Overview

This area of emphasis caters to students who belong to families already in busi­ness and who wish to preserve its continuity, maintaining the family’s wealth from generation to generation. The emphasis is also intended for students who wish to start their own businesses as it encourages entrepreneurship and the building of solid foundations for future business start-ups.

The courses in this emphasis are designed in such a way to address the complex workings and challenges of family-owned and family-run business­es. Students will not only get working knowledge of the tools and concepts involved, but they will also develop action plans for their family businesses, manage growth opportunities, and acquire, frameworks, analytical skills, tech­niques, and decision making tools that can be used in the growing entrepre­neurial businesses.

Admission Requirements

To enter the major, students must meet the general university requirements.

Graduation Requirements

A minimum of 92 credits are required to graduate, based on:

Business Core Requirements (33 credits):

• ACC203 / Financial Accounting (3 cr.)
• ACC204 / Managerial Accounting (3 cr.)
• ECO201 / Microeconomics (3 cr.)
• ECO202 / Macroeconomics (3 cr.)
• BUS213 / Business Law and Ethics (3 cr.)
• QBA201 / Managerial Statistics (3 cr.)
• FIN301 / Managerial Finance (3 cr.)
• MGT201 / Introduction to Management (3 cr.)
• ITM211 / Information Technology Management (3 cr.)
• MKT201 / Introduction to Marketing (3 cr.)
• MGT420 / Strategic Planning and Policy Formulation (3 cr.)
• BUS299 / Civic Engagement (0 cr.)

Emphasis Requirements (12 credits)

• FEM301 / Entrepreneurial & Small Business Management (3 cr.)
• FEM304 / Family Business Management
• FEM322 / Entrepreneurial Marketing
• FEM333 / Venture Capital & Entrepreneurial Financing

Other Requirements (9 credits)

Choose any nine credits of the following courses:

• ECO301 / Managerial Economics (3 cr.)
• FEM311 / Small Business Start-Up Lab (3 cr.)
• MGT399 / Internship/Practicum (1 cr.)
• FEM488 / Special Topics in Family & Entrepreneurial Business (3 cr.)
• IBS311 / Managing Multinational Corporations (3 cr.)
• MGT236 / Communication Skills (1 cr.)
• MGT301 / Organizational Behavior (3 cr.)
• MGT336 / Developing a Business Plan (1 cr.)
• MGT401 / Project Management (3 cr.)
• MGT436 / Personality and Career Development (1cr.)
• MGT441 / Human Resources Management (3 cr.)
• MKT421 / Marketing Research (3 cr.)
• OPM301 / Operation and Production Management (3 cr.)
• QBA301 / Intermediate Managerial Statistics (3 cr.)

Sample Study Plan

Year One

Fall (15 credits)

• ACC203 / Financial Accounting (3 cr.)
• MGT201 / Introduction to Management (3 cr.)
• ECO201 / Microeconomics (3 cr.)
• LAC Core (3cr.)
• LAC Elective (3 cr.)

Spring (16 credits)

• ACC204 / Managerial Accounting (3 cr.)
• ECO202 / Macroeconomics (3 cr.)
• MKT201 / Introduction to Marketing (3 cr.)
• BUS299 / Civic Engagement (0 cr.)
• Free Elective (3 cr.)
• LAC Elective (3 cr.)
• LAC Core (1 cr.)

Year Two

Fall (15 credits)

• FIN301 / Managerial Finance (3 cr.)
• ITM211 / Information Technology Management I (3 cr.)
• FEM301 / Entrepreneurial & Small Business Management (3 cr.)
• LAC Core (3 cr.)
• LAC Elective (3 cr.)

Spring (16 credits)

• BUS213 / Business Law & Ethics (3 cr.)
• QBA201 / Managerial Statistics (3 cr.)
• FEM304 / Family Business Management (3 cr.)
• LAC Elective (3 cr.)
• LAC Core (3 cr.)
• Free Elective (1 cr.)

Year Three

Fall (15 credits)

• FEM322 / Entrepreneurial Marketing (3 cr.)
• Emphasis Elective I (3 cr.)
• Free Elective (3 cr.)
• LAC Elective (3 cr.)
• Emphasis Elective II (3 cr.)

Spring (15 credits)

• MGT420 / Strategic Planning and Policy Formation (3 cr.)
• FEM333 / Venture Capital & Entr. Finance (3 cr.)
• Emphasis Elective III (3 cr.)
• Free Elective (3 cr.)
• LAC Core (1 cr.)
• LAC Core (1 cr.)
• LAC Core (1 cr.)

Note:

• LAC Requirements total 13 credits
• LAC Electives are 21 credits

Career Opportunities

Business management majors may seek a variety of job positions such as:

• Operation managers
• Business process improvement managers
• Human resources development directors
• Project managers