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MGT 360: Small Business Management

Course Description

This course explores the dynamic world of small business management. The focus is on practical information that would be useful in the real-world for students considering small business management. Students will learn about the rewards and challenges of operating a small business, including how to get a sustainable competitive advantage. The latest developments impacting small business such as new technology and global opportunities will be discussed. The course will also include information about the strategies used by successful small business owners.

Prerequisites

  • ENG 101: English Composition 1
  • ENG 102: English Composition 2
  • MGT 101: Principles of Management

Student Learning Outcomes (SLOs)

Students who successfully complete this course will be able to:

  1. Create a comprehensive business plan for a small business that can operate in the global marketplace.
  2. Select the appropriate legal organizational structure for a form of ownership to address local taxation concerns, global environment concerns and owner risk assessment.
  3. Demonstrate basic analysis and interpretation of financial statements to track present activities and predict future performance.
  4. Integrate available tools, methods, and technology to effectively manage the operating activities of the business.
  5. Assess promotional methods and select the best options to meet the objectives of the business and the marketplace

General Education Outcomes (GEOs)

Please check the applicable GEOs for this course, if any, by outcomes at GEO Category Search, or by subject area at GEO Discipline Search.

Course Activities and Grading

Assignments

Weight

Discussions (Weeks 1-8)

20%

Written Assignments (Weeks 1, 2, 4 & 6)

40%

Business Plan (Weeks 3, 5 & 7)

30%

Business Plan Presentation (Week 8)

10%

Total

100%

Required Textbooks

Available through Charter Oak's online bookstore

  • Hodgetts, Richard M. (2008). Wiley Pathways Small Business Management. 1st ed. John Wiley & Sons, Inc. ISBN-10: 0470111267 or ISBN-13: 9780470111260

Course Schedule

Week

SLOs

Readings and Exercises

Assignments

1

4,5

Topics: What is a Small Business? Opportunities within Small Businesses

  • Readings:
    • Textbook - Chapters 1 & 2
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Virtual Field Trip

2

1,4,5

Topics: Family Owned Small Businesses & The Business Plan

  • Readings:
    • Textbook - Chapters 3 & 4
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Case Study

3

1,2,3

Topics: Financing your Small Business & Forms of Ownership

  • Readings:
    • Textbook - Chapters 5 & 6
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Business Plan Part 1

4

2,3,4

Topics: Running your Small Business & Keeping it Legal and Ethical

  • Readings:
    • Textbook - Chapters 7, 8 & 9
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Case Study

5

1,4

Topic: Understanding your Business Market

  • Readings:
    • Textbook - Chapters 10 & 15
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Business Plan Part 2

6

4,5

Topics: Promoting your Small Business & E-commerce for a Small Business

  • Readings:
    • Textbook - Chapters 11 & 12
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Case Study

7

1,3

Topic: International Business

  • Readings:
    • Textbook - Chapters 13 & 14
  • Read assigned chapters
  • Review lecture material
  • Participate in the Discussions
  • Submit assignment - Business Plan Part 3

8

1

Topics: Course Reflection & Business Plan Presentation

  • Readings:
    • Textbook - No additional readings but review materials and textbook
  • Participate in the Discussions
  • Submit Business Plan Presentation
  • Complete the Course Evaluation

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.