Advanced Management Practices MBA 610 Syllabus for Fall semester SCOB - Robinson

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1 Advanced Management Practices MBA 610 Syllabus for Fall semester SCOB - Robinson Excerpt from online catalog: Advanced coverage of three essential management practices required for long-term business success: problem identification and decision-making, strategic thinking, and organizational change. Global business and ethical issues will also be discussed. Instructor: David F. Robinson, Ph. D. Associate Professor of Management Contact: 607 College of Business Learning objectives david.robinson@indstate.edu (this is the best option, include a phone number in your message and I can call you back or text if you like) mobile (call or text, please identify your course) 1. Students will be able to communicate using strategic management concepts and terminology. 2. Students will be able to express the major theories and frameworks underlying business strategy. 3. Students will demonstrate their ability to apply the basic strategy models to business situations. 4. Students will understand basic business decision concepts and problems with human decision-making processes. 5. Students will be able to use decision-making techniques to help them evaluate an organization s strategic situation and evaluate the effectiveness of strategic actions. 6. Students will be able to formulate solutions to organizational challenges and design techniques for effective implementation. 7. Students will demonstrate understanding of the difficulties of creating change in organizations and develop methods for effective change implementation. Course Method This course will include primarily in-class discussion and exercises based on readings and cases to be assigned. Students will often be asked to bring their creative ideas to solve problems and role-play situations. Students will also present material to the class as requested. Expectations You are expected to be actively involved in the class, abide by all university academic honesty policies, and support the learning of your fellow students. Citation of work by others is required. Within the body of your work please use last name of the first author and year published (Robinson, 2007) for example. Include the page number if you are citing a book. Bibliography should be in APA style. Style guides are available online (Purdue has a good website). We will also follow the College of Business style guide for some assignments. 1

2 Cell phones, internet surfing, texting are to be avoided except during class breaks or if you are in a situation where a person s health or safety could be compromised. Please discuss the situation with me before class begins if you feel that you must be able to respond to your cell phone in class. Grading Contribution to class activities (my opinion of your contribution) 20% Assignments/projects (in-class exercises, homework, case questions) 10% Peer evaluations (team-based exercises/projects) 5% Mid-term Exam (in-class exam) up to 25% Project (possible) up to 25% Final Exam (take home and in-class components) up to 40% Note: It is possible that we may do an online collaboration with a number of universities or some other live project or opportunity in which case and other grading allocations may change. Materials Bazerman, Max Judgment in Managerial Decision Making, 6 th edition. I have chosen the 6 th edition because it was updated in 2005 and is widely available in used paperback form. Wiley; 6 edition (March 18, 2005) ISBN-10: ISBN-13: Nudge: Improving Decisions About Health, Wealth and Happiness. Richard H. Thaler and Cass R. Sunstein (Paperback Feb 24, 2009). Penguin. ISBN 13: Ebook Advanced Management Practice available from McGraw-Hill Create. Various journal articles, book reserves, current news articles, and cases as required. Key dates: See the attached schedule A final note: Changes to the syllabus, the course policies and course content often occur due to changing circumstances and priorities. While I will work to keep those changes to a minimum, I will not compromise the quality of the class due to items detailed in the syllabus so be prepared for the possibility of changes as we go 2

3 MBA 610 Tentative Schedule of Activities - Fall Robinson SCB Chapters (strategy text TSG, Bazerman decisionmaking) Cases TSG, Harvard; "Nudge" chapters Readings 29-Aug 5-Sep 12-Sep 19-Sep Introduction to decision-making and strategy Labor Day - No class Thompson, Strickland and Gamble (TSG): Chapter 1: What Is Strategy and Why Is It Important? Chapter 2: Leading the Process of Crafting and Executing Strategy Chapter 3: Evaluating a Company s External Environment TSG: Robin Hood and case analysis TSG: Whole Foods Market in 2008: Vision, core values and strategy Strategy readings - classics Motorcycle Industry 1975 and Honda - Pascale reading 26-Sep 3-Oct 10-Oct 17-Oct Chapter 4: Evaluating a Company s Resources and Competitive Position Chapter 5: Five Generic Competitive Strategies Chapter 6: Supplementing the Chosen Competitive Strategy: Other Important Strategy Choices Chapter 7: Strategies for Competing in Foreign Mkts. Chapter 8: Diversification: Strategies for Managing a Group of Businesses Chapter 9: Ethical Business Strategies, Social Responsibility, and Environmental Sustainability TSG: Competition in the movie rental industry in 2008: Netflix and Blockbuster battle for market leadership TSG: Panera Bread Company Exam preview 24-Oct Exam 1 3

4 31-Oct Bazerman 1. Introduction of managerial decisionmaking; 2. Common Biases Harvard: Philips vs Matsushita 7-Nov 14-Nov 21-Nov Bazerman: 3. Framing and reversal of preferences; 4. Motivational and affective influences on decisionmaking Bazerman: 5. The nonrational escalation of commitment; 6. Fairness in decisionmaking Bazerman: Bounded ethicality (portion); Bounded Awareness Nudge: Introduction; Humans and Econs Nudge: Money; Health; Freedom Harvard: Newell Rubbermaid Harvard: Cola Wars 2009 update; Cola Wars go Harvard: Keurig and/or Keurig updated Home version 28-Nov Bazerman: Improving Decision-making Nudge: Extensions and objections 5-Dec Wrap up Nudge/Decision making IDEO creativity articles 12-Dec Course review presentations Final exam 7pm to 9pm 4

5 610 Icebreaker Work on this individually, then discuss this in your team, then tell the class your answers, respond to any questions or comments. Consider the decisions you have made in your life, what was one of the most difficult decisions you have had to make? What did you decide to do? What persuaded you to decide the way you did? Was your decision a good one? Why or why not? Once you have all made some notes, introduce yourself to the team give them your name, where you are from, and what work you do currently or in the recent past. What do you hope to do with your MBA? Discuss your answers to the above questions and participate in the class discussion 5