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Ripon College 

Business Management 452                                                               Spring, 2002

Senior Seminar in Business Administration                              

 

Mary Avery,CMC

Assistant Professor and Director of the Business Administration Program

 

Monday, 6:00-9:00pm

 

Course Objective:

An integrative experience in which students plan, organize, direct, and control business firms.  Emphasis is placed on the formulation of policies and strategies, and the application of concepts.  All areas of the business management major are integrated during the development of a final project.

Textbook:    Strickland and Thompson, Cases in Strategic Management, Twelfth Edition.      Case studies are a wonderful way to learn business analysis skills.  I will supplement your case study work with brief lectures on appropriate tools for case analysis.  We will not cover all of the cases; please let me know if there is a case that you would really like to cover sometime during the semester.  There is a very useful web site that contains chapter summaries and other useful information on the text and cases:  http://www.mhhe.com/business/management/thompson12e/student_index.htm

Instructor’s Office: 315 Todd Wehr                       Phone:  748-8392

Home Phone:  748-9394

Hours: Monday, 3:30PM-6:00PM; Tuesday, 10:00AM-Noon; Thursday, 10:00AM-Noon.  Or by appointment.The phone number provided rings in my office and in my home.  Feel free to call any time after 8:00 am and before 9:00 pm.  I am generally pretty accessible, but you should be aware that I have a business life outside of the classroom.  There will be times that my office hours will change, based on business conflicts.  Those changes will always be posted next to my office door, along with alternative means to reach me.   

Office Policy: I encourage you to see me to discuss your ideas, especially if you need technical assistance on any aspect of the primary course assignment.  There will be class time for questions and group discussion of your projects.  I encourage you to bring questions to class, since others may benefit from the ensuing discussions.  

Attendance Policy: I strongly recommend that you attend all classes.  Because the class meets only once per week, a missed class will be difficult to make up.  While "officially reported absences" (medical problems, travel with College groups, etc.) are unavoidable, try earnestly to attend each class meeting.  At various times during the semester, with the concurrence of the majority of the class, we may substitute tour and group project time for class time.  Canceled classes will be announced in advance.

Case Studies: This will be our primary class activity during the semester.  There are many interesting and instructive case studies in your textbook.  I know of no better way to teach business management than to provide opportunities to react to “real world” situations.   You will be the consultants, giving advice to management based on careful analysis of data, and mastery of tools and concepts that will be presented in class and through supplementary readings. 

Many of the companies will be familiar to you.  Some are the subject of current news, and the class will benefit from sharing of current news stories, should you run across any in your reading.

We will be reviewing a case study nearly every week, particularly during the first half of the semester.  Review of the cases will help you to focus on and to actually implement your final projects.   You will react to cases as assigned; either in writing or through class discussion.  As currently planned, you will prepare two cases for class discussion.  Then, you will be better prepared for two written case studies during the semester, which will be individual work.  You will also be preparing two oral cases in teams of 3-4 people.  Your analysis skills should improve as the semester progresses.  That is, your classmates and I will expect more of you, as time goes on.  Careful text reading and work on the cases will also be your best preparation for the mid-term and final exams, which will also involve case analysis.

      Case Analysis Tools:   From time to time, you will be provided with information, either in lecture or an assigned reading, that will help you with your case analysis.  It is important that you carefully read assignments, or pay close attention to lectures, as you will be expected to APPLY the skills provided you to the case analysis.  Plan to ask questions, as well.

 

Class Participation: We will have a much better time if everyone participates.  If necessary, I will randomly call on people but you're SENIORS so don't make me do that!  Life is lived on the court, not the bench!  Let's start taking some risks!

Exams:   A mid-term and final case analysis will constitute your "exam."  Exams will be "open book" and "open notes" and will require understanding and reflection on lectures and assigned readings.

Guest Speakers/Tours: (My favorite part!!): We will have several guest speakers throughout the semester.  They will be CEOs and upper management from fine companies throughout the country.  In addition, we will have plant tours.  The managers of these companies will be able to discuss their businesses on site, which will be especially enjoyable and bring new insights.  

Projects:  Your primary written assignment for the semester will be a complete and comprehensive project of your choice.  This can be a group or an individual project.  By mid-semester, you will need to propose a project and have it approved.  Your proposal should include the nature of your project and the project “team”.

Because this is a large project, which will encompass 30% of your grade, it must be started early and developed in stages.  You can work on any project that interests you, provided that it is substantial, and will provide a complete and thorough analysis of a business situation.

It will be impossible for you to complete this task well if it is done only in the final weeks of the class.  If you choose a team project, a portion of your grade will be based on peer evaluation of your contributions to the project.  Therefore it is also important that you fully participate in the group efforts both inside and outside of class. 

Examples of final projects could include (but not be limited to):

·         Business Plans

·         Strategic Plans

·         Administrative Procedures/Policies

·         Business Analysis/Recommendations

 Sometimes I become aware of projects, and can pass along suggestions.  For example, students in the past have conducted a complete management assessment for a local business.  This was normally done in groups of 4-6 students using a business analysis tool that I can provide.

Grading Procedures:  

The +/- grading system adopted by faculty vote in 1978 will be used in this course.

The following table will serve as my guide when deciding your overall grade:

     A                 92% and above                         C          72 to 78

     A-               90 to 92                                    C-        70 to 72

     B +              88 to 90                                    D+       68 to 70

     B                 82 to 88                                    D         62 to 68

     B-                80 to 82                                    D-        60 to 62

     C+               78 to 80                                    F          Below 60%

Your grade will be comprised of the following:

Oral Cases (2)                                                  15%

Written Cases   (2)                                            15%

Exams (2)                                                         30%

Final Project                                                      30%

Class Participation/Attendance                           10%


Class Schedule: (Tentative Assignments and Class Activities - Assignments are in ALL CAPS)                              Assignment Questions - Case #1 - Steve Case, AOL, and Time Warner

For Discussion on January 29 - all students will participate

TO HAND IN FROM IN-CLASS CASE - Financial Analysis

February 4                             PREPARE CASE #1 CLASS DISCUSSION:  Steve Case, AOL, and Time Warner

 Competitive Analysis and Business Strategy

 Assignment Questions - Case #4 - Giuseppe's Original Sausage Company

 

February 11   TOUR - Admanco - (cloth advertising specialties industry)

Strategic Challenges of Foreign Competition

GROUP CASE STUDY DUE - Case #4

                  Group presentations/discussion

Assignment Questions - Case #7 - Dell Computer

February 18 INDIVIDUAL WRITTEN CASE STUDY DUE

Hand in/Discuss Dell Computer - Case #7

Assignment Questions - Case #9 - Cannondale Corporation

February 25 TOUR - Tracy Porter - Princeton, Wisconsin

                  Management Panel Discussion

March 4      GUEST SPEAKER - Stephanie Fernhaber, Brady Corporation

                  Management/ Business Assessment Tools

                  GROUP CASE STUDY DUE - Cannondale Corporation

                  Group presentations/discussion

March 11    EXAM - Open Book Case Study Analysis

PROJECT PROPOSALS DUE

GUEST SPEAKER:  Paul Ranslow – Long Range Plan at Ripon

                                                (non-profit organization management)

                  Discuss Class Project Proposals

Assignment Questions - Case #11 - eBay

March 12    BREAK - YOU MUST ENJOY YOURSELF

March 19    READING:  Chapter Seven and Eight - hand in chapter analysis

Tour - Creative Forming

                  Discuss Chapter 8

 

March 25    GUEST SPEAKER:  Jay Wilcox - Ripon Alum and Business Owner

                                                Strategy and the Small Business

                                                                                               

 

April 1                                    INDIVIDUAL WRITTEN CASE STUDY DUE - eBay - Case #11

                                CLASS DISCUSSION - e-Bay                                         

 

April 8         TOUR - Ripon Community Printers

Human Resources as a key success factor

                                               

April 15       GUEST SPEAKER - Jack Christ - Leadership Studies

Business and Leadership

April 22       TOUR - Creative Forming

Marketing Strategy

April 29       CLASS PROJECTS DUE

ORAL PRESENTATIONS OF CLASS PROJECTS

May 6                           Celebration of Business Management                

                                    Selling Solutions, Not Products, and selling YOURSELF – Tom Avery

Exam Week                            EXAM - Open Book Case Study Analysis 

Final Note:  I am hoping to provide all of you with meaningful, self-directed business management experiences this semester.  With your initiative, and the resources at my disposal, this course may be counted as one of the most relevant and stimulating of your college career.  I am really looking forward to working with each of you.