BADM 2105 Small Business Management
This course will cover the essentials of management for a business with one to fifty employees and will give the student a comprehensive understanding of critical small business issues. Topics include the impact of small business on our economy, essential small business management strategies, entrepreneurship, the business plan, financial statement literacy and capital requirements, marketing strategies, human resources, and legal issues. (3 lect.)
Major Topics
- The Role Of Small Business
- Essential Small Business Management Strategies
- Entrepreneurship
- Marketing Strategies
- Business Ethics
- Human Resources
- Basic Financial Literacy, Planning, and Control
- Legal Issues Facing Small Businesses
Outcomes
In order to successfully complete this course, the student will:
1. Explain the distinctive features of small firm management.
2. Explain the principal reasons for failure and success of small business firms.
3. Describe the availability of entrepreneurial opportunities.
4. Explain the franchising concept.
5. Define competitive advantage.
6. Describe the purpose and content of financial statements.
7. Explain the impact of social responsibilities on small businesses.
8. Explain the importance of employee recruitment and identify some sources that can be useful in finding qualified applicants.
9. Identify the basic requirements for an accounting system.
10. Describe the working-capital cycle of a small business.
11. Define and explain the nature of risk.
12. Explain the importance of an exit strategy.
13. Explain how innovation and competitive advantages contribute value to new business products and services.
Other Information
Any information placed here must be adhered to by all instructors:
For textbook information, contact the instructor.