BU 097 Introduction to Entrepreneurship

Course Description:
This semester length course introduces the challenges and successes in managing small business in today's market. The definition of enterpreneur, types of business organizaions, legal aspects, personnel management and the criteria for establishing a small business are discussed. Students will develop a simple business plan.

  • Prerequisite Courses: ESL050 or ESL/BU095

A. PROGRAM LEARNING OUTCOMES (PLOS):
The student will be able to:

  1. Demonstrate proper bookkeeping techniques for a small business
  2. Demonstrate general computer competence and information technology literacy.
  3. Describe small business management techniques.
  4. Communicate effectively in English for business purposes.
  5. Perform business computations and apply logic as needed.
  6. File documents properly and use common office machiness.

B. STUDENT LEARNING OUTCOMES (SLOS) - GENERAL
The student will be able to:

  1. Develop an understanding of small business management and enterpreneurship
  2. Describe small business role in an economic system with emphasis on the FSM and its general business environment
  3. Develop a simple business plan

SLO

PLO 1

PLO 2

PLO 3

PLO 4

PLO 5

PLO 6

1

ID

 

ID

I

 

 

2

I

 

ID

I

I

 

1

ID

D

D

ID

ID

 

I = Introduced
D = Demonstrated
M = Mastered

C. STUDENT LEARNING OUTCOMES (SLOS) – SPECIFIC
The student will be able to:

General SLO 1: Develop and understanding of small business management and entrepreneurship

Student Learning Outcomes

Assessment strategies

1.1 Define small business and explain the various options to starting a small business

Chapter Quizzes and Unit Exams

1.2 Explain the various types of business ownership and their advantages and disadvantages

Chapter Quizzes and Unit Exams

1.3 Explain the private enterprise system, the factors of production, and the rights within the system

Chapter Quizzes and Unit Exams

1.4. Describe the management competencies and skills important for good managements

Research Project/Presentation

1.5. Design an organizational structure and identify key personel to manage the organization.

Research Project/Presentation

1.6. Discuss the general aspects of marketing in small business

Chapter Quizzes and unit exams

1.7. Explain the financing needs of a small business, sources of financing, financing forecasting, and pro forma financial statements

Chapter Quizzes and unit exams

1.8. Define enterpreneur, list the characteristics of a successful entrepreneur, and be able to explain the social conditions conducive to development of an entrepreneur.

Group Project/Presentation

General SLO 2: Describe small business role in a economic system with emphasis on the FSM and its general business environment


Student Learning Outcomes

Assessment strategies

2.1 Describe the FSM economic system and its general business environment

Research Assignment

2.2 Discuss the importance of small busienss in the FSM economy

Research Assignment

2.3 Describe business opportunities and trends in FSM and the global market and the important role technology plays in small business industries

Research Assignment

General SLO 3: Develop a simple business plan


Student Learning Outcomes

Assessment strategies

3.1 Discuss the important of developing a business plan

Quiz and exam

3.2 Explain the key components of a business plan and how to develop a plan

Project/Presentation

D. COURSE CONTENT

  1. FSM Economic System and General Business Environment
  2. Starting and Growing your business
  3. The entrepreneur, key traits, challenges and success
  4. Opportunities and trends for enterpreneurs
  5. Business Organization and Management
  6. Developming Marketing Strategy
  7. Analysis of Financial Needs and Sources
  8. Technology of Business
  9. Writing a business plan
E. METHODS OF INSTRUCTION

Lectures, class discussion, audio/visual presentation, and research assignments


F. REQUIRED TEXT AND COURSE MATERIALS

BU 097 Introduction to Enterpreneur
Allen, K.R. (1999).Entrepreneurship and Small business Management(2nd ed) New York:
Glence/Mcgraw-Hill.(or most recent edition)
Meyer, E.C. and Allen. K.R. (1999)Entrepreneurship and Small business Management Student Activity Book(2nd ed.)New York:
Glence/Mcgraw-Hill.(or most recent edition)

G. REFERENCE MATERIALS
None

H. INSTRUCTIONAL COST
None

I. EVALUATION
None

J. CREDIT BY EXAMINATION
None

 

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