THE UNIVERSITY OF MANITOBA DEPARTMENT OF BUSINESS ADMINISTRATION GMGT 1010 A01
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THE UNIVERSITY OF MANITOBA DEPARTMENT OF BUSINESS ADMINISTRATION GMGT 1010 A01
THE UNIVERSITY OF MANITOBA DEPARTMENT OF BUSINESS ADMINISTRATION GMGT 1010 A01 COURSE OUTLINE 2015 FALL Grant Wainikka Office: 356 Drake email: [email protected] Office Hours: Monday/Wednesday 1:00-2:00pm Class: Monday/Wednesday 8:30-9:45am, 103 Drake COURSE DESCRIPTION This course introduces fundamental concepts related to current business trends, business ownership, stakeholder analysis, business and government, business and the economy, and, business ethics. Emphasis is placed on relating course material to current events in the business world. This course provides students with a general intellectual and conceptual foundation for subsequent courses in management and business. As such, it educates students about management and business, not to provide an indepth examination of specific topics or techniques of management. The role of management in society beyond the organization, and of organizations within society is our focus. On completing this course, students should have a good sense of what business is, where it comes from, the role of management within business, the relationships between businesses, the economy, and society, and various issues and debates pertaining to these relationships. Much of the course examines the relationships that business firms must balance among key stakeholders in their external environment (i.e., government, owners, customers, communities, suppliers, future generations, etc.). Students will examine various institutional contexts (e.g., economic, political-legal, and socio-cultural) and critically think about relationships between business and society. Added emphasis is placed on contemporary social issues in business (e.g., sustainable development, corporate social responsibility). LEARNING OBJECTIVES Students will: Become aware of key issues facing managers in Canada, examining the context in which these challenges are actually encountered and exploring alternative approaches to meet them. Understand the deeper philosophical assumptions that underpin organizational and societal structures and systems, and the forces that prevent and push for change. Understand the dynamic relationships across different stakeholders, and the forces that promote conflict as well as question the status quo and promote change, especially through the Canadian political system. Learn about the challenges facing business that require thinking across numerous intellectual domains. Analytical thinking skills in reading and writing are developed. PRE-REQUISITES & LIMITATIONS All university students will be welcome to take this course, and students planning to enter the Asper School are encouraged to take the course in University 1 or in their first year in the Asper School. This is a “W” course and fulfills part of the written degree requirements for non-Asper students. REQUIRED READINGS All readings are required except those clearly marked as optional. Some of the required reading will be from scholarly journals and the business press. All the required readings, other than Understanding Canadian Business (below) will be available on E-Reserves. Students will benefit from reading at least one national or international newspaper a day to acquire general knowledge business students should have. 1 REQUIRED TEXT / CASE PURCHASES th Nickels, McHugh, McHugh, Cossa, & Sproule, Understanding Canadian Business 8 Ed. McGraw Hill Ryerson, Toronto (2013). Notice The final date for withdrawal without academic penalty is November 18, 2015. Please feel free to see me before withdrawing in case I can help in any way. Tests/exams may contain any or all of multiple choice questions, problems, short answer explanations or essays and completion questions. They will include questions, which require you to analyze, understand and explain situations. For these you must demonstrate your understanding by clearly explaining and supporting your answer in a prose (i.e. words, sentences, paragraphs) manner. A significant percentage of each of these tests or exam may consist of questions of this type. In addition to questions requiring a written (prose) answer, the tests and exam questions will require numerical analysis and presentation as well as procedural application. The failure to take a quiz, test, or exam without an acceptable medical or compassionate excuse results in a mark of 0% for that part of the course. EXPECTATIONS Readings, lectures, and class discussions are all important in this course. Students are expected to attend classes. The class uses material in assigned readings, but students should not expect the instructor to repeat all the material. The class focuses on developing the students’ analytical abilities. It is essential that students read all required readings for this course. Students should also be aware of assistance offered by the Academic Learning Centre at http://umanitoba.ca/student/u1/lac/. Writing tutors are available, one on one, or when working on a paper in groups of 2 or 3 other students who are having the same difficulties. With appropriate lead times, help can be obtained by email as well. You can book times with them online. Hard copies of the short paper and long paper need to be submitted in class on the relevant due date. EVALUATION Examinations 30% 20% Final Examination. A three-hour final examination will be scheduled by the Registrar’s Office. Midterm Test. Will be held in class on Monday, November 2, 2015. Written work 25% Paper – Regulatory Environment (Due: Wed., October 14, 2015) Students should select and analyze the regulatory environment related to a specific industry in Canada. Students should address the following (and possibly other) questions/topics: Briefly describe the regulatory environment. What do the industry regulations look like? When did they come into effect? How are they enforced and by what level of government? 2 Why do these regulations exist? Who are the regulations supposed to protect? Do they do a good job of this? Are there stakeholders who oppose these regulations? Is this opposition justified? Recommend and justify amendments to the regulatory environment. Who would benefit? Would all stakeholders be happy with your recommendations? The paper should be double spaced, and written in 12 pt. Times New Roman font. APA format (note – Abstract is not necessary). Late papers will be subjected to 20% deduction for every day, or part thereof, late. Please attach the rubric (see UM learn) to the end of the paper. The paper must have a minimum of 1,500 words and should not exceed 1,600 words. Paper #1 is due on Wednesday, October 14 in class. Please submit a hard copy in class. Please note - I do not want a paper which only describes an industry and/or its challenges. I want an analysis that focuses on industry regulations and any inherent conflicts among stakeholders. 25% Paper – Global Issues (Due: Monday, November 30, 2015) Answer the following questions as they relate to the issue of Arctic Resource Ownership/Extraction. The questions that you will cover with respect to this issue are: 1. 2. 3. 4. 5. 6. Who are the stakeholders? How does the issue impact each, and what are the desired outcomes for each stakeholder group? Why, how, and whether the issue has become a social issue rather than simply remain a private issue? What do you see as the responsibilities of the affected individuals? What do you see as the responsibilities of firms in the Canadian economy with respect to the issue? Explain your thoughts fully. What do you see as the responsibility of governments? (Federal, provincial, municipal) and explain your response. Who should pay the taxes to support government activities in these areas and why? Are there are other groups or institutions that have a responsibility as part of this social issue? Explain. The paper should be double spaced, and written in 12 pt. Times New Roman font. APA format (note – Abstract is not necessary). Late papers will be subjected to 20% deduction for every day, or part thereof, late. Please attach the rubric (see D2L) to the end of the paper. The paper must have a minimum of 1,500 words and should not exceed 1,600 words. Paper #2 is due on Monday, November 30 in class. Please submit a hard copy in class. Your paper should analyze the conflicts inherent in each of these difficult policy areas. Do not describe them. Explain why the conflicts persist and why there are no easy answers to some of these challenges. TENTATIVE GRADING GUIDELINES (estimated) 90 - 100 80 - 89 A+ A 75 – 79 70 – 74 B+ B 65 – 69 C+ 60 – 64 C 50 – 59 0 – 49 D F Please note, letter grades are not assigned to individual pieces of assessment. Only the total for the course will be converted to a letter grade, and this is only done after the grades are reviewed internally within the Asper School of Business. Recording and video-records of classes The instructor(s) and/or the University hold copyright over the course materials, presentations and lectures which form part of this course. No audio or video recording of lectures or presentations is allowed without permission. Course materials (both paper and digital) are for the student’s private 3 study and research, and are not to be reproduced, distributed, or posted online without permission. If you have a disability and require audio or video recordings, or materials in alternative formats, please make arrangements through Student Accessibility Services. Electronics in Classes Electronic devices may be used judiciously. If you are using a computer for note taking, please sit in the back rows as the illumination from screens is distracting to people sitting behind you. Cell phones should be off or kept muted. Text messaging is not acceptable behavior. Student Accessibility Services Any student who, because of a disability of any kind, may require some special arrangements in order to meet course requirements should contact either Student Accessibility Services at 474-6213 or the instructor as soon as possible to make the necessary accommodations. University Email Policy Effective September 1, 2013, the U of M will only use your university email account for official communications, including messages from your instructors, department or faculty, academic advisors, and other administrative offices. If you have not already been doing so, please send all emails from your UofM email account. Remember to include your full name, student number and faculty in all correspondence. For more information visit: http://umanitoba.ca/registrar/e-mail_policy Deferrals IMPORTANT NOTICE FOR ALL STUDENTS who have been approved by their faculty office to have a deferred exam: Effective September 2005, the Department of Business Administration has instituted a policy which provides ONE DATE ONLY for students who have deferred their final exams. For additional information, refer to University of Manitoba’s Policy 1305 – Exam Regulations (http://umanitoba.ca/admin/governance/governing_documents/academic/454.htm) or the Undergraduate Program Office for rules and regulations concerning deferred exams. Unclaimed Assignments Pursuant to the FIPPA Review Committee’s approved recommendations as of August 15, 2007, all unclaimed student assignments will become the property of the faculty and will be subject to destruction six months after the completion of any given academic term. 4 Tentative Class schedule (subject to change): Topics What is business? What does business do for society? Dates Sept. 14 Primary Reading Introductions Course Outline Nickels: Chapter 1 – Taking Risks and Making Profits Within the Dynamic Business Environment Class discussion Sept. 16 Nickels: Chapter 7 – Entrepreneurship and Starting a Small Business Business Structure - Sole Proprietorship / Partnership / Corporation Sept. 21 Nickels: Chapter 6 - Forms of Business Ownership Corporate Governance Moral Hazard Agency Theory Sept. 23 Class Discussion Entrepreneurism Stakeholder Theory Stakeholder Theory Chandler, Werther: Strategic Corporate Social Responsibility, 3rd Edition. 2014. Chapter 2 - A Stakeholder Perspective Sept. 28 Nickels: Chapter 1 – Taking Risks and Making Profits Within the Dynamic Business Environment Secondary Reading http://forumblog.org/2013/11/what-role-should-businesses-playin-society/ http://www.slideshare.net/barneyn/what-role-does-business-playin-society http://www.ted.com/talks/barry_schwartz_on_the_paradox_of_ch oice?language=en http://sloanreview.mit.edu/article/the-shareholders-vsstakeholders-debate/ Chandler, Werther: Strategic Corporate Social Responsibility, 3rd Edition. 2014. Chapter 2 - A Stakeholder Perspective Sept. 30 Nickels: Chapter 1 – Taking Risks and Making Profits Within the Dynamic Business Environment External Environments The Canadian experience. Oct. 5 Nickels: Chapter 1 – Taking Risks and Making Profits Within the Dynamic Business Environment Business and the Economy Micro - The promise of Adam Smith. Market structures / pricing / utility / is profit-seeking behaviour good for society? Oct. 7 Nickels: Chapter 2 – How Economic Issues Affect Business Paper # 1 due Macro unemployment / growth / productivity / global competitiveness Paper # 1 due Oct. 14 Governmental impact on Business Oct. 19 Nickels: Chapter 4 – The Role of Government in Business Levels of Governmental Response Oct. 21 Nickels: Chapter 4 – The Role of Government in Business Business and the Environment Oct. 26 Bissonette: Strategy, Development, Application, Canadian Edition, 2012. Chapter 4 – The Environment & Sustainable Business Practices Business and the Environment Paper # 1 due Nickels: Chapter 2 – How Economic Issues Affect Business Oct. 28 Bissonette: Strategy, Development, Application, Canadian Edition, 2012. Chapter 4 – The Environment & Sustainable Business Practices http://www.youtube.com/watch?v=oagmlbhobnY http://www.cbsnews.com/videos/the-race-to-save-the-tortoise/ 5 Midterm Test Nov. 2 Midterm Test Globalization Nov. 4 Nickels: Chapter 3 – Competing in Global Markets Evolution of "value" concept - commodity / lifestyle / experience / knowledge TRANSFORMA TION Nov. 9 http://www.design.philips.com/philips/shared/assets/design_assets/pdf /nvbD/april2011/paradigms.pdf https://www.ted.com/talks/joseph_pine_on_what_consumers_want Business and ethics Nov. 16 Nickels: Chapter 5 – Ethics & Social Responsibility. http://www.youtube.com/watch?v=ZDkTDcI53hg CSR/Friedman Nov. 18 https://www.youtube.com/watch?v=E0NkGtNU_9w Leadership. The purpose motive Nov. 23 Nickels: Chapter 8 – Management & Leadership Planning process Vision/Mission/ Values Nov. 25 Nickels: Chapter 8 – Management & Leadership http://www.ted.com/talks/simon_sinek_how_great_leaders_inspir e_action?language=en Paper # 2 Due Org. Design Nov. 30 Nickels: Chapter 9 – Adapting Organizations to Today’s Markets Paper # 2 Due Paper # 2 Due Dec. 2 Nickels: Chapter 9 – Adapting Organizations to Today’s Markets Motivation Dec. 7 Nickels: Chapter 11 – Motivating Employees Course Evaluation / Review for final exam Dec. 9 Course review Course evaluation Org. Design Midterm Test 6 AACSB Assurance of Learning Goals and Objectives. The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process of continuous improvement of the School and our students. Part of “student improvement” is ensuring that students graduate with the knowledge and skills they need to succeed in their careers. To do so, the Asper School has set the learning goals and objectives listed below for the Undergraduate Program. The checked goal(s) and objective(s) will be addressed in this course (GMGT 1010) and done so by means of the items listed next to the checkmark. Goals and Objective in the Undergraduate Program 1 3 4 Course Item(s) Relevant to these Goals and Objectives Quantitative Reasoning A. Determine which quantitative analysis technique is appropriate for solving a specific problem. Quantitative analysis presented in Stakeholder Theory, and, Strat. Planning sections. B. Use the appropriate quantitative method in a technically correct way to solve a business problem. Analyze quantitative output and arrive at a conclusion. See above. C. 2 Goals and Objectives addressed in this Course Written Communication A. Use correct English grammar and mechanics in their written work. GMGT 1010 is a “writing” course. Two term papers which make up 50% of the final score. B. Communicate in a coherent and logical manner See above. C. Present ideas in a clear and organized fashion. See above. Ethical Thinking A. Identify ethical issues in a problem or case situation Case analyses B. Identify the stakeholders in the situation. Yes – Stakeholder Analysis done throughout course. C. Analyze the consequences of alternatives from an ethical standpoint. Yes – Ethics and Corporate Social Responsibility are central to GMGT 1010. D. Discuss the ethical implications of the decision. See above. Entire course Core Business Knowledge 7 Academic Integrity It is critical to the reputation of the Asper School of Business and of our degrees, that everyone associated with our faculty behave with the highest academic integrity. As the faculty that helps create business and government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this trust. Section 8 of the University Policies, found in The University of Manitoba Calendar, addresses the issue of academic dishonesty. Specifically, acts of academic dishonesty include, but are not limited to: - using the exact words of a published or unpublished author without quotation marks and without referencing the source of these words - duplicating a table, graph or diagram, in whole or in part, without referencing the source - paraphrasing the conceptual framework, research design, interpretation, or any other ideas of another person, whether written or verbal (e.g., personal communications, ideas from a verbal presentation) without referencing the source - copying the answers of another student in any test, examination, or take-home assignment - providing answers to another student in any test, examination, or take-home assignment - taking any unauthorized materials into an examination or term test (crib notes) - impersonating another student or allowing another person to impersonate oneself for the purpose of submitting academic work or writing any test or examination - stealing or mutilating library materials - accessing test prior to the time and date of the sitting - changing name or answer(s) on a test after that test has been graded and returned - submitting the same paper or portions thereof for more than one assignment, without discussions with the instructors involved Group Projects and Group Work Many courses in the Asper School of Business require group projects. Students should be aware that group projects are subject to the same rules regarding academic dishonesty. Because of the unique nature of group projects, all group members should exercise special care to ensure that the group project does not violate the policy on Academic Integrity. Should a violation occur, group members are jointly accountable unless the violation can be attributed to a specific individual(s). Some courses, while not requiring group projects, encourage students to work together in groups (or at least do not prohibit it) before submitting individual assignments. Students are encouraged to discuss this issue as it relates to academic integrity with their instructor to avoid violating this policy. In the Asper School of Business, all suspected cases of academic dishonesty are passed to the Dean's office in order to ensure consistency of treatment. 8