Making Strategy by Pavaris Kesjumpol, MBA DORAIN student

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I will tell you what I got from the Making Strategy course, let’s start!

The beginning chapter of Making Strategy course did remind me of the Learning Manager, suggesting the process of facilitation to ensure the participation of each member and the collaboration’s formulation. From the lecture and a group-work experience, an equation shown below seems to reflect the social process that appears to be worth an attention in the course.

(A variety of ideas + Individual engagement) – Time and Effort sacrificed in Round Robin approach = Added value through effective negotiation process

Based on this equation, in case a negotiation process is not so effective that it fails to generate a wide range of wisdom and/or ensure a collective agreement, then there may be no need for debilitating each member through this equal-voice practice. The core learning point is an inseparability of ‘procedural justice’ and ‘procedural rationality’ in the successful cooperation process. To add more, in case you don’t know what the Round Robin is, do google it. It’s a nice term and, most importantly, not about Batman or Van Persie!

Robin Van Persie - NOT a Round Robin strategy approach

Robin Van Persie – NOT a Round Robin strategy approach

Also, we have been brought through the workshop of strategy making process of which Company’s selection was the first step. To briefly describe, we started by identifying what we thought the company should do and prioritizing them following several criteria (Issue management). Once we knew where to focus on, we tried to figure out what will happen or be achieved when the company takes the prioritized actions (Climbing up the ladder to a Goal system). Next, we inwardly looked at the resources and competencies the company is holding in comparison to the competitors and tried to identify further how their integration would support the company to achieve their goals (Competency system). Lastly, the statement of
strategic intent based on all these systems was created, and revealed how they logically support one another towards the ultimate goal of the company. The process represents the whole laddering-up approach from the resources to the ultimate objective, and shows how powerful an emergent strategizing can be in practice.

Personally, I enjoyed everything in the class and group. The more we went through the process, the more sophisticated our understanding became. Also, the dynamic of the group transformed closer to the nature of the process. Members with relatively louder voice tended to listen more carefully, whereas normally quiet members became more communicative in the strategic discussion.

At the beginning of the class, it was doubtful for me regarding the practicality and suitability of the process in real world business. Are all relevant stakeholders – especially top management – willing to change the way they think and act when they go through the route? Does the process really help sustain the business? Is it worth effort to apply this process in reality? All these questions were solved by the given lecture, the events organized by guest-speakers and my own experience with the Making Strategy workshop. The answer is, if the process is employed with thoughtful manner, strongly “Yes”.

In a nutshell, when you get buy-in from people, together with rational analysis, such a good signal towards the practicality of the strategy in terms of implementation and quality assurance of output is being peeled off.

There would be difficulties in undertaking this for a company, even when all required resources are available. This is because a corporate goal is not achieved only by directly holding them or knowing where to employ them, but having competent ‘people’ who know how to use them and are ‘willing’ to use them. The concept is pretty easy, but not straightforward. People have different identities, interests and power. Therefore, when the unanimous strategic direction everyone accepts and commits to is critical to be obtained, you can imagine a set of potential social and political barriers blocking such an emerging consensus. This situation requires both procedural justice and rationality, and therefore makes the Making
Strategy course unique and inimitable.

Full-Time MBA Scholarship application deadline 31 May 2013

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If you are planning to apply for one of the full-time MBA scholarships this year, the deadline is rapidly approaching. We have a number of £10,000 and £1-5000 scholarships available for the programme beginning in September 2013. You can find out more and apply online for these scholarships here: http://www.strath.ac.uk/mba/scholarships/

In addition, there is further information on external scholarships and Strathclyde’s International scholarships (also with a 31 May deadline) here: http://www.strath.ac.uk/search/scholarships/index.jsp

 

Strategy Analysis and Evaluation (SAE) by Ms Sirapa Ponsawat – MBA Dorian 2012/2013

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The SAE course gives very insightful thinking in terms of analyzing and evaluating strategic options based on key issues the organization faces. In my opinion, it is an on-going process from EIBE of which considers mainly upon macro-environments whilst SAE involves both macro and micro environments at the same time. By using tools taught in the class as an outside-in approach (environmental-orientation), they provide an in-depth understanding of the organization challenges. Therefore, these key findings can be used to construct the strategic choices and recommendations for the company in order to create competitive advantage and sustain business in the long run.

The Cineworld Group Plc was chosen as a case study for the group assignment, focusing on cinemas operators’ business unit. The company is very interesting for everybody in the group as we are its direct customers; therefore all members can contribute effectively throughout the group exercises based on their real experiences resulting in some creativities are generated during the group discussions. The Cineworld Group is an appropriate example here regarding an evidently scope of segmenting the market by industry (cinema operators) and geographical location (UK and Ireland). Further market segmentation by demographic such as aging, gender and customer preferences also developed in order to narrow down the focusing areas.

To analyse the environments surrounding the organisation for identifying key strategic issues, PESTLE analysis, Porter five forces model, SWOT analysis and other relevant tools are very useful tools to give holistic picture of the company in terms of contextual and transactional settings. As a result, the strategic issues derived from these techniques are both relevant and comprehensive to current situation of the company. After obtaining the key strategic issues, the key strategic options are developed through the use of TOWS and the matrix of evaluating strategic options. In addition, these key options combined with key findings of other tools such as strategic clock and strategic group provide the clear direction of where the company need to move forward in order to achieve the competitive advantage against its rivals.

Using TOWS, the group can construct the key priority options the company should focus on for addressing the company pressures. The tool is very practical because it provides constructive approach to develop strategic options from key issues obtained without creating by intuitions. Moreover, considering associated stakeholders of the organization is a focal point for management in organization; therefore, the matrix of evaluating strategic options is used to assess the strategic options obtained in terms of suitability, acceptability, feasibility and sustainability in stakeholders’ viewpoint. Additionally, the group also prioritised the key strategic options regarding its limited resources and competencies as well as the impact of the key issues on the company performance.

In conclusion, the class is well-organised by having the lecture in the morning and leaving the afternoon session for group work to practice using the tools taught in the class and prepare presentation for the next day. Overall, by getting comments and suggestions from the professors and classmates during the group presentation, it is very effective because the group can review the results and make change for further development in the report. Finally, after completing SAE, the class leaves me with the confident to apply the tools in practical ways which will definitely have huge benefits for my future career.

The benefits of Employee Ownership: SBS Engage post by MBA Alumnus Jacqui Mitchell

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Management consultant and Strathclyde MBA alumnus, Jacqui Mitchell looks at the benefits of employee ownership…..

Read her post on the SBS Engage Business Education blog here: Employee Ownership: A Better Structure for Doing Business

Meet the Programme Team: Dr Sean Ennis MBA Programme Director

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Last but certainly not least in our series of ‘Meet the Programme Team’ posts is Dr Sean Ennis:

“Dr. Sean Ennis was appointed as Director of the Full-time, Part-time and Flexi MBA programmes in September 2012.  Prior to that appointment, Sean was Director of the MSc Marketing programme (UAE Campus) since 2007.

Sean joined the Department of Marketing in 1989. After twenty-four years here in Glasgow, he feels that like any long-term prisoner, he is due for early release any day soon!

Prior to joining the University of Strathclyde, Sean worked in the newspaper industry in Ireland and also as a marketing consultant. He started his academic career in the Dublin Institute of Technology. Sean’s main research interests revolve around retail marketing and sports marketing. In the latter case, he has always been a fanatical sports fan: a season-ticket holder with Huddersfield Town (who?) and a member of the Yorkshire County Cricket Club. He combined his interests in sport by developing under-graduate and post-graduate classes in sports marketing. They have been running for the past five years and in that time, Sean and his students have undertaken numerous projects for the Scottish Premier League and individual clubs, Glasgow Warriors Rugby team and Glasgow
Rocks, the local basketball team.

Sean is a Visiting Professor to the Universita Ca Voscari in Venice, Italy and regularly conducts seminars there. He is also involved with the Masters in Sports Communications run jointly by that university and the European Basketball League.

He is currently writing a book on Retail Marketing Management which should be in the bookshops and Amazon by the end of 2014.

Sean has taught on the MBA since 1994 and has managed over the years to teach in all of the offshore centres except Greece.

He particularly enjoys teaching on the MBA because of the diversity of students on that programme: many coming from non-business backgrounds and where marketing is a new subject for them.

His best advice to MBA students is to learn as much as you can from your colleagues on the programme.”

You can see Sean introduce the Marketing Management MBA module here: http://www.strath.ac.uk/mba/syllabus/marketingmanagement/

What is Marketing Management? by FT MBA Student Vladimir Tyulpin

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Probably the most notable feature of Marketing Management course at the University of Strathclyde is its interactivity. Lectures are rapidly converted into video cases and subsequently followed by discussions. Every class ends with the case study homework and the next one begins with the presentations on the topic. Marketing Management course can also boast the abundance of guest lecturers from the variety of industries as Internet technologies, FMCG and others.

The course framework is built around the marketing mix model also known as 4 P’s and we came across the variety of case studies, theories and marketing models concerning all four components: product, price, place and promotion. Interestingly we analyzed not only classical examples of corporate marketing actions, which went down in history as the most notable and successful breakthroughs but the most recent approaches in managing customer value as viral marketing, SMM (social media marketing) and reputation management.

We could not fail to come across sales and pricing strategies where special attention was devoted to relatively new method known as dynamic pricing. Whereas this method is well known and proved to be successful in such industries as airline and hotel businesses for many years, we covered the other industries where dynamic pricing is brand new and not completely adopted.

The assignment was relatively unusual as it requested the analysis of marketing strategy of the organization from financial sector with an emphasis on CRM (customer relationship management) model used by chosen financial institution. Notably this did not imply the analysis of retail banking and some of us chose the B2B segment which made the assignment twice as interesting.

Marketing Management is undoubtedly a precious addition to Strathclyde MBA programme and the good final step of “Making the business work” section in the syllabus.

Visa regulations – implications for MBA students *Update*

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Within the past week there have been further changes to UKBA Student visa regulations. Our MBA Careers Manager, Irene Aitkenhead Taylor explains:

“Hi All

Further to my recent post re UK visa requirements, the following good news was announced last month………evidence that the UK Government has is starting to understand the value that highly qualified MBA students can bring to the UK:

“From 6 April 2013, the Tier 1 (Graduate entrepreneur) route is being expanded to include an additional 1,000 places for talented MBA graduates from UK Higher Education Institutions.
This means the new allocations for 2013-2014 will be as follows:

•        900 places will be allocated to qualifying Higher Education Institutions for the purpose of endorsing graduates in any subject;

•         1,000 places will be allocated to qualifying Higher Education Institutions for the purpose of endorsing MBA graduates; and

•         100 places will be allocated to UKTI for the purpose of endorsing overseas graduates.

We are also introducing provision for you to apply from overseas (so long as it is still within 12 months of your graduation) and other minor improvements to the category.”

More information and details of requirements (a long and detailed read!) can be found at:

http://www.ukba.homeoffice.gov.uk/visas-immigration/working/tier1/graduate-entrepreneur/

Worth noting that the only financial requirements are evidence of at least £1,800 in your bank account over the 3 months prior to application.  Previously substantial investment funds had to be guaranteed.
At Strathclyde we really support entrepreneurship through the Strathclyde Entrepreneurial Network, and MBA students have the opportunity to serve on a panel which supports and advises young entrepreneurs on business plans and pitches for funding.  In fact the Enterprise Adviser, Josh Sauter, is one of our alumni from 2011.

So, good ideas, energy and initiative?…………….you know where to come. “

 

Welcome to our new Learning Resources Administrator

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anne_hb

Anne Hanlon-Bucher has taken up the role of Learning Resources Administrator in the MBA department. Here she tells us a little more about her role and background.

I’ve been here for 2 weeks and am really enjoying working in the department. It’s giving me the challenge that I was looking for in a job and that’s important to me.  I’ve had a very warm welcome and the MBA team have been very supportive while I get to grips with the role. And since I’m a newbie to the University, there’s a lot to learn! One thing is certain, the last 2 weeks have gone by in a flash.

The main focus of this role is to manage content and resources on MyPlace for all MBA students. I also make sure that students have their text books and core learning materials. MyPlace is a big animal and holds a wealth of valuable and relevant information for students. It’s keeping me busy and I’m enjoying it immensely.

What’s really great about the role is the opportunity to work with a wide variety of people, including programme administrators, tutors, the library, the MyPlace team and of course, the students themselves. Everyone works together and it’s great to see a team getting along to support the delivery of the MBA.

Many moons ago, I studied graphic design at Glasgow School of Art, and more recently, I gained a diploma in marketing communications from the Chartered Institute of Marketing which was really rewarding. My experience has been varied and I’ve worked in design and marketing communications for the private and public sector and have also been self-employed. Before I started at the University, I worked with the Student Loans Company, Hymans Robertson, the NHS and the Royal College of Physicians and Surgeons of Glasgow where I wrote literature, produced design for print and web, managed websites and handled print procurement. I hope that all of my skills can bring value to the MBA department.

On a personal note, I’m a sociable sort and like a blether. I enjoy exercise and have already joined the University’s Centre for Sport & Recreation – not that this was necessary as there are two choices of steep hill to climb to get to my office! I really like hillwalking and mountain biking, love music and thoroughly enjoy live gigs. I don’t watch much television but I do have a secret passion for River City.

If I can help you in any way, feel free to stick your head round my door and say hello anytime. Looking forward to working with you all!

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