Teaching Plan and Module Resources Performance, Management and Growth Aims: This module focuses on issues relating to the performance, management and growth of a business or social enterprises. Using a blend of theory and case studies, students will gain an understanding of how to evaluate the growth potential of a business and how to capture that potential. Issues such as performance (including operational implications); systems, IT and e-business; resource and people management through periods of growth, will also be explored in a range of business and social enterprise contexts. Teaching Plan: This module is delivered in form of interactive workshops (a mixture of lecture and tutorial elements). There will be 40 hours allocated to lectures, workshops/tutorials with expected selfdirected time of 160 hours, making 200 in total. Students participating in this module will be expected to contribute to workshops and presentations as required. The first part of the module will focus on the tools needed to evaluate the growth potential of an organisation. The second half of the module will focus on planning for and managing growth. To complete the module successfully, attendance at all classes is advised. Students are also expected to work independently, undertake any required background reading or practice exercises and actively participate in seminars or other small group work. Lecture Plan Session Topic 1 Introduction 2 Strategies for growth Details of Topic Module introduction and overview. Where are we now and where we aiming to be? Performance, management and growth as concepts. What is the strategy for the business - how do entrepreneurial businesses decide which strategy to adopt? Opportunities, resources and innovation. The learning organisation. Risk. 3 Stages of growth 4 Growth as an objective Six phases of growth. Tutorial discussion: Control and ownership - pluses and minuses of growing a business. Factors that impede growth; internal and external. Common strategies adopted by SME's to manage growth. Growth and organisational forms Tutorial discussion: The entrepreneurial profile and growth (Case Study - Fil Adams Mercer Parcels 2Go). 5 Researching an opportunity Tutorial discussion: How do entrepreneurs view opportunities? (Based on article: Kim, W. C. (2000) 'Knowing a Winning Business Idea When You see One'. Harvard Business Review, Sept-Oct. 2000). 6 Why research? The market and how to explore it. Sources of information Tools for evaluation and their value (e.g. Porter, PESTEL, SWOT). Strategy, do you need one? Strategic Components Internal and external consistency Deliberate or Emergent Approaches Strategy Tutorial Discussion: Case Study 'Webb-Vidal, A. (2006) 'A shot of rum turns crisis into opportunity' from Wickham, P.(p.230-232). 7 Deliberate and Emergent Strategies 8 Niche versus Broad Strategy Types of Strategy: Planned; Entrepreneurial; Ideological; Umbrella; Process. How do these relate to SMEs? Tutorial discussion: To plan or not to plan? Limits and possibilities. Reading: Mintzberg, H. and Water, J. (1985) 'Of Strategies, Deliberate and Energent'. Strategic Management Journal. Entrepreneurial Entry Strategies Competitive approaches: competitive versus product strategy Strategic Heuristics Is a niche approach always best? An alternative view. Tutorial Discussion: Class discussion based on the above. 9 Recap, lessons learned and assignment 1 review. 10 Ubuntu Case Study Youtube videos: Mark Shuttleworth in Profile; What is Ubuntu? Case Studies. Does the model work, if so how? Is it just a 'rich man's folly'? Strategically, what would you do differently? Tutorial Discussion: Agree student presentation dates for term 2. How entrepreneurs learn and how does this impact on business growth. 11 12 The Learning Organisation Opportunity Spotting, Problem Analysis and Innovation Tutorial discussion: Self-directed learning Tutorial Discussion: Self-directed learning 13 Gaining and Keeping Competitive Advantage 14 Gaining Financial Support for an opportunity 15 Playing the game 16 17 18 Why do organisations leave gaps? Strategic Windows Opportunity spotting Evaluating and Building resources What is sustainable competitive advantage - key components Models of SCA Entrepreneurial approaches Knowledge Management Tutorial Discussion: Student presentation 1 - Social Enterprise Business Models Sources of Finance How Investors select opportunities Tutorial Discussion: Student presentation 2 - Assessing customer satisfaction. How game theory can help to explain entrepreneur/investor relationships Tutorial Discussion: Student presentation 3 - Playing games - game theory explored through Poker. Reading week - Read 'Learning to Lead in and Entrepreneurial Context' Motivation; Leadership and Power Leadership in an Entrepreneurial Context Tutorial Discussion: Student presentation 4 - Sub-contracting Understanding Culture Planned Change Organisational Culture and Change Tutorial Discussion: Student presentation 5 - Culture 19 20 Intrapreneurship Intrapreneurship Tutorial Discussion: Student presentation 6 - Intrapreneurship Summary and Assignment 2 Review Assessment: There is no exam for this module, students will be expected to produce 2 written pieces of coursework, each valued at 50% of the module grade. 1) A 2000 word diagnostic report evaluating the strengths and weaknesses of an organisations operation and performance. 2) A 2000 word development plan for the organisation evaluated in assignment 1, detailing how it might effect growth and development. Students must achieve at least 35% for each element with an overall module mark of at least 40%. Late Penalties: Deadline for submissions is: All requests for extensions should be directed to the module leader. Work received up to 7 days late will be deducted 10% of the total mark. Work received between 7 and 14 days late will be deducted 20% of the total mark. After 14 days work will be graded as 0%. Students who fail to submit ANY work will NOT be entitled to a resit opportunity for this assessment. Module Resources: There is no set text for this module; a range of texts (books and articles) should be consulted. The reading and resources list details material suitable for a range of abilities and learning styles and it will be available to enrolled students via the module web. The reading list includes the following: Andriopoulos, C. and Dawson, P. (2009) Managing Change, Creativity and Innovation. London: Sage. Library Classification: 658.406AND Wickham, P. (2006) Strategic Entrepreneurship. FT prentice Hall Birley, S. and Muzyka, D. (2006) Mastering Entrepreneurship. London, FT Prentice Wilson, P. and Bates, S. (2003) The Essential Guide to Managing Small Business Growth. Chichester: Wiley. Library Classification 658.0220942WIL Plagiarism: Students are advised to consult the University Regulations* and their course handbooks regarding the penalties for and definition of plagiarism, which essentially is the deliberate and substantial insertion in your own work of material from someone else e.g. a published source such as a book or article, or simply another student’s piece of work, without acknowledging the extent or source of the quotation. *To view regulations use the University website.