1. Role of Corporations in Society

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4557 C&S – Mike P. Moffatt

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Course Overview

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The Big Picture

Corporations are subject to multiple external pressures beyond their competitive, industry settings.

There is a tension between profit orientation and public interest

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The Big Picture

These pressures can profoundly affect business operations, strategy and performance.

As a manager, you need to know how to assess and manage external environment of business.

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Course Objects and Module Structure

Module 1 (Common Module, First 10 sessions) – Rationally evaluate the tensions that arise between corporate, social and environmental interests.

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Course Objects and Module Structure

Module 2 (Non-Common Module, Next 10 sessions) – Develop an understanding, from a global perspective, of the nine types of political risk and assess their impact on business operations

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Module 1 Content

Business and the Natural EnvironmentEnvironmental externalities and

market failureTragedy of the commons and natural

capitalGovernment regulation/Market

mechanisms

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Module 1 Content

Corporations and SocietyGlobalization and out-sourcing/off-

shoringCompetition policy and M&AsPublic health and intellectual property

rightsRecession and the financial sector

crisis

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Module 1 Scheduling Issue

Tuesday Oct 15th: Marco Petta, Managing Direction, Royal Bank of Canada

Time: 12:45pm to 2:10pm(Instead of usual class time)

Location: Main Auditorium

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Module 2 Content: 9 Types of Political Risk

Geopolitical Breaches of Contract

Global Energy Capital Market RiskTerrorism DiscriminationInternal Political Strife

Unknowns/Uncertainty

Expropriations

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C&S Evaluation Components

Midterm exam (33.3%)

1-2 Person Written Assignment (33.3%)

Classroom Contribution (33.3%)

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Mid-Term Exam

October 23rd, 2013 (Wednesday)

Closed-book, case-based exam

Testing on knowledge from Module 1

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Written Assignment

Groups of 1 or 2

Due December 12th, 2013 (Thursday)

Topic: Non-market issue facing a company or organization.

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Contribution in Detail

Somewhat different here due to the nature of some of the classes.Mix of cases, discussions, & activitiesAsk clarifying questions with the terminology if it is not clear

Develop a glossarySeek out assistance before you fall too far behind.

Email, call or find me in my office!

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Contribution in Detail

Low contribution45 – student who attended every class, was never disruptive and never speaks55 – student who attended every class, was never disruptive and only responded to cold calls and showed preparation70 – student who has perfect attendance, participates “enough”, but only at a basic level

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Peer Evaluation Grading SheetPoint

ValueCategory(Frequency)

Components of in-class contribution

3 Outstanding Rare(0-10%)

The comment adds substantial value to the discussion.Demonstrates willingness to take risks in attempting to answer difficult or unpopular questions.Breaks new ground and raises the flow of discussion to a higher level, often by synthesizing material and applying multiple lenses or techniques.

2 Significant Frequent(10-30%)

The comment adds value to the discussion, beyond case facts.There is evidence of analysis rather than just the expression of opinion (although some espousal of opinion is acceptable, even desirable in certain circumstances).Comments are linked to those of others, facilitating the flow of the discussion.Demonstrates knowledge of readings and other relevant course material.Incorporate relevant insights from other courses or current affairs.

1 GoodCommon(50-70%)

The comment advances the flow of the discussion (including responses to questions from the instructor).Demonstrates clear grasp of case material.Information presented is relevant to the discussion.

-1 UnsatisfactoryRare(0-10%)

Lack of preparation for class discussion; failure to listen.Criticisms are directed at others versus towards their ideas.Defensive behavior (e.g., aggression or withdrawal) is exhibited.Drains energy from class goals.

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Absences

As per HBA program requirements, it is required that all absences must be reported to the HBA office via HBA2away@ivey.ca as well as to me.

(Easiest to just include both of us on the same e-mail)

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Classroom Contribution

Guidelines45/100: no absences, no contribution55/100: no absences, cold calls only70/100: no absences, basic contribution (mostly 1s)

AbsencesExcused (0)Unexcused (-1)

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Classroom Contribution

5+ absences = Inability to submit final assignment

Submissions in lieu of absence not permitted

Contribution scored each classWe are focusing on QUALITY, not QUANTITY.We are focusing on CONTRIBUTION, not PARTICIPATION.

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My Expectations of You

Attendance is mandatoryClass contribution is essentialPreparednessGive me feedbackRespect each otherEngaging atmosphereBe succinctHave fun!!!!!

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Your Expectations of Me

EvaluationBalance contributionGrading consistency and transparency Ongoing feedback on contributionOut of class contribution not acceptableHarsh on cheatersClear on expectations

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Your Expectations of Me

Classroom ManagementDiscipline classroom behaviour (contribution versus participation)Constructive feedback live in classHold students accountablePush you on points you’re makingClearer on what is right versus wrongFoster interaction

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Your Expectations of Me

Outside ClassroomBe availableTactics to improve contribution

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Your Expectations of MeClass Content/DeliverySummary objectivesAre we missing the point?Post slides on eZoneAllow for rebuttalsDiversity of delivery modesGrab our attentionDebates and controversial topicsEasy on the readingsLess on case facts

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About Me

Trained as an Economist: PhD (Ivey), MA (Rochester), BA (UWO)Writer for Rogers Media, Inc. Formerly at the Globe and Mail’s Economy Lab. Also written for National Post, Ottawa Citizen, etc.Frequent media commentator: Lang & O’Leary (CBC), EconoMix (CTV), The Agenda (TVO)Co-owner, founder, consultant: Nexreg Compliance Inc.