Welcome to MGT 6883

Built by Stambaugh/2009

Jeff StambaughDillard College of Business/Rm 257A

jeff.stambaugh@mwsu.eduhttp://faculty.mwsu.edu/business/jeff.stambaugh

My BHAG* for This Course*Big Hairy Audacious Goal

Built by Stambaugh/2009

■ You will consider this your most enjoyable course upon graduation, and five years from now you will consider it to have been your most valuable graduate course

Introductions

Built by Stambaugh/2009

■ A little about me■ PhD from Texas Tech■ in strategy/entrepreneurship■ BSAE from USAF Academy, ■ night-school masters, 1 yr Harvard fellowship■ 24 years of flying jets and management positions

■ A little about you (my assumptions)■ You’re busy■ You’re interested in business

Brief Introductions

Built by Stambaugh/2009

■ Name■ Major■ Expected Graduation■ Job / Career / What’s next?■ One “fun fact” about you

What is Strategy?

Built by Stambaugh/2009

■ It’s multidisciplinary, integrative, and the “big picture”—all of your functional expertise comes into play manning

■ It’s the real world with real people (not bound by some of the assumptions in other disciplines)

■ Competition = disequilibrium!

■ It’s what separates winners and losers in the business world!

Why Study Strategy?

Built by Stambaugh/2009

■ You will better understand how you fit into your company■ Make you more effective in your job■ Set you apart from your peers

■ Strategy can be a “bottom up” process■ You may be the boss (and thus chief strategist)

sooner than you think!■ Strategic thinking is about life, not just business

Now you understand why I’m so excited about this course, and why the BHAG is

achievable

Course Takeaways

Built by Stambaugh/2009

■ Appreciation of how a company fits together■ Several frameworks to analyze what’s

happening■ Several options to fit situation■ Executive skills to implement your decisions

Syllabus Review

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■ Course web page / WebCT is vital■ Communications—make sure I can email you■ Course overview

Why the GLO-BUSGLO-BUS Simulation?

■ “Hands-on” practice with implementing your strategy

■ Make your mistakes when it isn’t real money

■ Develop ability to learn and adjust

Built by Stambaugh/2009

How We’ll Do This Class

Built by Stambaugh/2009

Class is discussion, not lecture Paradox: an argument that apparently derives self-

contradictory conclusions by valid deduction from acceptable premises

DLE (pg 38, citing Hamel & Prahalad): every manager carries around in his or her head a set of biases, assumptions, and presuppositions … We will challenge each of these biases,

assumption and presuppositions!!

How We’ll Do This Class

Built by Stambaugh/2009

U-571 LT Tyler comes up with a plan

One Last Point

Built by Stambaugh/2009

■ “Why are you here?”■ So, why are you here?

My BHAG* for This Course*Big Hairy Audacious Goal

Built by Stambaugh/2009

■ You will consider this your most enjoyable course upon graduation, and five years from now you will consider it to have been your most valuable undergraduate course

Next Class

Built by Stambaugh/2009

■ What is Strategy■ CH1 + Web, have a company’s annual report