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Small Business Management

Course Number: BA 250
Transcript Title: Small Business Management
Created: September 1, 2012
Updated: December 19, 2014
Total Credits: 3
Lecture Hours: 30
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), P-NP, audit

Prerequisites

WR 121
BA 101
BA 104
BA 211

Recommended

BA 212

Course Description

Emphasizes the general functions, procedures, and specific subject areas related to initiating, organizing, and operating a successful small business. Specifically prepares the student to develop a business plan for opening a business. Designed for students and prospective small business owners and managers. Recommended: BA 212. Prerequisites: WR 121, BA 101, BA 104, and BA 211. Audit Available.

Intended Outcomes

Upon successful completion of Small Business Management, the student will be able to:

  1. Understand the importance of small business in the economy.
  2. Prepare a comprehensive Business Plan.
  3. Apply analytical skills in reviewing financial statements and plans.
  4. Choose an appropriate legal form of business.
  5. Assess the tax implications of a small business.

Outcome Assessment Strategies

Of the outcome assessment strategies listed below, students will be expected to demonstrate knowledge of the concepts described by submitting a quality comprehensive Business Plan and at least two of the other following measures:

  • Attendance and participation
  • Group projects
  • Business Model or Business Game
  • Presentation(s)
  • Practice Set(s)
  • Case Study (ies)
  • Portfolio(s)
  • Research paper(s)
  • Book report(s)
  • Homework assignment(s)
  • Written paper
  • Quiz (zes)
  • Exam(s)

Course Activities and Design

Lecture, discussion, demonstrations, online lessons, in class activities outside readings, presentation, guest speaker, written assignments, research projects, or other activities as selected by the instructor.

Course Content (Themes, Concepts, Issues and Skills)

THEMES, CONCEPTS, ISSUES

  • Planning
  • Responsibility and Accountability
  • Critical Thinking
  • Effective Written and Oral Communications
  • Team Work
  • Ethical Conduct
  • Marketing

COMPETENCIES AND SKILLS

  • Recognize start-up and buy-out opportunities.
  • Analyze comparative merits of franchising opportunities.
  • Prepare a comprehensive Business Plan.
  • Analyze financial plans and statements.
  • Choose a legal form of business ownership.
  • Evaluate insurance needs, credit policies, and advertising opportunities.
  • Demonstrate an understanding of the tax implications of a small business.
  • Recognize the role of marketing in organizations.