Business Administration & Management

Upon successful completion of the learning experience, students will be able to understand an ethical decision-making framework; understand and evaluate various organizational influences affecting ethical decisions; present and analyze ethical and moral issues; explore ethical theories; identify and evaluate business ethics theory, and corporate social responsibility; identify, interpret, and analyze the global, political, social, environmental, technological, and cultural context of the business environment; and articulate issues in business ethics, the ethical business environment and their potential effect on personal, managerial and corporate decisions.

Upon successful completion of the learning experience, students are able to make financial decisions based off the learning of real-life cases; articulate the five principles of finance; understand the financial market and how to deal with the constant change; analyze the value of financial assets, including the risks and benefits; and handle capital at personal and international levels.

Upon successful completion of the course, students will be expected to fully grasp the subjects at hand and learn how to implement their studies into everyday personal and professional living; explain the role of scarcity, specialization, opportunity cost, and cost/benefit analysis in economic decision-making; identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output; summarize the law of diminishing marginal utility; describe the process of utility maximization; calculate supply and demand elasticities; identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue; describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production; identify the four market structures by characteristics; calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis; and determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by the use of marginal analysis.

Upon successful completion of the learning experience, students will be able to: apply economic reasoning to business decisions, understand the fundamentals of individual and firm behavior, estimate simple equations using regression and apply them in an economic context, use optimization to determine equilibria under a variety of market structures, apply game theory to economic decision making, understand advanced pricing strategies under market power, describe economic underpinnings of managerial decisions, and apply economics concepts to an individual problem.

Upon successful completion of the learning experience, students will be able to successfully assess and advise on business operations and relationships in complex international business environments; successfully apply the principal theories of international trade and investment (exchange rate regimes, global stock; and bond markets); effectively integrate in international business endeavors in critical intracompany departments, such as marketing, manufacturing, accounting, finance, and human resources; effectively position supply, production, and sales functions; speak knowledgeably on the important role played by multinational economic and social aid organizations such as the UN, EU, IMF, and World Bank in facilitating international trade and business; and act ethically, diplomatically, and with emotional sensitivity in international business environments.

Upon successful completion of the learning experience, students will be able to understand HR management and systems at various levels in general and in certain specific industries or organizations; focus on and analyze the issues and strategies required to select and develop manpower resources; develop relevant skills necessary for application in HR-related issues; and integrate the understanding of various HR concepts along with the domain concept in order to make correct business decisions.

Upon successful completion of the learning experience, students will be able to give specific examples of how to manage a more heterogeneous organization in terms of gender, race, ethnicity, and age; identify the stages of group development and explain the managerial responses appropriate for each stage; demonstrate an understanding of interpersonal awareness by explaining different styles of conflict resolution and negotiation techniques; provide an example of an ethical issue pertinent to organizations today; predict how perception and attribution affect the decision-making process; and identify and explain the dimensions of organizational structure and culture and the steps of organizational change.

In this course, students will be able to define concepts related to national income; compare calculation methods of national income; relate factors to determine national income such as consumption, saving, and investment; interpret macroeconomic issues such as money, foreign exchange, inflation, unemployment, economic growth, and foreign trade; express the definition of money and the functions and types of money; explain the definition, causes, and effects of inflation; categorize unemployment by types; explain the types of and the process of the exchange rate; express economic growth and development concepts; and explain export, import, and foreign trade deficit concepts.

Upon successful completion of the learning experience, students will be able to discuss the importance and challenges of sound financial management in healthcare today; demonstrate a working knowledge of the key principles and techniques of financial management; assess the financial health of an organization by reviewing key metrics and reports; identify all factors to consider in a major capital financing project; and develop a comprehensive healthcare business plan supported by a thorough financial analysis.

Upon successful completion of the course, students will be able to distinguish the concept of leadership from the concept of management; compare and contrast the major theories of leadership; analyze the decision-making process and change management; assess the skills necessary to exert power and influence in a non-authoritative leadership role; and evaluate the qualities necessary to effectively manage or lead in a team/group environment.

Upon successful completion of the learning experience, students will be able to: analyze the meaning and influences guiding the decisions and behaviors of culturally-driven phenomenon; question the power of individual influences on decision making and consumption; relate internal dynamics such as personality and motivation to the choice’s consumers make; relate group dynamics and the relative influence of various group members to the choices made by groups of people; evaluate the influence of culture and subculture on consumer consumption preferences; appraise the applicability of consumer behavior theories to interpreting why consumers behave as they do; assess the components and stages of the individual decision-making process; assess the components and stage of the group decision-making process; demonstrate a high proficiency of critical thinking through interpretation, evaluation, and presentation of marketing concepts (orally and in writing), current events or other data sets.