YORK UNIVERSITY Faculty of Liberal Arts and Professional Studies School of Administrative Studies AP/ADMS 4900 - Management Policy: Part 1 Winter 2015 – Section-P Term: Winter Day: Tuesdays Time: 11:30 – 14:30 Location: HNE 035 Course Director: Dr. Yogendra Prasad Acharya E-mail: yogen@yorku.ca Office Hours: by appointments Start Date: Tuesday, January 6, 2015 COURSE DESCRIPTION The Management Policy course is designed to expose students to the many facets of strategy which translated to why certain companies outperform their competition and gain sustainable competitive advantage. Strategy and policy identification, formulation, and evaluation are developed through lectures and case discussions. Emphasis is on the integration of Administrative Studies subject areas with which the student has previously become familiar; to provide a framework for the analysis of strategic problems of general management. COURSE OVERVIEW This course examines the strategic management process - identifying, formulating, evaluating and implementing viable business strategies. The emphasis is on issues that affect the success of the entire organization. Accordingly, we will view the enterprise as a whole, but will draw upon, and integrate into our analysis, your understanding of the various functional areas of business. It is assumed that students are interested in the challenge of strategic management and solving strategic problems. To increase your competence in this area, extensive use of the case study method is employed. This allows us to practice our business decision-making skills in simulated general management roles. To maximize the learning experience, it is essential that all students be prepared to discuss the assigned cases. In addition to learning about strategic concepts, you can expect to further develop your abilities in sizing up complex business situations and identifying core problems and issues. Through the case studies, you will have the opportunity to analyze qualitative and quantitative data, both internal and external to the firm, and assess what implications it may hold for the firm's success. You will learn to identify and evaluate existing and alternative strategies and gain the confidence to recommend specific courses of action. Finally, you will gain an understanding of the issues involved in effectively implementing a change in strategic direction, including addressing the issue of control. PREREQUISITES AND ENROLMENT POLICY: Prerequisites: 78 credits including AP/ECON 1000 3.00; AP/ECON 1010 3.00 and six credits in management science. Course credit exclusion: None. Students are personally responsible to ensure that they have the required prerequisites as stated in the course outline or in the course calendar. Students who do not have the prerequisites are at risk of being dropped from the course at any time during the course. The department will not be responsible for refunds resulting from students being dropped from a course due to a lack of the appropriate prerequisites. Should students have any questions about enrolment policy, please contact the Office of Administrative Studies (Room 282, Atkinson Building). Instructors do not handle enrolment related issues. Due to the nature of this course, permission for the late enrolment shall not be granted. REQUIRED TEXT Dess, G.G., Lumpkin, G.T., Eisner, A.B., Peridis, T., Strategic Management: Creating Competitive Advantages, Third Canadian Edition (2012) McGraw-Hill Ryerson. CASE STUDIES Students can purchase the assigned cases through the Ivy Publishing web site… https://www.iveycases.com/Default.aspx (Please order the prescribed/required cases from Ivey Publishing, Ivey School of Business. It is your responsibility to place order) Alternatively, you could purchase a used case book (Beamish P.W., Cases in Strategic Management, Tenth Edition, 2012, McGraw-Hill Ryerson). Students using a case book will have to purchase certain cases separately (1 or 2). Recommended readings: The Economist; Fortune; Harvard Business Review; Sloan Management Review; California Management Review OTHER Report on Business, Globe & Mail, National Post, Canadian Business or other source for business news (try for once per week at a minimum) FORMAT OF THE COURSE Each session is of a three-hour duration. In the early stage of the course, the role of the instructor is as an interactive lecturer to help students make sense of the material. As the time goes by, the role of the instructor will shift to facilitate/ mediate/coordinate class discussions. There are assigned chapters and a case in each session. In the first half of the session, we will mainly focus on the assigned chapters. In the second half of the session, we will focus on the cases and apply relevant theories to make sense of case situations. Moreover, this is a highly interactive course in which students are required to participate in ALL class activities and exercises. COURSE SCHEDULE Session 1 – January 6th Lecture: Course Information What is Strategic Management? Overview of the Strategic Management Process Role of the General Manager Vision Mission Strategic Objectives Policies Definitions of Strategy Strategy and Performance Text: Chapter 1 Session 2 – January 13th Lecture: Strategic Management Process/Framework Strategic Analysis/Thinking SWOT analysis, analytical models, economic scenarios Generic Competitive Strategies Competitive Advantage (sustainable/temporary) Text: Chapters 2 & 5 Case: Coral Divers Resort (Product Number: 9B08M041) Session 3 – January 20th Lecture: Environmental Analysis environments, time horizon, focus Industry Environment Porter’s five-forces model Macroenvironmental Scanning PEST analysis: issues impact Strategic Groups Competitive Rivalry analysis, action, response, outcomes Disruptive Environments Text: Chapters 2 (continued) & 8 Case: Loblaw Companies Limited (Product Number: 9B04M082) Session 4 – January 27th Lecture: Internal Environment resource based view distinctive/core competence dynamic and adaptive capabilities Value-Chain Analysis Intellectual and Social Capital, Information, Technology and Innovation The Role of Stakeholder Preferences Text: Chapter 3 and 4 Case: The Prince Edward Island Preserve Company: Turnaround (Product Number: 9B08M049) Session 5 – February 3rd Lecture: Organizational Analysis and Design structure, processes, culture Strategic Leadership Text: Case: leadership styles organizational culture Managing Change types of change, change tactics Chapters 9, 10 (pp. 273-285) & 11 (pp. 303-315) Victoria Heavy Equipment (Product Number: 9B08M037) Session 6 – February 10th Lecture: Corporate vs. business level strategy Growth strategies (modes and directions) Diversification – The multi-business firms Mergers/Acquisitions/Alliances Text: Chapter 6 Case: CIBC-Barclays (Product Number: 9B04M067) Session 7 – February 28th MID-TERM: A common mid-term exam for all sections of ADMS4900 is scheduled for Saturday, February 28, 2015 from 10 AM to 12 noon location TBA The common mid-term exam will be based on the textbook chapters assigned for sessions 1 through 6. Session 8 – March 3rd Lecture: Trade Theory Global Markets and National Advantages International Strategies Text: Chapter 7 Case: Palliser Furniture Ltd: The China Question (Product Number: 9B04M005) PRESENTATIONS Session 9 – March 10th Due: Group presentations – Groups 1, 3, 5 Session 10 – March 17th Due: Group presentations – Groups 2, 4, 6 REVIEW AND FINAL EXAM Session 11 – March 24th Lecture: Course review Case: TBA Session 12 – March 31st Final Exam: In Class - Open Book - Case Study Bring: Text Book, Case Book and Lecture Notes COURSE GRADING Mid-term Exam 25% Assignment #2 35% Participation 20% Final Exam 20% Multiple choice, short answer Group Work Ongoing Class Participation Case Study Exam MID-TERM EXAM The mid-term exam will be based on the theories, constructs and other content presented in the text book. The exam will include both multiple-choice and short-answer questions. You will be responsible for all of the assigned text readings from sessions 1 through 6 whether the material has been discussed in class or not. You are not responsible for the case studies. This will be a closed-book exam. GROUP WORK Working in groups has proven to be an effective means in accomplishing this course’s objectives. Accordingly, the class will divide itself into study groups of 5 or 6 students (names of group members are to be submitted by session 3). Groups are expected to meet regularly, review the assigned cases prior to each session and work cooperatively to complete the group presentation exercises. Group Presentation For the group presentation, you will be assigned a case that requires rigorous analysis of all factors in the strategic management process. You will be required to formulate a strategy and recommend specific implementation details. Finally, you will make a formal presentation of your recommendations. You should expect some challenging interaction. More information (if there are any) on the presentations and the assigned cases will be provided a minimum of one week prior to the respective due dates. Presentation Rubric For the session that your group is in the audience for other groups’ presentations, you will be responsible for developing a grading rubric for the assigned case. This will include a two-page rationale for why your rubric is appropriate. The rubric and rationale will be due at the beginning of the session. Individually, your group members will then use that rubric to critique the presentations. Group Grade The group grade is determined as follows: Presentation 30%, presentation rubric 5% Please note that your classmates will participate in the evaluation and grading of your group presentation. Also, group members will participate in evaluating each individual’s performance through a peer evaluation process and this will be reflected in individual students’ grades. Words for the Presenting Groups for the Second Group Presentation Your presentation can be as creative as you’d like to. In the presentation, you basically need to cover the following topics. 1. Issue identification (what are the issues) 2. Issue analysis (why those are issues) 3. Recommendations/Solutions 4. Implementation/Action Please let me know in advance if you need any equipment assistance. Words for Audience To be a good audience, you need to listen to the presentation closely and read the case material in advance. By doing so, you will find that you can learn a great deal from the presenting groups. You will be invited to ask any questions you may have. Keep in mind that your questions need to be constructive and relevant to the presentation and course materials. PARTICIPATION A high degree of participation is expected from all students. The frequency and quality of your contributions to the classroom process will determine your grade. Students who advance the discussion and add to the collective learning experience will be rewarded. To succeed here, you should have read the assigned readings from your text and must have prepared the assigned case! In addition to on-going classroom participation, 5% of the 20% participation grade will be attributed to your participation during the group presentation process (participation and critique). The quality of course is the responsibility of both the instructor and students. Class participation is essential for learning processes. Class participation is weighted 20% of your final grade. Class participation is not about attendance, but rather your contribution to class discussion. Thus, it is highly likely that students who attend the class each week without any participation record may fail this grade component. Specifically, the course puts great emphasis on discussion of the course materials. Therefore, your input is greatly appreciated. Indeed, past students have pointed out that they gained great benefits from the class participation in ADMS 4900. In order to actively participate in discussions, you are recommended to read the materials in advance. Class participation is evaluated on a regular basis. The instructor will evaluate students’ participation based on quantity and quality. Good quality participation is one that can stimulate in-depth, meaningful discussion. On the other hand, a repetitive comment or simply summary of the materials would be considered as the modest participation. If students have any difficulty in participating in discussion, they should contact the instructor as soon as possible to discuss how to help them to engage in the class discussion. Your participation is evaluated on a regular basis, including lecture and case discussion, but the emphasis is on case discussion. There are 7 sessions (starting Session 2) in which students have opportunities to participate in class discussion. In each session, each student might get points according to his/her participation in both lecture and case discussions relative to the class average. RELEVANT UNIVERSITY REGULATIONS Deferred standing may be granted to students who are unable to write their final examination at the scheduled time or to submit their outstanding course work on the last day of classes. In order to apply for deferred standing, students must complete a Deferred Standing Agreement (DSA) form and submit their request no later than five (5) business days from the date of the exam. The request must be properly submitted with supporting documentation directly to the main office of the School of Administrative Studies (282 Atkinson), NOT to the Course Director. These requests will be considered on their merit and decisions will be made available to the students by the main office in the School's web site (under the heading of 'Links'), no individualized communication will be sent by the School to the students (no letter or e-mails). The status of the DSA submitted shall be checked at: http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf Students with approved DSA will be able to write their deferred examination during the School's deferred examination period. No further extensions of deferred exams shall be granted. The format and covered content of the deferred examination may be different from that of the originally scheduled examination. The deferred exam may be closed book, cumulative and comprehensive and may include all subjects/topics of the textbook whether they have been covered in class or not. Any request for deferred standing on medical grounds must include an Attending Physician's Statement form; a “Doctor’s Note” will not be accepted. DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf Academic Honesty: The Faculty of Liberal Arts and Professional Studies considers breaches of the Senate Policy on Academic Honesty to be serious matters. Suspected breaches of academic honesty will be investigated and charges shall be laid if reasonable and probable grounds exist. Students should review the York Academic Honesty policy for themselves at: http://www.yorku.ca/secretariat/policies/document.php?document=69 Students might also wish to review the interactive on-line Tutorial for students on academic integrity, at: http://www.yorku.ca/tutorial/academic_integrity/ Grading Scheme and Feedback Policy: The grading scheme (i.e. kinds and weights of assignments, essays, exams, etc.) shall be announced, and be available in writing, within the first two weeks of class, and, under normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter or Summer Term, and 30% for ‘full year’ courses offered in the Fall/Winter Term be received by students in all courses prior to the final withdrawal date from a course. Note: Under unusual and/or unforeseeable circumstances which disrupt the academic norm, instructors are expected to provide grading schemes and academic feedback in the spirit of these regulations, as soon as possible. For more information on the Grading Scheme and Feedback Policy, please visit: http://www.yorku.ca/secretariat/policies/document.php?document=86 Reappraisals: Students may, with sufficient academic grounds, request that a final grade in a course be reappraised (which may mean the review of specific pieces of tangible work). Nonacademic grounds are not relevant for grade reappraisals; in such cases, students are advised to petition to their home Faculty. Students are normally expected to first contact the course director (within five business days from the date of grade release) to discuss the grade received and to request that their tangible work be reviewed. Tangible work may include written, graphic, digitized, modeled, video recording or audio recording formats, but not oral work. Students need to be aware that a request for a grade reappraisal may result in the original grade being raised, lowered or confirmed. For reappraisal procedures and information, please visit the Office of the Registrar site at: http://www.registrar.yorku.ca/grades/reappraisal/index.htm Accommodation Procedures: LA&PS students who have experienced a misfortune or who are too ill to attend the final examination in an ADMS course should not attempt to do so; they must pursue deferred standing. Other students should contact their home Faculty for information. For further information, please visit: http://www.registrar.yorku.ca/exams/deferred/index.htm Religious Accommodation: York University is committed to respecting the religious beliefs and practices of all members of the community, and making accommodations for observances of special significance to adherents. For more information on religious accommodation, please visit: https://w2prod.sis.yorku.ca/Apps/WebObjects/cdm.woa/wa/regobs Academic Accommodation for Students with Disabilities: The nature and extent of accommodations shall be consistent with and supportive of the integrity of the curriculum and of the academic standards of programs or courses. Provided that students have given sufficient notice about their accommodation needs, instructors shall take reasonable steps to accommodate these needs in a manner consistent with the guidelines established hereunder. For more information please visit the Disabilities Services website at: http://www.yorku.ca/cds/ York’s disabilities offices and the Registrar’s Office work in partnership to support alternate exam and test accommodation services for students with disabilities at the Keele campus. For more information on alternate exams and tests please visit http://www.yorku.ca/altexams/ NOTE: THE INSTRUCTOR RESERVES THE RIGHT TO CHANGE THE SEQUENCE OF TEXT MATERIALS AND THE ASSIGNMENT OF CASES.