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Jing Zhou, McMaster University Continuing Education Accounting graduate Jing Zhou, McMaster University Continuing Education Accounting graduate

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BUS 852 - Business Strategy C21

Academic Credit Value:
3 units
Course Delivery Mode:
Online
Hours of Study:
39 hours
Course Prerequisite(s):
BUS 825 Business Foundations
Course Anti-requisite(s):
N/A
Instructor Name:
John Nashid
Course Dates:
09/09/2019 - 12/01/2019



Required Course Materials:
Strategic management and business policy: Globalization, innovation and sustainability (15th ed.). Wheelen, T., Hunger, J., Hoffman, A., & Bamford, C. (2018).Pearson.
Optional Course Materials:
N/A
Course Description:
This course examines Business Strategy and its execution as it applies to most organizations. It gives learners an appreciation of the role of organizational senior management teams and the reason they devote significant time in crafting and executing strategies that are beneficial to the public, the overall economy, and themselves.

The course focuses on the importance of both short and long term planning, developing, maintaining and changing strategic direction to have a sustainable competitive advantage in our free enterprise, market-driven economy. The principles and concepts described are applicable to non-profit organizations as well.
Learning Outcomes:
The primary focus of the course is to prepare learners to think broadly as a support to senior management teams. It allows learners to develop various options, take a rational approach towards optimal business decisions, with a focus on profitability, sustainability, long-term growth, and enhancing shareholders’ wealth.

This course will:
  • Develop your capacity to think strategically about company operations, both present and long-term.
  • Build your skills in conducting strategic analysis in a variety of industries and competitive situations.
  • Provide you with a stronger understanding of the competitive challenges of a global market environment.
  • Acquaint you with the managerial tasks associated with implementing and executing company strategies.
  • Heighten your awareness of how and why ethical principles, core values, and socially responsible management practices matter greatly in the conduct of a company’s business.
  • Develop your powers of managerial judgment to assess business risk, and improve your ability to make sound business decisions to achieve effective outcomes.
Course Evaluation
The final grade is calculated based on the following components:
Assignment Percent
Assignment #1 15%
Assignment #2 20%
Assignment #3 30%
Participation:  15%
Homework Assignments:  10%
Quiz: 10%
Course Format:
This course is designed to present the fundamental concepts and theories in Business administration and promote the application to the workplace and professional practice. Course activities will include instructor presentations, required readings and experiential learning activities (i.e. case studies, group discussions, projects, etc.).

This course emphasizes student participation through weekly online discussion boards.  It is expected that students will read the assigned chapters per the weekly requirements.
Assignment Submission:
Course assignments are submitted to the appropriate A2L Assignment folder by the specified due date
Late Coursework:
Late penalties for assignments:  2% per day up to a maximum of 5 days.  If after 5 days an assignment has not been submitted, the student will receive a zero mark for that assignment.

Policy & Procedures:

Academic Regulations (Attendance, Coursework, Tests/Exams):
In accordance to McMaster University’s General Academic Regulations, “it is imperative that students make every effort to meet the originally scheduled course requirements and it is a student’s responsibility to write examinations as scheduled.” Therefore, all students are expected to attend and complete the specific course requirements (i.e. attendance, assignments, and tests/exams) listed in the course outline on or by the date specified. Students who need to arrange for coursework accommodation, as a result of medical, personal or family reasons, must contact the course instructor within 48 hours days of the originally scheduled due date. It is the student’s responsibility to contact the Program Manager to discuss accommodations and procedures related to deferred tests and/or examinations within 48 hours days of the originally scheduled test/exam, as per policy. Failure to contact the course instructor, in the case of missed coursework, or the Program Manager, in the case of a missed test/examination, within the specified 48-hour day window will result in a grade of zero (0) on the coursework/exam and no further consideration will be granted.

*Note: Supporting documentation will be required but will not ensure approval of accommodation(s).
Academic Integrity
You are expected to exhibit honesty and use ethical behaviour in all aspects of the learning process. Academic credentials you earn are rooted in principles of honesty and academic integrity. Academic dishonesty is to knowingly act or fail to act in a way that results or could result in unearned academic credit or advantage. This behaviour can result in serious consequences, e.g. the grade of zero on an assignment, loss of credit with a notation on the transcript (notation reads: “Grade of F assigned for academic dishonesty”), and/or suspension or expulsion from the university.

It is your responsibility to understand what constitutes academic dishonesty. For information on the various types of academic dishonesty please refer to the Academic Integrity Policy, located at http://www.mcmaster.ca/academicintegrity/

The following illustrates only three forms of academic dishonesty:

  1. Plagiarism, e.g. the submission of work that is not one’s own or for which other credit has been obtained.
  2. Improper collaboration in-group work.
  3. Copying or using unauthorized aids in tests and examinations.
Academic Accommodations:
Students with disabilities who require academic accommodations must contact the Student Accessibility Centre (SAS) to meet with an appropriate Disability Services Coordinator. To contact SAS, phone 905-525-9140 ext. 28652, or email sas@mcmaster.ca. For further information, consult McMaster University’s Policy for Academic Accommodation for Students with Disabilities.
On-line Elements:
In this course, we will be using on-line elements, which may include email, Avenue to Learn, WebEX, and external web sites.  Students should be aware that, when they access the electronic components of this course, private information such as first and last names, user names for the McMaster e-mail accounts, and program affiliation may become apparent to all other students in the same course. The available information is dependent on the technology used. Continuation in this course will be deemed consent to this disclosure. If you have any questions or concerns about such disclosure please discuss this with the course instructor.
Turnitin.com:
Course Changes:
The instructor reserves the right to modify elements of the course and will notify students accordingly.
Course Withdrawal Policy:
Policies related to dropping a course and course withdrawals are posted to the Centre for Continuing Education’s program webpage, FAQs & Policies (https://www.mcmastercce.ca/cce-policies#Dropping).
Grading Scale:
Grade Equivalent
Grade Point
Equivalent Percentages
A+ 12 90-100
A 11 85-89
A- 10 80-84
B+ 9 77-79
B 8 73-76
B- 7 70-72
C+ 6 67-69
C 5 63-66
C- 4 60-62
D+ 3 57-59
D 2 53-56
D- 1 50-52
F 0 0-49
Course Schedule:
​​
Week Topic ​Learning Goals Reference
Week 1
What Is Strategy and Why Is It Important?
Define strategy; offer an explanation for how to identify an organization’s particular strategy; lay a foundation for many of the concepts that will be explored in this course; tie the role of strategy to competitive advantage; consider the relationship between a company’s strategy and its business model.

Discussion: Week 1

Assignment #1 (Part I)

(Wheelen, Hunger, Hoffman, & Bamford, 2015, Chapter 1)
Week 2
Charting a Company’s Direction: Vision and Mission, Objectives, and Strategy
Review some of the managerial responsibilities regarding the establishment and execution of organizational strategies; look at charting a course, setting targets, and selecting a strategy capable of achieving those objectives; consider the roles and responsibilities of the company’s board of directors in the strategy-making and –execution process.

Discussion: Week 2

(Wheelen et al., Chapter 6)
Week 3
Evaluating a Company’s External Environment
Discuss some of the analytical tools that can be used for assessing a single-business company’s external environment; consider the competitive landscape, together with the technological, regulatory, and demographic factors that organizations should consider when preparing a strategy.

Discussion: Week 3

 

(Wheelen et al., Chapter 4)
Week 4 Evaluating a Company’s
Resources and Capabilities
Discuss techniques of evaluating a company’s internal environment and its resource capabilities, relative cost position, and competitive strength versus its competitors.

Discussion: Week 4

(Wheelen et al., Chapter 5)
Week 5 The Five Generic Competitive Strategies
Examine five strategy options and consider which of the five should be used by the organization to help craft an overall strategy and begin the quest for competitive advantage, including: low-cost leadership, differentiation, best-cost provider, focused differentiation, and focused low-cost.

Discussion: Week 5

Assignment #2
(Wheelen et al., Chapters 6 & 7)
Week 6 Strengthening a Company’s Competitive Position
Consider what other strategic options are available once a company has settled on which of the five generic strategies to use; offensive and defensive options, competitive dynamics and timing, and the breadth of a company’s activities explored through seven broad categories: Whether and when to go on the offensive, whether and when to employ defensive strategies, when to undertake strategic moves, whether to merge or acquire another firm, whether to integrate the value chain backward or forward, whether to outsource certain value chain activities, and whether to enter into strategic alliances.

Discussion: Week 6

Homework Assignment #1

(Wheelen et al., Chapter 8)
Week 7 Strategies for Competing in International Markets Consider options for expanding internationally; strategic issues unique to competing successfully the era of globalization; core concepts like multi-domestic, global, and transnational strategies as well as the Porter diamond of national advantage and cross-country differences in cultural, demographic, and market conditions.

Discussion Assignment: Week 7

(Wheelen et al., Chapter 8)
Week 8 Corporate Strategy: Diversification and the Multibusiness Company Strategy making in a diversified enterprise; the various paths through which a company can become diversified; using diversification to create competitive advantage for business units; techniques for assessing the strategic attractiveness of a diversified company’s business portfolio; strategic options open to already-diversified companies.

Discussion: Week 8 

Quiz 1

(Wheelen et al., Chapter 7)
Week 9 Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy
Links between a company’s effort to design and execute a winning strategy and its duties to conduct its activities in an ethical manner; demonstrating socially responsible behaviour by being a good corporate citizen; the needs of non-owner stakeholders like employees, the communities in which they operate, the disadvantaged, and society as a whole; limiting strategic initiatives to those that meet the needs of consumers without depleting resources needed by future generations.

Discussion: Week 9 

Assignment #2

(Wheelen et al., Chapter 3)
Week 10 Building an Organization Capable of Good Strategic Execution
A review of the process of executing an organizational strategy, including: the conversion of a strategy into actions and good results; how executing strategy is an operations-driven activity, revolving around the management of people and business processes; working with and through others, building and strengthening competitive capabilities, motivating and rewarding people in a strategy-supportive manner, and instilling a discipline of getting things done.

Discussion: Week 10

(Wheelen et al., Chapter 9)
Week 11 Managing Internal Operations: Actions that Promote Good Strategic Execution
Five managerial approaches that can be used to help facilitate the success of a company’s strategy execution effort.

Discussion: Week 11

(Wheelen et al., Chapter 11)
Week 12 Corporate Culture and Leadership: Keys to Good Strategy Execution
The final two managerial tasks in executing a company’s strategy: creating a supportive corporate culture and employing the leadership needed to drive strategic initiatives forward.

Discussion: Week 12

(Wheelen et al., pp Chapters 2 & 10)
Week 13
Assignment #1 (Part II)

Assignment #3


​1Wheelen, T., Hunger, J., Hoffman, A., & Bamford, C. (2015). Strategic management and business policy: Globalization, innovation and sustainability (14th ed.). Toronto: Pearson.​