MGMT6640 – ORGANIZATION POLICY AND STRATEGY Semester 02, 2015/16 Group Assignment Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
People Learn Best by “Doing” Imam al-Shafi`i r.a. said: “Knowledge is what benefits. Knowledge is not what one has memorized." “The best of learning about anything is by doing.” - SIR RICHARD BRANSON Tell ME, and I will Forget Show ME, and I may Remember Involve Me, and I will Understand – Confucius “ I hated every minute of training but I said, don’t quit. Suffer now and live the rest of your life as a champion.” - MUHAMMAD ALI (Source: myStarjob.com, 4 Jan 2014) Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
Group Assignment - Suggested Topics University of the Future (UotF) or Faculty of the Future (FotF) GROUP ASSIGNMENT 1 (CONCEPTUAL PAPER). Group Assignment 1 & 2 are inter-related: Week 1 - Milestone 1: Form Group (2 students per group) Week 4 - Milestone 2 : Business Case Summary Submission & Approval Week 6 - Milestone 3 : 1st Draft Business Case Paper Submission – Intro & Background, Problem Statement, Methodology, Literature Review, Establish and Describe UotF or FotF Initial Framework/ Conceptual Model (use BMC, EM & VPD tools), Conduct Survey/Interview (Students e.g. local/international, UG/PG, working adult; lecturers; employers), Analysis & Findings, Establish “Final” UotF or FotF Model, Summary, Conclusion & Future Work Week 8 - Milestone 4 : Final Business Case paper due. Submit as 1st paper to academic journals. Format of paper must follow standard template of chosen Academic Journal. GROUP ASSIGNMENT 2 (CASE STUDY): Week 4 – Milestone 1a: Choose a leading university in your country Week 5 – 9: Conduct Strategic Management Processes (Figure 1-2, Wheelen Chapter 1) for your Chosen University. Week 10 - Milestone 5: Establish Strategic Plan in transforming the Chosen University to UoF (use tools including Strategy Map, BSC, BMC, EM & VPD) Week 11 & 12 - Presentation of Strategic Plan for Chosen University’s UotF or FotF Week 13 - Milestone 6 : Submit Strategic Plan for Chosen University’s UotF or FotF Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
Use an Integrated Suite of Tools Environment Map BMC VPD Canvas Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
MGMT6640 – ORGANIZATION POLICY AND STRATEGY The Environment Map Current BMC Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
MGMT6640 – ORGANIZATION POLICY AND STRATEGY Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
The Value Proposition Design (VPD) Canvas
Productivity Strategy A Strategy Map Represents How the Organization Creates Value Productivity Strategy Long-Term Shareholder Value Growth Strategy Financial Perspective Improve Cost Structure Increase Asset Utilization Expand Revenue Opportunities Enhance Customer Value Customer Value Proposition Customer Perspective Price Quality Availability Selection Functionality Service Partnership Brand Product / Service Attributes Relationship Image Supply Production Distribution Risk Management Operational Management Processes Selection Acquisition Retention Growth Customer Management Processes Opportunity ID R&D Portfolio Design/Develop Launch Innovation Processes Environment Safety and Health Employment Community Regulatory and Social Processes Internal Perspective Human Capital Learning and Growth Perspective Information Capital Organization Capital Culture Leadership Alignment Teamwork
The Balanced Scorecard Is a Step in a Continuum that Describes What Value is and How It Is Created
Examples of Academic Journals 1. International Journal of Engineering Science and Innovative Technology ISSN: 2319-5967; www.ijesit.com (USD100) – Google Scholar (GS) Indexed 2. Business Management and Strategy (BMS) – GS, ProQuest, EBSCOhost indexed http://www.macrothink.org/journal/index.php/bms (USD100) 3. International Journal of Computer and Information Technology (IJCIT) http://www.ijcit.com/ (USD100) – GS, Copernicus Indexed 4. International Journal of Management & Information Technology (IJMIT) http://cirworld.com/journals/index.php/ijmit/index (USD100) - GS, Copernicus Indexed 5. International Journal of Information and Communication Technology Research (IJICTR) – citeulike (Springer) & GS indexed http://www.esjournals.org (USD75) 6. International Journal of Engineering Research & Management (IJERM) http://www.ijerm.com/ (USD 70) – GS indexed, Thomson Reuters Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
Presentation of Strategic Plan (~10 pages) Current University Basic University History & Profile Strategy Map, BSC, Performance (if available) Strengths & weaknesses Scanning of External Environment UotF Model Transformation Agenda & Plan Strategy Map, BSC Strategic initiatives/programs/projects (focus on transformational initiatives identified from 1st group assignment) Elements that the University needs to Eliminate, Reduce, Raise, Create in order to transform to UotF Monitoring and Evaluation Plan Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY
MGMT6640 – ORGANIZATION POLICY AND STRATEGY Semester 2-2015/16 MGMT6640 – ORGANIZATION POLICY AND STRATEGY