What is Global Tycoon? It’s about teams making decisions in complex, ambiguous, constantly changing environments. To compete, your team must demonstrate skills: Acumen (ability to predict decision outcomes)

Strategy (both formulation and implementation)

Leadership (team leadership)

Why now?You’ve been accumulating lots of new skills, …

Introduction

First SemesterTerm A Term BOrganizational Behavior Quantitative Decision MakingIntroduction to Management and Strategy Managerial Statistics

Second SemesterTerm A Term BIntroduction to Financial Accounting Strategic Cost AnalysisManagerial Economics Managerial Economics (cont’d)

Third SemesterTerm A Term BMarketing Management Marketing Management (cont’d)Financial Management Financial Management (cont’d)

Fourth SemesterTerm A Term BOrganizational Design (Elective)Operations Management Operations Management (cont’d)

Remaining Semesters …Term A Term B(Electives) (Electives)

Final SemesterTerm A Term BStrategic Management (Electives)(Elective)

What is Global Tycoon? It’s about teams making decisions in complex, ambiguous, constantly changing environments. To compete, your team must demonstrate skills: Acumen (ability to predict decision outcomes)

Strategy (both formulation and implementation)

Leadership (team leadership)

Why now?You’ve been accumulating lots of new skills, so now it’s time to put them all to the test.

Introduction

The Products – LED (HD) and OLED (Tru-D) TVs

The Regions – US, EU, Japan, and Inflatia

The Competitors – 8 capable ones

The Customers – ~12 (+) with 3 preferences

The Production Process – batch assembly

The Raw Material Suppliers – 3 (+)

Externalities

Global Tycoon Industry Overview

RolesDecisions define roles, and your decision-making process will dictate your team’s effectiveness

Many, diverse activities in multiple arenas … how will you contribute?

Modeling skills (big picture, forest-and-the-trees, setting priorities, identifying sources of competitive advantage, embracing ambiguity, e.g., by revising your priors – “the error analysis is more important than the answer!”)

Data skills (large dataset, competitor uncertainty, time constraints)

Group skills (negotiation, collaboration, leadership, etc.)

Strategy skills (plan, forecast, broadcast, implement, and assess)

Potential role-related pitfalls (conflicts of interest, lack of functional expertise, workload imbalances, broken processes, unscrupulous behavior by others, etc.)

Chief Executive OfficerCFO and Accounting ManagerVP-Production and R&D ManagerVP-Marketing and VP-LogisticsVP-Regional OperationsVP-Human ResourcesVP-External Relations

Global Tycoon Functional Roles

Big 3 – Finance, Marketing, ProductionR&D, Logistics, and HR support Big 3CEO keeps focus on strategyRegional Ops supports growthExternal Relations negotiates dealsAccounting interprets the books (rely on the computer for quarterly pro formas)

Global Tycoon Functional Roles

Decision time horizonsDecisions are made at the beginning of each quarter...

Decision point

Decision time horizonsDecisions are made at the beginning of each quarter… based both on company reports from last quarter and on regional data.

End-of-quarter

reporting point Decision

point

Decision time horizonsThe production process is a batch assembly process that takes a whole quarter. Raw materials at the beginning of Q12 become finished goods, ready to ship, at the beginning of Q13.

Ship FGs to Customers

Raw materials, Workers, Line capacity, Schedule # units

Batch (WIP) completed

and reported