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ABOUTACADEMICSADMISSIONSSTUDENT LIFEATHLETICSALUMNAERIDINGNEWSGIVINGDIRECTORY
 

Business

The mission of the business program is to enable its graduates to be successful in the world of business. The business major requires a mastery of business theory and the development of skills in a broad range of functional areas. Graduates will demonstrate strong communication skills, the ability to analyze and synthesize, and an understanding of the broad cultural and social context in which business occurs.

Recognizing that work experience is critical in the learning process and in developing innovative thinking, experiential learning is an integral part of the program. Our graduates are expected to acquire knowledge of business theories as well as developing practical skills in applying these theories. These applications are demonstrated by using various teaching methods and evaluated on a graduated scale as the student moves through the program.

For success in the world of work after graduation or graduate study, our graduates are expected to develop skills in finding jobs, in job performance, and in career management. Consequently, the curriculum is designed to give individual students a hands-on grasp of business methods, business cultures, and personnel interactions typically found in business organizations. Business majors are expected to beome involved in a variety of simulated and actual work experiences prior to graduation. These experiences may come in the way of class projects, independent studies, cases, labs, simulations, business plan development and/or an advanced business incubator.

A student considering the business major is strongly advised to take BUSN 127, BUSN 128, BUSN 150, BUSN 205, and BUSN 210 by the end of the second year. Since course sequence is important, potential majors and minors (first- and second year students) are advised to consult with business professors when selecting classes.

 

The Business Major
The Business Minor
Course Descriptions

 

The Business Major
(46-49 semester hours)

Required:
BUSN 127    (4)    Accounting I
BUSN 128    (4)    Accounting II
BUSN 150    (4)    Marketing and Social Media
BUSN 161    (3)    Commercial Law for Entrepreneurs
BUSN 205    (4)    Management and Human Resources
BUSN 207    (2)    Business Seminar I
BUSN 210    (4)    Finance and Business Valuation
BUSN 347    (4)    Entrepreneurship and Innovation
BUSN 351    (3)    Applied Marketing Research
BUSN 410    (3)    Business Strategies for Entrepreneurs

Senior Exercise:
BUSN 452    (4)    Senior Seminar in Entrepreneurship

Choose 1 of the following options:
Option A
BUSN 107    (3)    Business Economics

Option B
ECON 101    (3)    Principles of Microeconomics
AND
ECON 102    (3)    Principles of Macroeconomics

Choose 4 credit hours from the following courses:
BUSN 257    (1)    Business Practicum in Marketing I
BUSN 258    (1)    Business Practicum in Management I
BUSN 357    (1)    Business Practicum in Marketing II
BUSN 358    (1)    Business Practicum in Management II
BUSN 377    (3)    Internship
BUSN 440    (4)    Business Incubator

NOTE: For the major in business, the P/CR/NC grading option may not be exercised for any course which could count toward the major, with the exception of BUSN 261, BUSN 361, and BUSN 461. Additional information about the P/CR/NC grading option is available under the Academic Regulations heading of the catalog.

The Business Minor
(21-22 semester hours)

Required:
BUSN 127    (4)    Accounting I
BUSN 205    (4)    Management and Human Resources
BUSN 150    (4)    Marketing and Social Media
BUSN 161    (3)    Commercial Law for Entrepreneurs
BUSN 210    (3)    Finance and Business Valuation

Choose 1 of the following courses:
BUSN 347    (4)    Entrepreneurship and Innovation
BUSN 410    (3)    Business Strategies for Entrepreneurs

NOTE: For the minor in business, the P/CR/NC grading option may not be exercised for any course which could count toward the major, with the exception of BUSN 261, BUSN 361, and BUSN 461. Additional information about the P/CR/NC grading option is available under the Academic Regulations heading of the catalog.


 

Course Descriptions

BUSN 100

Introduction to Business
CR: 
2.0

Prerequisite: Open to business majors and minors by permission only. A survey course of American business including history, social responsibility, forms of ownership and the major functions of individual companies (production, marketing, accounting, finance, and research and development). Also covered is the management function that is common to all organizations. This course cannot be counted toward the major or minor in business. Offered alternate years.

BUSN 107

Business Economics
CR: 
3.0

Economic forces are fundamental determinants of firms’ profitability and growth, and economic thinking should inform nearly every business decision. This course will survey the basic principles of microeconomics and macroeconomics, including the behavior of individuals and firms, how government policies impact markets, and the factors determining national output, unemployment, productivity, inflation, and growth. Not open to students who have earned credit for ECON 101 or ECON 102.

BUSN 127

Accounting I
CR: 
4.0

An examination of the accounting cycle; the recording, posting, adjusting, and closing of accounting data for a sole proprietor service and merchandising business, to include internal controls, receivables and payables, inventories, depreciation, and payroll. Emphasis is on the use of accounting data for decision making. Students will be required to master the automation of financial statement and pro forma development using interactive spreadsheets. Three hours lecture/discussion and three hours spreadsheet training/projects. III.Q

BUSN 128

Accounting II
CR: 
4.0

Prerequisite: BUSN 127. This second course in accounting builds on the concepts, principles, procedures, and analytic methods taught in the introductory course and extends to accounting for partnerships and corporations. Focus is on financial statements and interpretation of financial information. Students will also be required to build interactive spreadsheet to enable a business to evaluate various business scenarios and cost structures automatically. Three hours lecture/discussion and three hours spreadsheet training/projects. III.Q

BUSN 150

Marketing and Social Media
CR: 
4.0

Prerequisite: ENGL 104 or another FYW course. This course is an introduction to marketing; the marketing mix, product development, pricing, distribution, and the promotion of products, services and non-profit activities. Marketing legislation and the consumer movement will be discussed. Special emphasis will be placed on the use of social media to advance business objectives and create new marketing strategies. This course cannot be taken on a P/CR/NC grading option. Three hours lecture/discussion and three hours experiential learning/projects.

BUSN 161

Commercial Law for Entrepreneurs
CR: 
3.0

An introduction to how companies operating in the United States are affected by the American legal system. In addition to studying torts, agency, contracts, and other liability issues, students will understand the legal documents and considerations most critical to entrepreneurs.

BUSN 205

Management and Human Resources
CR: 
4.0

Not open to students who have credit for BUSN 131 or BUSN 232. This course provides an introduction to management of organizations through an examination of management theory, and to human resource management principles in today's workplace. In addition to the management functions of planning, organizing, directing, and controlling, students will study issues such as recruitment and hiring, policy design, legal issues, and motivational theory and its application to rewards and compensation. This course cannot be taken on a P/CR/NC grading option.

BUSN 207

Business Seminar I
CR: 
2.0

Not open to students who have credit for BUSN 132. This course gives students exposure to all aspects of business by managing a project designed to raise money for a non-profit organization. Ths course requires students to determine a cause for which they will raise money, create an event in which in which to raise the money, plan and market the event, and effectively communicate the results of their project to an audience. This course cannot be taken on a P/CR/NC grading option.

BUSN 210

Finance and Business Valuation
CR: 
4.0

Prerequisite: BUSN 128. This course examines the role of finance in supporting the functional areas of a firm, and fosters an understanding of how financial decisions themselves create value. Topics covered include basic analytical skills and principles of corporate finance, functions of modern capital markets and discounted cash flow valuation, and risk analysis. Students learn to value start-up and existing businesses by examining factors such as market demand, market pricing, economic outlook, cash flows, competition, available funding, and risk. III.Q

BUSN 242

Negotiation
CR: 
3.0

Prerequisite: BUSN 131. Negotiation is the art and science of securing the agreements of two or more independent parties. In this course students study the theories and processes of negotiation as practiced in a variety of business settings. The course will highlight the components of an effective negotiation and give students the opportunity to develop and practice their own negotiating skills. Offered alternate years.

BUSN 257

Business Practicum in Marketing I
CR: 
1.0

Prerequisites: BUSN 150 and permission of the instructor. Students serve as consultants and team advisors for marketing projects by studying intermediate level marketing skills. Specific topics include project research, audience analysis, visual delivery and public speaking skills, presentation and advertising design, and presentation evaluation and assessment. This course may be repeated for credit but is subject to the 12-credit maximum for all internship/practicum experiences applied toward a degree.

BUSN 258

Business Practicum in Management I
CR: 
1.0

Prerequisites: BUSN 131, BUSN 132, and permission of the instructor. Students serve as intermediat-level managers for a variety of business projects by studying practical approaches to effective team management and project implementation and evaluation. Specific topics include project development and organization, personnel and resource allocation, motivation, quality control, and assessment. This course may be repeated for credit but is subject to the 12-credit maximum for all internship/practicum experiences applied toward a degree.

BUSN 261

Directed Study
CR: 
1.0

Prerequisites: One BUSN course and permission of the instructor. The study of introductory level material by an individual student or by a small group of students under the immediate supervision of a faculty member.

BUSN 307

Principles of Investing
CR: 
3.0

Prerequisites: BUSN 210 and MATH 205. This course introduces the quantitative methods of financial management that are commonly used by financial analysts, managers, and individual investors. It examines techniques for the valuation of different classes of securities and criteria for guiding investment decisions. Each student will apply these techniques by building and managing her own portfolio of investments. III.Q

BUSN 308

Non-Profit Management
CR: 
3.0

Prerequisites: Junior standing and permission of the instructor. This course will examine the management and operations of non-profit organizations. The case study method will be used and students will examine a broad range of non-profits including educational institutions, arts organizations, and community services. Fieldwork in area non-profit organizations will be included in the course. This course cannot be taken on a P/CR/NC grading option.

BUSN 324

Advanced Commercial Law
CR: 
3.0

Prerequisite: BUSN 161. Topics covered will include consumer protection and bankruptcy, labor relations, commercial paper, antitrust, securities regulation, and intellectual property with an emphasis on the impact of the internet. Offered alternate years.

BUSN 326

Project Selection and Management
CR: 
3.0

Prerequisite: MATH 205. Students will apply sound financial and economic principles as a basis for project selection, while acquiring the skills necessary to manage the project. This will include an analysis of project alternatives, including such scenarios as make vs. buy, purchase or do not purchase, as well as project management techniques such as PERT/C PM and Gannt charts. Offered alternate years.

BUSN 337

International Management
CR: 
3.0

Prerequisite: BUSN 131. This course builds on students’ backgrounds in management, international affairs and/or different cultures to explore the challenges of managing a multinational workforce in global (non-domestic) environment. The focus of the course is threefold-strategic issues in a multinational environment, their cultural and behavioral dimensions, and the underlying functional operations of the firm. The course will make significant use of the case methods plus team and work-group activities requiring problem definition, research, synthesis and presentations-both oral and written. Offered alternate years. III.O, V.4

BUSN 347

Entrepreneurship and Innovation
CR: 
4.0

Prerequisite: BUSN 205. Students will explore the similarities and differences in characteristics, knowledge, and skills needed for entrepreneurship, social entrepreneurship, and corporate social responsibility. The course teaches students, through theory and practice, to recognize ethical opportunities, especially in the midst of rapid change. Students will develop an idea and produce an indepth, triple bottom line feasibility analysis (profitability, environmental impact, social impact). III.W

BUSN 351

Marketing Research
CR: 
3.0

Prerequisites: BUSN 150 and MATH 205. This course covers the managerial use of scientific research methodology in formulating marketing strategy; includes determination of situations requiring research, appraisal of alternative research methods and analysis of theoretical concepts in research methodology. Offered alternate years. III.W

BUSN 357

Business Practicum in Marketing II
CR: 
3.0

Prerequisites: BUSN 257 and permission of the instructor. Students serve as consultants and team advisors for marketing projects and study advanced marketing presentation skills. Specific topics include project research, audience analysis, visual delivery and public speaking skills, presentation and handout design, and presentation evaluation and assessment. This course may be repeated for creditbut is subject to the 12-credit maximum for all internship/practicum experiences applied toward a degree.

BUSN 358

Business Practicum in Management II
CR: 
1.0

Prerequisites: BUSN 258 and permission of the instructor. Students serve as upper-level managers for projects and study practical approaches to effective team management. Specific topics include the development, organization, promotion, and implementation of educational and fund-raising activities in support of selected charitable organizations. Broader topics include project management, personnel and resource allocation, motivation, quality control, and assessment. This course may be repeated for credit but is subject to the 12-credit maximum for all internship/practicum experiences applied toward a degree.

BUSN 361

Special Study
CR: 
1.0

Prerequisites: 100-level BUSN course and permission of the instructor. The study of an intermediate level topic by an individual student or by a small group of students under the immediate supervision of a faculty member.

BUSN 377

Internship
CR: 
1.0

Prerequisite: Permission of the instructor, department chair, and dean. This course is graded P/CR/NC only.

BUSN 410

Business Strategies for Entrepreneurs
CR: 
3.0

Prerequisites: BUSN 150, BUSN 161, BUSN 205, and BUSN 210. The course demonstrates through case studies and corporate analyses that a company achieves sustained success only if its managers develop, and revise as needed, an action oriented strategic plan and implement and execute the plan with proficiency. Students will also examine the critical importance of strategy for entrepreneurs in developing a sustainable business plan and attracting funding. III.W

BUSN 440

Business Incubator
CR: 
4.0

Prerequisite: Permission of the instructor. Students will make use of department and regional resources to attempt to launch a business within the semester. Within the course, endeavors may include, but not be limited to: business incorporation, vendor/customer contract development, intellectual property research, filing provisional (or final) patents, prototype development, and/or purchasing of a franchise.

BUSN 452

Senior Seminar in Entrepreneurship
CR: 
4.0

Prerequisites: BUSN 161, BUSN 205, BUSN 210, and BUSN 347. Open to senior business majors only. Case studies, readings, and all previous business courses are used to help students develop business plans for new businesses, franchises, or intrapreneurial ventures for an existing company. Students are required to prepare elevator pitches, as well as a final oral presentation, for an external audience. Students are also required to write a complete business plan which will include an environmental scan, market and competitive analysis, a marketing plan, an operations plan, and a three year financial outlook. III.O, III.W

BUSN 461

Independent Study
CR: 
3.0

Prerequisites: One 100-level BUSN course, one 200-level BUSN course, and permission of the instructor. Pursuit of an upper level research project determined in advance by the student in consultation with a faculty member who will act as the sponsor.