Course Manual INTERNATIONAL BUSINESS ADMINISTRATION st 1 Year Bachelor 2013/2014 SECOND TRIMESTER: WEEK 49 – WEEK 12 TABLE OF CONTENTS General Information Student Advisers RSM Rules Article 3.4 – Fraud st 1 Year Student Mentor Programme – Making IBA Work for You (BAP-MG) Microeconomics & Markets (BAP68) Operations Management (BAP 57) QMT: Statistics (BAP58) Skills 2: Effective Business Communication (BAP66) Strategic Business Plan (BAP059) 2 2 3 4 5 8 14 28 34 38 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. 1 GENERAL INFORMATION You can download the Bachelor 1 Trimester 2 course manual, schedule, and book list via the RSM IBA Current Students page (www.rsm.nl/currentstudents/iba). Also be sure to subscribe to all of your trimester 2 courses via SIN-Online. 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 2 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. We also recommend that you subscribe to the following SIN channels: RSM Bachelor 1 International Business Administration - IBA B1 general information channel with messages from programme management. RSM Examination Board - The RSM Examination Board’s own channel. Tentamenlocaties (Dutch for Examination Locations) – this is where seating assignments for exams in the M-hall are announced. IBA Notice Board - where all non-programme related messages for IBA students are posted. 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: www.rsm.nl/studyadvice. 2 RSM RULES 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 (available on the RSM Current Students website: http://www.rsm.nl/current-students/iba/). Binding Study Advice rule The Binding Study Advice (BSA) implies that students need to pass all their first year courses in their first year of studies. For more information about BSA, go to: http://www.rsm.nl/current-students/iba/. 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. For the examinations of course year B1, the following rule applies: Once the BSA norm (as specified in Article 9.2 of the Rules and Guidelines) is met, with or without compensation, these examinations may not be retaken. st Compensation rule for 1 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 Teaching & Examination regulations for detailed information) Period of validity of grades Final course grades (published in Osiris) for the bachelor programme are valid for 6 years. The final course grades (published in Osiris) for the master programmes are valid for 3 years. (Consult Examination Regulations for detailed information) Max. 4 re-sits RSM would like to help students complete their bachelor's on time; meeting the Binding Study Advice (BSA) requirement is a first step in this direction. By limiting the number of B1 re-sits, RSM wants to encourage all students to pass the B1 regular exams and not wait until the summer re-sit period. What happens if you take more than 4 B1 re-sits? The number of exams that you take will be checked subsequently, only the first 4 results of re-sits (in chronological order) will be administered on your final grade list. The results of all your other B1 re-sits will be invalidated by the RSM Examination Board. 3 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. 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 1st Year Student Mentor Programme – Making IBA Work for You Course name: Course code: Course load: Term: Coordinator: Teaching staff: Course structure: Examination: SIN-Online: Student Representation: Office Hours: BAP-MG Mentor Programme BAP-MG Not applicable 1&2 Ms Shouhe Kuo Mentors – 2nd year IBA students Workshops of 1.5 hrs No exams for this course, successful completion rests on your participation, handing in a series of assignments and your attendance Additional information about the course will be announced on the SIN-Online channel: ‘1st Year Student Mentor Programme’. [email protected] By appointment only Course Overview The First Year Mentor Programme: Making IBA Work For You is both an opportunity and resource for incoming IBA Students. The BAP-MG Mentor Programme was developed to support first year students as they make their adjustment to university life in the international setting offered by IBA. This programme is not a course in the traditional sense. The sessions are led by second year IBA students all of whom have been through the Mentor Programme last year and have decided to pass on their experience and knowledge to incoming students. During the sessions you will have the opportunity to meet with fellow students, to support yourself as you make the most of your studies, to share experience and knowledge about ways to navigate the classroom setting and information that is offered to you, to adjust to student life in Rotterdam and get tips about how to best make use of the resources available to you. In addition, the Mentor Programme serves as a bridge to help you adjust to the IBA culture and become part of the larger IBA community. Your mentor and fellow students can all serve as resources so that you can truly make the best of IBA. The course consists of 10 sessions with your mentor group, beginning the first week of studies and ending in the middle of trimester 2. In addition to these group sessions you will also have 2 individual interviews with your mentors. Please note that attendance for the Mentor Programme is mandatory! 5 Session descriptions in trimester 2 SESSION 9 REVISITING YOUR GOALS Taking Steps to Realize your Expectations Goals: Opportunity to share experiences to date about your expectations Explore ways together to make sure that your coming trimesters are best for you both in your personal and study life. Provide a chance to make your expectations more concrete and set specific goals for the coming months. Provide you with a background about how learning values may influence how you experience classes Now that the first trimester is over, you are hopefully becoming acquainted with university life and your studies. This is a good moment to broaden your focus and look at your expectations, goals, dreams and hopes for your university time. What would you like to do? What would you like to achieve? What are your hopes and your fears for the year, and how can you support yourself so that your hopes become a reality and your fears stay manageable. INTERVIEW 2 Goals: WITH YOUR MENTOR Evaluate how you have done so far in your studies and look at what you may want to change or keep the same. Talk about the Binding Study Advice (BSA). Discuss any concerns you may have. This second interview will take place upon return to IBA after your holidays. Your mentor will make an appointment with you to meet at a time that is convenient to both of you. The session is dedicated to helping you evaluate how you are doing so far in your studies and to make sure that you are on the right track. You will have the opportunity during this interview to learn more about how the Binding Study Advice works and to share any concerns you may have with your mentor. 6 SESSION 10 ON YOUR OWN Last session – Finishing well Goal: Create a good end to these sessions. This final session provides you with a chance to look back at what you have experienced together and look forward to the next phase of your studies. It is a last opportunity to formally meet as a mentor group for this purpose. The form of the session will be decided upon together with your mentor. Literature A Student Guide is provided with this course. 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. RSM SR email: [email protected] 7 Microeconomics & Markets Course name: Course code: Course load: Term: Course coordinator: Educational form: Examination: (BAP68) Microeconomics & Markets BAP68 5 ECTS Trimester 2 Benoit S. Y. Crutzen Weekly lectures on Tuesdays, 13.00-14.45 hrs (and one lecture on Thursday 9 January 2014 from 13.00-14.45 hrs. Weekly workshops on Fridays and Electronic tests on Thursdays Closed book open questions (namely exercises to solve, both the midterm and the final exam) Teaching Staff 1. Lecturer The lecturer for the course is Benoit S. Y. Crutzen, email: [email protected]. Consulting can be arranged most easily via email. I am located in the Hbuilding, H9-13, in the Department of Economics, Erasmus School of Economics. 2. Workshop Teaching Assistants At the start of the trimester you will be allocated to a workshop group. It is important that you remain with this workshop group during the entire course. The workshop teaching assistants are your first port of call, for explanation of problems and exercises. The teaching assistants for this year will be announced on Blackboard. 3. E-tests Electronic tests will be conducted via Maple T.A. Access to tests occurs via your Blackboard page. In the weeks where an electronic test is conducted (see the schedule on the next page) the test will be available to take on the Thursday of that week from 6pm to 11.59pm only. Course Description The subject of this course is the economic choices of individuals and firms, and the way in which these choices interact in markets. The first part of the course focuses on developing a sound understanding of the basic principles of consumer choice and the efficient use of inputs by firms. The second part of the course brings consumers and firms to the market place. Here we study how different market structures (perfect competition, monopoly, oligopoly, etc.) affect pricing and the allocation of resources. The final part of the course contains an introduction to game theory. We will see how game theory can be used to analyze the behaviour of firms in market structures where firms interact strategically and over time. The course emphasizes theory over data. We shall use mathematical tools such as graphs, equations, and calculus. 8 Course Objectives After taking the course students will be able to: - - - Formulate objective functions for economic agents such as firms and consumers. Be able to solve and interpret optimal solutions to economic problems. Understand the determinants of price formation and resource allocation and its interdependence with market structures Understand the basic implications for resource allocation and the distribution of economic surplus when firms have market power Formulate and analyze industry situations of strategic interdependence as a game, and apply basic solution concepts from game theory to such situations Basic understanding of the role of asymmetric information in markets and the role of regulators Course Content 1. Lectures Lectures are on Tuesdays from 13.00 to 14.45 hrs and one lecture on Thursday 9 January 2014 from 13.00-14.45 hrs. Each lecture deals with a particular topic. I shall announce this topic in advance. Prior to the lecture I will upload lecture slides (PowerPoint) to the Blackboard page of the course. You can find a schematic preliminary overview of all sessions and their content in this course manual. Conduct: Attendance to lectures is not compulsory. If you think you can spend your time better doing something else, feel free to do so. Please be on time and silent during lectures if you plan to attend these. 2. Workshops Workshop groups meet Fridays (check your SIN-Online timetable for details). All students are assigned to a workshop group by the IBA Programme Management. The group compositions are final and cannot be changed during the trimester. In total there are 10 workshops. There are two types of workshops sessions: 1) Experimental Sections 2) Problem Solving Sections. In the 4 Experimental Sections we run classroom experiments. The instructions and subsequent homework exercises for these sections are in the second textbook (BM) listed below. In the Problem Solving Sections we will go through problems. There are three types of problems we will cover: (1) Analysis of the experimental data from the Experimental Sections, (2) Problems from the book or set by the lecturer, (3) Old exam problems. 9 Sufficient workshop attendance is compulsory in order to be able to sit the exam. You must attend at least 7 out of 10 sessions to be allowed to take the regular exam in March. After each workshop session your attendance record will be updated on SIN-Online. Teaching Assistants will take attendance, so as to avoid students signing up for other students. 2.1. Experimental Sections The experimental sections are designed for you to get a hands-on feel for how markets work. These sections are a chance for you to engage with the theoretical material in a different way, to have fun, and to earn course credit while you do it. By participating in the Experimental Sections you can earn an additional course credit worth up to 0.5 points. In each experimental section you will have the opportunity to participate in a market experiment along with your colleagues. By participating in the experiments you will make profits measured in ECU (Experimental Currency Units) e.g. as a firm or a consumer. At the end of the course we will convert your total winnings into the course credit. In order to as high a credit as possible in each experimental session you will fill out a form with your student ID that contains your choices in the experiment. In order to be able to record your winnings it is absolutely crucial that you fill out these forms correctly. Therefore it is a good idea to always come prepared to the sessions by reading the experimental set-up in advance, and doing the warm-up exercises. 3. Electronic Tests A set of 6 electronic tests (e-tests) will be administered via Maple T.A. You can access the test by logging in to Blackboard. Each test will have between 5 to 7 problems. Some problems may have several questions embedded. Answer possibilities will vary between freeform, true/false and multiple choice. In any given test each question carries equal weight. E-tests count for 10% of your final grade. Each e-test that you fail (to do) reduces your grade by roughly 0.167. Thus, failing to do any e-test implies that the maximum grade you can get in this course is 9 out of 10. Time: If there is a test administered in any given week it will be available to take on the Thursday of that week from 6pm to 11.59 pm. Once you start a test you will have between 30-45 minutes (depending on the number of question in the test) to complete it. You must complete the test before 11.59pm. Number of tries: You will be allowed to try the test two times. The system will count only the test where you scored the highest. 10 Overview of Lecture, Workshop and E-tests Week 49 Week 50 Week 2 Tuesda y 7 January 2014 Week 2 Thursda y 9 January 2014 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Lecture Introduction; Demand and Supply Readings: (B) Chapters 1,2 Demand and Supply cont.; Elasticities Readings: (B) Chapter 3 Foundations of Markets I: Consumer Choice Readings: (B) Chapter 4 Workshop E-test Topics Demand and Supply Problem Set 1 Elasticities Problem Set 2 Consumer Choice Foundations of Markets II: Production Readings: (B) Chapter 5 Market Structure I: Perfect competition to Monopoly Readings: (B) Chapter 8 Pricing for firms with Market Power Readings: (B) Chapter 11 Market Structure II: Oligopoly Readings: (B) Chapter 9 Game Theory I: Simultaneous Move Games Readings: (B) Chapters 1, 10 Game Theory II: Dynamic Games Readings: (B) Chapter 10 Information Economics Readings: (B) Chapters 6, 12 Q&A session to prepare for the exam Firm Production Problem Set 3 Experiment I: (BM) Chapter 5 Perfect Competition, Monopoly Problem Set 4 Monopoly and Price Discrimination Problem Set 5 Experiment II: (BM) Chapter 6 Problem Set 6 Oligopoly, Problem Set 7 Experiment III: (BM) Chapter 8 Game Theory Problem Set 8 Review: Midterm Problem Set 9 Experiment IV: (BM) Chapter 14 Problem Set 10 Information and choice 11 Game Theory Literature We will make use of two textbooks for this course. (B) (BM) M. Baye, Managerial Economics and Business Strategy, 7th th ed. (2010) or 8 ed (soon out). T. Bergstrom and J. Miller, Experiments with Economic nd Principles: Microeconomics, 2 ed. (2000) The main textbook for this course is (B). The lectures will mainly follow the material in (B). I very strongly advise students to also buy access to Connect, McGraw-Hill’s online study platform that comes with the book by Baye. This is a very useful platform, full of exercises, questions and study advices and tips that could really help you study for this course. I will provide the URL code to the course website (which you need when you buy access to Connect) at the beginning of the course, in the first lecture (the code will also be on the slides of the first lecture). (BM) is predominantly used in the workshop sessions for the experimental sessions we will be doing (see below). Both (B) and (BM) textbooks are available at StudyStore and STAR. I shall assign readings from the books. All assigned readings are relevant for the exam, not only those covered in the lecture. When we have had our final lecture I shall post a precise description of the exam relevant material. Assessment and Examinations There will be two exams: one mid-term and a final exam. Registration via SIN-Online: Mid-term: Thursday 23 January 2014 from 18.30-19.30 hrs Registration via Osiris: Final Examination: Wednesday 19 March 2014 from13.30-15.30 hrs Re-sit Examination: Friday18 July 2014 from 13.30-15.30 hrs You can register from 35 to 7 days before the examination date. Mid-term The mid-term will be conducted in the Exam hall, M-building. The mid-term will be a one hour exam (closed book) with open questions. Your grade from the midterm comprises 10% of the final grade. There is no re-sit if you miss the midterm exam. Thus missing the midterm implies that the maximum final grade you can score is 9 out of 10. Final Exam The final exam is a two hour closed-book open-questions exam. It consists of 4 questions. Each question can yield a maximum of 20 points. Thus the maximum score you can get in the final exam is 80, making up 80% of the final grade. 12 Final Grade Your final grade is determined by the grade for the midterm + the grade in the final exam + your e-test score + bonus from Experimental Sections, and is capped at a 10.0. Rounding will occur to the closest single digit only. The date, time and the place of the perusal will be announced when the grades are published. 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 or approach him or her personally after the lecture. RSM SR email: [email protected] 13 Operations Management Course name: Course code: Course load: Term: Coordinator: Teaching staff: Course structure: Course schedule: Examination: BAP 57 Operations Management BAP 57 140 hours (5 ECTS) 2 Dr. F.J. Sting Prof.dr. M.B.M. de Koster Dr. F.J. Sting Plenary lectures, exercises lectures, and electronic take home exams Monday (plenary lectures) Tuesday (exercises lectures) Electronic take home exams (20%) and closed book, written examination with multiple choice and open questions (80%) Contact Information Questions regarding ... are directed at ... to ... by ... content of lectures Dr. F.J. Sting any time Discussion Board (on Blackboard) organisation of lectures, ETHE and exams (general) Please look in this Course Manual or on Blackboard. exemptions to rules Examination Board Long term absence (for example, due to illness) and other personal circumstances Student advisers, office: T05-23 Ms. T. den www.rsm.nl/studye-mail: advice Hartog & [email protected] Ms. Rally Schwachöfer Electronic Take Home Exams For questions related to the ETHE, please read the sections specifically dedicated to this subject in this Course Manual. ERPS bonus points system Ms. E. Maira RSM Examination depending on type Board of request e-mail: [email protected] working days 9:00 - 17:00 14 e-mail: [email protected] Course Overview Subject In this course Operations Management, primary processes related to the creation and realisation of tangible products and services will be treated. Operations Management usually denotes the management of such processes; Information Management, Financial Management, Personnel Management etc. are termed as secondary (supporting) processes. In this course we concentrate on the organisation of the primary processes, namely, purchase, production, distribution, and support services. The organisation of industrial businesses involves, among other things, the choice of mechanisation and automation using information technology and the effective deployment of logistics. Primary processes are strongly based on all of these functional activities of an enterprise, starting from Research to Marketing, that have either direct or indirect relations with the production processes, and that add value to the product or service. Relevance Every organisation carries out both primary and secondary processes. In the primary processes, the value-addition takes place through the creation of a product or service and the distribution to the customer. Primary processes in automobile industries, for instance, consist of the following: development and prototyping of new models and features; efficient purchasing and assembling activities of the required components; taking care of the efficiency of supply and transport logistics; finding the right market and supplying automobiles to such markets. For companies like Mc Donald’s, primary processes consist of development and improvement of new products; finding good suppliers worldwide; supplying and distributing to various distribution centres, factories and restaurants; the production and sale process within the restaurants and the recycling of the waste products. It is clear that the primary processes of such organisations might differ; however, there are some similarities as well. Characteristics of the course The essential point of the subject forms the fundamental idea that effective management of product or service producing organisations, some of them being extremely complex, requires an integral approach. Herewith a large number of disciplines play a role. In order to provide insight into what is really the role of different disciplines in various organisations, it is essential to have a closer look at the qualities of the contemporary organisations that operate in a dynamic world under the pressure of international competition. Besides a strategic analysis, there is a need to know about the decisions that have the greatest influence at tactical and operational levels. These include hierarchical planning and control systems, choice of production systems, and production layout. Place and function within the curriculum The course may be seen as an introductory building-block to management studies. The introductory character can be derived from the fact that various subjects treated here have relevance to different sorts of organisations. The 15 subjects that receive a more in-depth study in the form of compulsory and optional subjects in later years of the curriculum are: product and process innovation, sales and marketing, operations and logistics management. Learning goals Goals of the course The aim of the course is to provide insight into features of primary processes and into the design, operation and control of such processes in production and service organisations. At the end of the course should the students be able to define different basic concepts of primary processes, to understand their characteristics, and to apply in practice where process design and control will be the centre of concern. Main topics covered The subjects that will be dealt with in this course can be roughly divided into three categories. In the electronic version of this course manual (on Blackboard), you can use the colours of the subjects to identify them in the lecture schedule. For a detailed overview of the required materials to study for the examination, see the section Literature in this course manual. Performance requirements and analysis Chapter 1: Introduction to Operations Management Chapter 2: The Global Environment and Operations Strategy Module D: Queuing Models Module E: Learning Curves Module F: Modeling with Simulation Reader DPE: Deterministic performance estimation Chapter 4: Forecasting Demand Process design Chapter 5: Product Design Chapter 6: Quality Management and International Standards Supplement 6: Statistical Process Control Chapter 7: Process Design Supplement 7: Capacity Planning Chapter 9: Layout Decisions Chapter 10: Job Design and Work Measurement Planning and Scheduling Chapter 12: Managing Inventory Chapter 13: Aggregate Scheduling Chapter 14 + DB: Materials Requirement Planning and ERP Chapter 15: Scheduling for the Short Term Chapter 16: JIT, Lean Operations, and the Toyota Production System 16 Knowledge and skills At the end of the course, students must have acquired knowledge and skills concerning the importance of primary processes for production and service organisations; the organisation of different primary processes in various companies; similarities and differences in primary processes of different organisations; planning and management concepts of primary processes. Learning objectives For “Performance requirements and analysis” you must be able to make and explain calculations on the subjects of waiting lines, deterministic performance estimation, learning curves, and forecasting. Furthermore, you must be able to explain the treated concepts, their usefulness, their pros and cons, as well as understand the interplay between the various factors such as the effect of stochasticity on performance indicators. For “Process design” you should be able to reproduce, explain, identify and compare the topics treated in the book and in the lectures. Furthermore, you must be able to calculate statistical process control variables (supplement 6); calculate material handling costs using fromto matrices for process oriented layouts; and calculate cycle times, number of workstations and the efficiency for assembly lines (Ch. 9) For “Planning and Scheduling” you must be able to make calculations with the models presented in the book and at the lectures, as well as reproduce, explain, identify and compare all issues, topics and definitions treated. Course information Hours to spend on this course Overview lectures 20 Hours Exercises lectures 15 Hours Electronic take home exams 16 Hours Examination 3 Hours Preparation for: lectures, electronic take home exams, and examination Total 86 hours 140 hours Form of the course All parts of this course are of equal importance to obtain the desired knowledge. The overview lectures are intended to give an overview of the subject and to explain additions to the book. The exercises lectures and electronic take home exams give the student hands-on experience with some of the subjects of this course. 17 Rules for participation Overview lectures: not compulsory Exercises lectures: not compulsory Electronic Take Home Exams: Compulsory It is, however, strongly advised to attend all lectures of this course, and especially to participate in the Electronic Take Home Exams to increase the chances of passing the examination. The subjects treated in all overview lectures, exercises lectures and the Electronic Take Home Exams will be tested in the final examination. Examinations and perusals Examination dates Examination Day Time March 13, 2014 13:30 - 16:30 Re-examination July 11, 2014 13:30 - 16:30 Registration via Osiris is required. Students can register from 35 to 7 days before the date of the examination. Type of questions at the examination The examination consists of open questions as well as multiple-choice questions. There will be questions concerning all parts of the course, including but not restricted to the Electronic Take Home Exams and exercises lectures. The examination is a closed-book exam. You will be permitted to use an alphanumerical, non-programmable calculator during the examination. Any other electronic equipment (including, but not limited to programmable calculators, graphical calculators, electronic dictionaries, and mobile phones) is not allowed at the examination. Examples of exam questions Old exams will be made available on the Blackboard. These exam questions will be partly treated in the last exercises lecture. After the exam / perusals The first working day after an examination, the examination itself and the answers to all questions will be made available on Blackboard. About three weeks after each exam, a "perusal" is held which offers students the possibility to review their own work (after grading). Remarks about the examination can be put on a dedicated forum of the Discussion Board of Blackboard. Please check Blackboard for information on dates, times and locations for these sessions. 18 Examination rules Check the examination rules before attending an exam. Check the exam locations channel (‘Tentamenlocaties’) one day in advance to verify the location. Literature Book The following chapters are part of the compulsory literature: Heizer, J. & Render, B., Operations Management, 11th edition, Prentice Hall, 2013, ISBN 9781783761944 . Purchase the book from bookshop on campus or from the STAR study association in order to get the special RSM package with a 24 month access code for MYOMLAB (required for the ETHE). The standard book package bought elsewhere only provides a one year access code. Chapter title chapter 1 Introduction to Operations Management remarks chapter 2 The Global Environment and Operations Strategy The subsections (blue-green headers) "Exponential smoothing with trend adjustment" and "Trend projections" (pages 152-157) do not need to be studied. The section (dark blue header) "Associative forecasting methods: regression and correlation analysis" (pages 162-168) does not need to be studied. chapter 4 Forecasting Demand chapter 5 Product Design chapter 6 Quality Management and International Standards supplement 6 Statistical Process Control Pages 285-290 do not need to be studied. chapter 7 Process Design supplement 7 Capacity Planning chapter 9 Layout Decisions chapter 10 Job Design and Measurement chapter 12 Managing Inventory chapter 13 Aggregate Scheduling chapter 14 The sections "MRP structure" (p. 595-599) Materials requirement and "Lot-sizing techniques" (p. 600-604) do planning (MRP) and ERP not need to be studied. chapter 15 Scheduling for the Short Johnson's rule (p. 639-640) does not have to Term be studied. Work Pages 444-454 do not need to be studied. Example 5 on pages 567-569 does not need to be studied. 19 chapter 16 JIT, Lean Operations and the Toyota Production System You do not have to be able to use or memorise the M/M/S formulas from the book (on pages 782-783). However, you must be able to apply the M/M/S model using a table. The section "Model D: Limited population model" (pages 787-789) does not need to be studied. module D Queuing Models module E Learning curves module F Modeling with Simulation CD tutorial 1 Statistical managers tools Pages 823-827 do not need to be studied. for This chapter can be found on Blackboard (under Course Information - literature). Other compulsory materials Errata to the book of Heizer and Render. Durlinger, P.P.J. and Bemelmans, R.P.H.G., "Logistieke Technieken", Materials Requirements Planning, Chapter 3, 1999. Sections 3.4.2 and 3.4.3 do not have to be studied. Theory and concepts from the MRP Adventure Game Case (a software program which is available on the school's network and downloadable from Blackboard) reader "Deterministic Performance Estimation" Lecture slides Articles and other materials posted on Blackboard All "other compulsory materials" are available on Blackboard (under Course Information - literature). Old editions of the book th It is assumed that you use the 11 edition of the book of Heizer and Render. All th page references given during the course are only for the 11 edition. The differences with previous editions are limited, however, using an older edition is at your own risk. For your convenience, you find on Blackboard (under “Course information”) some tables that give an indication which chapters and pages to th th th th study from the 9 , 8 and 7 edition. Usage of the 6 edition (or older) is strongly discouraged, since differences with the current edition are just too big. To participate in the Electronic Take Home Exams, you need an access code for MYOMLAB. If you want to work with an older version of the book or with a second hand book, you should purchase a stand-alone licence for MYOMLAB at the bookshop on campus (ISBN: 9781783990177 ). 20 Grading Exam grade The exam consists of a number of multiple-choice questions and a number of open questions. The multiple-choice questions count for 7.5 points of the exam grade; the open questions count for the remaining 2.5 points. Points for the individual open questions are indicated on the exam. Grade for the Electronic Take Home Exams (ETHE) On questions that require a single number as an answer, a student's answer is considered correct if it differs at most 0.01 from the correct answer without rounding. Answers that are "close" to the correct answer may give partial points, subject to criteria set by the teachers. Any Electronic Take Home Exam that is not handed in before the deadline will be graded with a 0 (zero), the maximum grade achievable is 10 (ten). There are three ETHEs this year. The two best ETHEs results of a student will be used for grading. Bonus points through ERPS It is possible to earn a maximum of 0.4 bonus points through participation in research in the Erasmus Behavioural Lab. These bonus points will only awarded if the final grade for the entire course is 5.5 or higher. For details about participating see the section "ERPS bonus points". It is not compulsory to participate in this. Final grade The final grade will be based on the result for the two best Electronic Take Home Exams, the written closed book examination, and ERPS bonus points. Each Electronic Take Home Exam will account for 10% of the final grade. The examination accounts for 80% of the final grade. Bonus points are added to the total. There is one important additional condition: The grade for the written examination must be 4.5 or higher. If this condition is not met, then no final grade will be awarded. Your grade will then be noted in Osiris as "O", which stands for "onvoldoende", Dutch for insufficient. This rule is in line with the "Examination Regulations Bachelor of Science in International Business Administration". There is no minimum requirement for the Electronic Take Home Exams. Example 1: Suppose your exam grade is 7.3, your two best ETHE grades are 3.1 and 9.5, and you did not participate in the ERPS bonus point system. Your final grade is then 0.8*7.3 + 0.1*3.1 + 0.1*9.5 = 7.1. 21 Example 2: Suppose your exam grade is 5.2, your two best ETHE grades are 5.8 and 4.7, and you got 0.4 points for participating in the ERPS bonus point system. Your final grade is then 0.8*5.2 + 0.1*5.8 + 0.1*4.7 = 5.2. The ERPS bonus is not added here because the course grade (without ERPS bonus) is lower than 5.5. Example 3: Suppose your exam grade (in March) is 4.3, your two best ETHE grades are 7.7 and 9.4, and you got 0.4 points for participating in the ERPS bonus point system. You do not get a final grade, but you can redo the written examination in July. Number of attempts There are two opportunities to do the examination (for dates see the section "examinations and perusals") in this academic year. Each Electronic Take Home Exam must be handed in before the appropriate deadline (see the section "Electronic Take Home Exams"). It is not possible to redo an Electronic Take Home Exam at a later time in the same academic year. Requests for exemption Only if another academic study (or a Dutch HBO) has been successfully completed, it is in a few specific cases possible to receive exemption from this course. To be eligible for an exemption a written request has to be send to the examination board. Students may be asked by the examination board or by the teaching staff to provide additional information. For more information concerning exemptions, please see the ‘Examination and Teaching Regulations IBA’ on the following website: www.rsm.nl/examination-board. Plenary lectures There are two types of plenary lectures. Ten "overview lectures" on Monday are used to introduce the various subjects. Slides for these lectures will be posted on the Blackboard. The subjects and the literature to be studied for each of these plenary lectures are described in the schedule below. Week Date 49 50 Instructor & Subject Location Reference Monday December 2 11.00 - 12.45 Sting LB-107 Intro to Operations Management The Global Environment and Operations Strategy Learning curves Queuing Models Ch.1 Ch.2 Monday December 9 11.00 - 12.45 Sting LB-107 Deterministic performance estimation Modeling with Simulation DPE 22 Mod. E Mod. D Mod. F 2 Monday January 6 11.00 - 12.45 Sting LB-107 Forecasting Demand Ch.4 Product Design Ch.5 3 Monday January 13 11.00 - 12.45 Sting LB-107 Process Design Capacity Planning Job Design and Work Measurement Ch.7 Sup.7 Ch.10 4 Monday January 20 11.00 - 12.45 De Koster Layout Decisions LB-107 Ch.9 5 Monday January 27 11.00 - 12.45 Sting LB-107 Ch.12 CD tutorial 1 6 Monday February 3 11.00 - 12.45 Aggregate Scheduling De Koster JIT, Lean Operations, and the LB-107 Toyota Production System Ch.13 Ch.16 7 Monday February 10 11.00 - 12.45 De Koster Material Requirements Planning LB-107 and ERP Ch.14, DB 8 Monday February 17 11.00 - 12.45 De Koster Scheduling for the Short Term LB-107 Ch.15 (and pages 320324 of Sup. 7) 9 Monday February 24 11.00 - 12.45 Sting LB-107 Managing Inventory Statistical Tools for Managers Quality Management and International Standards Statistical Process Control Ch.6 Sup.6 Refer to the section "Literature" for an exact description of the compulsory th literature for this course. References in the table refer to the 11 edition of the of book of Heizer and Render with the exceptions "DB" (this is the chapter by Durlinger en Bemelmans, available from Blackboard). "DPE" (this is the reader "Deterministic Performance Estimation", available from Blackboard), and "CD tutorial 1" (which can be found on Blackboard under "course information literature”). Exercises lectures The second type of lectures are so-called "exercises lectures". These lectures are also held in plenary, but serve a different purpose than the Monday lectures. Four exercises lectures will be used to work on mainly quantitative aspects of topics treated before in the "overview lectures". These lectures are, among others, meant to help you prepare for the Electronic Take Home Exams. Three exercises lectures will be used to explain the questions of ETHE1, ETHE2 and ETHE3. At this time you have already received your grade and the correct answers for your ETHE. The lecture will help you to identify any mistakes you made in the calculations so that you will be better prepared for the examination. The last exercises lecture will give you the opportunity to make 23 last year's exam to practice for the upcoming exam of this year. Some of the most difficult exercises will be explained in the third hour of this lecture. No slides will be published on Blackboard for the exercises lectures, because no new slides will be used. Assignments to be made during the exercises lectures will be posted on Blackboard and must be printed and brought to the lectures by the students. Instructor & Subject Location Reference 49 Tuesday December 3 15:00 16:45 Sting CB-1 Exercises lecture Modules D and E (preparation for ETHE1) Blackboard 50 Tuesday December 10 15:00 16:45 Sting CB-1 Exercises lecture, reader "Deterministic Performance Estimation" (preparation for ETHE2) Blackboard 2 Tuesday January 7 15:00 16:45 Sting M2-03 Exercise lecture Chapter 4 (preparation for ETHE2) Explanation of the ETHE1 questions. Blackboard 4 Tuesday January 21 Sting 15:00 CB-1 16:45 Explanation of the ETHE2 questions. Blackboard 5 Tuesday January 28 De Koster Exercises lecture Chapter 9 and Chapter 12 15:00 CB-1 (partly as preparation for ETHE3) 16:45 Blackboard 7 Tuesday February 11 15:00 16:45 De Koster Exercises lecture Chapters 13, 14, 16 CB-1 (preparation for ETHE3) Blackboard 8 Tuesday February 18 15:00 16:45 Sting CB-1 Blackboard 10 Tuesday March 4 15:00 17:45 Old exam of March 2010 De Koster You get two hours to make the exam CB-1 yourself; the answers are explained in the third hour. Week Date Explanation of the ETHE3 questions. 24 Blackboard Electronic Take Home Exams (ETHE) Deadlines Electronic Take Home Exam 1 will be available starting Wednesday December 11, 2013 at 17:00. The deadline for handing in Electronic Take Home Exam 1 is Saturday December 14, 2013 at 17:00. Electronic Take Home Exam 2 will be available starting Wednesday January 15, 2014 at 17:00. The deadline for handing in Electronic Take Home Exam 2 is Saturday January 18, 2014 at 17:00. Electronic Take Home Exam 3 will be available starting Wednesday February 12, 2014 at 17:00. The deadline for handing in Electronic Take Home Exam 3 is Saturday February 15, 2014 at 17:00. Making the assignment & handing it in The Electronic Take Home Exams are fully internet-based on MYOMLAB. Details for submitting the ETHEs will be provided via Blackboard. Topics Electronic Take Home Exam 1 will cover Module D and Module E of the book treated in the plenary lectures of weeks 49 and in the exercises lectures of week 49 (see "Organisation of lectures"). Electronic Take Home Exam 2 will cover the reader "Deterministic Performance Estimation" and Chapters 4, 5, 7, and 10, treated in the plenary lectures of weeks 50, 2 and 3, and in the exercises lectures of weeks 50 and 2 (see "Organisation of lectures"). Electronic Take Home Exam 3 will cover Chapters 12, 13, 14, 16 of the book and the Chapter of Durlinger and Bemelmans, treated in the plenary lectures of weeks 5, 6 and 7 and in the exercises lectures of weeks 5 and 7 (see "Organisation of lectures"). Cooperation Students who participate in this course are allowed - in groups of at most three to discuss about the questions and to explain the solution method to each other. This type of cooperation will only enhance your learning experience, which is the main purpose of these assignments. However, each student must solve and fill out his/her own ETHE questions. The Electronic Take Home Exam grades are taken into account when calculating the final grades in March and July of this academic year. 25 ERPS Bonus points for research participation Rotterdam School of Management, 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 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. During the term, you will be given the opportunity to participate in a maximum of two research sessions. Participation is entirely voluntary. Participation in these studies will provide you with additional learning opportunities, complementary 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 the course. You will be able to earn a maximum of 0.4 points contributing towards your final grade, provided that the final grade is 5.5 or higher without the bonus. During one term you can participate for course credits in a maximum of two sessions of approximately 30 minutes each. Participation in one of these sessions will contribute 0.2 points (= 1 course credit) towards the final grade. In case of research sessions lasting more than 30 minutes (up to one hour), you will be awarded 2 course credits (in this case you will thus earn 0.4 points for participating in a single research session). ERPS bonus points are taken into account when calculating the final grades in March and July of this academic year. You will be able to participate in research studies to earn bonus points for this course. The dates for this will be announced on Blackboard and other channels. Additional information about registration procedures will be announced in class and on Blackboard. All studies will take place at the Erasmus Behavioral Lab (EBL), which is located on the 12th floor of the T-building (to access the lab you 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). 26 You can sign up for a research session via the Erasmus Research Participation System (ERPS). To register, log onto www.rsm.nl/lab. If you have problems logging on or if you have any other questions concerning the course credits, please contact the ERPS administrator, not the teacher(s) of this course. The name of the administrator is Ms. E. Maira and you can contact her at the following email address: [email protected] . Instructions for the students Study guide It is important to study the material given in the course schedule before attending the lectures. Furthermore, it is advised to practise some exercises before attending the exercises lectures. This will enhance your learning capacity and facilitate understanding the lectures. Course feedback The faculty involved, likes to evaluate the course in different aspects with a view for improvement. The department of MTI would especially like to stand still at the experiences of students with the exercises lectures and the Electronic Take Home Exams. Please feel free to inform us of your experiences through the Discussion Board of Blackboard, via the student representation or on the evaluation form. Your co-operation is deemed essential for this evaluation and it would be greatly appreciated. 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 or approach him or her personally after the lecture. RSM SR email: [email protected] 27 QMT: Statistics Course name: Course code: Course load: Term: Coordinator: Department: Teaching staff: Course structure: Course schedule: Examination: (BAP58) Quantitative Methods & Techniques: Statistics BAP58 4 ECTS 2nd trimester Dr B. Bode Technology & Operations Management Dr. B. Bode (lectures) Office: T 09-38 Tel: 82204 E-mail: [email protected] Office hour: only by appointment Teaching-assistants (workshops): to be announced on Blackboard Lectures (2 hours per week) and workshops (2 hours per week) Lectures are scheduled on Tuesdays (11-13 hrs.), workshops on Fridays (9-11 hrs or 11-13 hrs or 13-15 hrs) Written exam (partly multiple choice and partly open questions, closed book exam), bonus system. Compulsory literature • G. Keller, Managerial Statistics, 9-th Edition, South-Western, Cengage Learning, 2012 ISBN: 9781111534639 (Int. Student Edition). • All lecture sheets (published on Blackboard). • (for optional companion material, Student Solutions Manual, Study Guide, see http://international.cengage.com) Course description Everyday practice in business and management is characterized by decision making in situations with uncertainty. Statistics is the tool to handle this uncertainty and to help in making the appropriate decisions. This course gives an introduction to statistics with illustrative business applications. The lectures treat the basic statistical concepts and methods, and the workshops provide working skills in statistics by applying the methods on real-world business problems. The treated topics are: - Introduction to statistics Descriptive statistics Probability and distributions Estimation Hypothesis testing Applications in business Course objectives This introductory course gives the student a basic working knowledge of statistics as it is applied in business. It introduces the student to statistical 28 thinking, to the application of statistics to business data, and the use of statistical information in making decisions. The course is practically oriented towards solving business problems in four steps: (1) (2) (3) (4) Formulate the problem in terms of statistics; Identify the appropriate statistical techniques; Solve the problem (by hand or with Excel); Interpret the results (what does the solution mean for the problem at hand). At the end of this course the student is able to: • describe the difference between descriptive statistics and inferential statistics as well as the role that probability plays in inference; • describe the difference between nominal, ordinal, interval and ratio level of measurement of variables; • give the definition and the formula of the most well-known measures of (central and non-central) location and spread (including the geometric mean), and use these concepts and formulas skillfully in practical applications, under which the computation of the arithmetic mean and the standard deviation of linearly transformed variables; • give the definition of the concepts frequency distribution, bar chart, pie chart, stem-and-leaf display, histogram, polygon and box plot, and use these concepts skillfully in practical applications; • describe the difference between the classical, the relative frequency and the subjective approach of assigning probabilities; • give the definition of the basic concepts and rules of probability (including Bayes’ law), and use these rules skillfully in practical applications, also with the aid of probability trees; • describe the difference between discrete and continuous random variables as well as discrete and continuous probability distributions; • give the definition of Chebysheff’s theorem and use this theorem skillfully in practical applications; • describe the properties of the most well-known probability distributions 2 (uniform, binomial, Poisson, normal, exponential, t-distribution and χ distribution) and their mutual relationships, and use these distributions skillfully in practical applications, also with the aid of probability tables; • give the definition of a sampling distribution and of the central limit theorem, give the formula of the most well-known sampling distributions (mean, proportion and variance) and of the standard error of the mean and of the proportion, and use these concepts and formulas skillfully in practical applications; • describe the difference between a point estimator and an interval estimator, give the definition of the properties unbiasedness, consistency and relative efficiency of estimators, give the formula of the confidence interval estimate of the mean, the proportion and the variance, and use these concepts and formulas skillfully in practical applications, under which the determination of the sample size to estimate a mean or a proportion; 29 • give the definition of the concepts: null hypothesis, alternative hypothesis, one-tail test, two-tail test, Type I error, Type II error, significance level, pvalue, power of a test and operating characteristic curve, give the formula of the test statistic for testing hypotheses with respect to a population mean, a population proportion and a population variance, and use these concepts and formulas skillfully in practical applications. This course on statistics provides an essential preparation for the second-year course Applied Business Methods (BAB08) and for later applied work in case projects and thesis research. Student preparation The lectures are helpful in getting an understanding and overview of the statistical concepts and methods. To obtain a practical understanding, it is necessary to make exercises. The advised study scheme is as follows, where 'WS' stands for the 'weekly schedule' of this course. 1. 2. 3. 4. 5. 6. 7. Before the lecture at Tuesday: get an impression of the sections of the book that are scheduled for this lecture (see WS, Keller Sections). Try to identify the main topics and purposes of this lecture and try to understand some of the examples. Attend the lecture, with active participation. After the lecture: study the treated sections of the book. Before the workshop on Friday: prepare the exercises for this workshop (see WS, Workshop Exercises). Attend the workshop and take active participation in discussing, analysing and answering the exercises. Note that the student is supposed to have been active in trying to answer the questions before attending the workshop. At the workshop take active part in making an old exam question that counts for the bonus system (see below). After each workshop the student can make some additional exercises to test her or his knowledge (see WS, Self-study Exercises). Weekly schedule (changes may occur, consult Blackboard regularly) The lectures are on Tuesdays from 11.00 till 12.45 hours. All lectures are given by Dr. B. Bode (RSM Erasmus University). The workshops are on Fridays, in six groups, two groups from 9:00-10:45 hours, two groups from 11.00-12.45 hours and two groups from 13:00-14.45 hours. The workshops are given by teaching assistants. Please note the advised 'Student preparation' described before. Brief answers to the even-numbered questions are in the book, full answers to the Workshop Exercises and the Self-study Exercises will be published during the course on Blackboard. Further note that the weekly schedule below may be subject to changes. It is of utmost importance that the student regularly consults Blackboard for possible updates of the schedule, so that the student can adequately prepare the lectures and workshops. 30 Weekly Schedule for the 9-th International Student Edition (2012): Wk Lect. 49 (2013) 01 50 02 02 (2014) 03 03 04 04 05 05 06 06 07 07 08 08 09 09 10 10 11 Subject Introduction; Graphical and Tabular Descriptive Techniques Numerical Descriptive Techniques Probability Random Variables and Discrete Probability Distributions Continuous Probability Distributions Data Collection and Sampling; Sampling Distributions Introduction to Estimation Introduction to Hypothesis Testing (I) Introduction to Hypothesis Testing (II); Inference about a Population (I) Inference about a Population (II) Question hour Keller Sections Workshop Exercises Self-study Exercises Ch.1; Ch.2 excl. 2.3; Ch.3 excl. 3.3 1.2, 2.8, 2.30, 3.12, 3.31 1.1, 2.7, 2.13, 3.10, 3.36 Ch.4 excl. 4.44.6 4.2, 4.22, 4.30, 4.43, 4.100 Ch.6 6.8, 6.36, 6.56, 6.81, 6.97 Ch.7 excl. 7.27.3 7.10, 7.19, 7.34, 7.97, 7.114 7.27, 7.33, 7.94, 7.115 Ch.8 8.6, 8.50, 8.63, 8.74, 8.78 8.13, 8.31, 8.61, 8.79, 8.73 Ch.5; Ch.9 excl. 9.3 Ch.10 9.21, 9.22, 9.36, 9.38, 9.41 10.8, 10.21, 10.32, 10.53, 10.48, 10.49 4.1, 4.21, 4.27, 4.39, 4.99 6.7, 6.41, 6.63, 6.82, 6.96 9.17, 9.23, 9.35 10.5, 10.22, 10.33, 10.51 Ch.11 up to and incl. 11.2 11.34, 11.36, 11.38, 11.44 11.16, 11.17, 11.18, 11.35 Ch.11 from 11.3; Ch.12 up to and incl. 12.1 11.49, 11.65, 12.15, 12.23, 12.31 11.48, 12.9, 12.10 Ch.12 from 12.2 excl. 12.4 12.58, 12.63, 12.70, 12.94, 12.147 12.66, 12.74, 12.95, 12.146 Ch.1-12 Sample exam Exam: Monday March 10 from 13.30-16.30 hrs. Re-sit: Friday July 25 from 13.30-16.30 hrs. 31 Bonus System: Students with an attendance rate of at least 80% at the first 10 workshops get the opportunity to make a bonus question at the exam in March and at the re-sit in July. The rules are as follows: • All students are registered for a workshop group by the IBA Programme Management. The group compositions are final and cannot be changed during the trimester. Within the workshop group, groups of 4 students have to be formed. • If a student cannot participate in a workshop (s)he should inform the coordinator (dr B. Bode) BEFORE the workshop takes place. The student should send an email message to [email protected] to explain the reason for non-participation. • If a student wishes to stop participation in the bonus system then (s)he should inform his or her fellow students in the same group and (s)he should send an email message to [email protected] to stop the participation. • A student has participated in the workshop if (s)he is present during both hours and if in addition (s)he hands in serious answers to an old exam question that will be made in fixed groups (of 4 students) during the last half hour of the workshop. The answers are handed in directly at the end of the workshop. Serious work to try to solve the question is essential, but errors in the solution are allowed. If a group of students does not hand in answers or if the answers do not result from serious work then this is seen as non-participation. The workshop lecturers judge the participation of groups. • Students who achieve a participation of at least 80% are allowed to make a bonus question at the exam that counts for 1 full grade point (in addition to the 10 grade points that can be earned by the regular exam; final grades higher than 10 are not possible, but virtual scores above 10 will certainly be remembered by the teaching staff). This bonus question will very closely resemble one of the 10 old exam questions made at the workshop. • Students who did not participate sufficiently are admitted to the regular exam and well as the re-sit exam but they are not allowed to make the bonus question. • Final note: Workshop participation and training with old exam questions is an excellent way of preparing for the exam, this is the motivation for the bonus system. The formal rules are just to prevent free riding. Remark for students with prior knowledge on statistics Some of the topics treated in this course may have been part of the high school program of some students. To earn the bonus, also these students have to attend at least 80% of the workshops. Possibly some old exam questions are easier for these students, this will just allow them even more to get good marks at the exam. It should be mentioned, however, that past experience shows that 32 students with prior knowledge in statistics tend to overestimate their cunnings and do not perform so well at the exam, so that participation in the workshops is strongly advised in any case. Examination The knowledge of statistics of the student and the competence in applying statistical methods will be judged by a written examination. The use of books, notes, palmtops and the like and any means of communication (mobile telephones and so on) are not allowed during the exam. The use of a graphical calculator is not allowed either. It is (only) allowed to use one of the following calculators: FX-82SX Plus (Casio), FX-82MS (Casio), FX-350MS (Casio), TI-30Xa (Texas Instruments), TI-30XS Multiview (Texas Instruments). The exam consists of a mixture of multiple choice and open questions on all matters discussed in the lectures and the workshops. During the course a sample exam will be made available on Blackboard. Final Examination: Monday 10 March 2014 from 13.30 – 16.30 hours Re-sit Examination: Friday 25 July 2014 from 13.30 – 16.30 hours Registration via Osiris is required. Students can register from 35 to 7 days before the date of the examination. Examination Perusal The date, time and place of the perusal will be announced when the grades are published. 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 or approach him or her personally after the lecture. RSM SR email: [email protected] 33 Skills 2: Effective Business Communication Course name: Course code: Course load: Term: Coordinator: Teaching staff: Course structure: Examination: (BAP66) Skills 2: Effective Business Communication BAP66 3 ECTS Trimester 2 Ms Shouhe Kuo Ms Val Poore, Ms Paulien Wijnvoord, Ms Nancy Peiffer, Ms Christine Willemsen, Mr Mike Senneck, Ms Marion Corfield, Ms Joy Kearney, Ms Jodie Mann, Ms Emily Rutland Workshops (4 hours per week, 10 sessions in total) Written examination, role plays and attendance requirement Learning goals The Effective Business Communication Skills course aims to develop students’ ability to participate in a wide range of communication-oriented business activities so that by the end of the course, they can apply these skills with confidence and competence. Learning objectives With regard to oral skills At the end of the course students should be able to: conduct a job interview in a professional, engaging manner and to be able to handle a wide range of pertinent questions, applying techniques for conducting interviews and taking part in an interview; - present a business plan that meets requirements with regard to structure, delivery, style, verbal and non-verbal communication, use of PowerPoint slides and question handling, requiring skills of team cooperation and coordination; - conduct business negotiations, while using the different techniques involved in negotiating international business deals and agreements; - show competence in inter-personal skills; building and enhancing team spirit; exerting social grace and business etiquette by taking part in meetings and teamwork tasks, inter-cultural cooperation and discussing issues with tact and diplomacy; - show the following behavioral traits: positive attitude, enthusiasm, initiative, motivation and time management 34 With regard to writing skills At the end of the course the students should be able to: write a correct cover letter and CV for a professional and appealing job application to a variety of employers, using correct forms of address, good layout, structure and targeted content for both the letter and the CV; - write a strong motivational document culminating in a proposal on how to solve a specific business issue, applying the rules of structure, layout and upward communication style; - write a structured market-based report for a specific purpose or client, including a professional description of trends as reflected in graphs; - write an executive summary – using the conventions of international executive summary writing; Workshop attendance Notice: attendance is compulsory! There is an attendance rate of 90%. Thus, if you fail to meet the attendance requirement, you are not allowed to participate in the final exam in March 2014. You are allowed to miss a maximum of one class out of ten. If, for whatever reason, you have to miss a class, you should always inform your workshop teacher in advance. Should personal circumstances affect your study performance, please report this to the IBA student advisers as soon as possible. The contact information and availability of the student advisers can be found on the following website: www.rsm.nl/studyadvice. Course description Effective Business Communication Skills comprises two parts, which will enable you to communicate both competently and efficiently in a variety of business situations. The parts are: Oral Skills - focuses on intercultural communication in a variety of role-play situations – meetings, negotiations, presentations, interview techniques, discussions etc. Students will be graded 3 times during the course. The schedules for grading will be arranged by the teacher concerned. - Writing skills - trains students to compose a range of effective business documents. Business vocabulary and style (upward, downward, formal and less formal) will also be covered in this part, together with some attention to structure and accuracy in 35 the use of English. Students will be given four assignments during the course period, which will be set in lessons 1, 3, 5 and 8 and are to be handed in the following week. The aim of the course is to enable students to acquire strong and effective communication skills in a multicultural environment as well as providing an opportunity to integrate their professional and communicative skills. Literature Digital reader Skills 2: Effective Business Communication – to be downloaded from Blackboard before lesson 1. The reader is compulsory and it contains valuable and essential background information on the writing element, as well as the written assignments. Assessment and Examinations Your grade will be determined by totaling the grades. The Oral skills part counts for 50% of the grade and the Writing skills for 50%. ORAL SKILLS Two role-plays and one presentation will be evaluated (30% each). These are on-course activities for which there is no re-sit possibility. The student’s participation and evaluation of the student’s portfolio comprise the remaining 10%, (thus 3 x 30% + 10% = 100%). Please note that the main emphasis in this part of the course is to build confidence and encourage cross-cultural communication and interaction regardless of language level, ethnic background etc. Assessment will focus mainly on participation along with preparation and attendance. Please also note that the schedules for oral grades cannot be changed after they have been agreed, except by prior arrangement with the teacher concerned. Furthermore, students may not switch classes or join another group to make up for a class they have missed. WRITING SKILLS The grading for this part of the course consists of two different activities: - course assignments (50%) In total students must hand in four assignments. The first course assignment carries a maximum of 20 marks, whilst the remaining three carry a maximum of 10 marks each, totaling 50%. Please note: Handing in the course assignments is an on-course activity for which there is no re-sit possibility, nor can any second attempts be accepted for grading purposes during the course. Late assignments will not be accepted. If 36 students have to miss a class when an assignment is due, they should make sure they arrange for someone else to hand it in for them. - final examination (50%) The examination consists of a writing assignment in which structure, content, style, vocabulary and correct use of English will be evaluated. Please note that the grade for the final examination must be 5.5 or higher. If this condition is not met, then no final grade will be awarded. Your grade will then be noted in Osiris as "O", which stands for "onvoldoende" (Dutch for insufficient). This rule is in line with the "Examination Regulations Bachelor of Science in International Business Administration". Plagiarism Please note that all written assignments are individual and that no copying, sharing or transfer of material between students is permitted. Any evidence of assignments or parts of assignments copied either from other students or from published sources will be treated as plagiarism. You can read about the EUR penalties for plagiarism in: http://www.eur.nl/english/workingat/about_erasmus_university/publications/chea ting_and_plagiarism/ Examination Dates Final Examination: Monday 17 March 2014 from 09.30-11.30 hrs or 13.30-15.30 hrs Re-sit Examination: Monday 14 July 2014 from 13.30-15.30 hrs Registration via Osiris-Student is required. Students can register from 35 to 7 days before the date of the examination. 37 Strategic Business Plan Course name: Course load: Course term: Coordination: Teaching staff: Course structure: Assessment: Course schedule: (BAP059) Strategic Business plan 6 ECTS Trimester 2 and 3 J.J. Nijholt K. Smolka To be announced on BlackBoard 5 plenary lectures, 2nd and 3rd trimester 1 introductory seminar, 2nd trimester 4 seminars, 2nd and 3rd trimester Final Report (50%) Assignments (total of 4) (40%) Individual presentation during seminar (5%) Participation (during seminars) (5%) Plenary lectures on Monday Seminar sessions (obligatory) on Thursday See SIN-Online and the schedule in this course manual for lecture dates and seminar dates. Introduction During this course students will draw up a strategic business plan for a real-life small or medium sized company and formulate a business strategy for the coming five years. Students apply the knowledge gained in “Introduction to Business” (BAP64) with a specific emphasis on the strategic concepts and tools studied in that course. Learning objectives The primary learning objectives are: • • • Deepening the understanding and knowledge of a limited set of strategic concepts and tools including, but not limited to, strategy formulation, five forces analysis, and market profiling and segmentation. The consistent and logical application of those strategic concepts and tools to a real-life case. Understanding the limitations and applicability of different data sources for different analyses. Specifically, understanding and applying the distinction between internal analyses, yielding insights into a company, and external analyses, yielding insights into environments, industries and markets. Students also apply much of the content of the ‘Skills’ courses. Therefore, secondary learning objectives are: • • Building on, deepening, and exercising social, writing and presentation skills. Developing project management skills including time management and planning. 38 Overview of the Course During the first trimester, students need to do two qualifying assignments, namely ‘Team Formation’ and ‘Company Registration’ (see below). This means you need to form a team of exactly four students of the same program, and you need to find a suitable company willing to cooperate with you on the course. Companies need to meet certain criteria (in terms of, for instance, size, legal status, country of origin, et cetera) to be considered ‘suitable’. These criteria are posted on Blackboard. Failure to do the qualifying assignments means students cannot take part in the course. Having formed a team, and found a suitable company to write your business plan about, you can present your company during the introductory meeting at the start of December. If your tutor deems that both assignments have been completed appropriately, the tutor will sign your Participants Agreement (available on Blackboard) and allow online registration of your company (details on how to register your company will become available on Blackboard). Teams will work towards the Final Report by completing four assignments. rd Starting from December and lasting until the end of the 3 trimester, there will be a series of five plenary lectures by the course coordinator where we provide you with theoretical background and insights into these assignments. The plenary lectures always take place sometime before the assignment deadlines. See below for a description of lecture content. You will get feedback on your four assignments, both from your seminar tutor as well as your fellow students, during each of the four seminars. Every team member is required to present one of these four assignments during the seminars. About the Qualifying Assignments: In order to take part in the course Strategic Business Plan you must, first, form a team consisting of four students, and second, find and contract a suitable company to write the business plan for. These are qualifying assignments, and each has its own deadline. 1. QUALIFYING ASSIGNMENT: TEAM FORMATION In order to qualify for entry into the course Strategic Business Plan (running in trimesters 2 and 3); you need to form a team of exactly four students from the same programme (either BA or IBA) and register this team through SIN-Online. This is a qualifying assignment that needs to be completed in trimester 1. th Deadline is at Sunday November 10 2013 (midnight). Creating teams of four students allows for a reasonable distribution of the workload and optimizes your learning experiences in terms of team management on the one hand, and strategic business planning on the other hand. Furthermore, each of the four students will receive a grade for his/her 39 individual presentation during one of the four seminars. Since there are only four seminars, we cannot allow more than four students per team. We encourage you to form a team with people you know and trust. In order to help you get to know people, a forum will be opened on the SBP Blackboard-site, where you can leave your personal information in order to find teammates. Staff will not interfere with this process under any circumstances. The initiative is up to you. 2. QUALIFYING ASSIGNMENT: COMPANY REGISTRATION The team is responsible for finding and contracting a suitable company before th the introductory seminar (December 5 ) and will present this company during the seminar session. This will be an informal presentation; you do not need to prepare slides. The company has to meet specific criteria (see the document ‘Company Criteria’, posted on Blackboard) and the tutor will check whether these criteria are being met. If so, the tutor will: • sign the participants agreement • formally allow you to register the company online About the Participants Agreement Posted at the Blackboard site of the course you will find a number of documents. One of them is the ‘Participants Agreement’ which details the expectations and contributions that all three parties in the course have: your student team, your company, and the staff of the Department of Strategy and Entrepreneurship from RSM. The main function of this document is to get your company to commit themselves to your team. Moreover, if you are able to show a signed participants agreement at the Introductory Meeting this will show your tutor you have completed your Qualifying Assignment. If you failed to finish the qualifying assignment before the introductory seminar, h but still managed to register a suitable company before December 19t (see below), your seminar tutor will sign the Participants Agreement during the first seminar session in January and return it to you. The Participants Agreement is intended for your own administration. Online Registration th The company has to be registered online ultimately on December 19 2013 at 23.59 (details on how to do this will be announced through BlackBoard at the start of the course). During online registration, you are asked to provide some information about the company that will allow us to contact the company (if deemed necessary). Extensions In case you haven’t contracted a firm before the introductory seminar, present a plan of action in which you make clear how the team will find a company to th register before December 19 . If your plan is viable than the seminar tutor will allow you extension of the deadline until that date. However, your tutor will refuse extension if you cannot provide evidence you have attempted to find a 40 suitable company and/or do not have a convincing plan for finding a suitable th company before December 19 . This means you failed the qualifying assignment for entry into the course and you will have to do the course next year. Teams that present a convincing plan but still fail to register a suitable company th by December 19 also fail the qualifying assignment for entry into the course. th Extensions for this qualifying assignment past December 19 may only be given by the course coordinator, and will only be given for circumstances beyond your control. Drop by the consultation hour as soon as possible if it seems you will th make not make the December 19 deadline. Exemptions to the Criteria In case a company willing to participate in the course does not meet one or more of the criteria, we encourage you to ask for an exemption. To do so, send an e-mail to [email protected]. In your e-mail, clearly explain which criteria are being met (provide some evidence) and which are not. Provide arguments as to why you think the company is suitable for this course. We will try to respond within a couple of working days. Literature The obligatory reading for this course consists of the theories, models and concepts from the plenary lectures and the course readers: • Van der Weerdt, Volberda & Nijholt (2013). Business Strategy Textbook 2013. Available at Erasmus Shop. • Van der Weerdt, Volberda & Nijholt (2013). Business Strategy Workbook 2013. Available at Erasmus Shop. Assessment The final grade for this course is composed as follows: Final report : Assignments (total of 4) : Individual presentation (during seminar) : Participation (during seminar) : 50% 40% 5% 5% For the first three assignments we apply the regular rules with respect to minimum grades (equal or higher than a 4.5). Also see the Extended Course Manual posted on Blackboard. Extended Course Manual All students are expected to be familiar with the rules and procedures as described in the Extended Course Manual, available on Blackboard. In that document you will find further information on staff, communication, absenteeism, restrictions and exemptions. 41 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 or approach him or her personally after the lecture. RSM SR email: [email protected] Consultation hour SBP consultation hours will be organized each Monday from 08:30 to 09:30 in Room T7-67 for the duration of the course. 42 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 or at [email protected]. 43
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