Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Week 1. Session 1 Introduction of the teacher to the students. Presentation of the course: Evaluation charts for partial periods Rules for class and behavior Rules for team formation/integration Expectations The PBL methodology (case studies) Briefcase formation Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Before anything else….. Assignment 1! Access the following URL: by copying it in a new window, and carefully answer the "Learning Styles Questionnaire" by Soloman & Felder, from the North Carolina State University. Once answered, copy your results and submit them by uploading your file in word, excel or power point in the link named "Assignment 1. - Learning Styles". Delivery must be ed by Friday, Jan. 11th at 23:00 hrs local time. This activity counts just as done (100% points) or not (0% points)

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Grading for the partial exams (and final period)

CLASS RULES AND BEHAVIOUR Important points: 5 minutes tolerance AFTER the teacher is in class. Afterwards, no class allowance Classroom should be CLEAN AND ORDERED, before entrance, and when finishing the class. Whiteboards, computers, desks, and class furniture, are common goods, they should be kept as received at the beginning of the semester. Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

CLASS RULES AND BEHAVIOUR Assignments are for you to learn… so you are expected to really make them. SAFE ASSIGN, I repeat… Safe Assign…… so please no ctrl C, ctrl V… at all… doing so conducts to AD (Academic Dishonesty) therefore to a 1 in the activity and an ugly report. Cell phones, iPods, MP3s, should never ring during class. Computers and ipads are allowed ONLY 1) if the student asks for permission (otherwise it’ll be kept for a week) and 2) if the teacher asks for it. Missing class prevents you from in class grades, but not from assignments. Check with your team mates for those, so you won´t miss the grades. Speaking in class sometimes is OK, if you speak about the subject being seen… If you chat with someone just because, you will be invited to go out. After 2 invites, you get a report each time… 3 reports and you gain a straight pass to the partial/final exam, for free. Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

TEAM INTEGRATION. Teams should be composed of 3-4 students, to work during the whole semester. Should be, preferably, mixing genders. There will be two type of teams. The course team, which will last for the whole semester, and some other teams formed within the class. These teams will be formed randomly before some given activities. Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

GRADING CHART FOR PBL DELIVERY Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Criterios de coevaluaciónValor ¿Fueron las aportaciones de mi compañero(a) realizadas en los tiempos estipulados? 0.5 punto ¿Fue mi compañero(a) respetuoso y tolerante con el resto de los integrantes del equipo? 0.5 punto ¿Manejó mi compañero(a) los conceptos vistos en clase? 0. 5 punto ¿Asumió mi compañero(a) el rol que le tocó en este problema, de acuerdo con la técnica del PBL? 0.5 punto ¿Participó mi compañero(a) con fundamento al menos en cinco ocasiones? 0.5 punto ¿En sus participaciones retroalimentó a los compañeros (as) del equipo? 0.5 punto ¿Fueron las aportaciones de mi compañero(a) pertinentes de acuerdo con los pasos de la técnica de PBL? 0.5 punto ¿Contribuyó mi compañero (a) en el logro de los objetivos de esta actividad? 0.5 punto ¿En sus participaciones consideró las ideas de los demás? 0.5 punto ¿Se sintió el apoyo del compañero en todo momento? 0.5 punto Total5 puntos Comentarios generales: EXAMPLE OF THE CO EVALUATION Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Criterios de autoevaluación Valor ¿Participé en todas las actividades de manera oportuna siguiendo los tiempos establecidos en el programa y por mis compañeros? 1 punto ¿Fui respetuoso y tolerante con el resto de los integrantes del equipo?1 punto ¿Manejé los conceptos vistos a lo largo del curso, así como los investigados por cuenta propia, tanto en las actividades de clase como en la elaboración del portafolio? 1 punto ¿Asumí mi rol que me tocó en cada problema, de acuerdo con la técnica del PBL?1 punto ¿Participé con fundamento al menos en cinco ocasiones?1 punto ¿Retroalimenté a mis compañeros del equipo?1 punto ¿Fueron pertinentes mis aportaciones de acuerdo con los pasos de la técnica de PBL? 1 punto ¿Contribuí en el logro de los objetivos de todas las actividades del curso?1 punto ¿Consideré las ideas de mis compañeros?1 punto ¿Brindé mi apoyo al equipo?1 punto Total10 puntos EXAMPLE OF THE AUTO EVALUATION Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

THE PROBLEM BASED LEARNING METHOD. Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Problematic Situation Learning process continues 2. Define the problem 1. Clarify terms 3. Brainstorm / analize problem 4. Classify the analysis ideas 5. Defining learning goals 6. Make an independent research 7. Report findings / conclussions Group dynamics Evaluation of the process

Step 1. Clarify terms Avoid confusions or missunderstandings about the meaning of certain key concepts that are included in the problem statement. Algo, students should try to precise the meaning of every given concept, allowing the members of the team to establish a common terminology. Step 2. Defining the problem. Students should define one or two specific problems, derivated from the inicial statement. This is the starting point of the analysis of the situation. The course objectives and support for each activity will serve as a guide for the development. Step 3. Brainstorm. Obtain different views of the same problem, in order to get different approaches to get solution alternatives, explanations, and perspectives. Step 4. Classify the ideas. The goals of this step is to classify the ideas from step 3. In step 4 students must reflect on how their ideas allow to explain and/or solve the stated problems. This step involves also getting rid of non relevant ideas. Step 5. Defiine learning goals. The goals is to translate the efforts of the whole exercise into specific learning goals. This reflects the emphasis the group wants to imprint in their learning process. This is one ot the three “self” elements of learning: self-direction. Step 6. Make an independant research. Fiinding learning material, relevant to the established learning goals. Once doing this, they should analize carefuly, being critic and creative: critic to determine the credibility of what they are reading; creative to evaluete possible application of the found material. This material should be enough, in both, quality and quantity, to respond to the learning goals. This is another “self” element of learning: self-regulation Step 7. Report the discoveries/solutions. Make a report of everything learned and discovered, and then reaching a conclussion. Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

THE BRIEFCASE TOOL. Should give evidence of work and advances during a mid or long term period. Briefcase is interdisciplinary. For this course, the briefcase will include the following: * Learning perspectives questionnaire * Personal quiz * The best three lecture reports, according to your opinion * The 3 PBLs * A short essay on the PBL experience * A short essay on your semester experience (of all clases) * Your final exam / project Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Week 1. Session 2

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Now…. Let’s work! Lecture 1: “Towards An Understanding Of The Global Market System: A New Perspective For Economics.” Schroeder, Rolf. Theory and Science (2000) Activity: While reading, build a conceptual map or a mental map of the most important concepts of the lecture. You will have 25 minutes to read the article. After reading, the whole class will build a group conceptual/mental map, in order to fully understand the lecture. Assignment 2: Make a brief report on the most interesting concepts seen in this lecture. This report should be at least half a page, but with a max extension of one page. This assignment should be uploaded to the course page, by Friday, Jan 20th, 2012.

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Example of mental map.

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Example of conceptual map.

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Understanding of global markets. (mental/conceptual map)

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Week 1. Session 3 DYNAMISM AND COMPETITION IN GLOBAL MARKETS.

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Dynamism… Business in a changing world What is /are business?

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Definition of Business a commercial or industrial enterprise and the people who constitute it commercial enterprise: the activity of providing goods and services involving financial and commercial and industrial aspects Occupation: the principal activity in your life that you do to earn money Source: According to Princeton’s WordNet:

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Business is a legally recognized organizational entity existing within an economically free country designed to sell goods and/or services to consumers or other businesses, usually in an effort to generate profit. Source: According to Wikipedia:

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 DYNAMICS. Dynamics, dynamism are common words in todays language. Business are dynamic, the world is dynamic, the society, a specified system, but what does dynamic really means?

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Traditional Business Model. Dynamic (or actual) Business Model. Input Process Output Input Process Output Feedback

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 In other words DYNAMIC means… …THE WORLD CHANGES EVERY MINUTE EVERY MINUTE!!!!!

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 The Global Markets

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 What is a market ?

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Defining “global” The Nokia Cell phone Example Salo Presence in 150 different countries Distribution and sales. Main components made in: Certifications by:

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 A market is a social structure for exchange of rights, which enables people, firms and products to be evaluated and priced. *Source: According to Wikipedia*: Markets are formed from two MAIN elements (but not the only ones): DEMAND SUPPLY

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 What is a competition? In economic terms… key concepts… The 3 “E”s Efficiency, effectiveness and effectivity. Production of goods/services  sold in markets Customer satisfaction Continuous improvement

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 The 3 “E”s … difference Efficiency …in resource managing. *Avoiding dead time, non used resources Effectiveness … in the achievement of goals *The minimal cost/least number of unplanned consequences to achieve a goal. Effectivity. … to generate an impact in the environment * Having the desired effect…

Planes Financieros Introduction to Management and Finance (Ph6012) M. en I. Alejandro Flores M. Instituto Mar de Cortés Week 1 Example for the 3 E’s. Efficiency (Eficiencia) Effectiveness (Eficacia) Effectivity (Efectividad) Kill a fly with…. X X