University of Illinois at Urbana-Champaign School of Labor and Employment Relations Fall 2015

Transcription

1 University of Illinois at Urbana-Champaign School of Labor and Employment Relations Fall 2015 Course: Instructor: LER 590EO: Strategic Human Resource Management and the Entrepreneurial Firm Ariel Avgar, Associate Professor at LER Schedule: Thursday, 2:00pm- 4:50pm., LER 47 Office Hours: Contact Info: Thursday, 12:30-1:30pm, and by appointment Office: 247D LER Building/ Tel: / Course Purpose and Description Entrepreneurial firms are a powerful and growing economic force in the United States and in other developed countries. Many of the characteristics of the entrepreneurial firm, including the way they manage their employees, are unique and depart from conventional organizational and managerial models. Despite the central role played by employees in these firms, entrepreneurial firms tend to be less sophisticated in their deployment of human resource practices and systems. Nevertheless, many of the issues governed by a human resource system, such as recruitment and retention, are of crucial significance for these organizations and need to be addressed. Furthermore, as entrepreneurial firms grow and become more established, they are faced with the need to institutionalize a human resource function and eventually a system. Interestingly, despite the centrality of human capital management in entrepreneurial firms, throughout their life cycle, this area has received relatively little attention in theory or in practice. This course will apply strategic human resource management principles and practices to entrepreneurial firms throughout their various developmental stages. Employing class lectures, case analysis, and guest speakers, the course will provide students with a foundation in strategic human resource management, entrepreneurship, and the intersect between these two areas of study. The course will also provide students with an understanding of human resource considerations and needs in entrepreneurial firms. In doing so, the course will illustrate the important strategic role of human resource management and its potential contribution to the sustainability and competitive advantage of these dynamic and important organizations. 1

2 Reading Material Used in the Course 1. Judith W. Tansky and Robert L. Heneman (Eds), Human Resource Strategies for the High Growth Entrepreneurial Firm (Greenwich, Connecticut: Information Age Publishing, 2006). 2. Articles and chapters assigned bellow will be available in a course packet sold at the University bookstore. Code of Academic Integrity The University of Illinois Academic Integrity-All Students policy in the Code of Policies and Regulations Applying to all Students applies to this course and will be strictly enforced. Adhering to the highest academic integrity standards is expected from all students in this course. Violations of academic integrity will result in appropriate penalties. Requirements 1. In addition to the required reading assignments, there will be a midterm examination, a final examination, and a group project. Final grades will be determined on the basis of the following weights: Midterm examination Group project Participation Final Exam 30 points 25 points 15 points 30 points 2. Participation. Students will receive a participation score for each class. Each class is worth 1 participation point. Half of the participation points will be allotted for attendance and half of the participation points will be allotted for in class discussions and preparation. The instructor will assess student preparation using quizzes and in-class questions and discussions. Students who arrive late to class will lose half of their class participation points. 3. Group project. Each student will also participate in a group project involving the development of an entrepreneurial human resource management initiative. Group projects will be presented on the last day of class and will represent 25% of the final grade. Details regarding this project as well as the specific assignment instructions will be handed out in class. 2

3 Course Grades 1. Calculation of course grades will be based on the following distribution: Grade Points A A A B B B C C ) Final grades will be based on each student s total points in the class. Grades will NOT be based on a curve. 3) Class participation can raise the final grade by up to half a grade at the discretion of the instructor. Details of these requirements and grading procedures will be discussed in class. Laptop and cell phone policy The use of laptops and cell phones in class is not allowed. Students who us a cell phone or other electronic devices during class will lose half of their class participation points. 3

4 CLASS SCHEDULE: SUBJECTS AND ASSIGNMENTS DATE SUBJECT ASSIGNMENT Aug. 27 Sep. 3 Sep. 10 INTRODUCTION AND COURSE OVERVIEW 1) General concepts and definitions a) Entrepreneurship b) Strategy 2) In class exercise STRATEGIC HUMAN RESOURCE MANAGEMENT 1) Introduction to SHRM 2) The resource base view of the firm Visit to the Research Park Sep. 17 STRATEGIC HUMAN RESOURCE MANAGEMENT Case #1 1) SHRM models and concepts a) Horizontal and hierarchical fit b) High performance work systems c) Universalistic, contingency, and configurational approaches 2) SHRM and organizational performance 3) Case analysis and discussion Sep. 24 ENTREPRENEURSHIP Case #2 1) Introduction to entrepreneurship 2) Theories of entrepreneurship 3) Case analysis and discussion Oct. 1 ENTREPRENEURSHIP Case #3 1) The entrepreneurial organization: Central characteristics 2) Stages and life cycle of the entrepreneurial firm 3) Case analysis and discussion Oct. 8 Meetings with Companies 4

5 DATE SUBJECT ASSIGNMENT Oct. 15 SHRM IN ENTREPRENEURIAL FIRMS Case #4 1) Basic principles and assumptions 2) Strategic models for HR in entrepreneurial firms 3) Case discussion and analysis Oct. 22 SHRM IN ENTREPRENEURIAL FIRMS 1) Becoming an employer: HR considerations 2) Recruitment, selection and staffing Oct. 29 SHRM IN ENTREPRENEURIAL FIRMS Case #5 1) Performance management 2) Training and development 3) Compensation Nov. 5 Nov. 12 Guest lecture: Stephen Pacicco, CEO E-Health Solutions SHRM IN ENTREPRENEURIAL FIRMS SHRM and the growth of entrepreneurial firms. Legal and regulatory considerations in entrepreneurial firms Nov. 19 INTRAPRENEURSHIP Case #6 Applying SHRM and entrepreneurship lessons to large firms. Dec. 3 SUMMARY AND CONCLUSION Group projects 5

6 CLASS SCHEDULE: READING AND CASE ASSIGNMENTS (Additional readings will be handed out in class) I. INTRODUCTION AND COURSE OVERVIEW August 27 a) Required Readings Michael E. Porter. (1996) What is Strategy? Harvard Business Review. November/December. II. STRATEGIC HUMAN RESOURCE MANAGEMENT 1. September 3 1. Boris Groysberg, Andrew N. McLean, and Cate Reavis. (2006). Delivering Strategic Human Resource Management. Harvard Business School. 2. Christopher A. Bartlett and Sumantra Ghoshal (2002). Building Competitive Advantage through People. Sloan Management Review 43 (2): Patrick M. Wright and Gary McMahan (1992). Theoretical Perspectives for Strategic Human Resource Management. Journal of Management 18(2): September 10: Visit to Research Park-- Take home midterm handed out 3. September Patrick M. Wright, Dennis L. Smart, and Gary McMahan (1995). Matches between Human Resources and Strategy among NCAA Basketball Teams. Academy of Management Journal 38(4): Mark A. Huselid (1998). The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance. In Strategic Human Resource Management: A Reader, (Christopher Mabey, Graeme Salaman, and John Storey editors). Chapter 7 (pp ). b) Case Assignment Michael Overdorf and Clayton Christensen (2000). Lockheed Martin: The Employer of Choice Mission. Harvard Business School (case # ). 6

7 III. ENTREPRENEURSHIP 1. September Elizabeth Chell (2008). The Nascent Entrepreneur, Business Development and the Role of Human Resources. In the International Handbook of Entrepreneurship and SHRM (Rowena Barrett and Susan Mayson editors). Chapter 2 (pp ). 2. Manfred F.R. Kets de Vries (1985). The Dark Side of Entrepreneurship. Harvard Business Review. November-December: Andreas Rauch and Michael Frese (2006). Born to Be an Entrepreneur? Revisiting the Personality Approach to Entrepreneurship. In The Psychology of Entrepreneurship (J. Robert Baum, Michael Frese and Robert Baron editors). Chapter 3 (pp ). b) Case Assignments: 1. Saras D. Sarasvathy (2006). New Venture Performance. Darden Business Publishing: University of Virginia (case # UV0811). 2. October 1 2. Thomas Eisenman, Eric Ries, and Sarah Dillard. (2013) Hypothesis-Driven Entrepreneurship: The Lean Startup. Harvard Business School (case # ). 1. Amar Bhide (1994). How Entrepreneurs Craft Strategies that Work. Harvard Business Review March April: Robert A. Baron (2006). Entrepreneurship: A Process Perspective. In The Psychology of Entrepreneurship (J. Robert Baum, Michael Frese and Robert Baron editors). Chapter 2 (pp ). 3. Homa Bahrami (1998). The Emerging Flexible Organization: Perspectives from Silicon Valley. In Strategic Human Resource Management: A Reader, (Christopher Mabey, Graeme Salaman, and John Storey editors). Chapter 12. b) Case Assignment: Arar Han and William P. Barnett. (2012). Facebook. Stanford Graduate School of Business (case# E-468). 3. October 8: Meeting with Project Companies-- Take home midterm due 7

8 IV. SHRM IN ENTREPRENEURIAL FIRMS 1. October Sharon A. Alvarez and Janice C. Molloy (2006). Why Human Resource Management Differs in Entrepreneurial Firms. In Human Resource Strategies for the High Growth Entrepreneurial Firm (Judith W. Tansky and Robert L. Heneman editors). Chapter 1 (pp. 1-12). 2. Roshni M. Goswami, Gary C. McMahan, and Patrick M. Wright (2006). Toward an Understanding of Strategic Human Resource Management in Entrepreneurial Firms: Opportunities for Research and Action. In Human Resource Strategies for the High Growth Entrepreneurial Firm (Judith W. Tansky and Robert L. Heneman editors). Chapter 2 (pp ). 3. Nicolas Bacon, Peter Ackers, John Story, and David Coates (1998). It s a Small World: Managing Human Resources in Small Businesses In Strategic Human Resource Management: A Reader, (Christopher Mabey, Graeme Salaman, and John Storey editors). Chapter 16 ( ). 4. Melissa S. Cardon and Christopher E. Stevens (2004). Managing Human Resources in Small Organizations: What Do We Know? Human Resource Management Review 14: b) Case assignment: Joddy Hoffer Gittell and Charles O Reilly (2001). JetBlue Airways: Starting from Scratch. Harvard Business School (case # ) 2. October 22: Material for the guest lecture will be distributed in class on October October 29 Required Readings: 1. Cinzia Dal Zotto and Veronica Gustafsson (2008). Human Resource Management as an Entrepreneurial Tool? In the International Handbook of Entrepreneurship and SHRM (Rowena Barrett and Susan Mayson editors). Chapter 5 (pp ). 2. Melissa S. Cardon and Paul Tolchinsky (2006). To Hire or Not To Hire? Implications for Staffing Models for Emerging Organizations. In Human Resource Strategies for the High Growth Entrepreneurial Firm (Judith W. Tansky and Robert L. Heneman editors). Chapter 4 (pp ). 8

9 3. D. Brent Smith and Marcus W. Dickson (2003). Staffing the Dynamic Organization: Rethinking Selection and Motivation in the Context of Continuous Change. In Leading and Managing People in the Dynamic Organization (Randall S. Peterson and Elizabeth A. Mannix editors). Chapter 3 (pp ). 4. November 5 Required Readings: 1. Scott Taylor (2008). Training and Development: Practices, Definitions and Desires. In the International Handbook of Entrepreneurship and SHRM (Rowena Barrett and Susan Mayson editors). Chapter 22 (pp ). 2. Robert L. Cardy and Janice S. Miller (2006). Performance Management in Small and High Growth Companies In Human Resource Strategies for the High Growth Entrepreneurial Firm (Judith W. Tansky and Robert L. Heneman editors). Chapter 6 (pp ). 3. David Balkin and Michele Swift (2006). Compensation Strategy in New Ventures. In Human Resource Strategies for the High Growth Entrepreneurial Firm (Judith W. Tansky and Robert L. Heneman editors). Chapter 7 (pp ). b) Case assignment: David Hoyt and Hayagreeva Rao (2006). Rite-Solution: Mavericks Unleashing the Quiet Genius of Employees. Stanford Graduate School of Business (case# HR-27) 5. November 12: Readings distributed in class. 9

10 V. INTRAPRENEURSHIP 1. November Robert C. Wolcott and Michael Lippitz (2007). The Four Models of Corporate Entrepreneurship. MIT Sloan Management Review Fall: David A. Garvin and Lynne Levesque (2006). Meeting the Challenge of Corporate Entrepreneurship. Harvard Business Review October: G. Tom Lumpkin (2006). Intrpraneurship and Innovation. In The Psychology of Entrepreneurship (J. Robert Baum, Michael Frese and Robert Baron editors). Chapter 11 (pp ). b) Case assignment: Thomas R. Eisenmann, Smita Sebastien Briens, and Shailendra Singh (2011). Google Inc. Harvard Business School (case# ) VI. SUMMARY AND CONCLUSION December 3 Group Presentations. No Readings 10