Business Administration

The Business Administration major is designed for those who want to become generalists in business management. Business persons, especially small business owners and entrepreneurs, frequently "wear many hats." The Business Administration major will prepare you for life as an entrepreneur. Crucial factors involved in conceiving, initiating, and developing new ventures are examined. Preparation includes guest entrepreneurs, case studies, and written feasibility analyses of student-selected ventures. As management consultants, students develop their analytical, writing, speaking, and observation skills along with the confidence to become independent.

In addition to the General Education requirements and the School of Business and Management requirements, students are required to take 21 credits which include 6 credits of electives. The required courses are: BUAD 361, BUAD 371, BUAD 382, BUAD 351, and BUAD 452. Six credits of electives may be chosen from among the following: BUAD 362, BUAD 456, BUAD 486, one 300-400 level Management course, one 300-400 level Marketing course, and FIN 344.

Note: Students in the Honors Program must follow the Honors Curriculum.

BUSINESS ADMINISTRATION (BUAD) COURSES



Required (15 credits)
BUAD 351 - Entrepreneurship (3 credits)
BUAD 361 - Fund. of Risk Mgmt (3 credits)
BUAD 371 - Prin. of Real Estate (3 credits)
BUAD 382 - Business Law (3 credits)
BUAD 452 - Adv. Entrepreneurship (3 credits)


Electives (6 credits)
BUAD 362 - Life and Health Insurance (3 credits)
BUAD 456 - Special Topics in Business Administration (3 credits)
MGMT 486 - Internship (3 credits)
MGMT 300-400 Level (3 credits)
MKTG 300-400 Level (3 credits)
FIN 344 - Investments (3 credits)


HONORS DESIGNATION
The following courses make up the "Honors" designation in the department:
BUAD 452 - Advanced Entrepreneurship (3 credits)
BUAD 456 - Special Topics in Business Administration (3 credits)
MGMT 421 - Training and Development (3 credits)
MGMT 465 - Issues in HR (3 credits)
MKTG 345 - Services Marketing (3 credits)
MKTG 465 - Special Topics in Marketing (3 credits)
HOMG 219 - Food Service Management and Operations (3 credits)
HOMG 412 - Meeting and Convention Management (3 credits)


Note: Junior standings in the School of Business and Management means successful completion of 60 credits in General Education and SBM Requirements including MATH 201, ECON 212, ACCT 202 (or ACCT 300), INSS 141.

BUSINESS ADMINISTRATION COURSE OFFERINGS


ORIE 102 FRESHMAN ORIENTATION FOR BUSINESS AND MANAGEMENT MAJORS
Two hours; 1 credit.
This course introduces students to the expectations and demands of higher education, to the legacy and tradition at Morgan State University, to college survival strategies, and to the broad array of career opportunities in business and management. Students enrolled in this course are required to attend all university convocations and other prescribed extra-curricular activities. They are also required to hold conferences with their faculty advisors in order to pass the course. Students transferring 24 or more credits to the university when admitted are exempted from this requirement.

BUAD 200 INTRODUCTION TO BUSINESS FOR NON-BUSINESS MAJORS
Three hours; 3 credits.
This course is for non-business majors and will NOT count toward degree requirements in the School of Business and Management. The course is designed to assist students in exploring the field of business as a career. Topics such as Private Enterprise and its challenges, global business, forms of business ownership, financing, and marketing, etc. are discussed in their most basic levels. Prerequisites: ENGL 101 AND 102 and sophomore standing. (Fall, Spring)

BUAD 202 BUSINESS LEADERSHIP SEMINAR
Three hours; 3 credits.
This course is designed to develop and strengthen the competencies necessary to prepare students for leadership positions in their chosen field. This course emphasizes skill building in business writing, preparing and delivering business presentations, social skills in informal settings, interviewing skills, working in teams, learning about and adapting to organizational cultures, and mentoring and networking. Leadership skills such as adaptability, self motivation, risk taking, time orientation, and adding value to the firm are also covered. Prerequisites: ORIE 102 and Sophomore standing in the SBM. (Fall, Spring)

BUAD 326 BUSINESS, ETHICS AND SOCIETY
Three hours; 3 credits.
In this course the business-government-society relationship is examined. Emphasis is placed on business ethics and ethical decision-making, social costs, corporate social responsibility and responsiveness, corporate governance, global trends and the role of government. Prerequisite: Successful completion of MGMT 324 and MKTG 331 (Fall, Spring)

BUAD 327 FUNDAMENTALS OF INTERNATIONAL BUSINESS
Three hours; 3 credits.
This course provides conceptual and functional analysis of business operations in the global environment encompassing the impact of institutional, socio-cultural, political and legal forces on international business relations and current policy issues. Prerequisite: Junior standing in the SBM. (Fall, Spring)

BUAD 351 ENTREPRENEURSHIP
Three hours; 3 credits.
This course focuses on creating, owning and operating a business firm as well as selected opportunities, challenges and strategic problems. Course theme is that success for a new business is dependent upon distinctive strategy, competence, and managerial effectiveness, supported by consistent, efficient policies and practices in marketing, production, finance, human resource management, and customer service. Prerequisites: FIN 343, MKTG 331 and MGMT 324. (Fall, Spring)

BUAD 361 FUNDAMENTALS OF RISK MANAGEMENT
Three hours; 3 credits.
This is an introductory survey course that defines and analyzes the nature of risks encountered in modern industrial society and of methods and institutions devised to cope with them; a review of the evolution of the concept of insurance in the context of changing needs in economic security. Theories, insurance mathematics, and practices of both private risk management programs and public insurance systems are covered. Prerequisite: Successful completion of FIN 343. (Fall, Spring)

BUAD 362 LIFE AND HEALTH INSURANCE
Three hours; 3 credits.
Life, health, annuity, and related insurance contracts and programs are examined from the viewpoints of individuals, businesses, government agencies, and insurance companies. Topics include policy types and content, rate making, underwriting, investments, regulation, group insurance, estate planning, and industry trends. Prerequisite: Successful completion of BUAD 361. (Fall, Spring)

BUAD 371 PRINCIPLES OF REAL ESTATE
Three hours; 3 credits.
This course examines the basic concepts, characteristics, and principles of real property, ownership, and real estate practices; deeds, leases, restrictions, brokerage, marketing, and appraisals, rental and purchasing contracts, regulations, licensing law, and real estate professional selling. Prerequisite: Successful completion of BUAD 361. (Fall)

BUAD 381 THE LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS
Three hours; 3 credits.
The course introduces students to ethical theory and decision making models, as well as the power and functions of courts, court systems, litigation, and the U.S. Constitution and business. Students are introduced to substantive rules of law in the areas of contract, torts, criminal law, product and service liability and their impact internationally. Governmental efforts to regulate business activity relative to worker protection, consumer protection and Environmental law are covered. Prerequisite: Junior standing in the SBM. (Fall, Spring)

BUAD 382 BUSINESS LAW
Three hours; 3 credits.
This course examines the basic concepts in determining the various types of business organizations. Emphasis is placed on agency, partnership, corporations. Students are introduced to the Uniform Commercial Codes treatment of sales, security transactions, and negotiable instruments. Bankruptcy and Accounts legal liability are also covered. Prerequisite: Successful completion of BUAD 381. (Fall, Spring)

BUAD 384 ENTREPRENEURIAL OPPORTUNITY RECOGNITION
Three hours; 3 credits.
This course examines the entrepreneurial opportunity recognition process. Discussion of psychological, demographic, economic, social network, marketing, and finance factors will help students better understand how to take an initial new venture concept or idea and turn it into an entrepreneurial opportunity. Students will develop networking and presentation skills, as well as refine their ability to conduct market research and prepare financial projections. Prerequisites: Successful completion of FIN 343, MKTG 331, and MGMT 324.

BUAD 450 MANAGING THE VERTURE FINANCING PROCESS
Three hours; 3 credits.
This course will examine the venture financing options available for new business startups. Emphasizing creating and analyzing financial documents, approaching financial sources, selling stock for growing companies, and managing the financial condition of a new venture. Prerequisite: BUAD 351; BUAD 384.

BUAD 452 ADVANCED ENTREPRENEURSHIP
Three hours; 3 credits.
This course concentrates on how new ventures are started. Objectives of the course are understanding entrepreneurs, seeking and evaluating opportunities for new ventures, and gathering resources to convert those opportunities into businesses. There are two projects: Students interview entrepreneurs and write a report, and students write business plans for new ventures they have chosen. (Fall only) Prerequisite: BUAD 351. This is a course with "Honors" designation.

BUAD 456 SPECIAL TOPICS IN BUSINESS ADMINISTRATION
Three hours; 3 credits.
This course will investigate selected topics of significance to entrepreneurship, business and management. The precise focus varies by semester. Emphasis will be placed on developing the entrepreneurial, analytical and problem-solving skills of students as applied to current business issues. Perquisites: MGMT 324, FIN 343, MKTG 331. Senior standing in SBM. (Spring) This is a course with "Honors" designation.

BUAD 486 INTERNSHIP AND FIELD EXPERIENCE
Three hours; 3 credits.
A student works with the department faculty. Career Development and agency or company officials arrange a qualitatively useful job assignment that provides hands-experience directly related to the students major field of study in business administration, management, marketing or hospitality management. Prerequisites: Permission of chairperson; employer acceptance. Successful completion of ECON 212, FIN 343,BUAD 202, BUAD 326, BUAD 381, MGMT 324, MKTG 331 and GPA of 2.50. (Non-repeatable)

BUAD 499 BUSINESS POLICY
Three hours; 3 credits.
This course focuses on management, entrepreneurial decision-making, strategy formulation, implementation, and evaluation/control to ensure that organizational resources, internal factors, external information, and current performance are helping achieve organizational mission, goals, and objectives. The course emphasizes strategy, survival and success, and long-term performance. Strategic concepts, case analysis, computer simulations, library research, student management teams, and presentations are emphasized. Prerequisites: ACCT 202 (or ACCT 300), FIN 343, MGMT 324, MGMT 328, MKTG 331, BUAD 326, BUAD 327 and BUAD 381. TO BE TAKEN ONLY IN THE SEMESTER OF GRADUATION.