Welcome to Class MT460 Mgmt Policy & Strategy Wednesdays, 7-8pm CDT Online Seminar Professor Tammy Madsen

Agenda Course & Student Expectations Unit 1 Resume Assignment Unit 2 Strategic Management Unit 2 Short Answer Assignment Questions??

Making the Grade

10/1/2016 Where can you find the course syllabus?

Course Home Doc Sharing

10/1/2016 This course is online. What does that mean?

10/1/2016 Weekly Discussion Threads One hour of weekly seminar meetings A lot of homework!

10/1/2016 Which day of the week does the unit begin?

10/1/2016 Wednesdays Ends on Tuesdays at 11pm CDT Includes Labor Day weekend

10/1/2016 What are weekly discussion requirements?

10/1/2016 Initial post by Saturday Respond to two classmates by Tuesday Proper grammar Cited sources

10/1/2016 What are the weekly assignments?

10/1/2016 Reading Case studies Writing assignments Final project

10/1/2016 How can you make the grade?

10/1/2016 Attend scheduled seminars Be on time Be prepared Be engaged in seminar and online Be responsible

Unit 1 Assignment Professional Resume 1.Using your SWOT analysis from discussion 2.Identify 3-5 actions & results Action: Managed an IT software installation project for an international company. Results: Saved the company over $30,000 a year after implementation.

Unit 1 Assignment (cont) Professional Resume 3. Career Objective I am seeking a fulltime or contracting position to provide training and development for current and future businesses, and government organizations. I can contribute leadership, excellence, and innovation in the work environment and shared these attributes with my associates throughout my professional career. I have over five years experience serving the internal and external customer in a client-vendor relationship (field and corporate sales / marketing environment).

Unit 1 Assignment (cont) Professional Resume 4.Additional sections Work experience Education References 5.Submit to Dropbox Use template Include your SWOT analysis

Unit 2 – Strategic Management Assignment Checklist  Explain the concept of the strategic management process.  Discuss the importance of having a future oriented plan.  Discuss the organization’s vision, mission, purpose, philosophy, or goals.  Discuss the strategic process as input for future decision making.

Unit 2 Assignment  Explain the concept of the strategic management process. Defined: The set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives (Pearce & Robinson, 2011, p 3). Essentially a game plan Nine critical tasks: 1.Formulate the company’s mission 2.Analyze the company’s internal conditions and capabilities 3.Assess the external environment – competitors? 4.What are the options? How can we match internal strengths with external factors? 5.How do these options align with the mission? 6.Formulate long-term objectives and grand strategies 7.Develop short-term goals working towards long-term strategy 8.Implement using available resources and budgets 9.Evaluate the success and reformulate long-term objectives

Unit 2 Assignment (cont)  Discuss the importance of having a future oriented plan. Strategic decisions are based on what managers forecast, rather than on what they know. In such decisions, emphasis is placed on the development of projections that will enable the firm to select the most promising strategic options. In the turbulent and competitive free enterprise environment, a firm will succeed only if it takes a proactive (anticipatory) stance toward change (p 5). What are your competitors doing? Are there are any economical or environmental implications? Will regulatory changes impact your strategy?

Unit 2 Assignment (cont)  Discuss the organization’s vision, mission, purpose, philosophy, or goals. Nine critical tasks: 1.Formulate the company’s mission 2.Analyze the company’s internal conditions and capabilities 3.Assess the external environment – competitors? 4.What are the options? How can we match internal strengths with external factors? 5.How do these options align with the mission?

Unit 2 Assignment (cont)  Discuss the strategic process as input for future decision making. Nine critical tasks: 6.Formulate long-term objectives and grand strategies 7.Develop short-term goals working towards long-term strategy 8.Implement using available resources and budgets 9.Evaluate the success and reformulate long-term objectives

Unit 2 Assignment (cont) 1.Address Assignment Checklist Requirements 2.Short Answer 3.APA style written pages 5.Cite your sources  In-text citations  Reference page 6. Submit in Dropbox before Tuesday 11pm CDT

To Do this Week! Submit Unit 1 Assignment Read Chapter 1 Initial post to Unit 2 Discussions 1 & 2 by Saturday Respond to 2 classmates in both Discussion Threads by Tuesday Submit Unit 2 Assignment Reward: Do something fun!!