Small Business Management ((3 Credits))

Catalog description

This course builds on the student’s prior learning in management, marketing, accounting and finance and applies that knowledge to starting and managing a small business (less than 500 employees in the US; less than 250 in the EU). The course deals with small business start-ups, their day-to-day operations, appropriate leadership skills and human resources issues, product development, budgeting, cash flow management, capital purchases, and the effective use of technology. The course will also consider the dynamics of the family business, succession planning, and the process of valuing and selling the business. Highly Recommended (not required): Successful completion in a course in Human Resource Management ( HRMS 3015 ) and/or Organizational Behavior ( MGMT 3060 ). Notes: Small Business Management is an upper-level course that articulates with other functional areas of organizational and business studies, although it is concerned with the unique dynamics of small and medium sized enterprises. This course was previously Entrepreneurship and Small Business Management. This course is offered for our International Education program students. Prerequisites: Students should have successfully completed courses in Principles of Management ( MGMT 1005 ), Marketing Principles ( MRKT 1005 ), Principles of Accounting, and Principles of Finance or equivalents.