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Welcome to MGT 6883

Welcome to MGT 6883, a transformative course designed to be your most enjoyable and valuable graduate experience. Led by Dr. Jeff Stambaugh, a strategist with extensive industry experience, you'll explore the multifaceted nature of strategy. This course will equip you with essential frameworks and executive skills to analyze business environments, make strategic decisions, and understand your role within organizations. Interactive discussions and real-world scenarios will transform your thinking about strategy, preparing you for your career ahead.

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Welcome to MGT 6883

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  1. Welcome to MGT 6883 Jeff Stambaugh Dillard College of Business/Rm 257A jeff.stambaugh@mwsu.edu http://faculty.mwsu.edu/business/jeff.stambaugh Built by Stambaugh/2009

  2. My BHAG* for This Course*Big Hairy Audacious Goal • 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 Built by Stambaugh/2009

  3. Introductions • 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 Built by Stambaugh/2009

  4. Brief Introductions • Name • Major • Expected Graduation • Job / Career / What’s next? • One “fun fact” about you Built by Stambaugh/2009

  5. What is Strategy? • 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! Built by Stambaugh/2009

  6. Why Study Strategy? • 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 Built by Stambaugh/2009

  7. Course Takeaways • 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 Built by Stambaugh/2009

  8. Syllabus Review • Course web page / WebCT is vital • Communications—make sure I can email you • Course overview Built by Stambaugh/2009

  9. Why the GLO-BUSSimulation? • “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

  10. How We’ll Do This Class • 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!! Built by Stambaugh/2009

  11. How We’ll Do This Class • U-571 • LT Tyler comes up with a plan Built by Stambaugh/2009

  12. One Last Point • “Why are you here?” • So, why are you here? Built by Stambaugh/2009

  13. My BHAG* for This Course*Big Hairy Audacious Goal • 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 Built by Stambaugh/2009

  14. Next Class • What is Strategy • CH1 + Web, have a company’s annual report Built by Stambaugh/2009

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