Welcome
Who   the   hell   is   Larr y ?
Who   the   hell   is   Larr y ?




                        He was born here...
*disclaimer: I wasn’t really born here, but there are no good pictures of Rochester, NY
raised here...
*disclaimer: I did have a home, I wasn’t raised on the streets
Went   to school here...
Carnegie Mellon University & Tepper School of Business
Went   to work and   live here...
Management Science Associates (consulting)
Where he   cheered for...
and...
and tried to ignore...
Then he   went overseas   to   here...
(Geneva Switzerland)
then   here...
Then he had his own   internet startup
I’m gonna   be rich!
...in   1999...
Then he worked in   offshore
                    outsourcing...
Development is
cheaper offshore!
Until he got   outsourced...
Marketing is cheaper
 offshore too!



                       Hey,   wait!
Then he moved   here …
but it felt like   here …
Started a   marketing consulting firm …
Adopted a best   friend...
The dog, not the beer. Beer is 2nd best friend.
and started teaching at   UOP...
That’s   who   I   am.
That’s    who   I   am.
  Who        the    hell   are   you?
  •   How old are you?

  •   How long in program?

  •   Where do you work?

  •   Peer interview
Peer interviews: 10 minutes
What you will learn
1
Introduction to Strategic Management
2
Internal and External Environment
3
Strategy development
4
Strategy Implementation
5
Monitoring and Control
Grading & Class Policies
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 2
Individual Assignment: Conceptualizing a Business                                     5
Individual Assignment: Value Alignment                                               10
Learning Team Assignment: Business Selection Discussion                               2
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 2
Individual Assignment: Conceptualizing a Business                                     5
Individual Assignment: Value Alignment                                               10
Learning Team Assignment: Business Selection Discussion                               2
Week 3
Individual Assignment: SWOTT Analysis Paper and Table                                 5
Learning Team Assignment: Considerations of a Strategic Plan List                     2
Learning Team Assignment: Functional Area Interrelationships                         10
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 2
Individual Assignment: Conceptualizing a Business                                     5
Individual Assignment: Value Alignment                                               10
Learning Team Assignment: Business Selection Discussion                               2
Week 3
Individual Assignment: SWOTT Analysis Paper and Table                                 5
Learning Team Assignment: Considerations of a Strategic Plan List                     2
Learning Team Assignment: Functional Area Interrelationships                         10
Week 4
Individual Assignment: Balanced Scorecard                                            10
Learning Team Assignment: Strategic Direction Evaluation                              2
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 2
Individual Assignment: Conceptualizing a Business                                     5
Individual Assignment: Value Alignment                                               10
Learning Team Assignment: Business Selection Discussion                               2
Week 3
Individual Assignment: SWOTT Analysis Paper and Table                                 5
Learning Team Assignment: Considerations of a Strategic Plan List                     2
Learning Team Assignment: Functional Area Interrelationships                         10
Week 4
Individual Assignment: Balanced Scorecard                                            10
Learning Team Assignment: Strategic Direction Evaluation                              2
Week 5
Individual Assignment: Tactics and Strategies                                         5
Individual Assignment: Final Strategic Plan and Presentation                         15
Individual Assignment: Final Examination                                             15
Learning Team Assignment: Communication Plan Outline                                  4
Week 1                                                                              Points
Importance of Strategic Planning and Management in the Business Environment Paper     5
Week 2
Individual Assignment: Conceptualizing a Business                                     5
Individual Assignment: Value Alignment                                               10
Learning Team Assignment: Business Selection Discussion                               2
Week 3
Individual Assignment: SWOTT Analysis Paper and Table                                 5
Learning Team Assignment: Considerations of a Strategic Plan List                     2
Learning Team Assignment: Functional Area Interrelationships                         10
Week 4
Individual Assignment: Balanced Scorecard                                            10
Learning Team Assignment: Strategic Direction Evaluation                              2
Week 5
Individual Assignment: Tactics and Strategies                                         5
Individual Assignment: Final Strategic Plan and Presentation                         15
Individual Assignment: Final Examination                                             15
Learning Team Assignment: Communication Plan Outline                                  4
Participation                                                                        10
Class policies


• All assignments are due in individual or team forums by 6 p.m.
• Late penalties are 10% per day.
• No assignments accepted after the final day of class.
• Technology issues ( forgotten attachments) are not valid late excuses.
Email papers if ecampus becomes goes down.

• Learning teams will most always receive the same grade, however I
reserve the right to assign individual grades for substantial imbalance of
workload or quality.
1st break, learning team
 formation & research
Strategy in the news




        vs.
President   Supermodel   Castaway
Strategic Management
What is strategic management?
How does your* company use it?
        groups of 3 or 4
           10 minutes
  Select one person to report
exercise
    What is strategic management?
   How does your* company use it?
           groups of 3 or 4
              10 minutes
     Select one person to report
Strategic management

    The set of decisions and actions that result in
formulation and implementation of plans designed to
           achieve a company’s objectives
“A strategy delineates a
  territory in which a
 company seeks to be
        unique.”

     michael porter
tactic
                      how
   how
                             tactic




    strategy
tactic                      tactic

         how       tactic
tactic
                      how
   how
                             tactic




   WHAT
tactic                      tactic

         how       tactic
we’re
CHEAP
technology
scale



               we’re
        CHEAP


   logistics
                   bargaining
CHANGE
healthcare




CHANGE


close
gitmo
             torture
we’re
FAST
tracking




           we’re
           FAST


training
                 hub & spoke
Mission, Vision & Values
      Statements
What is a   company mission?
mission
noun

• [in sing. ] an organization or institution involved in a long-term
assignment in a foreign country : the majestic garden of the West German
mission | : [as adj. ] the mission school.

• a strongly felt aim,    ambition, or calling : his main mission in
life has been to cut unemployment.

• an expedition into space.
The unique purpose that sets a
 company apart from others of its
type and identifies the scope of its
operations. In product, market, and
        technology terms.
havethat
It doesn’t
   to be
boring
“I believe that this nation should
 commit itself to achieving the goal,
before this decade is out, of landing a
man on the moon and returning him
          safely to the earth”
Alcoa's Values
Integrity

Alcoa’s foundation is our integrity. We are open, honest and trustworthy in dealing with
customers, suppliers, coworkers, shareholders and the communities where we have an
impact.

Environment, Health and Safety

We work safely in a manner that protects and promotes the health and well-being of
the individual and the environment.

Customer

We support our customers' success by creating exceptional value through innovative
product and service solutions.

Excellence

We relentlessly pursue excellence in everything we do, every day.

People

We work in an inclusive environment that embraces change, new ideas, respect for the
individual and equal opportunity to succeed.

Profitability
We live our Values and measure our success by the success of our customers,
shareholders, communities and people.

Alcoa's Principles
Integrity
  • We live our Values everywhere, all of the time.

 •    We demonstrate integrity in our behavior and actions.

 •    We keep our promises.

 •    We have the confidence and courage to ask for help.

 •    We expect integrity from every Alcoan and do not tolerate unethical behavior.

 •    We avoid conflicts of interest but will declare situations where they may occur.

 •    We expect integrity from our customers, suppliers, and others who do business
      with us.

 •    We communicate openly with individuals and communities on issues that affect
      them.
Environment, Health and Safety

 •    We value human life above all else and manage risks accordingly.

 •    We relentlessly pursue and continually improve EHS systems and processes to
      achieve an EHS incident-free workplace.

 •    We do not compromise our EHS Value for profit or production.

 •    We comply with all laws and set higher standards for ourselves and our suppliers
      where unacceptable risks are identified.

 •    We support pollution prevention and sustainable development, by incorporating
      social responsibility, economic success and environmental excellence into our
      decision making process.

 •    We measure and assess our performance and are open and transparent in our
•   We measure and assess our performance and are open and transparent in our
     communications.

 •   We supply and use safe and reliable products and services.

 •   We use our EHS knowledge to enhance the safety and well-being of our
     communities.

 •   We are all accountable for conforming with and deploying our EHS Value and
     Principles.
Customer

 •   We deeply understand our customers needs and consistently meet or exceed them
     through ABS.

 •   We build strong long-term customer relationships at all levels.

 •   We cross organizational and geographic boundaries to seamlessly serve customers.

 •   We are the leader in our chosen market segments.

 •   We develop innovative product, service, and information solutions.

 •   We develop and nurture clear Alcoa and product brand identities.

  • We develop and maintain a strong commercial organizational capability.
Excellence

 •   We continuously set goals beyond the best.

 •   We demand, recognize, and reward excellence.

 •   We achieve system excellence through application of the rules of our system and
     by rapidly implementing best practices.

 •   We eliminate waste by rapidly solving problems at their source.

 •   We move practical and theoretical limits through innovation.
by rapidly implementing best practices.

 •   We eliminate waste by rapidly solving problems at their source.

 •   We move practical and theoretical limits through innovation.

 •   We have rapid change as a mindset.

 •   We are committed to excellence by living our Values.

 •   We empower our people through a diverse learning organization to capture the
     best from everyone.
People

 •   We treat each other with dignity and respect at all times.

 •   We seek to understand each other's ideas and suggestions.

 •   We value diversity and our individual differences.

 •   We create and seize opportunities for growth and development.

 •   We seek and accelerate change.

 •   We continuously re-design our work to eliminate waste and improve the value of
     our work.

 •   We provide appreciative and constructive feedback to each other to improve our
     individual and team performance.

 •   We create the appropriate balance in our work and family lives.

 •    We create value in the community in which we live and work, through our
      presence and leadership.
Profitability

 •   We all understand how our job contributes to profitability.

 •   We eliminate waste every day, reducing our costs and capital requirements.
•   We all understand how our job contributes to profitability.

 •   We eliminate waste every day, reducing our costs and capital requirements.

 •   We earn our right to grow by achieving returns that exceed our cost of capital.

 •   We aggressively pursue organic growth by creating exceptional value for customers.

 •   We make strategic acquisitions and integrate them excellently.

 •   We openly and effectively communicate our financial results internally and
     externally.

 • We do not make money at the expense of our Values.
Accountability

 •   We first recognize our role and responsibilities, then take ownership, and accept the
     consequences of our actions.

 •   We act with a sense of ownership in our workplace.

 •   We encourage an environment of risk taking within the context of accountability.

 •   We solve the problems in our area of responsibility and drive continuous
     improvement of our work.

 •   We do what we say we will do.

 •   We communicate openly as positive team members to increase the performance of
     our teams.

 •   We recognize the impact that our own actions have in all outcomes.

 •   We recognize individual and team accomplishments and successes.
Your mission: find all the
mission statements you can in
          15 minutes
To defend the United States
    through control and
exploitation of air and space
Guaranteed. Period.
"…finding solutions for families, especially busy moms." 
"We are committed to achieving new standards of
    excellence by providing superior human capital
management services and maximizing the potential of
all stakeholders - clients, candidates and employees -
through the delivery of the most reliable, responsive,
      flexible, and cost-effective services possible."
Aflac insurance policies may help
   you with those expenses not
covered by your major medical plan.
The subversion of the class structure of 19th
 century England by making available to the
working and lower-middle classes, upper-class
  quality at prices the working and lower-
      middle classes could well afford.
What is the difference between a
     mission and a vision?
What        Where do
business are   we want to
  we in?          be
fundamenta
Articulating a Vision                   seldom, if ev
                                           To identif
                                        tion, push w
                                        values are tr
        Core Ideology                   five or six, c
          Core values                   values (whic
          Core purpose                  tices, busine
                                        should be o
                                        must stand
                                        preliminary
                                        one, If the ci
                                        for holding t
         Envisioned Future
                                        you can’t ho
            10-to-30-year BHAG          core and sho
         (Big, Hairy, Audacious Goal)
            Vivid description              A high-te
                                        it should pu
                                        CEO asked,
                                        make a hoo
                                        the only th
                                        horsepower
“However, in actual
practice, the mission and vision
   statement are frequently
    combined into a single
           statement.”
Organizational structure,
 culture, and purpose
The basic corporate structure

         Board & CEO
The basic corporate structure

                 Board & CEO




                                             Human
R&D    Finance    Marketing    Operations
                                            Resources
The centralized multi-business structure

                         Board & CEO




  R&D


 Finance


Marketing


Operations

 Human
Resources
The centralized multi-business structure

                               Board & CEO




  R&D          Business Unit   Business Unit   Business Unit   Business Unit


 Finance


Marketing


Operations

 Human
Resources
The de-centralized multi-business structure

                                Board & CEO




Business Unit   Business Unit   Business Unit   Business Unit   Business Unit


    R&D             R&D             R&D             R&D             R&D


  Finance         Finance         Finance         Finance         Finance


 Marketing       Marketing       Marketing       Marketing       Marketing


Operations      Operations       Operations     Operations      Operations

  Human           Human           Human           Human           Human
 Resources       Resources       Resources       Resources       Resources
Centralized v. De-centralized
Agency theory
Stakeholders
Casablanca Cruise Lines
Casablanca Cruises




• Bought   two used Ocean Liners

• Retrofitting   for luxury playground

• Active   seniors
A slight problem. . .


• Ships   have Asbestos

• Must    be removed

• Costs   $100M in United States

• Costs   $20M in Novastan

• You   have to do it for less than $30M
Novastan Health Regulations




• Workers  must have gloves, overalls, masks, boots
 respirators

• U.S. there
         are respirators, negative airflow control,
 much more sophistication
Decision has been made




• Moving    ahead with project

• Abiding   by Novastani regulations

 • plus   a little more
Are they wearing the masks?




• Talking   to on-site project manager

• Men   are not wearing masks

• What   do you do?
Disclosure




• Bleeding   heart magazine

• Photos   of Novastan job site

• No   masks, 14 year old workers
Review
we’re
CHEAP
technology
scale



               we’re
        CHEAP


   logistics
                   bargaining
CHANGE
healthcare




CHANGE


close
gitmo
             torture
we’re
FAST
tracking




           we’re
           FAST


training
                 hub & spoke
Inspire   Clarify   Define
Assignments
Week 2
Individual Assignment: Conceptualizing a Business       5




  Write a 1,050-1,400-word paper in which you explain the
  importance of your selected business’ vision, mission, and
        values in determining your strategic direction.
Week 2
Individual Assignment: Conceptualizing a Business        5

Individual Assignment: Value Alignment                   10




  Select an existing organization with which you are familiar
        that is different than the one you used for the
              “Conceptualizing a Business” paper.

  • Write a 700-1,050-word paper in which you analyze the
  individual values and the organization’s values as reflected
             by the organizations plans and actions
Week 2
Individual Assignment: Conceptualizing a Business         5

Individual Assignment: Value Alignment                    10

Learning Team Assignment: Business Selection Discussion   2




   Discuss with your Learning Team your selected business
  from the Week One assignment, Importance of Strategic
   Planning and Management in the Business Environment
  Paper. In this discussion, share your ideas about what your
        business is and what you hope it will become.
Week 2
Individual Assignment: Conceptualizing a Business             5

Individual Assignment: Value Alignment                        10

Learning Team Assignment: Business Selection Discussion       2




                              Business selection discussion

                               Use your forums
                       One thread per person/business
                    Contribute at least one post per person
                           Summarize your thread
Next Week
SWOTT Analysis

Environmental scanning

Bus475.Nov09.1

  • 1.
  • 3.
    Who the hell is Larr y ?
  • 4.
    Who the hell is Larr y ? He was born here...
  • 5.
    *disclaimer: I wasn’treally born here, but there are no good pictures of Rochester, NY
  • 6.
  • 7.
    *disclaimer: I didhave a home, I wasn’t raised on the streets
  • 8.
    Went to school here...
  • 9.
    Carnegie Mellon University& Tepper School of Business
  • 10.
    Went to work and live here...
  • 11.
  • 12.
    Where he cheered for...
  • 14.
  • 16.
    and tried toignore...
  • 18.
    Then he went overseas to here...
  • 19.
  • 20.
    then here...
  • 22.
    Then he hadhis own internet startup
  • 23.
    I’m gonna be rich!
  • 24.
    ...in 1999...
  • 27.
    Then he workedin offshore outsourcing...
  • 28.
  • 29.
    Until he got outsourced...
  • 30.
    Marketing is cheaper offshore too! Hey, wait!
  • 31.
    Then he moved here …
  • 33.
    but it feltlike here …
  • 35.
    Started a marketing consulting firm …
  • 37.
    Adopted a best friend...
  • 38.
    The dog, notthe beer. Beer is 2nd best friend.
  • 39.
  • 42.
    That’s who I am.
  • 43.
    That’s who I am. Who the hell are you? • How old are you? • How long in program? • Where do you work? • Peer interview
  • 44.
  • 45.
  • 46.
  • 47.
  • 48.
  • 49.
  • 50.
  • 51.
  • 53.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5
  • 54.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5 Week 2 Individual Assignment: Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2
  • 55.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5 Week 2 Individual Assignment: Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Week 3 Individual Assignment: SWOTT Analysis Paper and Table 5 Learning Team Assignment: Considerations of a Strategic Plan List 2 Learning Team Assignment: Functional Area Interrelationships 10
  • 56.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5 Week 2 Individual Assignment: Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Week 3 Individual Assignment: SWOTT Analysis Paper and Table 5 Learning Team Assignment: Considerations of a Strategic Plan List 2 Learning Team Assignment: Functional Area Interrelationships 10 Week 4 Individual Assignment: Balanced Scorecard 10 Learning Team Assignment: Strategic Direction Evaluation 2
  • 57.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5 Week 2 Individual Assignment: Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Week 3 Individual Assignment: SWOTT Analysis Paper and Table 5 Learning Team Assignment: Considerations of a Strategic Plan List 2 Learning Team Assignment: Functional Area Interrelationships 10 Week 4 Individual Assignment: Balanced Scorecard 10 Learning Team Assignment: Strategic Direction Evaluation 2 Week 5 Individual Assignment: Tactics and Strategies 5 Individual Assignment: Final Strategic Plan and Presentation 15 Individual Assignment: Final Examination 15 Learning Team Assignment: Communication Plan Outline 4
  • 58.
    Week 1 Points Importance of Strategic Planning and Management in the Business Environment Paper 5 Week 2 Individual Assignment: Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Week 3 Individual Assignment: SWOTT Analysis Paper and Table 5 Learning Team Assignment: Considerations of a Strategic Plan List 2 Learning Team Assignment: Functional Area Interrelationships 10 Week 4 Individual Assignment: Balanced Scorecard 10 Learning Team Assignment: Strategic Direction Evaluation 2 Week 5 Individual Assignment: Tactics and Strategies 5 Individual Assignment: Final Strategic Plan and Presentation 15 Individual Assignment: Final Examination 15 Learning Team Assignment: Communication Plan Outline 4 Participation 10
  • 59.
    Class policies • Allassignments are due in individual or team forums by 6 p.m. • Late penalties are 10% per day. • No assignments accepted after the final day of class. • Technology issues ( forgotten attachments) are not valid late excuses. Email papers if ecampus becomes goes down. • Learning teams will most always receive the same grade, however I reserve the right to assign individual grades for substantial imbalance of workload or quality.
  • 60.
    1st break, learningteam formation & research
  • 61.
  • 63.
    President Supermodel Castaway
  • 64.
  • 65.
    What is strategicmanagement? How does your* company use it? groups of 3 or 4 10 minutes Select one person to report
  • 66.
    exercise What is strategic management? How does your* company use it? groups of 3 or 4 10 minutes Select one person to report
  • 67.
    Strategic management The set of decisions and actions that result in formulation and implementation of plans designed to achieve a company’s objectives
  • 68.
    “A strategy delineatesa territory in which a company seeks to be unique.” michael porter
  • 69.
    tactic how how tactic strategy tactic tactic how tactic
  • 70.
    tactic how how tactic WHAT tactic tactic how tactic
  • 73.
  • 74.
    technology scale we’re CHEAP logistics bargaining
  • 77.
  • 78.
  • 81.
  • 82.
    tracking we’re FAST training hub & spoke
  • 85.
    Mission, Vision &Values Statements
  • 86.
    What is a company mission?
  • 87.
    mission noun • [in sing.] an organization or institution involved in a long-term assignment in a foreign country : the majestic garden of the West German mission | : [as adj. ] the mission school. • a strongly felt aim, ambition, or calling : his main mission in life has been to cut unemployment. • an expedition into space.
  • 88.
    The unique purposethat sets a company apart from others of its type and identifies the scope of its operations. In product, market, and technology terms.
  • 90.
  • 92.
    “I believe thatthis nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth”
  • 93.
    Alcoa's Values Integrity Alcoa’s foundationis our integrity. We are open, honest and trustworthy in dealing with customers, suppliers, coworkers, shareholders and the communities where we have an impact. Environment, Health and Safety We work safely in a manner that protects and promotes the health and well-being of the individual and the environment. Customer We support our customers' success by creating exceptional value through innovative product and service solutions. Excellence We relentlessly pursue excellence in everything we do, every day. People We work in an inclusive environment that embraces change, new ideas, respect for the individual and equal opportunity to succeed. Profitability
  • 94.
    We live ourValues and measure our success by the success of our customers, shareholders, communities and people. Alcoa's Principles Integrity • We live our Values everywhere, all of the time. • We demonstrate integrity in our behavior and actions. • We keep our promises. • We have the confidence and courage to ask for help. • We expect integrity from every Alcoan and do not tolerate unethical behavior. • We avoid conflicts of interest but will declare situations where they may occur. • We expect integrity from our customers, suppliers, and others who do business with us. • We communicate openly with individuals and communities on issues that affect them. Environment, Health and Safety • We value human life above all else and manage risks accordingly. • We relentlessly pursue and continually improve EHS systems and processes to achieve an EHS incident-free workplace. • We do not compromise our EHS Value for profit or production. • We comply with all laws and set higher standards for ourselves and our suppliers where unacceptable risks are identified. • We support pollution prevention and sustainable development, by incorporating social responsibility, economic success and environmental excellence into our decision making process. • We measure and assess our performance and are open and transparent in our
  • 95.
    We measure and assess our performance and are open and transparent in our communications. • We supply and use safe and reliable products and services. • We use our EHS knowledge to enhance the safety and well-being of our communities. • We are all accountable for conforming with and deploying our EHS Value and Principles. Customer • We deeply understand our customers needs and consistently meet or exceed them through ABS. • We build strong long-term customer relationships at all levels. • We cross organizational and geographic boundaries to seamlessly serve customers. • We are the leader in our chosen market segments. • We develop innovative product, service, and information solutions. • We develop and nurture clear Alcoa and product brand identities. • We develop and maintain a strong commercial organizational capability. Excellence • We continuously set goals beyond the best. • We demand, recognize, and reward excellence. • We achieve system excellence through application of the rules of our system and by rapidly implementing best practices. • We eliminate waste by rapidly solving problems at their source. • We move practical and theoretical limits through innovation.
  • 96.
    by rapidly implementingbest practices. • We eliminate waste by rapidly solving problems at their source. • We move practical and theoretical limits through innovation. • We have rapid change as a mindset. • We are committed to excellence by living our Values. • We empower our people through a diverse learning organization to capture the best from everyone. People • We treat each other with dignity and respect at all times. • We seek to understand each other's ideas and suggestions. • We value diversity and our individual differences. • We create and seize opportunities for growth and development. • We seek and accelerate change. • We continuously re-design our work to eliminate waste and improve the value of our work. • We provide appreciative and constructive feedback to each other to improve our individual and team performance. • We create the appropriate balance in our work and family lives. • We create value in the community in which we live and work, through our presence and leadership. Profitability • We all understand how our job contributes to profitability. • We eliminate waste every day, reducing our costs and capital requirements.
  • 97.
    We all understand how our job contributes to profitability. • We eliminate waste every day, reducing our costs and capital requirements. • We earn our right to grow by achieving returns that exceed our cost of capital. • We aggressively pursue organic growth by creating exceptional value for customers. • We make strategic acquisitions and integrate them excellently. • We openly and effectively communicate our financial results internally and externally. • We do not make money at the expense of our Values. Accountability • We first recognize our role and responsibilities, then take ownership, and accept the consequences of our actions. • We act with a sense of ownership in our workplace. • We encourage an environment of risk taking within the context of accountability. • We solve the problems in our area of responsibility and drive continuous improvement of our work. • We do what we say we will do. • We communicate openly as positive team members to increase the performance of our teams. • We recognize the impact that our own actions have in all outcomes. • We recognize individual and team accomplishments and successes.
  • 98.
    Your mission: findall the mission statements you can in 15 minutes
  • 99.
    To defend theUnited States through control and exploitation of air and space
  • 101.
  • 102.
    "…finding solutions forfamilies, especially busy moms." 
  • 103.
    "We are committedto achieving new standards of excellence by providing superior human capital management services and maximizing the potential of all stakeholders - clients, candidates and employees - through the delivery of the most reliable, responsive, flexible, and cost-effective services possible."
  • 104.
    Aflac insurance policiesmay help you with those expenses not covered by your major medical plan.
  • 105.
    The subversion ofthe class structure of 19th century England by making available to the working and lower-middle classes, upper-class quality at prices the working and lower- middle classes could well afford.
  • 106.
    What is thedifference between a mission and a vision?
  • 107.
    What Where do business are we want to we in? be
  • 108.
    fundamenta Articulating a Vision seldom, if ev To identif tion, push w values are tr Core Ideology five or six, c Core values values (whic Core purpose tices, busine should be o must stand preliminary one, If the ci for holding t Envisioned Future you can’t ho 10-to-30-year BHAG core and sho (Big, Hairy, Audacious Goal) Vivid description A high-te it should pu CEO asked, make a hoo the only th horsepower
  • 109.
    “However, in actual practice,the mission and vision statement are frequently combined into a single statement.”
  • 110.
  • 111.
    The basic corporatestructure Board & CEO
  • 112.
    The basic corporatestructure Board & CEO Human R&D Finance Marketing Operations Resources
  • 113.
    The centralized multi-businessstructure Board & CEO R&D Finance Marketing Operations Human Resources
  • 114.
    The centralized multi-businessstructure Board & CEO R&D Business Unit Business Unit Business Unit Business Unit Finance Marketing Operations Human Resources
  • 115.
    The de-centralized multi-businessstructure Board & CEO Business Unit Business Unit Business Unit Business Unit Business Unit R&D R&D R&D R&D R&D Finance Finance Finance Finance Finance Marketing Marketing Marketing Marketing Marketing Operations Operations Operations Operations Operations Human Human Human Human Human Resources Resources Resources Resources Resources
  • 116.
  • 117.
  • 118.
  • 119.
  • 120.
    Casablanca Cruises • Bought two used Ocean Liners • Retrofitting for luxury playground • Active seniors
  • 121.
    A slight problem.. . • Ships have Asbestos • Must be removed • Costs $100M in United States • Costs $20M in Novastan • You have to do it for less than $30M
  • 122.
    Novastan Health Regulations •Workers must have gloves, overalls, masks, boots respirators • U.S. there are respirators, negative airflow control, much more sophistication
  • 123.
    Decision has beenmade • Moving ahead with project • Abiding by Novastani regulations • plus a little more
  • 124.
    Are they wearingthe masks? • Talking to on-site project manager • Men are not wearing masks • What do you do?
  • 125.
    Disclosure • Bleeding heart magazine • Photos of Novastan job site • No masks, 14 year old workers
  • 126.
  • 127.
  • 128.
    technology scale we’re CHEAP logistics bargaining
  • 129.
  • 130.
  • 131.
  • 132.
    tracking we’re FAST training hub & spoke
  • 134.
    Inspire Clarify Define
  • 135.
  • 137.
    Week 2 Individual Assignment:Conceptualizing a Business 5 Write a 1,050-1,400-word paper in which you explain the importance of your selected business’ vision, mission, and values in determining your strategic direction.
  • 138.
    Week 2 Individual Assignment:Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Select an existing organization with which you are familiar that is different than the one you used for the “Conceptualizing a Business” paper. • Write a 700-1,050-word paper in which you analyze the individual values and the organization’s values as reflected by the organizations plans and actions
  • 139.
    Week 2 Individual Assignment:Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Discuss with your Learning Team your selected business from the Week One assignment, Importance of Strategic Planning and Management in the Business Environment Paper. In this discussion, share your ideas about what your business is and what you hope it will become.
  • 140.
    Week 2 Individual Assignment:Conceptualizing a Business 5 Individual Assignment: Value Alignment 10 Learning Team Assignment: Business Selection Discussion 2 Business selection discussion Use your forums One thread per person/business Contribute at least one post per person Summarize your thread
  • 141.
  • 142.

Editor's Notes

  • #169 Conflict between owners and managers Wall street – outsize risks
  • #170 Milton Friedman