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Academic Programs

Management & Organizational Minor

The management and organization minor is designed to provide students with an understanding of management theory, practices and principles within a liberal arts curriculum.

Objectives: Upon completion of the management and organization minor a student will be able to:

  1. Comprehend the fundamental concepts and principles of financial accounting.
  2. Identify the key relationships and concepts associated with various theories of management.
  3. Identify the central role of marketing as an economic activity linking physical production to the ultimate consumption of goods and services.
  4. Comprehend within an economic context the strategic role and relationships involving marketing institutions, final consumers, marketing functions and marketing policies.
  5. Apply the theories, concepts and techniques of finance to real-world business decision-making.
  6. Comprehend the application of management and organization theory to actual work situations.
  7. Develop the student’s decision-making capacity and confidence from the vantage point of actual work situations.
  8. Develop the skills and capabilities required to succeed in the world of work and to successfully pursue graduate study in business.

Requirements: For the minor, a student is required to take 28 semester hours in the following courses: Principles of Macroeconomics (ECON 241); Principles of Microeconomics (ECON 242); Basic Statistics; Principles of Accounting (MGT 261); Principles of Management (MGT 300); Principles of Marketing (MGT 305); Principles of Finance (MGT 320). Economics majors must take an additional 4 hours of Economics or 4 hours of Management and Organization electives. For further information, contact the program coordinator in the Economics Department.

MGT 261. PRINCIPLES OF ACCOUNTING (4)
An introduction to accounting principles and practices used in the preparation of financial statements. Emphasis on the theoretical aspects of financial reporting and the mechanics of providing such information to those outside of the organization as well as management. The course provides the foundation for study in other business disciplines.

MGT 300. PRINCIPLES OF MANAGEMENT (4)
A survey of basic management theory and practice in both for-profit and not-for-profit organizations. The managerial functions plus organization theory. Short cases to provide applications in a real-world context.

MGT 301. ETHICS IN ORGANIZATIONS (4)
This course is an introduction to business ethics as it relates to the public and private sectors of the economy. It is designed to increase student understanding of moral organizational issues, and to provide the necessary skills required for addressing ethical dilemmas nationally and internationally. Using the case study approach, the course will review ethical systems in management, will explore some of the real world challenges confronting managers in business, and offer suggestions on how to deal with these problems. Emphasis will be placed on topics such as balancing society's expectations and maximizing resources for the organizations. The course will also address some of the internal (personal) and external conflicts managers face when dealing with the norms and values of society in an organizational setting.

MGT 305. PRINCIPLES OF MARKETING (4)
A focus on that phase of economic activity that lies between physical production and ultimate consumption of goods. Emphasis on marketing institutions, function, and policies. The importance of marketing functions from a social viewpoint.

MGT 320. PRINCIPLES OF FINANCE (4)
An investigation of theories, concepts, and techniques that will help student make reasonable real-world financial decisions. Financial analysis and planning, acquisition of funds, current asset management, capital budgeting, and cost of capital. Prerequisite: MGT 261

MGT 390. FIRMS IN THE INTERNATIONAL MARKET (4)
This course is an introduction to international business and multinational corporations as they relate to global interdependency of the world economy. The course explores some of the challenges confronting managers in multinational corporations in the formation of pricing and international marketing policies. Topics such as the increase in the number of multinational corporations are addressed. Prerequisites: ECON 241 and ECON 242

MGT 401. WOMEN IN MANAGEMENT OF ORGANIZATIONS (4)
A seminar that uses cases about women in business to illustrate the application of management and organization theory in actual work situations. Students are put in the decision maker’s place to explain what action they would take and why. Designed to develop students’ awareness of their personal value systems and managerial styles and gain confidence in their competence as decision makers. Prerequisite: MGT 300

MGT 410. MANAGEMENT SEMINAR (4)
An integration of knowledge derived from corporate work done in the Management and Organization Minor and from management professionals; a focus on translating the academic knowledge of management and organization into practice by way of lectures, research, cases and articles pertaining to management issues. Seniors only. Prerequisites: MGT 300 and MGT 320 or their equivalents.