BU-260 Fundamentals of Management

Course Description:

Enables the students to develop an understanding of management and organization. The course focuses on important management functions such as planning, organizing, leading and controlling for successful managerial activities. The students will learn how successful managers use organizational resources through organizational functions in order to effectively and efficiently achieve organizational objectives.

A.  PROGRAM LEARNING OUTCOMES (PLOs): 

The student will be able to:

1.      Demonstrate basic knowledge of each of the functional areas of business – accounting, management, marketing, economics, and finance – by emphasizing their importance in an organization and describing their interrelationship in the organization’s attempt to achieve its objectives.

2.      Demonstrate basic knowledge and skill in the use of cost and managerial accounting concepts and techniques as management tools for planning, controlling, evaluating performance and making decisions.

3.      Demonstrate basic knowledge and skill in business mathematics and elementary statistics by accurately performing common business computations, statistical data presentation and analysis.

4.      Demonstrate basic knowledge and skill in intercultural writing and speaking appropriate for business.

5.      Demonstrate a basic understanding of the legal environment and ethical challenges confronting business in general and in the FSM, from both local and global perspectives.

 

B.  STUDENT LEARNING OUTCOMES (SLOs):  GENERAL

The student will be able to:

1.      Demonstrate basic knowledge of management and organization.

2.      Demonstrate a basic understanding of management functions such as planning, organizing, leading and controlling; and how successful managers effectively and efficiently use these functions and their business resources to achieve organizational objectives.

SLO

PLO1

PLO2

PLO3

PLO4

PLO5

1

I

 

 

 

 

2

IDM

 

 

 

 

I = Introduced

D = Demonstrated

M = Mastered                                                   

 

C.  STUDENT LEARNING OUTCOMES (SLOs) – SPECIFIC:

The student will be able to:

General SLO 1. Demonstrate basic knowledge of management and organization.

Student Learning Outcomes

Assessment Strategies

1.1.Define management and organization and explain the challenge of management.

Comparison of the results of pretest and posttest

1.2.Explain the history of management and examine managers’ actions in terms of conditions faced at a point in time.

Comparison of the results of pretest and posttest

1.3.Define managerial ethics and corporate social responsibility and explain the classical view, the accountability view and the public view of ethics.

Comparison of the results of pretest and posttest

 

GENERAL SLO 2. Demonstrate a basic understanding of management functions such as planning, organizing, leading and controlling; and how successful managers effectively and efficiently use these functions and their business resources to achieve organizational objectives.

Student Learning Outcomes

             Assessment Strategies

2.1.Define three terms - decision, risk, and problem- as they relate to the managerial decision making process.  They will be able to discuss different categories of decisions facing managers and describe the seven steps of the decision making process.

Comparison of the results of pretest and posttest

2.2.Define planning, discuss its relationship with organizational performance, and describe its benefits.  They will be able to define and discuss differences between strategic, tactical and operational plans.

Comparison of the results of pretest and posttest

2.3.Discuss the importance of strategic planning and strategic management.

Comparison of the results of pretest and posttest

2.4.Explain the key aspects of job design and work group design, meaning and nature of organizational structure and describe the bureaucratic organization structure and departmentalization.

Comparison of the results of pretest and posttest

2.5.Describe the meaning and sources of power and authority in organization, explain the process of empowerment in organizations and explain and give examples of the difference between line authority and staff authority.

Comparison of the results of pretest and posttest

2.6.Describe the delegation process; specify the conditions for effective delegation; identify and explain the behavioral aspects of delegation; explain the meaning of decentralization and centralization of authority; and identify the advantage and disadvantage of decentralization.

Comparison of the results of pretest and posttest

2.7.Identify the most important components of human resource planning; outline a model of organizational staffing; summarize the FSM laws regarding equal employee compensation; explain methods of staff orientation and training

Comparison of the results of pretest and posttest

2.8.Define the meaning of leadership, specify the major Traits, characteristics, and behaviors of successful leaders, and explain the leadership styles and what the leader can do to foster teamwork and quality.

Comparison of the results of pretest and posttest

2.9.Explain the relationship between motivation and performance and productivity, describe a general model of motivation and identify characteristics that contribute to job enrichment.

Comparison of the results of pretest and posttest

2.10.        Specify the steps in the communication process, identify the major forms of organizational communication and explain how to improve the sending and receiving of messages.

Comparison of the results of pretest and posttest

2.11.        Discuss the nature of controlling function and describe the differences among three levels of controls in firms:  operational, tactical and strategic; define controlling and describe the six stages of control process.

Comparison of the results of pretest and posttest

 

D.  COURSE CONTENT

I.       The nature and challenge of management.

II.    The history of management thought and practices.

III. Managerial ethics and corporate social responsibility.

IV. Managerial decision making.

V.    Fundamentals of planning.

VI. Strategic planning and strategic management.

VII.Job design and organization structure.

VIII.Authority and power in organization.

IX. Delegation and decentralization of authority.

X.    Staffing and human resource management.

XI. Leadership and teamwork.

XII.Motivation and productivity.

XIII.Interpersonal and organizational communication.

XIV.Principal of Control.

EMETHODS OF INSTRUCTION

Lectures, student discussion, projects, and guest speakers.

F.  REQURIED TEXT(S) AND COURSE MATERIALS

       Hellriegel, Don, Susan E. Jackson, and John W. Slocum Jr. Managing : A   

       Competency-Based Approach. 11th ed. Mason, OH: Thomson/South-Western,

       c2008 (or most recent edition).

G.  REFERENCE MATERIALS

Video cases, business journals, and periodicals

H.  INSTRUCTIONAL COSTS

      None

I.   EVALUATION

None

J.   CREDIT BY EXAMINATION

      None

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