They learn how to make sound business decisions to ensure effective operations. The nature of product demands, cost structures, company size and market competitions, production planning using PERT, and other computer planning systems used in the industry are learned. Students gain knowledge of the contributions, functions, issues and trends relating to a small business. Emphasis is placed on the start-up and on the management of activities of a small business enterprise. Clear distinctions will be made between the operations and issues pertaining to a small business and a large business enterprise.
Students examine different small businesses and meet successful entrepreneurs.
MNGT 3103 Students explore in-depth the training and development functions of human resource management. They investigate complex activities designed to improve the performance of individuals and groups within organizations with emphasis on need analyses and environmental forces. Students learn how to design and administer compensation programs which reward employees fairly. Students learn the legal environment and its impact on compensation. They examine topics such as job analysis, job evaluation, job classification, wage levels, and wage surveys and learn to distinguish between monetary rewards and nonmonetary rewards.