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Foundation Management Experience (FME) '01-02

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Foundation Management Experience (FME) '01-02

    Foundation Management Experience (FME) '01-02

    Fall ‘01 Syllabus

1. Professors:

    Professor Phone E-Mail (@babson.edu) Office Office Hours Steve Gordon 239-4571 gordon Babson Hall 319 M 11:30-12:30, W 1:00-2:00 Heidi Neck ??? hneck ??? ???

2. Required Texts:

    Key used on syllabus Author(s) Title Publisher 1. Griffin & Ebert Business, 6th ed. Prentice Hall GE 2. Stair and Reynolds Fundamentals of Information Systems Course Technology SR 3. Deneault Financial Accounting Basics for FME Babson College D 4. Parsons, Oja, Ageloff and Carey Microsoft Excel 2000 Course Technology E

3. Fall Semester Evaluation:

Activity Percent of semester grade

    Exam 1 10%

    Exam 2 15%

    Final Exam 25%

    Homework (FME and FCL) 15%

    Class Participation (FME and FCL) and Quizzes 20%

    Field Project 15%

     Total 100%

Profs. Gordon and Neck Section 3 Page 1

    Revision Date: 8/17/01

4. Course Goals and Overview:

    To be successful in business today, you must master a complex set of skills. You need to know about the various functional areas of business and how they interrelate. You need to learn organizational, interpersonal and communications skills to manage effectively and facilitate your interactions with others. You need to learn a variety of technical tools (including information systems) to help you monitor activities and make sure your efforts produce the results you desire. And you need to understand how business can be responsive to the needs of the community and world at large.

    You can't master all this material at once; indeed, this will be the focus of much of your work over four years at Babson. We have designed FME to help you begin the learning process. We will use cases, readings from texts and other assignments to accomplish our goals.

5. Attendance Policy

    You are expected to attend all FME classes and activities. Similarly, you are expected to attend all FCL classes and activities. If you miss a class, you should notify one of your instructors by telephone, voice mail, or E-Mail prior to class. Unexcused absences are likely to have a significant negative impact on your final course grade.

6. Homework Assignments

    All assignments (both FME and FCL) must be submitted before class starts, on the day they are due. Late homework will not be accepted or graded. Homework will be graded on a scale from 0 to 10, with a 0 for unacceptable to a 10 for excellent. Homework may not be

    resubmitted for a better grade. You will access homework assignments using Blackboard.

7. Foundation Computer Labs

    You have been assigned an FCL class based on your schedule and skill proficiency. Although you may be in a FCL class with students from other FME sections, you should consider FCL as an extension of your FME class. Thus, your FCL homework grades will be included in your FME homework grade component. In addition, your FCL attendance will be factored into your FME class participation grade.

    There are no exceptions to this policy.

8. The Professional’s Code of Conduct

    Your success as a student here at Babson comes from the same kinds of behaviors and attitudes that will make you successful in your

    careers. Our alumni have established a norm of competent professionalism in the business community. As a graduate of Babson College,

    you will be expected to adhere to those high standards of professional behavior. The work habits you develop and demonstrate here will

    make an important contribution to your future success.

So what is professional behavior? At a basic level, professionals understand that observers equate their behavior with their skills and

    competencies. What they get from you is what you are. Professionals accept the challenge of the tasks they undertake, do the work that has to be done, and take responsibility for the result.

Profs. Gordon and Neck FME 1000 Section 3 Page 2

    Revision Date: 8/17/01

Failure to comply with standards of professionalism will be costly in FME, just as it will in the business world. To maximize your probability of

    success, you should operate under the following standard code of conduct. If you are unclear about a particular faculty member's

    expectations, be sure to ask for clarification.

Standard Code of Conduct

    DEMAND THE HIGHEST ETHICAL STANDARDS FROM YOURSELF. The collaborative and team oriented nature of FME means that there are many group projects both in and out of class. It is inevitable that you will have opportunities to hand in work that is not your own. Remember when

    these opportunities present themselves that you are being trusted and challenged to uphold the highest standards of ethical behavior. We want you to

    learn from your experiences in IMC, and at Babson in general, that you need to be able to trust each other and yourself to make the ethical decision.

    Accordingly, cheating, plagiarism, and other cases of intellectual dishonesty will not be tolerated, and will be referred to the judicial board for review.

TAKE PRIDE IN YOUR WORK. Business leaders know that everything they present to the public reflects on them and their organization. Long-term

    success comes only to companies and individuals who produce the highest quality products and services, and deliver them in a timely fashion. Every

    paper, presentation and project is an expression of the pride you take in yourself and your work. Make every effort to write well, meet deadlines, and

    take the time to make both the format and the content of your work of the highest quality. This may mean writing one more draft, double checking

    spelling and grammar, or reviewing overheads and practicing your presentation one more time.

    DEMONSTRATE RESPECT FOR YOURSELF AND FOR OTHERS. Managers make decisions and try to influence others to implement them. Thus, if you are going to be a manager, you have to learn how to make others accept and respect you. You must show yourself to be worthy of their respect

    and show that you respect them. Your professional demeanor sends messages about your leadership ability and level of dedication. You can earn a

    lot of credit here for doing some very basic things.

    ; Be on time. Professional behavior means being on time for classes, appointments, and meetings. Furthermore, it means staying there once

    you have arrived. Just as you wouldn't leave the middle of a business meeting in order to get a soda, you shouldn't disrupt a class by leaving in

    the middle for a drink, chat or to pick up your email.

    ; Be prepared. Unprepared managers have very short careers (or end up in dead-end jobs). To succeed, you need to prepare for each class

    session. Nothing shows less respect for others than making them wait while you do something you were supposed to have done in advance. If

    you don't prepare and try, instead, to "fake it," you run the risk of looking foolish and wasting everyone's time with irrelevant comments.

    ; Show some respect. Professionalism also means being civil to those with whom you disagree (and perhaps dislike). In business, you will

    often find that you must work with people with conflicting opinions or personal styles. Your ability to work with, tolerate, and effectively interact

    with these individuals is critical to your success. Finally, you demonstrate a lack of respect for your colleagues or professors when you engage

    in private discussions while course or meeting business is in progress.

    ; Get involved. Professionalism means keeping up with the discussion. It means making a contribution. Not everything you say has to be

    deadly serious, however. As long as it fits, it's okay, even desirable, to inject a little humor once in a while. Just make sure you do it in a way

    that isn't mean and doesn't step on anybody's toes.

Profs. Gordon and Neck FME 1000 Section 3 Page 3

    Revision Date: 8/17/01

    TREAT YOUR STUDIES AS YOU WOULD TREAT A FULL-TIME JOB. Your courses are the primary reason for you to be at Babson. You and your

    family have made a large investment in them. Few professionals today are successful with anything less than a full-time commitment. To maximize the

    return on your investment, you should treat your course work as your highest Babson priority.

    ; Attend every class. There are very few valid excuses for missing work. Likewise, there are very few valid excuses for missing class. Serious

    illnesses, injuries or emergencies are valid excuses. Sleeping in, conflicting assignments, and social commitments are not. Just as you would

    for your job, you should arrange your personal life and budget your time to meet your work commitments. This is simply part of what it means

    to become a professional.

    ; Keep your professors informed. You made a professional commitment by registering for class, and a have standing appointment to attend

    all class sessions. However, as you would do with any job, if you are unable to attend class you need to inform the affected professors by

    voice mail, email, or in person before the class. Classes missed for invalid reasons will affect your professionalism grade. (You will find your

    professors' names, office locations, and phone numbers elsewhere in the course syllabus materials.)

    ; Accept responsibility for your own learning. Whether you are trying to prepare for a class or trying to complete an assignment, the

    objective is learning something in the process. Don't be surprised, then, if you don't "get it" right away. Take it upon your self to seek help when

    you need it. Look for extra reading material. Talk to your professor. When appropriate, discuss the material with your peers.

    ; Use the available time and resources wisely. Dedicate an adequate amount of time and effort to prepare projects, papers and exams.

    Babson has lots of resources you can employ in completing your tasks (faculty, computer systems, library materials, software, access to the

    Internet, reference librarians, industry contacts, etc.). However, you cannot take full advantage of them unless you have the time. Now is the

    time to learn this crucial lesson.

    ; Meet all due dates. Your boss won't understand if you miss a contract negotiation because you were up all night. It won't be okay to miss a

    project implementation date because you had to return your friend's car. The vice-president won't reschedule the monthly division budget

    meeting because you couldn’t get a ride to work. Likewise, work that is scheduled to be delivered at a particular time on a particular date

    will not be accepted late because the printer was busy, or because you have a flight to catch, or because Thursday night is your

    night to party. These are not valid excuses. If you have a valid excuse and you inform your professors in a timely manner, an attempt may

    be made to schedule alternative arrangements for you, but don't count on it. Expect to lose a minimum of one number grade on any late

    assignment. For in-class efforts, there will be no routine make-ups.

    Profs. Gordon and Neck FME 1000 Section 3 Page 4

    Revision Date: 8/17/01

9. Tentative Syllabus Fall Semester

    (You are responsible for any changes made during the semester. Check your Blackboard classroom daily for updates. )

    Wk Day Date Class Description Preparation Deliverable

    1 W 29-Aug Course Overview

     F 31-Aug Accounting Exercise1 Review D (1-2) Personal Bio

     Accounting and Financial Statements D (3)

    2 M 3-Sep Holiday no class

     W 5-Sep Information Systems in Organizations SR (1) and (2)

     F 7-Sep Financial Statements (con’t.) GE (18)

     Accounting Exercise 2 Accounting2

    3 M 10-Sep Comet (F1) How Should You Evaluate an Opportunity Comet (F1) Comet Assignment

     Accounting Exercise 3 Accounting3

     W 12-Sep Business Information Systems SR (5:190-202) and (6)

     F 14-Sep Comet (F2) Buying a Business Comet (F2) Comet Assignment

     Accounting Exercise 4 Accounting4 4 M 17-Sep Break-even Analysis

     Data Representation Reading

     Accounting Exercise 5 Accounting5

     W 19-Sep Networks and E-Commerce SR (4) and SR (5:172-190)

     F 21-Sep Comet (F3) Pro Forma Income Statement Comet (F3) Comet Assignment

     Problem Solving in a Business Context

    5 M 24-Sep Startup Costs and Cash Needs Reading

     Problem Solving Part 2 Reading Problem Exercises

     W 26-Sep E-Commerce: B2C Reading B2C Assignment

     F 28-Sep Comet (F4) Projecting Cash Requirements Comet (F4) Comet Assignment Profs. Gordon and Neck FME 1000 Section 3 Page 5

    Revision Date: 8/17/01

    Wk Day Date Class Description Preparation Deliverable

    6 M 1-Oct Comet (F5) Starting from Scratch Comet (F5) Comet Assignment

     W 3-Oct Performance Appraisal

     Introduction to the Field Project Field Project Handbook

     F 5-Oct EXAM #1: 8 AM 9:30 AM (All Sections)

    7 M 8-Oct Holiday no class

     T 9-Oct Field Project Kick-Off 7 PM 9 PM in Knight Auditorium

     W 10-Oct Creativity and Effective Idea Generation Reading

     F 12-Oct Comet (F6) The Marketing Mix Comet (F6), GE (11) Comet Assignment

    8 M 15-Oct Comet (F7) Selling by Mail Order and the Web Comet (F7) Comet Assignment

     W 17-Oct Comet (F8) Developing an IT Strategy Comet (F8) Comet Assignment

     F 19-Oct Comet (F9) Details, Details Comet (F9) Comet Assignment

    Comet (F10), GE (12), 9 M 22-Oct Comet (F10) The Market Research Process Comet Assignment reading

     W 24-Oct Presentation #1 Field Project Handbook

     F 26-Oct Feedback and Discussion of Presentation #1 Field Project Handbook

    10 M 29-Oct Market Research Workshop Reading

     Market Research W 31-Oct Presentation Creation and Delivery Competencies Assignment

     F 2-Nov EXAM #2 Excel Part: 8 AM 9:30 AM (All Sections)

    11 M 5-Nov Managers and Leaders GE (9)

     W 7-Nov Presentation #2 Market Research Analyses & Results Field Project Handbook

     F 9-Nov EXAM #2 Mgmt Part: 8 AM 9:30 AM (All Sections) Profs. Gordon and Neck FME 1000 Section 3 Page 6

    Revision Date: 8/17/01

    Wk Day Date Class Description Preparation Deliverable

    12 M 12-Nov Presentation #3 Narrowing the Field Field Project Handbook

     W 14-Nov Organization Design GE (6)

     Field Project: Designing the Organization

     F 16-Nov Project Planning Reading

     Intranets and Business Processes Reading

     11/19-23 Thanksgiving Holiday No classes

    13 M 26-Nov Field Project Field Project Handbook

     W 28-Nov Presentation #4 Final Request for Funding Field Project Handbook

     F 30-Nov Web Design for your FME Business Processes Reading Assignment

    14 M 3-Dec Team Building Workshop Reading

    Presentation #5 Action Planning for the Spring W 5-Dec Field Project Handbook Field Project Action Plan Semester

    Team Building Team Building Workshop Debrief Reading Assignment

    Field Project Performance F 7-Dec Fall Semester Summary and Spring Semester Overview Evaluations

     Review for Exam

     TBA FINAL EXAM (All sections)

Profs. Gordon and Neck FME 1000 Section 3 Page 7

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