MANAGEMENT OF SMALL BUSINESS

Course Objectives:
The course is designed for those who may eventually have their own businesses or for those who desire to upgrade their skills in their present businesses. It provides the student with a combination of theoretical and practical knowledge in the area of small business management.

CourseDescription :
A course on how to start and operate a small business. The unique characteristics of small business are examined, making the student aware of ideas, concepts, and philosophies important to small business success. The course introduces the fundamentals of business management, including planning, raising capital, using business information, managing employees, and marketing products and services. The course discusses different types of businesses, legal organizations, accounting and financial requirements.

Course Outline: 

1. Facts about a small business
2. Essential management skills
3. How to prepare a business plan
4. Financial needs and alternatives
5. Site analysis
6. Staffing
7. Marketing strategies
8. Controlling inventory
9. Setting prices
10. Growth and expansion decisions and strategies, and
11. Legal issues.

Learning Outcomes:
Upon successful completion of the course, the student will be able to:
•  discuss the motivation(s) inherent in starting a small business and the advantages and limitations of small businesses.
•  Demonstrate knowledge of the procedures for starting a small business.

1. Upon completion, students should be able to develop a small business plan.

•  Demonstrate knowledge of recruitment, the selection process for staffing, and how to build employee morale.

Skills to be developed:
This course helps students in developing the following skills:
1. Communication (Oral & written) Through Assignments, Case Study discussions and
Examinations
2. Analytical Through Case studies and examinations
3. Team Work Through Case studies
4. Creative Thinking Through Case studies, assignments, classroom
discussions
5. Adaptability to Change Through Case studies, and examinations
6. Ethics Through lectures and assignments
7. Use of Information Technology Through use of PCs, Internet, CD-ROM, Statistical
data base in the library
8. International issues Through Case studies, assignments, classroom
discussions, and examinations


Evaluating Student Performance:
Class participation and attendance 10%
Individual assignments 20%
Mid-term examination 20%
Project Presentation 50%

Grading:
Percentage Score Letter Grade GPA Points Percentage Score Letter Grade GPA Points

90 – 100 A 4.0 70 - 74 C 2.0
85 - 89 B+ 3.5 65 - 69 D+ 1.5
80 - 84 B 3.0 60 - 64 D 1.0
75 - 79 C+ 2,5 < 60 F 0.0

Educational Resources: 

Course Schedule & Outline:
Sixteen Week Semester, 3 hrs/Wk