Overview

This area of emphasis in business, family and entrepreneurial management caters to students belonging to families already in busi­ness and who wish to preserve its continuity as they maintain the family’s wealth from one generation to the other. The program 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 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.

Curriculum

A minimum of 92 credits are required to graduate, as per the following:

• Business Core Requirements (36 cr)
• Emphasis Requirements (12 cr)
• Other Requirements (9 cr)
• LAC Requirements (34 cr)*
• Free Electives (7 cr)

* The core business courses ECO201 and ECO202 fulfill 6 of these credits, as they are also LAC Social Sciences requirements.

Business Core Requirements (36 cr)

• ACC203 Financial Accounting (3 cr)
• ACC204 Managerial Accounting (3 cr)
• BUS213 Business Law and Ethics (3 cr)
• BUS299 Civic Engagement (0 cr)
• ECO201 Microeconomics (3 cr)
• ECO202 Macroeconomics (3 cr)
• FIN301 Managerial Finance (3 cr)
• ITM211 Information Technology Management (3 cr)
• MGT201 Introduction to Management (3 cr)
• MGT420 Strategic Planning and Policy Formulation (3 cr)
• MKT201 Introduction to Marketing (3 cr)
• OPM301 Operation and Production Management (3 cr)
• QBA201 Managerial Statistics (3 cr)

Emphasis Requirements (12 cr)

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

Other Requirements (9 cr)

• FEM311 Small Business Start-Up Lab (3 cr)
• FEM488 Special Topics in Family and Entrepreneurial Business (3 cr)
• MGT399 Internship/Practicum (1 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)
• QBA301 Intermediate Managerial Statistics (3 cr)

LAC Requirements (34 cr)

Free Electives (7 cr)

Recommended Study Plan

Year One

Fall (15 cr)

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

Spring (16 cr)

• 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 cr)

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

Spring (16 cr)

• BUS213 Business Law and 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 cr)

• FEM322 Entrepreneurial Marketing (3 cr)
• OPM301 Operation and Production Management (3 cr)
• Emphasis Elective I (3 cr)
• Emphasis Elective II (3 cr)
• LAC Elective (3 cr)

Spring (15 cr)

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

Career Opportunities

The Family and Entrepreneurial Business Management emphasis strives to develop future business leaders and decision makers and prepares students for various career opportunities including but not limited to

• preserving continuity of already-existing Family Business
• maintain the family’s wealth from generation to generation, and
• helping in the start-up of private business, as it encourages entrepreneurship and the building of solid guidelines for future business start-ups