MGMT1020: Business Decision-Making
Course Instructor: Derek Vigar Week 1
Week 1 - Learning Objectives
Before this class ends, we hope to achieve the following;
1. 2. 3. 4. 5. 6. 7. 8.
Have a detailed orientation to the course; its objectives and outcomes. Overview the assignments and requirements for the semester Understand the importance of strong decision-making skills Discuss different types of decision making Overview how international decisions are more complex Reveal different types of stakeholders and their impact on decision-making Introduce a decision-making framework that can be applied to a variety of different situations Practice applying this decision-making framework to a current Canadian Business event
1
Your Instructor
Derek Vigar (dvigar@georgebrown.ca)
Teaching Experience
2
Blackboard (WebCT)
http://webct.georgebrown.ca/webct/entryPageIns.dowebct
3
The Case Study Approach
Download Your Copies from http://www.iveycasestudies.com
At this stage of your college career, evaluation will focus on not only retaining knowledge, but applying it to real management situations
Week 4 – Loblaw – Participation Assignment – 2% Week 5 – Rona – Participation Assignment – 2% Week 7 – Asiasports – Midterm Exam – 25% Week 9 – Coral Divers – Individual Case Study Assignment – 10% Week 15 – Fairmont Lake Louise – Final Exam – 25%
4
5
The Case Analysis Framework
Existing Strategies & Objectives
Internal & External Analysis Root Problems & Symptoms Assess Alternatives Recommendation & Implementation Reflect & Evaluate
6
The Case Analysis Framework
Existing Strategies and Objectives
• • • • • • • • • What business is the organization in? Where does the business see itself in 3-5 years? What are its SMART objectives? Who are its competitors? What are their positions? What are its unique competitive advantages? Who are its customers? What are its strengths and weaknesses? What are its opportunities and...