copyright ©2013 pearson education, inc. publishing as prentice hall 1 bus 411 day 16
TRANSCRIPT
Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall
1
BUS 411
DAY 16
Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall
Agenda
Questions? Assignment 5 Corrected
3 A’s, 3 B’s, 3 C’s and 2 D’s
Assignment 6 posted (last one) Due March 26 (29?) Assignment 6.pdf
Midterm will Take Home, Available March 26 @ 12:30 PM due March 29 @ 5 PM
Discussion on How to present a case study Finalize Group and case assignments. Group Work
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Pre Break Timeline
March 19 Chapter 11 Global Issues
March 22 How to Prepare and Present a Case Study Team Formation & Case Assignments
March 26 -> no class…midterm assigned March 29
Example Case Netflix presentation by Tony
After Break Student case study presentations
2-3
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Mid-term
This is your midterm exam and it includes 20 short essays from the first 11 chapters of the text. You can use your book, notes, and class PowerPoint's to complete this exam. While you can use the Internet and Google also, but I would caution about the quality of the answers you may find. The correct answers for these questions are straight from the textbook and the textbook will be the only reference used for grading the exam. You may not seek help from any other person to complete this exam. This exam will time out on Friday, March 29 @ 5 PM. Any questions answered after that time will not count. You can work at this exam in several intervals if you save your questions and DO NOT submit the exam. Submit the exam only when you have completed the exam and checked to see that all questions are answered and saved.
2-4
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Strategy management
The real key to effective strategic management is to accept the premise that the planning process is more important than the written plan, that the manager is continuously planning and does stop planning when the written plan is finished. The written plan is only a snapshot as of the moment it is approved. If the manager is not planning on a continuous basis --- planning, measuring, and revising – the written plan can become obsolete the day it is finished. This obsolescence becomes more of a certainty as the increasingly rapid rate of change makes the business environment more uncertain.
--- Dale McConkey
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What is a case study?
Describes a firms situation at some point in time All of these case studies are 2011 Analysis must reflect the correct time period
• End of fiscal year 2010 data You have the benefit of hindsight
Contains mostly fact with some opinion Puts the reader on the scene
Allows learning by doing
The job to create a 3-year strategic plan for 3 years after the case (2011-2014)
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Preparing Cases Analysis
Need for Practicality Cases are incomplete Make reasonable assumptions and DOCUMENT your assumptions
Need for Justification Support your decisions
Need for Realism Be realistic
Need for Specificity What, why, when, how, where and who Business people (and business professors) dislike generalities and
vagueness Need for Originality
Be original…there is no perfect answer If it were that easy everyone could do it!
Need to Contribute teamwork
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Case method
Student centered approach – discussion oriented What would you do? Why would you do it? When would you do it? How would you do it?
Role of professor and other students is to cross examine presenters
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Class Discussion
Read the case Take notes
• SWOT Analysis • Make recommendations
Conduct Research The better you are at research the easier the analysis
goes Prepare PowerPoint and presentation
Example PowerPoint Wendys.ppt Get ready for Cross-Examination
Peers • Everyone should read all the cases!
Instructor
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Some question you should be able to answer
What are the firm most important external opportunities and threats? Strengths ands weakness?
How would you describe their financial condition? What are the existing strategies and objectives? Who are the competitors and what are their strategies? What objectives and strategies do you recommend?
Explain your reasoning How does this differ from what they are doing?
How do implement the recommendations? What problems do you foresee in implementation?
How will you evaluate progress towards your recommendations?
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Steps in Preparing Oral Case studySee page 360-369
Identify Mission, Vision, Objectives, Strategies
Develop New Vision and Mission Most are poor
Identify internal strengths and weaknesses IFE Financial ratios Product Positioning Org Chart
Identify external opportunities and threats Industry trends CPM EFE
Analyze SWOT Matrix SPACE BCG IE matrix Grand Strategy Matrix Matrix Analysis Summary
Give advantage and disadvantages of alternative strategies QSPM
Recommend Strategies and long range objectives Show cost
Specify how strategies are to be implemented and what results to expect EPS/EBIT Projected financials & new ratios Timetable or agenda for actions
Recommend specific annual objectives (goal) and polices
Recommend procedures for evaluation Balanced scorecard
Be Original – Take chances Remember business rewards risk taking
Be ready for Cross-examination
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Making the presentation
Organize with PowerPoints and graphics http://www.youtube.com/watch?v=lpvgfmEU2Ck Give overview Inform the audience if it is a team presentation
• Who does what Control your voice Manage Body language Do not read your notes or the power points-be fluid Use lots of visuals Be enthusiastic! Answer questions at the end
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Case study Scenario
You are a team of consultants presenting a Strategic plan to the board of directors of the company. 40-50 mins (you will be timed) ! You need to convince that board that you know what you
are doing Whatever you recommend should be the preferred course
of action for the company in question for the next 3 years Expect tough questions…be ready with answers Don’t propose something that has already been tried
unless you know that it was a implementation problem and not a strategic one
Don’t BS.. you will get exposed
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Tips for success
Content tips http://www.strategyclub.com/ Use S&P Industry survey
Process tips Divide the work Cover all bases Attempt to uncover flaws in your analysis
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Research Tips
Your best resources are the UMFK Digital Databases Business Insights: Essentials Business source Complete Newspapers (proquest) Value Line research center Wall Street Journal Academic Search Premier Census gateway Econlite Fed in print
Other resources http://www.sec.gov/edgar.shtml http://finance.yahoo.com/ http://money.cnn.com/ http://moneycentral.msn.com/home.asp Investor relations web site for the company associated with the case study http://www.isc.hbs.edu/
Bad resources Web searches Friends and colleagues Tonyg.umfk.maine.edu
Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall
Case Presentation AnalysisCompany: Date:
Presenting Team Members:
Place comments after each rating. Ratings (circle the appropriate numbers).
CONTENT Poor Below Average
Average AboveAverage
Superior
1. Mission and Vision Statement 1 2 3 4 5
2. Thoroughness, accuracy, and depth of external analysis
1 2 3 4 5
3. Thoroughness, accuracy, and depth of internal analysis
1 2 3 4 5
4. Identification and evaluation of alternative strategies using matrices
1 2 3 4 5
5. Quality, quantity, feasibility, and relevance of recommendations
1 2 3 4 5
6. Justification and support for recommendations 1 2 3 4 5
DELIVERY
1. Organization of presentation 1 2 3 4 5
2. Professionalism of presentation 1 2 3 4 5
3. Use of visuals and color 1 2 3 4 5
4. Communication skills of team 1 2 3 4 5
5. Use of time (40 min presentation) 1 2 3 4 5
6. Handling of questions (up to 10 minutes) 1 2 3 4 5
OVERALL EVALUATION: 1 2 3 4 5
12
140
iiscoreTotalScore
Students that are not presenting will also evaluate presenters,
Case Score = 50%(avg student scores) + 50% (professor score)
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Peer Review for Case studies
Put your name and your team members’ names in the spaces provided, one name at the top of each column.
Names:
Ratings:
On time for all group meetings:
Helped keep the group cohesive:
Number of useful ideas contributed:
Quantity of work done:
Quality of work done:
+ + + +
Add Total Scores Here:
In rating yourself and your team members, use a one- to five-point scale, where 5 = superior, 4 = above average, 3 = average, 2 = below average, and 1 = really weak. Add the scores to obtain a total score for yourself and the other group members. Put any comments you like on the bottom of this page.. If you receive a poor rating on this evaluation, your final case average will be lowered one letter grade. A superior rating may add points to the final case average.
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Group And Case Assignments
Group 1 David, Shawn, Zhongling, Yoshives
Group 2 Emily, Megan, Carter, Olivia
Group 3 Thomas, Allie, Brandon, Loren
11-18
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Schedules for Cases
March 29 Netflix – Tony Gauvin
Apr 9 Southwest Airlines –
Group ?
Apr 12 United Continental
Holdings – Group ?
Apr 16 Ryanair Holdings – Group
?
Apr 19 Dr. Pepper Snapple
Group
Apr 23 Coca-Cola
Apr 26 Starbucks
Apr 30 Student’s choice
May 3 Scholars symposium
May 7 Student’s choice
May 10 Student’s choice
Ch 8-19