Course Manual INTERNATIONAL BUSINESS ADMINISTRATION 2nd Year Bachelor 2013/2014 Third trimester: week 14 – week 25 TABLE OF CONTENTS: Summary of important rules and regulations for BScIBA and MSc students General Information Summary of Workshop/Team/Mid-term Registration dates Student Advisers Master Event Third Year Elective Choices Article 3.4 – Fraud Corporate Finance (BAB24) Cross Cultural Management (BAB23) International Marketing Research (BAB 11) Marketing Management (BAB25) Technology Management (BAB20) IBA curriculum 2013-2014 2 2 3 3 3 3 4 5 12 23 27 39 47 Course Manuals give more detailed information about courses within a trimester. They contain the following information per course: course title, course code, number of credits; name of coordinator; teaching staff; contact person, secretariat, room numbers, phone numbers, visiting hours; educational form; examination form; examination regulation; examples for examinations; aims and objectives of the course; extended description of the course content; subjects per lecture/workshop; required literature: books, syllabus, reader, sheets; literature and course content to be examined; recommended further reading. Course Manuals will be available at the beginning of each trimester, for each year of the programme. 2 Summary of important rules and regulations for BScIBA and MSc students The following rules and regulations, depending on your situation, may have an effect on your studies. For more information and a detailed explanation of all of these rules please consult the BSc IBA Examination Regulations. RSM rules The Bachelor-before-Master rule Admission to all RSM Master programmes is only possible if students have completed the entire Bachelor programme, without a single course left open. Period of validity of grades Final course grades (published in Osiris) for the bachelor programme are valid for six years. The final course grades (published in Osiris) for the master programmes are valid for 3 years. (Consult Examination Regulations for detailed information) Compensation rule for 1st year courses The compensation rule means you can compensate one insufficient grade (between 4.5 and 5.4) with at least two rounded 7s or one rounded 8 or higher, provided that you have passed all your other courses of Bachelor 1 in your first year of enrolment. The grade for the compensated course will remain on your grade list and counts in the grade point average for the total bachelor programme. (Consult Examination Regulations for detailed information) Compensation rule for 2nd and 3rd year courses Students (excluding Pre-Master students) may graduate from the BSc IBA programme with a 4.5 or higher for one examination part of the course year B2 or B3 (with the exception of the minor, internship, and the Research Training & Bachelor Thesis), provided that the calculated grade point average for the total bachelor programme (including the course to be compensated) mentioned in Article 6.2 paragraph 2 of the Rules and Guidelines is at least 7.0. This compensation rule will only be applied by the Examination Board upon request. The grade for the compensated course will remain on your grade list and counts in the grade point average for the total bachelor programme. (Consult Examination Regulations for detailed information) Last-Result Rule Students have a free choice in the number of times that they wish to take a written examination. The result is the last grade obtained. If the material to be studied for an examination has changed, the new material must be studied. General Information You can download the Bachelor 2 Trimester 3 course manual, schedule, and book list via the RSM IBA Current Students page (www.rsm.nl/current-students/iba). Also be sure to subscribe to all of your trimester 3 courses via SIN. If any changes to the schedule, registration dates, etc. should occur, these updates can be found in the respective SIN course channels. Tip: Take the time to peruse the message archive of your courses once a week to make sure you are aware of all relevant registration dates, schedule changes, etc. Registration for the final exams takes place via OSIRIS-Online. The registration dates are always 35 to 7 days before the date of the exam. Mark your calendar! An online course evaluation will be mailed to you at the end of each trimester 3 course. This evaluation will remain open until the course’s exam date. The day of the final examination you will receive a separate evaluation about the exam. Please take the time to fill in both of these evaluations; your comments and feedback are greatly appreciated by members of the IBA teaching staff and programme management. 2 3 We also recommend that you subscribe to the following SIN channels: RSM Bachelor 2 International Business Administration - IBA B2 general information channel with messages from programme management RSM Examination Board - The RSM Examination Board’s own channel Tentamenlocaties (Dutch for Examination Locations) – seating assignments for exams in the M-hall are announced via this channel IBA Notice Board - where all non-programme related messages for IBA students are posted Summary of workshop/team registration dates (per course) –Register via SIN! Corporate Finance (BAB24) You do not need to register for the BAB24 plenary workshops. Cross Cultural Management (BAB23) You have been assigned to one of the 6 workshop groups and notified via Blackboard. You can match your group number to the room assignments in your schedule (also available via the CCM course channel under ‘timetable Workshops’). You can find the CCM country/workshop group assignment file on Blackboard. International Marketing Research (BAB 11) Case group registration (4-6 students) - 3 March - 3 April 2014 Marketing Management (BAB25) Case group registration (4-5 students) - 3 March - 3 April 2014 Technology Management (BAB20) Company & team registration already closed 16 February (course begin in 2nd trimester). Student Advisers The student advisers’ key task is to support students with their IBA studies. Students may contact one of the student advisers for information, advice and/or guidance. The student advisers are familiar with all aspects of the course programmes and can assist students in making decisions in the fields of study planning, study choices, internships, exchange, a second study, mediation with regard to examination board issues, etc. Students who are not able to continue their studies or experience delays, for instance because of personal circumstances such as illness, handicap, family circumstances etc., may also turn to the student advisers for personal advice and guidance. For more information and contact details please consult the following site: http://www.rsm.nl/study-advice/bachelor-iba/ Master Event The next Master Event will be held on 15 April, 2014. This event will allow you to visit lectures, workshops and a general information market about the RSM master programmes. Staff and Master student ambassadors will be present to answer your questions. To learn more about the RSM Master programmes please visit www.rsm.nl/master rd 3 year Elective choices (Exchange or Internship/Minor + 5 ECTS elective) Exchange: The application process for the fall 2014 exchange already took place. Minor: You have the option to take a minor at the EUR or at another university. Minors on offer at the EUR: www.eur.nl/minor Registration period: 7 May – 28 May 2014 Please note: You may only do a minor if you have obtained at least 60 ECTS from the IBA curriculum. 3 4 Internship: Another option to consider is to conduct an internship which involves the research of a practical problem that is carried out for an international organization abroad or in the Netherlands (for non-Dutch students). To be used for credit, the internship must last at least 10 weeks full-time (the equivalent of 420 working hours). For information about finding an internship, meeting the specific requirements for receiving credit, and much more, please consult the ‘Bachelor Internship Manual’ and the ‘Bachelor Internship – Steps to Follow’ found on the IBA Current Students page (http://www.rsm.nl/information-for/currentstudents/bachelor-iba/bachelor-3/internships/ ) . There is no specific deadline for arranging your internship, however it is recommended that you request approval from an academic coach for your internship proposal before the summer months. Please note: You may not do an internship for credits if you have not successfully passed all of your B1 courses. 5 ECTS Options: There are a number of different options available to students who choose to do a minor or an internship and who still need 5 ECTS in order to graduate. For detailed explanations about these options, please consult the following Current Students page: http://www.rsm.nl/information-for/current-students/bachelor-iba/bachelor-3/elective-options/ Questions? Contact Raechel Torner ([email protected]) Interim Project – held in weeks 46-50 (after the Minor exams) Elective course from another faculty / university Language Elective - after successful completion of 2 modules of the same language. See IBA Current Students – Language Electives for more information. Article 3.4 – fraud 1. If in the matter of taking an examination, fraud – within the meaning of Article 1.2, paragraph 2 – is detected or suspected, this is set down in writing as soon as possible by the invigilator or the examiner whom he/she must call in. The invigilator or the examiner may ask the student to make available any items of evidence. A refusal to do this is recorded in the written report. The student is given the opportunity to add written comments to the written report of the invigilator or examiner. The written report and any written comments are handed over to the Examination Board as soon as possible. 2. The Examination Board or the examiner may exclude a student who has cheated from further participation in the examination during which the irregularity was detected, and/or take other appropriate measures. The exclusion has the consequence that no result will be established for the examination concerned. Before the Examination Board decides to make the exclusion, it gives the student the opportunity to give his/her account. 3. The other appropriate measures as referred to in paragraph 2 may consist of, among others, the following sanctions: a. reprimand; b. invalidation of the examination concerned; c. exclusion from the examination concerned for at most one year; d. exclusion from one or more rounds of examinations; e. a combination of the above measures with a maximum of one year. f. in a serious case of fraud the Examination Board may advise the Executive Board to end the enrolment for the programme of the person concerned once and for all. 4 5 Corporate Finance Course name: Course code: Course load: Trimester: Teaching staff: Course structure: Course schedule: Examination: (BAB24) Corporate Finance BAB24 5 ECTS 6 Dr. Anjana Rajamani (co-ordinator) Mr. Jan Wallner & Ms. Lotte de Vos (workshop) Plenary lectures, workshops PL Monday afternoons (with the exception of weeks 17, 19, and 21), WS Wednesday mornings (except weeks 17 & 19) closed-book MC exam (100%) + maximum of 1.0 bonus point (see below) Office Hours Wednesdays, 14:00-15:00 hrs (office T08.34) between 2 April 2014 and 4 June 2014 Course Overview This course is an extensive introduction to the basic tools, techniques and theories that are necessary to understand the financial decision-making in the modern corporation. The themes we deal with in this course are particularly relevant for business decision-making in areas as whether or not to invest in a project, how to finance an investment, and how to deal with uncertainty. Corporate finance can be seen as supportive to other fields such as strategy or marketing; often in these fields the business decisions are formulated (e.g., in what markets or products should we invest), whereas in corporate finance we evaluate these choices and analyse how to fund them best. This course is offered to you by the Finance Department (www.rsm.nl/finance) Learning Goals Following this course, you should be able to: Valuate assets by means of both the net present value and real options. Relate capital budgeting decisions to capital structure decisions. Design a capital structure of a corporation that maximises the value of that company. Hedge financial risks using derivatives. In order to achieve these goals, we deal with the following main topics: Capital Asset Pricing Model (CAPM) and the static trade-off theory of capital structure. 5 6 Modigliani-Miller propositions. Financial derivatives (forwards, futures, financial options). Real options. Financial risk management using derivatives. International finance. In addition to these main topics we deal with some specific topics. Literature Hillier, D., Ross, S.A., R.W. Westerfield, J. Jaffe, and B.D. Jordan (2013) Corporate Finance: 2nd European Edition, Boston, MA: McGraw-Hill. ISBN-13: 9780077154592. Note: Outside campus, this book is also sold with ISBN 13 9780077139148. That TM book comes with the standard, sewed-in login card for the Connect electronic homework manager that lasts for a few months only. I have arranged a special deal for my students (no additional cost) to include an additional 4-year login card. This offer only applies to the campus stores (StudyStore and RSM-STAR). Course Information You are strongly advised to finish the introductory course BAP69 (‘Foundations of Finance and Accounting’) prior to starting with this course. The course load of this BAB24 course has been set at 5 ECTS, representing a time budget of 140 hrs. For this course, you will spend most of the time reading and preparing exercises. The teaching adds up to 20 hrs of plenary lectures, plus 20 hrs of workshops. This leaves you with some 100 hrs of studying, implying ten weeks of 10 hrs of studying. Beware you will need these 10 hrs per week of studying in order to pass with a satisfactory grade. Bear in mind that postponing effort is a poor recipe for success, so please start studying in the first week. You are strongly advised to participate in all lectures and workshops. Examination Dates Final Examination: Thursday, 12 June 2014, 9:30-12:30 hrs. Re-sit Examination: Wednesday, 16 July 2014, 09:30-12:30 hrs. Registration via Osiris required. You can register from 35 to 7 days before the examination. Assessment and Examinations There will be a 100% MC closed book exam consisting of 40 MC questions and covering chapters 12 till 30 of the textbook, EXCEPT FOR chapters 13, 21, 26, 27, and 28. No graphical or programmable calculators are allowed at the exam. 6 7 Bonus System For the current academic year, I offer a bonus system through which a maximum of 1.0 bonus point can be obtained. The following restrictions apply in regard to the bonus system: Participation in the bonus system requires your online availability on Thursdays from 18:30 to 20:30 hrs during the entire course. You must use your Erasmus student e-mail address (e.g., [email protected]) to register at the TM TM online homework manager Connect . If you register at Connect with another email address (Gmail, Yahoo, GMX or such) I cannot and will not process your bonus credits. By participating in the weekly assignments you earn the right to answer two bonus questions on the final exam (and/or resit exam). With these two bonus questions (Questions 41 and 42 on the exam or resit exam) you can earn a maximum of 1.0 bonus point. Your final grade for the course, however, is capped at 10. If you earn the right to answer the two extra bonus questions during the course, they will be applied to the regular examination and also to the July resit in the current academic year (2013-2014). Your score from answering the bonus questions on the exam (and/or resit exam) will be added to your final grade only if: (i) you score 4.5 or more (excluding the bonus questions) on the exam or re-sit (based on question 1 through 40 of the respective exam), and (ii) you have scored a minimum of 60% in at least 6 out of the 10 weekly bonus assignments (see details below). TM Details: Every week I offer a bonus assignment via Connect , which allows you to achieve a maximum of 5 points. If you score 60% or more on a bonus assignment (so at least 3.00 out of 5 points), you will get a score of “1” for that week on the Blackboard Grade Centre (not participating or scoring lower than 60% on the bonus assignment results in a score of “0” for that week). I offer 10 such weekly bonus assignments. If you score 60% or more in at least six of the ten weekly bonus assignments (so at least six times a "1" on BlackBoard GradeCentre), you earn the right to answer two additional bonus questions (questions 41 and 42 on the exam and /or re-sit). These two bonus questions will almost literally be drawn from the set of assigned exercises (see below). With these two bonus questions you can earn a maximum of 1.0 bonus point (so 0.5 points per question). Students Retaking the Course Students retaking the course must complete the assignments and exams as they are required for the current academic year. The examination for re-takers is thus based on the content and conditions that apply to the current academic year (20132014). Bonus credits obtained in previous years will not be valid this academic year. Any bonus credits obtained during the current academic year expire after the resit exam of the current academic year. 7 8 Examination Perusal The date, time and place of the perusal will be announced when the grades are published. I will only organise a plenary perusal for the June exam. RSM Student Representation If you as a student have any comment about the quality of your courses, be it positive or negative, please send an e-mail to the corresponding representative or approach him or her personally after the lecture. For the Corporate Finance course, email: [email protected] Recording/Taping of Lectures Any recording or taping of lectures, workshops and other events at RSM (by students or others) requires the consent of the lecturer/organiser in advance, otherwise it represents illegal action. More information Course updates and documents are posted on BlackBoard: http://bblp.eur.nl/webapps/portal/frameset.jsp?tab_tab_group_id=_2_1&url=%2Fwe bapps%2Fblackboard%2Fexecute%2Flauncher%3Ftype%3DCourse%26id%3D_57 95_1%26url%3D Preliminary exam grades and programme management messages may be posted on SIN-online: http://rsm.sin-online.nl/channel/pub/channel.html?chid=16846 Official exam grades are posted on Osiris: http://osirisstudent.eur.nl/ 8 9 Lecture Schedule The plenary lectures take place on Mondays (with a few exceptions). In essence all lectures will be on Mondays in the weeks between 31 March and 2 June from 13:00-14:45 hrs in M1-12, with a couple of exceptions: On Mondays 21 April and 5 May the university is closed (public holidays). These lectures are delivered on the subsequent Wednesdays (23 April, 7 May) from 9:00-10:45 hrs in CB-1 (see below scheme). Since that timeslot is reserved for the workshops, the workshops for these two weeks will shift one day as well (see below scheme). The lecture originally scheduled for 19 May will take place on 20 May from 13:00-14:45 hrs in CB-5. Date Room Lecture topic 31 March M1-12 Cost of capital and long-term financing Chapters covered 12, 14 7 April M1-12 Capital structure 15 14 April M1-12 Limits to the use of debt 16 23 April CB-1 Dividend policy 18 28 April M1-12 Long-term financing: Issuing securities & long-term debt 19, 20 Valuation for levered firms 17 7 May CB-1 Introduction to options and other derivatives 22 12 May M1-12 Options: Pricing of financial options 22 20 May CB-5 Options: Applications to real options 23, 24 26 May M1-12 Financial risk management using derivatives 25 2 June M1-12 International finance 30 Note: As you may see in the above lecturing schedule, I cannot cover all topics you are required to study for your exam. Nevertheless, the exam is on the entire range of topics indicated under section ‘Assessment and Examinations’. Workshops In addition to the plenary lectures, you may attend the workshops. The workshops are not mandatory, but I strongly recommend you to participate in them. Enrolment is NOT necessary. All workshops take place on Wednesday mornings (09:0010:45 hrs), except for two sessions (see schedule below). We discuss a selection of the end-of-chapter exercises that are suggested for that particular week. Note that for the current year, the workshops take place before the bonus test of that week, which may help you to improve your odds at that week’s bonus test. Each week, I will make the worked-out solutions for all relevant exercises available on TM Connect once the bonus assignment for that week is over. 9 10 Workshop schedule For the Wednesday morning workshops (09:00-10:45 hrs) the following scheme applies (note that two sessions have been moved to a Thursday morning: 24 April and 8 May): Date Room Exercises to prepare 2 April CB-5 Chapter 12: questions 12.32, 12.35, and 12.36 Chapter 14: questions 14.9, and 14.17 Chapter 15: questions 15.12, 15.13, 15.22, and 15.30 9 April CB-1 Chapter 15: questions 15.23, 15.31, 15.32, 15.33, and 15.34 16 April CB-1 Chapter 16: questions 16.17, 16.19, 16.22, 16.23, and 16.25 24 April CB-1 Chapter 18: questions 18.18, 18.22, 18.30, 18.31, and 18.34 30 April CB-1 Chapter 20: questions 20.27, 20.28, 20.30, 20.31, and 20.32 8 May CB-1 Chapter 17: questions 17.8, 17.11, 17.13, 17.14, and 17.25 14 May CB-1 Chapter 22: questions 22.13, 22.15, 22.17, 22.19, and 22.23 21 May CB-1 Chapter 23: questions 23.14, 23.15, 23.17, 23.18, and 23.19 28 May CB-1 Chapter 25: questions 25.23, 25.24, 25.27, 25.36, and 25.37 4 June CB-1 Chapter 30: questions 30.30, 30.32, 30.36, 30.37, and 30.38 Notes: 1. 2. 3. The answers to all end-of-chapter exercises of the book are available on ConTM nect . First do the exercises yourself, then check with the solutions. Beware that sometimes it is possible to arrive at the same answer by means of a simpler or briefer solution. For some end-of-chapter exercises, the book suggests you might use a spreadsheet to find the solution. Most often, however, no spreadsheet is necessary so please calculate using a simple pocket calculator. Per workshop we will discuss approx. 3 exercises in detail. I will indicate on BlackBoard which exercises are selected for discussion. If you have a question regarding any of the other exercises (or if you are still puzzled after a workshop), I kindly invite you to post your question at the respective BlackBoard discussion board (‘Workshop exercises’). Webcast Dr. Arjen Mulder the previous instructor of this course has set up a series of short Webcast videos in which he zooms in on some themes that you may find difficult. All themes are also dealt with in class, but for some of you the explanation may be too brief or fast. If you want to re-visit any of the themes dealt with in class, you can 10 11 watch the webcast videos. These videos typically last between 10-30 minutes, and are meant to help you preparing even better for the exam. All the webcast videos are available in stream, WMV, and Podcast formats. With kind permission from Dr. Mulder these videos will be made available under the webcast page for this course: http://webcast.rsm.nl/RSM/BAB0024 If you have any comments, suggestions for improvements, or suggestions for other themes to be explained in a new video, please drop your notes on the BlackBoard discussion board. Communication In the event you have a question with respect to the course materials, please use the following methods of communication for my BAB24 course: In class, feel free to raise an issue during the lecture (if of interest to the whole group); In class, approach me during the break (if not of interest to the whole group); Ask me after class; Visit my weekly office hours; Make use of one of the BlackBoard discussion boards that I use for this course; E-mail (not preferred). I strongly favour the use of the BlackBoard discussion boards since a wellformulated question is not only likely to get high-quality feedback (which is good for the original poster), but also because once an issue has been resolved others have the option to read the discussion and get informed. Though I cannot guarantee to be involved in each and every discussion, I will do my best during the first nine weeks of the course to participate in the discussions about twice per week. In the last week of my teaching, however, I am probably too busy preparing the exam and I cannot guarantee my BlackBoard participation anymore. After my last lecture I stop participating in the BlackBoard discussions, but I give you the opportunity to continue discussing amongst yourselves. For those of you who wish to send an e-mail, please use the following email address: [email protected]. Please beware that e-mails sent from domains other than “@student.eur.nl” will probably not pass my junk e-mail filter. Use Erasmus student e-mail when e-mailing me. Though I will do my best to read the non-filtered student e-mails, I cannot guarantee that I will answer every individual e-mail. Impolite or inappropriate e-mails will not be answered but forwarded to programme management instead. 11 12 Cross Cultural Management Course name: Course code: Course load: Term: Coordinator: Teaching staff: Course structure: Course schedule: Examination: Course email: Office hours: (BAB23) Cross Cultural Management BAB23 5 ECTS Trimester 2 & Trimester 3 Dr. M. Flory (main coordinator) & drs. G. Touburg (assistant coordinator) Prof. dr. S.J. Magala, dr. J. Essers, dr. M. Flory, dr. S. Mor, drs. G. Touburg, and drs. A. Genc. In the first part of the course (trimester 2) you will have plenary lectures and guest lecturers. The second part of the course (trimester 3) consists of interactive seminars as well as case workshops. In addition you will be engaging in a work-intensive project called “Living Diversity” and an individual assignment “Cross-Cultural Competence” Plenary lectures (Trimester 2): January 8th - March 5th Living Diversity Workshops (Trimester 3): April 1st - June 3rd Case Discussion Workshops (Trimester 3): immediately following the living diversity workshop Mid-term exam, team assignment, and individual assignment [email protected] By appointment 1. General Information 1.1 Course Overview This course aims to provide a comprehensive understanding of the issues involved in cross-cultural and diversity management. While culture became one of the “buzz words” for explaining complex business practices across national divides, less attention has been devoted to an in-depth understanding of cultural diversity inside organizations, institutions and associations and its impact on organizations – their structure, their climate, their performance and their sustainability. This course goes beyond the superficial application of cultural dimensions to the analysis of intra- and inter-organizational processes. Students learn how to balance the emic and etic approaches to organizational and managerial studies and how to design intercultural icebreakers and bridges for a more creative collaboration. The overall purpose of the course is to provide students with means to cope with diversity and complex realities of multicultural collectives, associations, companies, institutions and societies, in which cultural identities can rarely be taken for granted. Having completed the course, students should be able to identify cross-cultural differences, detect value clusters and successfully conduct diagnostic research and managerial/consulting activities across cultural boundaries. They will be offered major theoretical insights into the new and dynamic body of knowledge, and a choice of methodological instruments employed in cross-cultural studies. They will learn how to approach cases, detect managerial implications of cross-cultural differences and conduct in-depth analysis of multiple dimensions and layers of cultural diversity. Finally, they will reflect on their own cultural assumptions and ways in which these assumptions impact their cross-cultural interactions. 12 13 1.2 Learning objectives •Understanding the impact of diversity (national, ethnic, gender, etc.) on management practices and interpersonal collaboration in modern organizations •Getting to know the major theoretical perspectives and frameworks in the field of cross-cultural management and intercultural communication •Understanding one’s own cultural identity and its impact on values, beliefs and behavior (how can one become aware of one’s own biases and start using stereotypes in a non-discriminatory way?) •Improving intercultural communication and cross-cultural management skills •Decoding the (hidden) stereotypes in mass-media messages in order to identify biases and prejudices we are exposed to 2. Course Overview In the first part of the course (trimester 2) you will study the basics in plenary lectures (Magala) and participate in their continuous reinterpretation through guest lecturers involved in the cutting edge developments in the discipline (Minkov, McSweeney, De Waal, Jemielniak). The second part of the course (trimester 3) consists of interactive seminars as well as case workshops. In addition you will be engaging in a work-intensive project called “Living Diversity” and you will be writing an individual assignment to help you develop true “Cross-Cultural Competence”. 2.1 Trimester 2 Managers, consultants and researchers will share their ideas and provide insights for your team work in the second trimester. Therefore attendance is strongly recommended for the first trimester of the course. 2.1.1 Mid-term exam (50% of the final grade) The mid-term exam will consist of 30 multiple-choice questions and 20 “fill-in the blank questions”. It is a closed-book exam. Dictionaries are not allowed. The exam is based on the lectures and prescribed readings. 2.2 Trimester 3 During the second trimester of the course you will participate in workshops every second week of the trimester (5 sessions in total). These sessions are held in smaller groups of approximately 60 people each (you will be assigned to groups during the 2nd trimester). Your presence at the first part of these 5 sessions – in which the teams will present their “Living Diversity” assignment – is mandatory. For the “Living Diversity” assignment you will be working in teams of five, which you will be creating yourselves. 2.2.1 Team Formation You should create a diverse team and submit your team composition via an online form by 16:00 on January 22nd. The link to the form will be provided via Blackboard. The exact team distribution will be announced in the beginning of March. You might want to think about the team formation already at the start of the course. But before you do, please see the Guide to Team Formation for additional information. 13 14 2.2.2 Living Diversity Team Assignment (25% of the final grade; team task) For the “Living Diversity” assignment you and your team will gain insight into the cultural aspects that might be encountered when working in a certain country. The findings are presented in a 20-minute training session for your colleagues during the first part of the workshops in trimester 3. Please see the Guide for the Living Diversity Team Assignment for additional information. 2.2.3 Cross-Cultural Competence Assignment (25%; individual task) In order to enhance your awareness of the role that culture plays in organizations, you will write a short essay on the application of cultural models and frameworks in organizational settings. Please see the Guide for the Cultural-Competence Assignment for additional information. 2.2.4 Case Discussion (max. 0.5 Bonus Points) After each Living Diversity session in trimester 3 a case discussion is held. A week before the class you will receive a small case or exercise, which we are going to analyze together in the second part of each workshop. The discussions will follow a structured approach where each step of the analysis is first prepared in groups of three after which a plenary discussion follows. Case analysis process is not about finding the “right answer”. Rather an analysis of multiple solutions and context-sensitive approaches is what we are searching for. Consequently, the quality of the analysis and how much you will learn in the classes will greatly depend on your preparation! Your participation assessment will be based on the quality rather than quantity of your input. Consequently, make sure you do not monopolize the discussion. A thorough preparation will allow you to add depth to our understanding of the case. Appropriate reference to theories and models should be included in your response. Moreover, you will be judged on the way you structure your response and ability to include your comments at relevant points in time. Take into consideration the flow of the discussion and bring in your points logically, building upon proceeding comments. At all times remain respectful towards the opinions presented by your colleagues. In order to help us to identify you (and note your inputs), it is necessary that you bring a name card to each of the 5 sessions and place it in front of you on the desk. It needs to be acknowledged that grading of in-class participation is a subjective process. However, the guidelines above will help you to structure your responses in line of what we are searching for. Please bear in mind, however, that the actual grading of the in-class participation also depends on the dynamics of the discussion as it unfolds. In total (i.e. for bonus points awarded to individuals and groups), a maximum of 0.5 bonus points can be attained across sessions per individual. The bonus point will be added to your final grade and will only be awarded if the final grade for the entire course is 5.5 or higher. See section 3.1 for an overview of the assessment and an example. 14 15 Trimester 3 Session/Time Place Content Session 10 April 1, 2014 T3-24 Work group (BAB23-13/1) Dr J. Essers 1 South America T3-02 Work group (BAB23-13/2) Dr.S. Mor 2 Case will be announced via Blackboard T3-39 Work group (BAB23-13/3) Drs. G. Touburg 3 Session 10 April 8, 2014 T3-02 Work group (BAB23-13/4) Dr J. Essers 4 09:00-11:45 T3-24 Work group (BAB23-13/5) Dr. S. Mor 5 T3-17 Work group (BAB23-12/6) Drs. G. Touburg 6 G3-26 Work group 2 Dr. S. Mor 09:00-11:45 Session 11 April 11, 2014 09:00-11:45 Session 11 April 22, 2014 09:00-11:45 Session 12 April 29, 2014 09:00-11:45 Africa and Middle East Case will be announced via Blackboard 11:00-13:45 Session 11 April 15, 2014 Preparation Guide T3-24 Work group 1 Dr. J. Essers T3-39 Work group 3 Drs. G. Touburg T3-02 Work group 4 Dr. J. Essers T3-24 Work group 5 Dr. S. Mor T3-31 Work group 6 Drs. G. Touburg T3-24 Work group 1 Dr. J. Essers Asia T3-31 Work group 2 Dr. S. Mor Case will be announced via Blackboard T3-39 Work group 3 Drs. G. Touburg 15 16 Session/Time Place Content Session 12 May 6, 2014 T3-02 Work group 4 Dr J. Essers T3-24 Work group 5 Dr. S. Mor T3-31 Work group 6 Drs. G. Touburg T3-24 Work group 1 Dr J. Essers Europe T3-31 Work group 2 Dr. S. Mor Case will be announced via Blackboard T3-39 Work group 3 Drs. G. Touburg T3-02 Work group 4 Dr J. Essers T3-24 Work group 5 Dr. S. Mor T3-31 Work group 6 Drs. G. Touburg Session 14 Tuesday th May 27 2014 T3-24 Work group 1 Dr. J. Essers North America/Oceania T3-31 Work group 2 Dr. S. Mor Case will be announced via Blackboard 09:00-11:45 T3-39 Work group 3 Drs. G. Touburg Session 14 Tuesday rd June 3 2014 T3-39 Work group 1 Dr J. Essers DEADLINE Cross-Cultural Competence Assignment (via link provided on Blackboard): th May 30 , 16:00 T3-24 Work group 2 Dr. S. Mor 09:00-11:45 T3-31 Work group 3 Drs. G. Touburg 09:00-11:45 Session 13 Tuesday th May 13 2014 09:00-11:45 Session 13 Tuesday th May 20 2014 09:00-11:45 16 Asia Case will be announced via Blackboard 17 3. Examination and Assessment 3.1 Grading Your final grade for this course will be composed of the following: Subcomponent Mid-term exam Teamwork assignment “Living Diversity” Individual assignment “Cross-Cultural Competence” Weight 50% 25% 25% •Points will be subtracted from any work that has been handed in too late (one minute or more past the deadline). •No final grade will be calculated in the event that your exam score (including the re-sit) is lower than 4.5. •A bonus of up to 0.5 point (to be added to your final grade) can be earned through in-class participation during the second trimester of the course. •The bonus point will only be awarded if the final grade for the entire course is 5.5 or higher. Example: If a student were to attain an 8 on the exam (+4.0), an 8 for the Living Diversity assignment (+2.0), and a 6 for the Cross-Cultural Competence assignment (+1.5) the student would have a final grade of 7.5 (4.0+2.0+1.5). If that student would also have been awarded .4 bonus points, then he or she would attain a final grade of 7.9 (7.5 +.4). 3.2 Examination The exam will consist of 30 multiple-choice questions and 20 “fill-in the blank questions”. It is a closed-book exam. Dictionaries are not allowed. The exam is based on the plenary lectures and the following readings: Readings (mandatory): •Steers, R.M., Nardon, L., Sanchez-Runde, C.J., 2013. Management Across Cultures: Developing Global Competencies, second ed. Cambridge University Press, Cambridge. ISBN: 9781107645912 (you may also use the first edition of this book, but please note that the numbering of the chapters is slightly different) •Magala, S.J., 2005. Cross-Cultural Competence. Routledge, Oxon/New York. ISBN: 9780415349666 •Handouts will be posted on Blackboard throughout the course or distributed in hard copies during the plenary lectures. 3.2.1 Examination dates: Examination: March 20, 2014, 9:30-12:30 Re-sit: July 1, 2014, 9:30 – 12:30 17 18 Registration via Osiris required. You can register from 35 to 7 days before the examination. The date, time and place of the perusal will be announced when the grades are published. 3.2 Attendance Attendance is strongly recommended for the first trimester of the course. Managers, consultants and researchers will share their ideas and provide insights for your team work in the second trimester. During the second trimester, attendance during the presentations of the “Living Diversity” assignment is compulsory. If for some reason you will be absent during more than one class, please send an e-mail to [email protected] (please include the phrase “Absent_date_your_name” in the title of your message (e.g. “Absent_jan10_John_Doe”)). 3.3 Transferring old grades •If you received a grade of 4.5 or higher for last year’s (2013) exam, you may transfer the grade. Please note that this grade will now count for 50% of the total grade for the course; this used to be 60%. •You may also transfer last year’s (2013) grade for the Living Diversity assignment. Please note that this grade will now count for 25% of the total grade for the course; this used to be 30%. •Because the Cross-Cultural Competence assignment has been changed significantly, it is not possible to transfer your grade for this part of the course. You need to inform us about your desire to transfer one or more grades before the 8th of January 2014. Only requests sent to [email protected] before that date will be taken into consideration (please include the phrase “Transfer_your_name” in the title of your message (e.g. “Transfer_Jane_Doe”)). Please specify whether the grade you want to transfer is from a regular exam or a re-sit exam. 18 19 Guide to CCM Team Formation Throughout the course you are going to work on the Living Diversity Assignment. You are required to form teams of five, which are going to remain unchanged throughout the course duration. Teams of six and more are not allowed! Please, try to compose diverse teams in terms of gender, nationality and/or ethnicity. To facilitate the process a discussion thread is available for you on Blackboard (“Composing your team” section). You can register your team composition, team name, and your preferences for certain countries via an online form (see URL below). Please keep in mind that you can only choose a country if at least one of your team members is a native of that country. This is to ensure presence of emic knowledge about this particular country in your team. You can only submit your preferences once, so take care to have the following at hand when you browse to the form: Team composition (student names + numbers) Your team’s unique name A list of at least 3 countries in which at least one of your team members has lived for at least two years (this is to increase the likelihood that you will be able to provide an in-depth analysis of the assigned country), in order of preference Based on this list, the instructors, in order to ensure an even distribution, will make the final choice and decide which of the proposed countries will be yours for the remainder of the course. Once you finalize your team composition, please submit one entry per team through the online form. Please note that registering a team will be on a first-come, first-serve basis: the sooner you register, the bigger the likelihood that your first-choice country will be assigned to you. DEADLINE for submitting the composition of your team and country choices nd via the online form: January 22 , 2014, 16:00 19 20 Guide for the Living Diversity Team Assignment Imagine you are a team of consultants asked to prepare a training session for a multinational company, which is about to open a new subsidiary in country X. Your audience is about 40 employees who are going to be relocated to this country or will work in virtual teams with the nationals of the given country. You know that much of the information can be found online, but the client specifically asks for unique and emic insights for their staff and that is the added value they want you to provide. Your job is thus to describe 2-3 most insightful emic, culture specific insights (the concept of emic insights will be discussed in class). Your analysis should go beyond the narrowly defined cultural dimensions. Try to explore the paradoxes of the culture you are investigating and include examples to illustrate your points. Your presentation should be structured in the following way: Intro and overview of the country (including a brief summary of the crosscultural dimension research on that country) Overview of the methodology and data collection 2-3 selected, most relevant emic insights (include business examples that illustrate your arguments) Learning points (please, avoid the does and don’ts, which can be listed in a simple handout and focus on more sophisticated and careful considerations). Think about insights that that will help your viewers in their day-to-day interactions (what should I do when confronted with…) Mention 2 key readings that you would recommend to your colleagues (with the explanation why these, rather than other readings best reflect the culture of the country). At least one of the readings should be an academic article You are required to interview at least 3 representatives of the country: one is a native team member, the other two could be fellow students (no team members), expatriates or people living in the given country, preferably with a background in business. Be creative in selecting and finding your respondents. Please make sure you approach and treat your potential respondents respectfully. Include a full name and an e-mail address or telephone number of your interviewees. We will randomly contact some of them to check if they have participated in your research (this is to prevent students from “creating” some of the respondents). For your endeavors, be sure to take notice of the code of integrity: http://www.eur.nl/fileadmin/ASSETS/abd/Integriteitscode/Erasmus_University_Rotte rdam_Code.pdf Consider multiple media: short podcasts or videos. Include interactive elements, to make sure your training participants are also involved throughout your presentation, but do not go overboard. While the presentation of the results of your teamwork rd takes place in the 3 trimester, we advise you to start working on your assignments straight away. Our experience shows that teams, which do not put sufficient efforts throughout the trimester, have great difficulties with delivering high quality work. 20 21 The presentation will be graded on: Meeting the objectives of the assignment Depth of the analysis Quality of the research Sophistication of your analysis and presentation Structure Relevance of included material Quality of the presentation (are you able to keep your audience’s attention?) Creativity and uniqueness (what innovative tools, methods, resources and approaches did you include?) Make sure that your presentation is interesting, lively and attention grabbing – but above all: informative – for the audience. Checklist Deliverables: Last slide of your presentation should include names and contact details of your respondents (this slide you do not need to show during the presentation – it is only visible to the CCM team) Maximum presentation time is 20 minutes Presentation should consist of Power Point Slides (and if applicable additional files that can be run with Windows Media Player) Include your team name and student numbers on the cover page of the Power Point slides. Use the following file name for the presentation “Living Diversity-[insert your team name here]” (e.g. “Living Diversity-Culture Consultancy”) If you have embedded other media directly in your presentation, make sure these will run on another computer. Additional media files should be compatible with Windows Media Player. If you have multiple files, put these files in a zip folder along with your presentation. Use wetransfer.com to transfer your files to [email protected]. Use a registered email address from one of the team members (preferably an Erasmus student mail address) to send the file. In the message section include the name of your team, your country, names and student numbers of all the team members. st DEADLINE for submitting the presentation via wetransfer.com: March 31 , 1 16:00 1 st Make sure you submit a very last version of your presentation on the 31 . No additional corrections or additions will be allowed! 21 22 Guide for the Cultural-Competence Assignment Create a summary of and reflection on the 2002 exchange between McSweeney and Hofstede in Human Relations. Guidelines The assignment should be between 1500-2000 words long (title page, abstract and references excluded). Use Harvard Style referencing. For further information, review your notes from the Academic Writing course, consult websites (e.g. http://www.eur.nl/ub_informatievaardigheden/ul_instruction/verwijzen _en_citeren/, http://owl.english.purdue.edu/) or use the this online guide with examples: http://guides.is.uwa.edu.au/content.php?pid=43218&sid=318559. Submit the essay in Microsoft Word format (.doc or .docx) through Lawweb Ideally, your paper should have the following structure: o A short introduction/setting the stage o A summary of the ideas and argumentations of both McSweeney and Hofstede; o In what ways and to what extent both scholars agree/disagree; o Your own critical reading of the entire discussion, based on the required readings (this includes the handouts and slides of the lectures), also paying attention to the ways in which your own cross-cultural competencies have been influenced by the course; o A short conclusion. Readings McSweeney, B., 2002. Hofstede's Model of National Cultural Differences and Their Consequences: A Triumph of Faith – A Failure of Analysis. Human Relations, 55, 89-118. Hofstede, G. H., 2002. Dimensions Do Not Exist: A Reply to Brendan McSweeney. Human Relations, 55, 1355-1362. McSweeney, B., 2002. The Essentials of Scholarship: A Reply to Geert Hofstede. Human Relations, 55, 1363-1372. You will be submitting the assignment via a link to the assignment on Blackboard. DEADLINE for submitting the assignment via Blackboard: May 30th, 2014, 16:00. 22 23 International Marketing Research Course name: Course code: Course load: Term: Coordinator: Contact: Office hours: Course structure: Course schedule: Examination: Student Representation: (BAB 11) International Marketing Research BAB11 3 ECTS Trimester 3 G. Paolacci [email protected] by email appointment, [email protected] Combination of Plenary Lectures and assignments Plenary Lectures on Thursday Examination (55%), assignments (45%) [email protected] Course Overview Organizations base their strategies on information about consumers, industrial buyers, distributors, employees, competitors, and suppliers. The International Marketing Research course deals with how to collect and analyze this information. The course applies the knowledge acquired during previous methodology courses to the marketing domain, and integrates it with the most advanced developments in marketing research, such as crowdsourcing. Learning Goals This course aims at enabling you to approach managerial problems scientifically: understand the kind of research that problems require, conduct such research, and use research findings to make informed decisions. To do this, classes integrate marketing applications of previously studied research methods with insights into the opportunities offered by the most advanced techniques in marketing and other managerial fields. Altogether, the course aims at developing the following abilities: • • • • Mastering basic and advanced research methods in marketing; Choosing the best research method to inform a marketing problem; Collecting and analyzing qualitative and quantitative data; Deriving recommendations for your marketing problem. Recommended prior knowledge The course builds on knowledge acquired in the first-year courses Skills 1, 2, and 3 (BAP65, BAP66, BAP67), Quantitative Methods & Techniques: Statistics (BAP58), and Methodology (BAP73), along with the second-year course Applied Business Methods (BAB08). It is assumed that you are familiar with the content of these courses. How the workload is divided The course has three credits (ECTS) and has been designed with the aim of a total workload of 84 hours. Of course, the actual workload varies across individuals, but the following estimates are informative of the effort that you should expect to put into the course: Attend seven lectures (14 hours); Complete assignments (28 23 24 hours); Studying the course materials (39 hours); Take the final exam (3 hours). Required Study Material Customized version (selected chapters) of "Marketing Research" by McDaniel and Gates (ninth edition). ISBN: 9781119927150. Readings posted on Blackboard Lecture slides posted on Blackboard shortly after each class Course Schedule Notes: The schedule is subject to changes. Students are solely responsible to stay up to date by checking SIN-Online and Blackboard. Chapter numbers correspond to those of the customized edition of the book (not of the original version). 1. April 3 (Thursday) 13.00-14.45, Room CB-1 The Marketing Research process Readings: Book Chapters 1-2 2. April 10 (Thursday) 13.00-14.45, Room CB-1 Techniques in Qualitative Research Readings: Book Chapter 3 3. April 17 (Thursday) 13.00-14.45, Room CB-1 Survey Research: Issues in Design and Measurement Readings: Book Chapters 4-6-7-8-9 4. April 24 (Thursday) 13.00-14.45, Room CB-1 Experimental Research Readings: Book Chapter 5, articles on Blackboard 5. May 1 (Thursday) 13.00-14.45, Room CB-1 Data Analysis in Marketing Research You are expected to be familiar with basic statistical tests in hypothesis testing 6. May 8 (Thursday) 13.00-14.45, Room CB-1 Crowdsourcing Marketing Research Readings: articles on Blackboard 7. May 15 (Thursday) 13.00-14.45, Room M2-03 Wrapping up, Q&A Examination Dates (Make sure you register on time on Osiris!) Final Examination: Friday June 20, 2014 – 9:30-12:30 Re-sit Examination: Monday July 14, 2014 – 9:30-12:30 24 25 Final Exam 55% of your final grade depends on the final exam. The exam will be composed of multiple-choice questions. You need to score at least 4.5 on the final exam in order to obtain a grade for the course. Assignments 45% of your final grade on the course depends on three group assignments. Assignments are meant to develop your abilities in fundamental marketing research activities, such as qualitative and survey research. The output of each assignment will be a completed Report Form to be handed in hard copy and posted on Blackboard Safe Assignment. A companion document called “Assignments General Information” will be posted on Blackboard before the beginning of the course including more details. Enrolment in Study Groups You are responsible for forming your own group. Groups can have 4, 5, or 6 students. If you are having troubles forming the group, you can use the forum “Group Formation” on the Blackboard Discussion Board. Once the group is formed, it needs to enroll on SIN-Online. You can enroll at any time between Monday, March 3 and Thursday, April 3 at 23:59. SIN-Online sends an email-confirmation to your student email address. If you have not received a confirmation within 24 hours after the moment of enrolment, please notify Raechel Torner ([email protected]) in order to check your enrolment. The final group composition, together with group numbers, will be announced on Blackboard. Students retaking the course Students who are retaking the course are allowed to keep partial grades from previous years, upon request. In particular, two cases apply: 1) Students who received a grade of ≥5.5 or above on the final exam in a previous year may request to have their exam grade carried over to this year. This request should be made to [email protected] before April 11. If you are planning to carry over your exam grade, please note that you still must register for this year’s final exam via Osiris in order to receive a final grade for the course. 2) Students who received a passing grade (≥5.5) for the assignment in a previous year may request to have their original assignment grade combined with this year’s final exam grade. This request should be made to [email protected] before April 11. The examination for re-takers is based on the content and conditions of the current academic year (2013-2014). Bonus points for research participation RSM Erasmus University is a worldwide leader in management research, through the work of the members of the Erasmus Research Institute of Management (ERIM). ERIM is the joint research institute of RSM and the Erasmus School of Economics. Practically all the teachers that you meet in class are members of the institute and they are active in research two days per week on average. During this term, you will be offered the opportunity to participate in research studies in return for bonus points towards the final grade of this course. Participation is entirely voluntary. 25 26 Participation in these studies will provide you with additional learning opportunities, as a complement to the content of the lectures. Through participation in research studies, you will become aware of the nature and insights of management research and learn about a variety of research areas and methods in an engaging manner. During the lectures of this course, reference will be made to the critical role of empirical research and research methods in producing the business knowledge that is taught in this course. You will be able to earn a maximum of 0.4 points contributing towards your final grade for this course. This means that during this term you can participate for course credits in a maximum of two sessions of approximately 30 minutes. Note that bonus points will only be awarded if the final grade for the course (without bonus) is at least 5.5. You will be able to participate in research studies to earn bonus points for this course between the following dates: 24/03/2014 and 06/06/2014. Additional information about registration procedures will be announced in class and on Blackboard at the beginning of the course. Reminders and deadlines will be communicated during the term via email. Check your student email regularly. All studies will take place at the Erasmus Behavioral Lab (EBL), which is located on th the 12 floor of the T building. To access the lab, you will need to use the elevators located towards the back of the T building. The bonus points are only valid for the current academic year (in other words, the bonus points expire after the re-sit exam). You are responsible for checking that your credits have been attributed to the correct course after each experiment. If a mistake occurred or if you want to reassign your credits to a different subject, please contact the system administrator before the deadline: 06/06/2014. Note that credits earned in past terms cannot be reassigned to this course. You can sign up for a research session via the Erasmus Research Participation System (ERPS). To register, log in at www.rsm.nl/lab. On the platform you will also find FAQs that should answer most of your practical concerns. If you have problems logging in, or if you have any remaining questions regarding the course credits or your profile information, please contact the ERPS administrator, not the teacher(s) of this course. The name of the administrator is Elisa Maira; you can contact her at the following email address: [email protected]. Examination Perusal The date, time and place of the perusal will be announced when the grades are published. RSM Student Representation If you have any comment about the course, be it positive or negative, please email the corresponding representative ([email protected]) or approach him or her personally after the lecture. 26 27 Marketing Management Course name: Course number: Course load: Term: Teaching staff: Course structure: Course schedule: Examination: Student Rep: BlackBoard: (BAB25) Marketing Management BAB25 5 ECTS 3rd Dr. Nicole Mead Combination of plenary lectures and plenary case discussions Plenary lectures and cases Wednesday and Thursdays (3-5pm) Examination (60%) and assignments (40%). See below. [email protected] www.myeur.nl Coordinates Name: Office: Phone: E-mail: Office hours: Dr. Nicole Mead T10-23 010-408-9583 [email protected] Wednesdays after class (5-6 pm) Course Description Marketing strategy is a complex business function that requires a balance of analytic and synthetic skills. This course introduces a series of frameworks and tools which may be used to solve general business problems as well as to develop specific marketing strategies and programs. The analytic part of the course moves from the general to the specific. The course is oriented around understanding the three Cs (customers, company and competitors), developing a strategy for the chosen product/market(s), and translating this strategy into more specific plans through the elements of the marketing mix, the four Ps (product offering, pricing, promotion and physical distribution). The synthesis of all these elements is achieved through case analysis. In addition to bringing together the different theoretical elements in the context of concrete business problems, active participation in case analyses and their discussion in class will (1) allow students to enhance their problem-solving and decision-making abilities in various areas of marketing and (2) provide an opportunity (both written and oral) to develop, present, and defend their own recommendations, and to examine and discuss the recommendations of others critically. Class Meetings Day and time: Wednesdays and Thursdays 3-5pm Room: See SIN for the most accurate location Course Materials Business articles that can be obtained through the library; see reading list below for a link to access those articles Readings and handouts provided via BlackBoard Course packet with copyrighted cases and readings available from the 27 28 StudyStore There is no required textbook for this course, but I recommend the following text for optional background reading: Kotler, Philip and Kevin Lane Keller, Marketing Management, 14th Edition, Pearson Prentice Hall. Course Format Lectures and Class Discussion About three-fourths of the time will be spent on the presentation and discussion of theories, concepts, tools, and empirical findings through lecture and class discussion. Lectures/class discussions are often accompanied by assigned articles and notes. The lecture/discussion will be used to consolidate and extend the concepts developed in the assigned materials. Thus, it is important that you read and study materials prior to class. It is important to note, however, that what I discuss in class is not just a summary of what’s in the readings. (You can read, so why would I merely tell you what you should already know from doing the readings). The lectures contain a lot of information (and provide structure) that is not in the readings and vice versa. Both are important so you need to know both what’s in the readings and what’s in the lectures. All the readings can be found on BlackBoard, through the library, or in the course packet. Case Discussion The remaining fourth of the time will be devoted to analysis and discussion of assigned case studies. Cases put you in the seat of a marketing manager and force you to put the skills and tools you learn in class into practice. Thus, cases are an integral part of your learning in this course. For each case, I will post preparation questions on BlackBoard. These are designed to get you thinking about the important issues in the case but discussion and analysis should never be limited to the posted questions. At the beginning of a case discussion, I will typically start by asking one or more students to answer a specific question or series of questions. Anyone who has thoroughly prepared the case should be able to do a good job on this lead-off assignment. After this initial analysis, the discussion will be open to the rest of the class. In these sessions, I will act to facilitate discussion: first to obtain all views and then help pull together the prevailing views of the discussion. Note that the direction and quality of the discussion is the collective responsibility of the group, not the sole responsibility of the instructor. Make a commitment to be fully engaged in the case learning process. This means devoting time and energy to prepare before class, to listen to others, and engage verbally and thoughtfully in class discussions. You may find it uncomfortable to make decisions – even after you have a thorough analysis. This is normal. Often you may feel as though key pieces of information will be missing. Despite this, you will have to 1) make reasonable assumptions to arrive at a decision 2) defend these assumptions and 3) clearly define the logic of your analysis and subsequent marketing strategy. All of this will increase your comfort 28 29 with making decisions under uncertainty and with limited information, a reality all managers face. A typical request at the end of a case discussion is for me to provide "the answer"? In general, the case method of learning does not provide the answer. In most (but not all) case discussions, several viable answers will be developed and supported by various students within the total group. What is important is that you know what you would have done in that specific marketing situation, and that you begin to construct your own framework for approaching marketing problems in general. Evaluation Evaluation of performance will be based on: Final exam 60% Group case write-ups 40% Note: You need to score at least 4.5 on the final exam in order to pass the course and obtain a grade. Bonus possibilities A bonus of up to 4% can be earned through class participation. If you don't want to talk, an alternative would be to participate in two qualifying experiments at the Erasmus Behavioral Lab (if experiments are available during the term--availability of experiments is not guaranteed). Participation in class or in the experiments is entirely voluntary. The experiments are managed through the Erasmus Research Participation System (ERPS) and administered by Ms. Elisa Maira ([email protected]). More detailed information will be provided via BlackBoard. Note that bonus points will only be awarded if the final grade for the course based on cases and final exam is at least 5.5. Groups This course relies on group work for case preparation and groups are also useful to discuss lecture topics before or after class. A well-functioning discussion group can be a very valuable resource to develop your understanding of the issues and topics raised in the course. The discussion group is a useful and informal forum to generate and test ideas. Group work should also help you develop the critical social skills you need to function in almost any organization. You are responsible for selecting your own group and for managing the division of labor within your group. Group size: Experience indicates that optimum group size is 4-6 persons. Groups of fewer than 4 or more than 6 cannot be allowed. Group composition: The more diverse a group is, the more it provides an groups provide more opportunity to learn, because people from different backgrounds provide more different knowledge, views, and ideas. However, try to minimize diversity in terms of ambition and willingness to work. Find group members who share your 29 30 level of effort and ambition. Also make sure your group members’ schedules are compatible, so you can actually find a time to meet with the whole group. Enrollment in study groups: You should put together your own case group of between 4 and 6 persons and enroll using SIN Online (http://rsm.sinonline.nl/channel/). If there are less than 4 people in your group and you can't find one or more additional group members, you can use the temporary discussion board in BlackBoard for students still looking for group members. I will not monitor this discussion board. Please note that SIN Online can only process enrollments that are filled in completely and correctly. Enrolment starts Monday, March 3. You should register no later than Thursday, April 3. SIN Online sends an email confirmation to your student email address. If you haven’t received a confirmation by SIN Online within 24 hours after the moment of enrolment, please notify Ms. Raechel Torner ([email protected]) in order to check your enrolment. The system can overload if everybody signs up during the last few days, so try to enrol well before April 3. Note that you need to sign up separately for Marketing Management and International Marketing Research. Peer evaluations (to be submitted only in case of free-riding problems): At the end of the course, each group member can submit a peer evaluation form. This evaluation is used to avoid free-riding on your peers’ efforts. Each group member submits an evaluation of each other member’s contribution, with 100% implying that a group member did a fair share of the work. 90%, for example, would indicate that a group member did only 90% of what a fair share of the work would have been. The average rating across all members will be taken as the final peer evaluation rating for a group member. A 90% rating implies that the group member will get 90% of the group grade. If no rating is turned in, a default rating of 100% will be used. Talk to me before things get out of hand: Working in groups is often not easy, and every year some groups fail miserably at maximizing the potential benefits from working in a group. Group problems are part of the learning experience that you have to try to sort out yourselves. If your group experiences group trouble and has tried but failed to work things out, come talk to me. Although I cannot solve your group's problems for you, I may in some cases be able to facilitate the process. It is important that you talk to me before the damage is irreparable. Class Participation How much you learn from this course will depend on your and others' class participation. Each student is expected to be present and prepared to participate (i.e., talk) in each session. Of course, the benefits from class participation depend mostly on its quality, not just its quantity. Grading class participation is necessarily subjective, especially when there are over 300 students, but let me give some idea of what I am looking for when grading class participation bonus points: 1. Analysis: Are you prepared? Do your comments show an in-depth analysis of case or other materials that adds to our understanding of the situation? Do your comments show an understanding of the issue or material at hand? Do you go beyond a mere restatement of data or information in the materials? 30 31 2. Continuity: Are your comments relevant to the discussion? Do they build on previous speakers' contributions and do they evoke follow-up contributions by others? Are you willing to listen and maintain the continuity of the discussion? Are you willing to wait until the discussion reaches the issue you want to comment on? 3. Clarity: Are your comments clear and concise and communicated in a convincing way? 4. Civility: Do you make sure not to monopolize a discussion? How do you deal with people who disagree with you in a heated discussion? Is your criticism constructive or destructive? 5. Identification: I need to be able to identify (and remember) who you are. The remembering part will eventually work out if you participate regularly, but for identification, I need you to put a name card on the desk in front of you. 6. Quality over quantity. Speaking often merely to be heard is not an optimal strategy for making your comments and contribution memorable. Please prepare and bear in mind that there are many students in the class. Do participate, but be conscientious about your contribution. Preparing for Case Discussion When preparing a case, I recommend that you read the case three times. The first time, you quickly read through the text of the case to get a feel for what the case is about and the type of data it contains. The second time, you should carefully work through the exhibits. They're usually there for a reason and will help you in analyzing the situation. You'll often find that you need to do some calculations or reasoning and combining with other data to benefit from the information in the raw data. After the second pass, you should have a good idea of the fundamentals of the case. The third time you search to understand the specific situation and try to get at the root causes of problems. You gather data from the case that will allow you to make specific action recommendations and answers to the assignment questions. You probably want to take a good look at the assignment questions between the second and third reading. Cases often don't have all the data you would like. Nevertheless, you have to come up with recommendations and answers based on the data you have. Cases are different from reality. To highlight specific issues, facts may be distorted and important situational factors might be omitted. Therefore, you should not try to rely on information about the case from outside sources (unless I or the preparation questions suggest you do so). You should also not try to find out what really happened to the company or business as a basis for making your decision. You should not use papers or notes from previous or concurrent marketing courses. For more information, consult the “Working with Cases” document posted on BlackBoard. 31 32 Written Case Analyses Four cases will be assigned for detailed analysis and write-up. The four write-ups are: 1. Cialis (due April 17) 2. Renova (due April 30) 3. Virgin Mobile USA (due May 8) 4. Nike Football (due May 28) All case write-ups are based on a group effort and only one write-up is expected per group. Written case analyses are due at the beginning of class on the day the case is discussed. No late write-ups can be accepted because we discuss the case in class (and it would be unfair to the other students if you could hand in an assignment after we have started analyzing it in class). Note that this means that you give your whole group a zero for a case write-up if you, for example, miss a train or have printer problems and hand in the exam late. Plan for such unforeseen circumstances by building some slack into your time schedule when coming to class on case days. Please identify all written work with all the student ID numbers or names of the group members. The text part of case write-ups cannot exceed two typewritten pages (formatting requirements: double-spaced, 11 point font or higher, Times New Roman font, margins > 2 cm on all sides). Additional material may be included in exhibits (not to exceed two additional pages). To level the playing field, these limits will be strictly enforced. The format for a written case analysis is: 1. A brief opening paragraph which states the problems you're asked to solve. 2. Analysis of the problems. By drawing implications from case facts, data and exhibits you analyze the problems. (Often, the underlying problems are more than the problems explicitly stated by the proponent in the case.) This analysis should lead to strategic recommendations about how to solve the problems (STP; make sure you show how the recommendations follow from your analysis.) Next, give a brief indication of specific (4P) actions you recommend to implement the general strategic recommendations. 3. Exhibits as needed to support your analysis. Some general guidelines for preparing your case write-up: Recommendations should be explained. They should be derived from the data and/or theory in a logical way. Make sure your analysis is coherent and has a clear structure. Make sure sections written by different people make up a coherent whole. Redraft and proofread the report. Be concise. Try not to rephrase the details of the case. Don't unnecessarily restate case facts. Recommendations should be practical, realistic, and feasible. Tie your exhibits to the text of the report. Each exhibit should be sufficiently described in the text so that the reader can easily link its information to your analysis and conclusions. Exhibits should be used to clarify, not to provide 32 33 important information that you couldn't fit into the text pages. It should be perfectly possible to read the text and get all the important information without looking at the exhibits. For example, you would use an exhibit to show your calculations but the conclusions of those calculations should be in the text. The preparation questions should be a guide to what's important in the case. Attempt to integrate your answers to the preparation questions into your overall analysis and recommendation, rather than treat them in piecemeal fashion. Be specific in your recommendations and action plans. Be clear: Avoid jargon and abbreviations. Make sure readers understand your tables, figures, and measures in the exhibits. Don’t dwell on minor issues. Be balanced. Do not use your analysis to push a specific course of action. Don’t ignore information that goes against your recommended course of action. Final Exam The final exam takes place on Wednesday, June 18, 13:30 – 16:30 pm. The re-sit exam takes place on Thursday, July 17, 13:30 – 16:30. The exam (regular as well as re-sit) consists of a mix of multiple choice and open-ended questions. It will be a closed-book exam. The goal of the exam is to test your knowledge of the basic principles, strategies, and tools developed in the course. The goal is not to test your memory for small facts that are memorized the day before the exam. Hence, the best predictor of performance on the exam is conscientious preparation for all the classes through coverage of the reading material, class attendance, and active participation in case discussion and write-ups. Everything discussed during the lectures, everything we talked about in class including case discussions, and all the readings (excluding Kotler) is fair game for the exam. Use of dictionaries is not allowed. Detailed guidelines for the exam will be provided via BlackBoard toward the end of the course. Review of exams is only possible on specific dates and times which are to be determined. Registration via Osiris is required. You can register from 35 to 7 days before the exam. Honesty Honesty and integrity in this course require, among other things, that you adhere to the following rules: You can discuss group assignments only within your study group and with no other person. At no point should you talk with previous students of this or similar courses at this or other universities about the assignments. Do not look for outside information about the cases, unless I or the preparation questions suggest you do so. Nobody in the group can attend a class case discussion session before handing in the group assignment for that case. Do not look at other students' examination materials and do not communicate to anybody during the exam. 33 34 Re-Grading Policy Human errors in grading are rare but can occur from time to time. The re-grading policy is designed to rectify grave and obvious errors and not to allow “whiny” students to bump their grade upwards. Differences in the interpretation of exam questions and answers are an inherent part of asking open-ended questions about complex business issues and are not sufficient grounds for a re-grading request. Thus, please consider your re-grading requests carefully before submitting them and only do so if a clear and serious mistake was made. The request must be submitted in writing with a detailed explanation of why you think the request is legitimate. For case papers, requests should be submitted within seven days of the day I start handing back the case. For the exam and re-sit, review times and regrading request deadlines will be posted on BlackBoard. Answers will not be posted on BlackBoard. Emergencies If you encounter an emergency that prevents you from handing in an assignment or studying for/attending the exam, please let the IBA office or me know immediately. Do not wait until after the assignment deadline or exam to notify us. Deadlines The important deadlines for the course are listed for your convenience in the course schedule. Deadline violations disrupt the progress of the remaining students and are unfair to the class as a whole. Please ensure that you meet the deadlines. Submit things early if you anticipate a problem close to the deadline. Office Hours, etc. The best source of answers to many questions is your study group. However, if they can't help you, you should never hesitate to contact me. The best way to contact me is by email ([email protected]). My office hours are after class on Wednesdays from 5 to 6 pm. I do not use the Discussion Forum on BlackBoard. Repeating the Course General: You can transfer either your case grades or an exam grade from last year (2013). Bonus points and grades from earlier years cannot be transferred. Please see more specific rules below. Cases: If you took BAB25 with Dr. Nicole Mead in the Spring trimester of 2013, you can transfer your case grades to this year's course. This means you do not have to write the case assignments this year. However, this year's case questions on the exam will of course be about this year's, new, cases. Thus, even if you transfer the grades from previous years, it would still help to attend class when we discuss the new cases and study the new cases for the exam. This should not be a lot of work. You have to make a decision as to whether you want to transfer your case grades before the first case is due (on April 16). You cannot do this year's cases and then make the highest of this year's and last year's cases count. This rule exists because allowing people to participate in group work that may not fully can lead 34 35 to tremendous group trouble. What can happen is that one person will start doing this year's cases with a group, but then find out that s/he is really busy and so decides not to put in as much work because s/he still has last year's grades anyway. This scenario is extremely unfair to the other students in the group. I'm not saying this slacking-off problem occurs for everybody or even most, but it might happen to some. If you would like to transfer your case grades from a previous year, you need to (1) make absolutely sure your name or student ID number does not appear on any case analyses I receive this year. If I receive any group case analysis this year that has your name or student ID number on it (even if you don't hand in all four), I'll count all of this year's cases and none of last year's. (2) You also need to let Ms. Annette Bartels ([email protected]) know by email that you want to transfer your case grades from last year (please put “BAB 25 transfer grades” in the subject line of your email). You can do this anytime before June 17. If you are transferring case grades, you should not enroll in a study group. I do not allow transfer of case grades from earlier years (pre-2013) for three reasons. First, I think unlimited transfers provide an incentive to waste students’ own, and graders’, time and resources on many attempts to do well enough on the exam. Second, I feel that redoing only a part of the course over and over again makes the course a little bit too easy to pass. We don’t want people to pass the course because they got lucky on the fourth or fifth attempt to take the exam. Third, I have found that the rules and administration of unlimited transfers get so complex that the risk of errors increases dramatically. Exam: It is possible to use your exam grade from last year (regular exam or re-sit). In that case, you need to let Ms. Annette Bartels ([email protected]) know by email before June 17 and tell her which exam you want to transfer the grade from (regular exam or re-sit; please put “BAB25 transfer grades” in the subject line of your email). Using last year’s exam is only possible if you don’t take an exam (regular or re-sit) this year. Please note that you still need to register for this year’s examination in order to receive a grade for the course. Bonus Points: Bonus points cannot be transferred. You can also not do only the bonus points this year. To receive bonus points, you need to take this year’s exam and/or write this year’s cases. The reason for this is that this would give an incentive for some students to only obtain bonus points if they would have made a difference to their grade in the previous year. This, in turn, might lead to a reduction in the quality of class participation. 35 36 Course Schedule and Reading List Marketing Management 2014 The weekly class schedule is outlined below. The schedule may be modified by the instructor depending on contingencies. Students are solely responsible for staying in touch with the progress of the course and for obtaining additional materials handed out in class or posted on BlackBoard. Additional materials may include short assignments that need to be prepared before class. The reading list is below. To find each reading: R = Reader BB = BlackBoard Articles that are hyperlinked can be accessed through the Erasmus Online Library. Note that, because of copyrights, some articles cannot be accessed with a persistent link. As such, the hyperlink will direct you to the Erasmus Library online full-text access page for that particular article. Simply click on Article and you will be directed to the article. Let me know if you have trouble accessing the readings. Week, Classroom Date Topic, Cases, and Readings Due April 2 Introduction Readings: Marketing Strategy - An Overview (R) Marketing Myopia Strategic Insight in Three Circles Beating the Market with Customer Satisfaction April 3 Segmentation Readings: Note on Consumer Segmentation (R) Segmenting the Base of the Pyramid April 3 Due: Group enrollment via SIN-Online April 9 Targeting Reading: Customer Value Propositions in Business Markets April 10 Positioning Reading: Analyzing Consumer Perceptions (R) April 16 Company & Competitive Analysis Readings: The Coherence Premium Are You Ignoring Trends That Could Shake Up Your Business? 36 37 Strategies to Fight Low-Cost Rivals Should You Launch a Fighter Brand? April 17 Case 1: Cialis Readings: The Case Method of Instruction (BB) Working with Cases (Dolansky; BB) Note on Low-Tech Marketing Math (R) Case: Cialis (R) Due: Case write-up (Cialis) April 23 Channel Strategy Readings: Strategic Channel Design The Future of Shopping April 24 Product and Branding Strategy Readings: Principles of Product Policy (R) Customer-Based Brand Equity (BB) Strategic Brand Valuation April 30 Case 2 Renova Reading: Renova Case (R) Due: Case Write-Up (Renova) May 1 No Class May 7 Pricing Strategy Readings: How Do You Know When the Price is Right? How to Stop Customers from Fixating on Price Pricing to Create Shared Value When Should You Nickle-and-Dime Your Customers? (R) Case: Prentice Machine Tools (BB). Do not prepare in advance; bring a hard or ecopy with you to class. 37 38 May 8 Pricing Strategy Case: Virgin Reading: Virgin Mobile USA (R) Due: Case write-up (Virgin Mobile USA) May 14 No Class May 15 Guest Lecture: Dr. Carlos Lourenço May 21 Promotion Strategy 1 Reading: If Brands Are Built over Years, Why Are They Managed over Quarters? May 22 Promotion Strategy 2 Readings: Let the Response Fit the Scandal The One Thing You Must Get Right When Building a Brand Behold the Extreme Consumers…and Learn to Embrace Them Branding in the Digital Age For Mobile Devices, Think Apps, Not Ads May 28 Capstone Case and Exam Preparation: Nike Football Case: Nike Football: World Cup 2010 South Africa (R) Due: Case write-up (Nike Football) May 29 Ascension Day June 4 No class June 5 No class June 18 Final Exam July 17 Re-sit 38 39 Technology Management Course name: Course code: Course load: Term: Coordinator: Teaching staff: Course structure: Course schedule: Examination: (BAB20) Technology Management BAB20 4 ECTS 2nd & 3rd Trimester Prof. dr. ir. J. Dul (RSM) Dr. C.W. Hagen (TU Delft) Sandra Langeveld MSc. Mandatory: Kick off session (4 April), two feedback sessions (25 April and 16 May) and a final presentation (6 June). Voluntary but strongly recommended: introduction lecture (21 Feb.) and in-between-meetings Fridays in weeks 8, 14, 17, 20 and 23 at Erasmus University Rotterdam and TU Delft Assignment 0 (20%), Assignment 1 (20%), Assignment 2 (20%), Assignment 3 (30%), Presentation (10%) Course Overview 1.1 Subject This course is about the management of a company’s “high-tech”- technology that is embedded in one of the company’s core business or consumer products. The technology is an essential part of the product, but it may become outdated because of the rise of alternative technologies. These emerging technologies have the same functionality as the current technology, but may (in the future) add more value to the company’s core products and its customers. Therefore the new technological developments need to be considered for sustainable competitiveness. It is not evident that a company should always shift to the (technologically better) alternative. Introducing an emerging technology may have serious effects on the product, the production processes, the company at large, and the business environment. Therefore managers should carefully evaluate and compare existing and emerging technologies and their effects. Therefore the main question in this course is: should the company shift to an emerging technology, and if so to which one? The aim of this course is to write a strategic plan for an existing company with hightech products that could apply an alternative technology in one of its core products. In order to reach that goal you have to analyse the company’s current technology and characteristics (Assignment 0), compare the current technology with the emerging ones (Assignment 1), study the effects of emerging technologies on the company and its environment (Assignment 2), and combine this information into a proposal for a technology strategy (Assignment 3), which has to be summarized and presented during an executive presentation (Presentation). 1.2 Relevance For centuries, technology has been one of the most important pillars of the economy. Both in production-oriented sectors and in service companies, technology plays an important role. Without technological progress, companies will lose their competitive advantage. Managers have to face the question of how to make the most of technology. What technology is available and which technological innovations are developing? What might be the consequences of a technology for a company, a 39 40 particular sector or society? What is the role of technology in the strategy of a company regarding its product/services, the production process and the core competencies? In short, how can managers recognize relevant technologies and properly implement them in a company? In this course you will develop a technology strategy for one crucial high-tech technology embedded in a core product of a case company by combining technological and business criteria. 1.3 Focus of the course This course describes how technology can be used in companies. It does not focus on the question of how to meet a short-term demand in the market by means of technology (market pull), but the focus will be on how an upcoming technology can be used in the longer run for redesigning products/services, production processes or core competencies of a company (technology push). Student teams will write strategic recommendations for companies that could apply an emerging high-tech technology. 1.4 Place and function of the course The course builds upon the courses Introduction to International Business (BAP64, trimester 1) and Strategic Business Plan (BAP59, Trimester 2 and 3), is related to Operations Management (BAP57, trimester 2), and uses Skills. The course prepares you for later Bachelor courses with a technology component, like Supply Chain Management (BAD13, Trimester 3) and Innovation Management (BAD01, trimester 3). 1.5 The department The course is offered by the department “Technology and Operation Management”. This department deals with management questions in the field of production, logistics, innovation, product development, quality management, standardisation, and technology and human factors. The department provides the Masters “Innovation management”, Business Information Management and “Supply Chain Management”. 1.6 Cooperation with Delft University of Technology This course is a cooperative effort between RSM and Delft University of Technology (TUD). Approximately 200 students from TUD and approximately 325 RSM students together will follow the course. The students from TUD are first year students that study Applied Physics. The majority of the group of RSM students consist of second year International Business Administration students. English is the working language during this course. The students will cooperate in multidisciplinary teams (4 RSM students and 1-2 TUD students). Before the RSM students and the TUD students start working in their team, the RSM students will first describe the current situation in the company using their management knowledge, and the TUD students will first describe the current and emerging technologies using their engineering knowledge. Afterwards this information will be combined and all members of the team collaborate to make further analyses and formulate a technology strategy. Some team sessions will take place in Rotterdam and some in Delft. The students will be guided by coaches from both universities. The RSM coaches are third year students. The TUD coaches are PhD students or senior students from 40 41 Applied Physics. They will work together in pairs. (More information about coach guidance in paragraph 3.7) 1.7 Cooperation with case companies Each team of students writes a technology strategy for a real company: your case. Each team is connected to a specific company with a specific current technology. The teams must collect publicly available information about the company and its environment. There is no possibility for students to visit the company. On Blackboard there is an interview with the contact person of the company with more details about the company. We have asked the contact persons to attend the last session with final presentations. During this session the students will present their recommendations to the company and the coaches. Learning Goals 2.1 Objectives The objective of this course is to give you an insight into specific high-tech technologies that can offer great value to the case company. In this course you learn to analyse a technology and discover how a company can exploit this technology by combining engineering knowledge with management knowledge. After successful completion of this course you should be able to: Cooperate with students with an engineering background; Use a technology driven method as an alternative way to develop competitive products/services and production processes; Judge the impact of a technology on an organisation and its environment; Write a strategic recommendation for the case company regarding their future use of technology. Course Information 3.1 Recommended prior knowledge It is assumed that you have taken the courses Introduction to International Business (BAP64, trimester 1) and Strategic Business Plan (BAP59, Trimester 2 and 3) 3.2 Composition and registration of teams In this course you work in a team of 5-6 students (4 from RSM and 1-2 from TUD). You enrol in a team via SIN-Online (via My Registrations). Every 9-10 teams will get their own coach duo with the same case company and its technology. Each team for the case company has its own team number. Remember your team number well and mention this on each assignment you hand in! You can register for a team via SIN-Online 27 January 2014-16 February 2014. Before you register please decide which case company/technology you would like to study and on which timeslots you prefer to have the mandatory sessions. Information about the case company and the technology can be found on blackboard. By choosing a specific team number you choose your case company/technology and your timetable (4.2). Team numbers are available on a ‘first come, first serve’ basis. 41 42 You will receive a confirmation of your registration on SIN-Online in your student email account. 3.3 Structuring study time Prepare and attend team-coach meetings (kick off, feedback sessions, in-between-meetings, final presentation seminar) Complete assignment 0 Complete assignment 1 Complete assignment 2 Complete assignment 3 Total 20 hours 20 20 20 32 112 hours hours hours hours hours 3.4 Teaching and learning methods The course consists of the following components: One introduction lecture (highly recommended) Four assignments One kick off session (mandatory attendance) Two feedback sessions (mandatory attendance) In-between-meetings of team with coach Team meetings without coach One final presentation seminar (mandatory attendance) Introduction lecture (21 February) For RSM and TUD students there will be a specific introduction lecture about the course. It is strongly recommended that you attend this lecture because you will get an introduction on the role of technology in businesses and the content of the course will be explained. After this lecture you need to work on Assignment 0. Assignments In the first assignment (Assignment 0) you will carefully describe the current situation of your case company, including the current technology that is embedded in the high-tech product. For your next assignment (Assignment 1) you will meet the engineers (during the “kick off”). In this assignment you compare the current technology with the emerging ones using technological criteria only. Assignment 2 deals with the company in three potential future situations: the company keeps its current technology, the company selects the first emerging technology and the company selects the second emerging technology (and more options if there are more emerging technologies). Now the team compares the three business situations (with three different technologies) using business criteria. In the final assignment (Assignment 3) the team integrates the technological aspects and the business aspects and formulates a well-founded technology strategy for your case company. Kick off (4 April) This is a mandatory session because you will meet your coaches and TUD team members for the first time. They can answer questions that you may have about the current technology. They will inform you about the emerging technologies. Use this session also to get to know your team members and exchange contact details. 42 43 Make sure you all have the same expectation of the teamwork. We will facilitate this process by asking each team to fill in a contract, in order to align the ambitions and strengths and weakness within the team. Feedback sessions (25 April& 16 May) During the feedback sessions the assignments which you hand in are assessed by the coaches. They do this in a conversation of an hour with the whole team. Both the team result and the individual contributions are assessed. Therefore, make sure you learned enough about the technology, the company and the theories you used during the assignment. The feedback sessions are mandatory and are to be seen as partial exams for the course. In-between- meetings of teams and coaches Between sessions, the teams can meet with the coaches to give the coaches insight into the team process and the progress of the assignment, and to receive feedback from the coaches. The teams have to make appointments for these meetings with their own coaches. The place and date have to be agreed upon by both parties. These meetings are on a voluntary basis. We strongly recommend you to have an in-between meeting for every assignment. Team meetings without coach In addition to the team meetings as described above, it is advised that teams meet regularly, without coaches, while working on the assignments. Please keep in mind that the TUD team members have tight schedules (they need to work at the university from 9.00-18.00hrs every day). They have time on Fridays blocked in their agendas for this course. Final presentation seminar (6 June) In the final presentation seminar, student teams will present their recommendations to the company, and will listen to the presentations of other teams. 3.5 Literature On Blackboard you will find articles that will be useful for making the assignments. By way of introduction to the technology, the TUD students have prepared two documents; one describes the current technology and the other one gives you an insight in emerging technologies. You will also need to find further information by yourself. The literature that you use must be of good quality. For example for orientation you may want to use general sources like Wikipedia, but your analyses and recommendations must be based on scientific articles or other reliable information. 3.6 Presence Your presence at the following sessions is mandatory: kick off (4 April), feedback sessions (25 April & 16 May) and the final presentation seminar (6 June). Only personal circumstances that are clearly beyond your control (such as illness, urgent family circumstances, etc.) that have been validated are legitimate reasons for absence. If you are going to miss, or have missed a session because of special circumstances that are beyond one’s control, contact the course coordinators. Make sure you have documents to support your case, like a doctor’s statement. Your coaches will receive a notification when your absence is valid. If you miss a session 43 44 for a reason that is not, according to these rules, deemed valid, your absence will lead to exclusion from the course. Please note that study trips, holidays, job interviews, seminars, business courses, and so on are not valid reasons for being absent from one of the four mandatory sessions. Since this is a learning-by-doing course, the sessions are very valuable. Therefore, we made them mandatory. We don’t have an exam in this course but we do want to make sure that you reach the learning goals. This will be monitored during the sessions. Besides this, you will need the interaction with your team members in order to successfully complete the assignments. The same goes for the feedback you will receive from your coaches. 3.7 Guidance There are two coaches for every 9-10 teams. Each coach duo exists of a PhD candidate or senior students (TUD) and a third year student (RSM). They are both trained for the job. Their task is to guide teams to accomplish the assignments. Note that they are not teachers who provide you with knowledge. They are coaches who will supervise you and help you in the process. The coaches will attend every session and in-between-meetings. In addition, the teams can meet without the presence of coaches. After every deadline the coaches judge the assignments. During the feedback session and physical meeting they will also judge your participation. You can email your coaches for more guidance. The course is organisationally accompanied by a Student Assistant and a Teaching Assistant (Sandra Langeveld). The final responsibility of the course lies with the professors of RSM (Prof. dr. J. Dul) and TUD (Dr. C.W. Hagen). 3.8 Questions? Questions about ... You ask... Organisation of the course Look in the Course manual or on the discussion board on Blackboard. If you cannot find your answer there, ask Sandra Langeveld via email ([email protected]) or via the discussion board on Blackboard. via ... Assignments Your coaches email see BB 3.9 Assessment This course does not have an exam. The following components will be assessed: A. the assignments; B. the presentation; and C. individual participation. 44 45 Component % Final grade 20% Assessment of individual participation Assignment 0: Company and Not assessed current technology Assignment 1: Emerging 20% Exceptional, good, or poor technologies Assignment 2: Effects of 20% Exceptional, good, or poor emerging technologies on the company Assignment 3: Technology 30% Exceptional, good, or poor strategy Presentation 10% Not assessed Note: For each assignment your mark will be rounded to one digit after the decimal point. Your final grade will be calculated from these rounded marks. The assignments will be graded with a team grade on the regular Dutch 1-10 scale. In addition to each assignment you must also hand in a process description (max. 1 A4) signed by every team member. This description gives the coaches an insight of your individual participation because it indicates which person worked on which part. In this description you will also reflect on the team contract (3.4 Kick off). Although each of you may have been working on specific parts, we still expect that you critically read and comment on the parts of your team members and you understand what is handed in. During the feedback sessions you must be able to answer questions about all parts. Each assignment must form one uniform whole with regard to layout and writing-style. Everyone is therefore responsible for the quality of the complete assignment as submitted! This also means that in the event that plagiarism is detected, the entire team will be held responsible. Your coaches will judge your participation based on the feedback sessions, the inbetween-meetings, and the process description. We expect that most students will be judged “good” if the planned time is spent for the course. In that case your contribution to the assignment is good and you can show that you possess sufficient knowledge about the subject during the feedback session. When the coach recognizes that you have put in exceptionally more effort and quality than others, you earn a plus; when your participation was clearly below the average you receive a minus. For every plus you will receive a half point bonus on your final grade and for every minus your final grade will be reduced with half a point. You cannot receive more than 1 bonus point in total. 3.10 Students Retaking the Course Grades which you have gained for the separate components are only valid in the academic year 2013/2014. There are no minimum grade requirements for the individual components. 3.11 Evaluation To monitor the quality of education all courses are evaluated after each trimester. This is done by means of an online survey, administered by an independent office. The evaluation is related to the contents and organisation of the course. Students are informed about this evaluation through SIN-Online by email. RSM Erasmus 45 46 University values the opinions of students concerning the quality of education. The outcomes are discussed by the executive board with the professors and partially given as feedback to the students. 3.12 RSM Student Representation If you as a student have any comment about the quality of your courses, be it positive or negative, please send an email to the corresponding representative, fill in the feedback form on the website (www.rsmsr.nl), or approach him or her personally after the lecture. RSM SR email: [email protected] Schedule 4.1 Important dates Week 7 Date Sunday 16 February 14 16 16 16-17 18 18 Friday February 21 Friday March 7 11.00h Friday April 4 18-19 20 20 20-21 22 22 Friday April 19 11.00h Friday April 25 Friday May 9 11.00h Friday May 16 Friday May 30 11.00h Friday June 6 Activity Deadline registration for a team Introduction lecture Deadline assignment 0 Kick off In-between-meetings Deadline assignment 1 Feedback session 1 In-between-meetings Deadline assignment 2 Feedback session 2 In-between-meetings Deadline assignment 3 End presentation Location (Sin Online) RSM Erasmus University (Blackboard) RSM Erasmus University (Blackboard) Delft University of Technology (Blackboard) RSM Erasmus University (Blackboard) Delft University of Technology Schedule The detailed schedule and overview of companies is available via Blackboard. 46 47 International Business Administration (BSc IBA) – Academic Year 2013-2014 47 48 Sustainable RSM Student Committee M AKING SUSTAINABILITY P ERSONAL Sustainable RSM Student Committee is a group of motivated students actively working towards a more sustainable campus. Our mission is to create awareness and action among RSM’s students and faculty staff about environmental and social issues in and related to our business school. This year 27 students from over 13 different nationalities are active within our five project groups. We are a flat organisation that encourages members of the different project groups to share ideas and experiences, and to discuss important changes in the student committee with all members. We thrive on our member’s motivation to have a personal impact, and to inspire others to do likewise. Members engage in their projects’ work as well as monthly active member events and general meetings. CURRENT PROJECT GROUPS ARE: • Flyer Initiative: aims at discourage the use of flyers on campus. • Marketing: supports our promotional and communicational efforts of sustainability on campus. • Events: organises guest lectures, field trips to sustainable business operations, and events such as Earth Day and Sustainability Day. • Sustainable Consulting: offers advice to organisations on how to behave in a more ethical, responsible and sustainable way and on research or promotional matters. • Reducing Plastic/Paper Cups: encourages all the on-campus restaurants and cafés to reduce their usage of plastic or paper cups and promotes re-usable thermo mugs and water bottles. JOIN US, MAKE AN IMPACT. • meet students with similar interest in sustainability and business. • interact directly with other students and all other RSM stakeholders such as professors and guest lecturers. • practice your business skills. • help RSM set the example for other business schools in terms of sustainability. UPCOMING: Recruitment for next year’s board in May 2014! Contact us at [email protected] Website: sustainable.rsm.nl (the student committee tab) 48 49 Satisfied or Dissatisfied with your courses? Speak your mind and contact us with your complaints or suggestions at [email protected] We are always looking for motivated students interested in improving courses of the International Business Administration program. If you want to become a part of the Student Representation, please contact us. Website: www.rsmsr.nl Email: [email protected]. 49
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