MG224 Management Principles
This is an introductory course designed to provide the student with a strong foundation in the four functions of management – planning, organizing, leading, and controlling. The focus of the course is to familiarize the student with the terminology and concepts of management. Through discussions and class activities, students will have the opportunity to examine and apply, when appropriate, various theories and concepts about managing effectively in this rapidly changing, globally competitive environment. At the conclusion of this course, a student will be able to: • Discuss the history of management thought • Recognize and understand the key functions of planning, organizing, leading and controlling • Understand the need for adaptability and situational decision-making • Understand the importance of building a competitive advantage
This course introduces students to Entrepreneurship inside and outside the organization. The special problems of small businesses are considered. Students study the management and marketing skills necessary to succeed as an independent business owner. This course incorporates lectures, guest speakers, case studies, and business plan preparation.
At the conclusion of this course, a student will be able to: • Define entrepreneurship and the entrepreneurial process • Discuss the importance of the entrepreneurial revolution to the U.S. economy and its impact on the nation and the world • Understand how entrepreneurs, innovators, and growing companies aid in job creation, innovation, and new industries • Relate how venture and risk capital fuels growth • Explore the workings of entrepreneurs and their financial backers • Use the skills required to become a successful business leader • Anticipate the realities that accompany most new ventures • Develop a business plan.