This course covers financial accounting concepts and provides an introduction of managerial accounting concepts. Emphasis is placed on understanding how economic transactions impact financial statements. The accounting equation model as well as the financial statements model is used for this purpose. Vertical analysis, horizontal analysis and ratios are used to evaluate a company’s performance. Managerial accounting is introduced and contrasted with financial accounting. Topics include: the accounting equation, elements of financial statements including public disclosures of Notes to Financial Statements and Management Discussion and Analysis, filings with the SEC, financial ratios and analysis well as budgeting. (Credit is not granted for both LRSP 201 and ACCT 201.)
Privides an overview of the theoretical foundations, structures, and processes of public and nonprofit organizations; their historical development and socioeconomic environment; and the complexities of managing in public and nonprofit organizations.
This course is intended to introduce students to essentials of management and marketing concepts. It introduces management theory and practice as a unified body of knowledge and addresses the historical development of management theory; the purpose and nature of organizations; management/organization functions, strategies and structures; and a sample of challenges facing management in contemporary organizations. Emphasis is placed on the roles of executives managing organizations, improving their performances and achieving desired operating results/outcomes. From a marketing manager’s perspective, this course builds upon the foundation of marketing knowledge found in the classical strategic factors of price, product, place, and promotion. In addition, contemporary competitive factors of quality, speed, innovation and customer service are considered. Attention is given to developing a knowledge base of fundamental marketing research techniques, a basic understanding of free market economics, and the importance of marketplace information to marketing practices. Only MBA students may register for this course. Credit is not awarded for LSRP 308 and any of the following courses: LSRP 311, LSRP 412, BUAD 300, and BUAD 310.
This course examines management theory and practice as unified body of knowledge. The course covers historical development of management theory, the nature and purpose of organizations, and the functions, strategies, structures, and a sampling of challenges facing management in contemporary organizations. Emphasis is placed on the roles of executives managing organizations, improving their performance, and achieving desired operating results. Experiential exercises, cases, and other strategies are applied to enhance learning the theory, and acquire, enhance, and integrate key management skills related to managing contemporary work organizations.
The ability to work with and effectively use quantitative data to make decisions is a fundamental skill in every management function. This course will provide students with fundamental quantitative skills for analyzing data and making good decisions. Specifically, this course will provide a fundamental understanding of probability and develop skills in quantitative problem structuring, basic forecasting methods, and basic optimization techniques for planning and resource allocation.
Examines human behavior in work organizations from the perspective of the practicing manager. Individual and group behavior as critical factors in developing ethical work practices and successful communications, motivation, leadership, and culture. Assessment of internal and external environments as they relate to interpersonal skills and needs in a dynamic world.
This course involves study of contemporary leadership theory, with emphasis on practical application of those theories. Students have opportunities to explore personal leadership styles, learn how to modify them, how to apply them effectively in their work, and write a personal vision statement. Characteristics of effective leaders, contemporary leadership models, strategic leadership, ethics, power, politics, influence tactics, teamwork, motivation and coaching skills, creativity and innovation, communication, and conflict resolution, are discussed. Experiential exercises, cases, and other strategies are applied to enhance learning theory and acquire, enhance, and integrate leadership skills related to leading contemporary work organizations.
Prerequisite: LRSP 201 or equivalent. This course studies financial management, with an emphasis on using the financial statements and other financial data to make decisions to improve the organization’s economic performance. Topics include financial management principles and concepts, financial risk, working capital management, time value of money, cost of capital, stock and bond valuation, and the financial regulatory environment. College of Business majors cannot take this class; they should take FINC 301 instead.
This course examines the principles and practices of human resource management, including recruiting, hiring, orienting, training, developing, disciplining, rewarding and recognizing employees. The evolving strategic role of human resource professionals and HR practices are delineated and discussed.
Prerequisite: BPST 314 or equivalent. This course emphasizes federal employment statutes including Title VII, Fair Labor Standards, American with Disabilities Act, Family Medical Leave Act, Age Discrimination in Employment, and other federal statutes. Cases are used to illustrate the various federal courts' interpretation of the federal statutes. Federal agencies such as Equal Employment Commission and Department of Labor guidelines are also studied.
From a marketing manager's perspective, this course builds upon the foundation of marketing knowledge found in the classical strategic factors of price, product, place, and promotion. In addition, contemporary competitive factors of quality, speed, innovation and customer service are considered. Additional topics include service strategy, development of service systems, differentiating services from products, the role of the internet, and the application of key marketing concepts to a variety of profit and nonprofit organizations. Attention is given to developing a knowledge base of fundamental marketing research techniques, a basic understanding of free market economics, and the importance of marketplace information to marketing practices.
Prerequisites: LRSP 316 and LRSP 305 or LRSP 311 or equivalents. This course examines current concepts and methods of managing operations and production for the manufacturing and service industries. It presents quantitative and qualitative techniques for product and service design, process analysis, job design and measurement, facility layout, waiting line management, material and customer requirements, control, and scheduling. This course also explains concepts and models of supply chain management and total quality management focusing on Six Sigma.
Prerequisites: LRSP 311 and LRSP 412 or equivalents. This course studies the role of managers in global markets and international organizational settings. Topics in this class include the following areas: the external economic and political environment, international strategic planning, partnerships and alliances, global human resource management, managing technology, product and service design, and ethics and leadership as a global manager. This course utilizes innovative learning techniques and case study analysis from a variety of national, multinational, and global firms.
Prerequisite: LRSP 331 or LRSP 343 or equivalent. This course focuses on the role of leaders in developing an innovative organization and managing creative employees. Topics include the creative/innovation process, management of innovation, and the individual and team-based skills necessary for organizational success in an increasingly global, competitive environment.
Prerequisite or corequisite; senior status, BPST 314, and LRSP 311, LRSP 316, LSRP 344, LRSP 406, and LRSP 412 or equivalents for each aforementioned course. This course studies the formulation and direct application of strategy at the business and corporate levels. Emphasis is given to the role of leadership in strategic planning and thinking. Through the use of a variety of instructional techniques, e.g., computer-based simulations and case studies, students learn to make critical leadership decisions concerning organizational policy, competitiveness, operational and marketing tactics, and the role of corporate governance while addressing ethical considerations.
Selected topics will reflect faculty specializatio n or program needs. The purpose of this course is to provide opportunities for concentrated study o r to equip students with specialized knowledge and competencies that will be required of leaders. M ay be repeated for credit with a change in topic.
This is an individual study under faculty direction on a topic of relevance to the LRSP concentration.
Internships offer students opportunities to experience various fields of employment while working with a variety of organizations on important and challenging projects. These experiences augment classroom learning while allowing on-the-job training. Interested students should contact the program director for further information about internship opportunities.