during the week. Final consulting report (P) is due at time of final presentation: One copy for Dr. C., one for the client. Electronic copy of report due by the last day of class. Final reflection (P) and peer eval (P/E) should be written no sooner than two days after your final presentation. They must be received by the end of finals week. *Reading assignments should be completed before class on the date listed. SM = Strategic Management course packet BP = Beyond Performance case = case packet M = Moodle **Unless noted, assignment are due by the start of class. P = paper copy E = electronic copy Items in Garamond 5 italics relate to the Timeline for the strategic consulting project.