MGMT 141-Principles of Business Management

MGMT 141-Principles of Business Management - MGMT 141...

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Unformatted text preview: MGMT 141 Principles of Business Management Course Outline LAHORE UNIVERSITY OF MANAGEMENT SCIENCES SULEMAN DAWOOD SCHOOL OF BUSINESS MGMT141 Principles of Business Management (3 units) Course Outline: Fall 201112 COURSE INSTRUCTOR Dr. Abdul Karim Khan Office: Room 265 (Opposite to PCO office, Academic Block) Office Hours: 1120 1250 hrs on Tuesdays and Thursdays (or by appointment) Email: [email protected] LUMS Extension: 8040 CLASS SCHEDULE 1000 1115 hrs on Mondays and Wednesdays in NIB Auditorium STUDENT CATEGORIES Freshmen, Sophomores, Juniors and Seniors COURSE DESCRIPTION Principles of Business Management is a rich, interactive learning experience designed to give students an overarching view of business management and the basic intellectual tools and aptitudes they need to meet today's business challenges. This basic management course will investigate the different functions of management, namely planning, organizing, leading and controlling. In tandem, the course will explore how issues such as organization structure, technology, innovation, ethics, corporate responsibility, organization culture, the competitive environment and customerfocus influence managerial decision making. Students will also study how managers orchestrate change, communicate, assemble teams, lead, handle resources and achieve competitive goals. COURSE OBJECTIVES Upon completion of the course the students should be able to: 1. Understand and appreciate different managerial functions and their application in an organizational setting. 2. Critically examine managerial decisionmaking and the reasons and the context it takes place in so as to sharpen their own judgment to make informed decisions. V 1.0 .Fall 201112. 1 MGMT 141 Principles of Business Management Course Outline 3. Analyze various topics pertaining to management such as social responsibility, ethics, global management, leadership, organization change, entrepreneurship, human resource management, etc. READING MATERIAL Required: Bateman, Thomas S. and Snell, Scott A., 2008 (eighth edition), "Management: Leading and Collaborating in a Competitive World", New Delhi, Tata McGrawHill Publishing. Reference: Griffin, R.W. 1993. Management. Houghton Mifflin Company. GRADING PLAN Grading for the course will be relative. The distribution for course grading will be as follows: Class Contribution 10% Quizzes (n1) 15% Midterm Exam 25% Course Project 20% (13% for the paper and 7 % for the presentation) Final Exam 30% CLASS CONTRIBUTION Class sessions will aim to complement, analyze and/or extend material covered in the readings in addition to discussing content covered in the text. To add value to their own learning experience as well as that of their peers, students will be expected to complete the assigned readings before each class session. Completing assigned readings beforehand will also allow students to constructively comment in class. Interactivity will be highly encouraged. However, this interactivity should result in a positive contribution to class discussion and not hamper the learning that takes place. Grading of class contribution will depend not only on quantity of contribution, but more importantly its quality. Grading will be based on the relevance of comments, the value to the overall discussion and input of new or relevant ideas or examples. Students should also try to compare and contrast differing view points. Needless to say, if a student does not speak during the class, he or she will not add marks to class contribution. The instructor will judge class contribution according to his discretion. Students may also be penalized for negative contribution. If a student is caught disrupting the flow of class, making irresponsible or unreasonable comments, sleeping/resting, using his/her cell phone, etc, he or she will be penalized. The Teaching Assistant(s) would be watchful in this regard. ATTENDANCE POLICY V 1.0 .Fall 201112. 2 MGMT 141 Principles of Business Management Course Outline Although attendance is not reflected as a grading element, it is a prerequisite for class contribution and doing well in the course. As a result, students are expected to attend all classes on time. Class will start at the scheduled time. Attendance and class contribution will be counted from Session 3 onwards. Once class starts, students may not leave class for using the lavatory, drinking water, etc. Cell phones should be kept off in class. Attendance will be marked only if the student is in class from start to finish. Leaving the class early will be marked as an absence. Apart from the exceptional cases mentioned subsequently, no petition will be entertained for missed exams and quizzes. One quiz will be dropped; if a quiz is missed due to absence, then this dropped quiz will act as compensation. Attendance for the presentation sessions is also mandatory. Students who fail to appear for this session or partially appear will not be marked (5% of the grade). Students will be penalized for absences as follows: Onethree absences will result in no grade reduction. The next two absences (i.e. absences 45) will each result in 2% class contribution grade reduction. Six or seven absences will result in a further 3% class contribution grade reduction each after the 2% reduction for earlier absences. The eighth absence will result in a further 3% overall grade reduction after the earlier absences' penalties. Each absence thereon would result in an additional 5% overall grade reduction. Exceptional Cases: If there are exceptional reasons for missing class, the student should have the instructor informed (personally or through email) before the class and submit a petition within 3 days of the class. Examples of exceptional reasons include death of an immediate family relative, severe illness or medical condition which would be verified in detail by the doctor's report, etc. Attendance penalty will be waivered for such exceptional cases; however, class contribution cannot be compensated nor can a quiz (which is why there is a dropped quiz policy). If a student misses two quizzes, the second quiz will result in a 0. In case of a missed exam, the petition should be directed via the Registrar/Student Affairs Office. QUIZZES Short unannounced quizzes will be taken. The number of quizzes will also be unannounced. The lowest quiz will be dropped. Although no makeup quizzes will be given, please also refer to the Attendance Policy section above in this regard. COURSE PROJECT (Tentative) The course project will be to extensively analyze, compare and make recommendations on the management of two companies of different sizes in the same industry operating in Pakistan. The instructor will discuss the final details of the topic of the project in class. Team Formation: For the course project, the class will be divided into teams of 35 students (dependent on class size) for the course project. Proposed teams for the project will have to be V 1.0 .Fall 201112. 3 MGMT 141 Principles of Business Management Course Outline submitted by Session 6 of the course. Students will have the option of selecting their own team keeping in mind certain conditions. The teams will be finalized by the instructor. MidProject Submission: By Session 12, teams will be expected to have completed some research and have a good idea of how to proceed for the remainder of the project. A halfpage outline (singlespaced, 12 Times New Roman font) of the project will be due by Session 12. The outline will not be graded but not handing it in on time will result in a grade reduction for the project. In addition to the company name and the description of the project, each group member's role in the project should also be mentioned. The instructor will provide feedback and approval on the submission. Deliverables: a. Paper: Each group is to write a paper for the project. The length of the paper is to be 1015 pages (tentative), 1.5 linespacing, 12 Calibri font, and normal (default) margins. Any external references should be properly sourced in footnotes or endnotes. Charts, graphics or tables may be added at the end as an appendix (these will not count towards the writeup limit). Some guidelines for writing: Write concisely. Be relevant. Organize the paper. Proofread. Number pages. b. Presentation: Groups are also to present their work in a 1015 minute presentation. A copy of the presentation notes should be handed in as well to the instructor. Some guidelines for the presentation: Dress as you would for a client presentation. Since time will be limited, the group should focus on the most relevant points in the report do not try to "dump" all of the data and insights that are contained in the full paper. Additionally, because of the time constraints, it will not be necessary to have everyone on the team present, although all members must be present to help answer questions. Due Date: Papers will be due at the start of the first presentations' class. Papers submitted after class, either in hard copy or electronic form will be subject to a reduction in grade. Evaluation: In evaluating the project, robustness and soundness of rationale will be considered. Papers will also be judged on the extent of the primary and secondary research the team conducts, the depth of analysis and thought brought to bear on the subject, and the team's ability to synthesize a range of views, opinions, and facts in understanding and exploring the topic. In developing the paper, it is encouraged that groups support the plan by drawing upon class concepts as well as any supplemental resources. It is expected that all research will be properly cited using standard academic formats. V 1.0 .Fall 201112. 4 MGMT 141 Principles of Business Management Course Outline All students will be expected to share the workload in the project. Written and/or oral peer evaluation will be conducted at the end of the project. It is possible for a student to get marks different from group members based on the outline or peer evaluation. INSTRUCTOR EXPECTATIONS CLASS RULES, ETHICS AND GUIDELINES The instructor expects students to: Think critically and make effective arguments. Observe discipline at all times. Respect peers in terms of their opinions. A student is encouraged to offer an opposing pointof view to an opinion mentioned by a classmate, but is also expected to maintain decorum while doing so. Attend all classes punctually. Use appropriate expression: It is expected that students will be able to express themselves clearly and concisely. There will be penalization if papers or exams cannot be interpreted or if responses are poorly organized, contain language errors, do not add value, are circumlocutionary or digress from what is required. Written work must be typed and is expected to be grammatically correct. The instructor feels that the performance of a student may be adversely affected in the following circumstances: If extracurricular activities are more important to the student than the classes of this course. If the student has the habit of entering class after scheduled time. If the student regularly misses classes, exams, quizzes or does not meet other deadlines. If the student is not fully alert in or prepared for class. If the student expects to have other commitments scheduled during class timings. Other points of note include the following: Email: The instructor will be generally approachable by email. However, do not expect a reply to emails sent after 5 PM or on weekends before the next working day. Students are to ensure emails are worded appropriately and respectfully. Feedback: Feedback will be welcome throughout the course. Tracking Grades: Students are to ensure grades are recorded correctly on Zambeel. Changes: Changes to the syllabus will be announced in class or by email. Please Ask: If something is unclear, students are requested not to make assumptions. Ask the instructor or the Teaching Assistant(s). V 1.0 .Fall 201112. 5 MGMT 141 Principles of Business Management Course Outline LUMS HONOR CODE The course will follow the LUMS student honor code. Cheating, unauthorized collaboration, plagiarism, any form of deceit or any other violations of the honor code will be dealt with according to LUMS policy. Please refer to the LUMS student handbook (201011) if you have not already. COURSE SYLLABUS Session 1 2 Topic Foundations of Management Introduction to the Course Managing Managing The Evolution of Management The External Environment Organizational Culture Discussion on the Course Project Managerial Decision Making Chapter 1: pp 221 Chapter 1: pp 2125; Chapter 1 Appendix: pp 4251 Chapter 2: pp 5480 Chapter 2: pp 8086 (Skip Figure 2.6) Assignments 3 4 5 6 7 8 9 10 11 12 Chapter 3: pp 93109 The External Environment assignment discussion Chapter 3: pp 110120 (Skip pp 116) Managerial Decision Making Caselet Course Project Team Lists due Planning: Delivering Strategic Value Planning Chapter 4: pp 157167 Strategic Management Chapter 4: pp 167183 and 186190 Coulter & Robbins: pp 208210 Ethics and Corporate Responsibility Chapter 5: pp 191218 (Skip pp 196198 and pp 211214) International Management Chapter 6: pp 250273 Entrepreneurship Chapter 7: pp 280302; page 304 The Business Plan Case Discussion TBA Organizing: Building a Dynamic Organization .Fall 201112. 6 V 1.0 MGMT 141 Principles of Business Management Course Outline 13 Organization Structure Organization Structure Organizational Agility Midterm 14 Chapter 8: pp 327354 MidProject Submission due Chapter 9: pp 362378; 382386 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Human Resource Management Chapter 10: pp 393408 Human Resource Management Chapter 10: pp 411423 Leading: Mobilizing People Leadership Chapter 12: pp 477484; 498505 Links to videos on LMS Motivating for Performance Chapter 13: pp 515542 Motivating for Performance Chapter 14: pp 551573 (skip Self Teamwork Managed Teams pp 555557) Teamwork Exercise Chapter 14: pp 584608 Communicating (skip pp 586, 596597) Controlling: Learning and Changing Managerial Control Chapter 16: pp 622654 (Pp 633642 will not be tested; skim if you don't know the material) Managerial Control Caselet Managing Technology and Innovation Chapter 17: pp 662672; 680687 Case TBA Case or Project Presentations (TBC) Peer Evaluations due at start of class Project Presentations Project Presentations Final Synthesis Note 1: The instructor may swap session content if required Note 2: Readings may be added or reduced during the course V 1.0 .Fall 201112. 7 ...
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This note was uploaded on 03/19/2012 for the course MGMT 141 taught by Professor Anumsaleem during the Spring '12 term at Alvin CC.

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