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7/29/2019 Comm210 Week05 g
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• Reco nize the ke role of u er mana ement in
setting a direction
for
the
organization
• Understand why vision plays a role in a company’s success
• Be able
to reconcile
the
need
for
stability
with
the
• Uncover & critique underlying assumptions and
• Think about your own values and assumptions
7/29/2019 Comm210 Week05 g
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•
– Goals you
might
like
to achieve
during
your
lifetime
• Instrumental values
– v u
achieving the terminal values (Column 2)
, friends or co‐workers, would it matter? Why or
7/29/2019 Comm210 Week05 g
http://slidepdf.com/reader/full/comm210-week05-g 3/22
Jim Collins: Teacher and Business
consultant
Jerry Porras: Professor of
Stanford
University
in
the
US
7/29/2019 Comm210 Week05 g
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Stabilit coexists with chan e
Envisioned future
- Stimulates
progress
nc u es:
BHAG
&Vivid description of Core Ideology –
unchanging.
the future
nc u es:Core Values
&
7/29/2019 Comm210 Week05 g
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•
holds the
organization
together
stems from founders core beliefs – e.g. imagination, equality, justice,
sustainability)
– Core purpose: Ideals that underlie the work of the
company (e.g. to make people happy, to solve the seemingly
7/29/2019 Comm210 Week05 g
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•
– Audacious, vivid goals
stimulate
progress
–
– Difficult but not impossible to achieve
– vo e e ave arr ve syn rome
• Envisioned future: What will the company/the world
• Motivates people to achieve the end goal.
7/29/2019 Comm210 Week05 g
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Apply C&P’s “5 whys” to your own decision to study us ness sc oo …
Q1: Why did you choose to study business?
A1:
It
seemed
like
a
practical
choice.– :
• A2: Business is part of most disciplines. Art, medicine, technology… they all have a business component.
– Q3: Why
do
they
all have
a business
component?
Etc…
• A5: I can enable/facilitate a number of
about, without having to choose one
discipline to dedicate
my
life
to,
right
now.
7/29/2019 Comm210 Week05 g
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Exercise:
Vision
in
successful
Canadian
firms
• Six successful companies M‐C (ch. 7)
– o are
– Methanex
– Fruits & Passion
– Iceberg Vodka
– Extreme CCTV
– Couche‐Tard
• What might be their core ideology?
• What might be an audacious goal (BHAG)?
• ‐
page #s)
7/29/2019 Comm210 Week05 g
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break
7/29/2019 Comm210 Week05 g
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• Pay close attention to the following numbers. Please note to yourself any pattern that you may detect.
– , ,
– 51, 102, 103
– 38, 76,
77
– 1, ,
Now, if you see a
attern…. come u with a
series of numbers
(or
a
few) that follow the same
pattern.
7/29/2019 Comm210 Week05 g
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Ex l r n rl in m ti n
• =
principles that form
the
bases
of our
beliefs
&
•They tell us whether evidence provided for a
– Reality assumptions
– a ue assumpt ons
• Challenging underlying assumptions
7/29/2019 Comm210 Week05 g
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Evidence: Aldo (198), Bata (99), Bellini (7), Claim: “Outsiders” are
more likely to build global, ron man , e c mann , ronac
(101)
successful businesses
Underlying reality
assumptions:
Eac o t ese entrepreneurs is an outsi er in Cana a
The number of outsider entrepreneurs is proportionately greater
than one would expect (compared to Canadian‐born)
Are these
assumptions
warranted?
7/29/2019 Comm210 Week05 g
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Evidence: McCain (101); Cirque du Claim: “Outsiders” are
more likel to build lobal, , , ,
(198‐9)
successful businesses
Underlying reality
assumptions:
Each of these entrepreneurs is an outsider in Canada
Are these assumptions warranted?
7/29/2019 Comm210 Week05 g
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o son
s a poor
marketer of beer The Beer Store in Ontario
All Molson beer is sold in “the same dirt‐
brown lon ‐neck” bottles
Rubber gloves & conveyor belts are signs of disrespect
Brown
bottles
are
unattractive
Underlying reality assumptionClear bottles are more appropriate for selling beer
7/29/2019 Comm210 Week05 g
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Mandel‐Campbell’s underlying reality assumptions?
Successful Less than successful
… and
some
companies that fall
Companies that
went global, but Went Global
in this box were arrogant
She describes
companies that fall ?Stayed Local
…
Im licit realit assum tion that there are few or
no companies
in
the
empty
box
7/29/2019 Comm210 Week05 g
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•
– Use the
feedback you
will
get
to revise
your
– Personalize the cover letter with names and
contact information of team members
– Present this to your instructor as soon as possible
― b Week 7 at the latest
7/29/2019 Comm210 Week05 g
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Examples of midterm questions: Based on
“ ”,
1. Give an example of a first mover mentioned in the article.
xp a n your se ec on.
2. “The self
‐satisfied
Eaton
clan…
chose
to
neglect
their
herita e heirloom.” How mi ht Greiner assess this
statement?
3. Would Mandel
‐Campbell
agree
with
this
article?
Why
or why
not
4. Does the article convince you of the claim that foreign
investment is ood? Please ex lain addressin stren ths and
weaknesses of the
evidence,
and
at least
one
underlying
assumption in the article.
7/29/2019 Comm210 Week05 g
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Chandler’s claims
• Successful firms
capitalize
on
economies
of scale
&
scope, create management structures and invest in
research & development
– Once a firm
loses
the
opportunity
to be
a first
mover,
it is difficult to regain competitive advantage
– Growth through unrelated diversification is a poor
– Business ownership patterns have diminished the
likelihood of long‐term success
7/29/2019 Comm210 Week05 g
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Greiner
– ke
conce ts• Organizational growth = A series of
developmental
phases• Management practices that work well in one p ase ring on a crisis in t e next
• Concept
list:
Evolution
&
Revolution;
Crises
=
“ ”, , , , growth = Creativity, Direction, Delegation, Coordination, Collaboration
• Different management
styles
are
appropriate
in different phases of the life cycle
7/29/2019 Comm210 Week05 g
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–
• O erational effectiveness vs strate
• Variety‐based
positioning
• ‐
• Access‐based positioning
‐
• Strategic fit
7/29/2019 Comm210 Week05 g
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Other
terms
ou
should
know• Shareholders* • Multinational firm&
• Diversification• R&D*
globalization*• Consumerism
• Mergers & acquisitions
• Environmental change
• Claims
• Qualities of evidence
• Chief Executive Office *
• Organizational structure
•assumptions
*More information & examples inCritical Thinkingpg 86-94
7/29/2019 Comm210 Week05 g
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To prepare for midterm next week
•
– “Kitchen‐classroom
conservatives”
“ ”–
• Read, ponder, take notes, discuss
• erm s c ose ‐ oo no es– Clean copy of the two articles
–‐
,‐
– Paper (not electronic) dictionaries allowed