East Texas Baptist University
Entrepreneurship and Small Business Management (BUAD 4305.01)
Fall 2015
Course Entrepreneurship and Small Business Management (3 credit hours)
Course Number MGMT 4351
Instructor Mr. Stan Baker
Home Phone 903-797-4925
Class Days/Times Tues/Thu: 9:30 – 10:50 a.m. Room 102
Office Hours Room 117 Tues: 8:45 – 9:15; 3:30 – 4:30
Thurs: 8:45 – 9:15; 3:30 – 4:30
By appointment
Office Extension: 2151
Course Description
This course is designed for the student to explore the potential of being a successful entrepreneur and introduce the student to the processes for creating a potentially successful business plan. This course also covers concepts, processes, and techniques for managing a small business.
Course Description: The student will explore marketing for small business, identification of a product and/or service potential, advertising plans, marketing strategy and budgeting, determining store location, purchasing procedures, and inventory control. This course will include a practical application of basic financial management principles that apply to entrepreneurs such as maintaining proper financial records to make budgetary decisions related to cash and financing needs, pricing of products or services, the payment of taxes and loans, and determining profitability to help one become a successful entrepreneur. Prerequisites: ACCT 2302, MGMT 2350, and MKTG 2324.
Required Textbook
Scarborough, N. M., Cornwall, J. R., (2015). Entrepreneurship and effective small business management (11th ed.).Upper Saddle River, NJ: Pearson.
ISBN -13: 9780133506327
Course Purpose and Approach
Purpose: The purpose of this course is to open the students’ minds to the possibilities, challenges, and the rewards of owning their own business and to provide the tools they will need to be successful if they choose the path of entrepreneur.
Approach: The primary goal of this course is to introduce management students to both theory and application. The instructor will use textbook assignments, lecture, homework assignments, handout materials, interactive quizzes (Blackboard), classroom/online discussions (Blackboard), internet sites, and instructor/student e-mail. An emphasis will be made on the practical application of entrepreneurship and small business concepts. This course is intended for students who have already completed Principles of Management.
Entrepreneurship & Small Business Management (BUAD 4305.01)
Course Objectives
1. Students will integrate entrepreneurship and small business ownership with biblical faith.
2. Students will describe foundational terms, concepts, and theories of entrepreneurship and small business ownership/management.
3. Students will connect small business theory to everyday life by recognizing that it is evident everywhere.
4. Students will analyze current business practices through contemporary cases.
5. Students will analyze business cases/situations applying the relevant theories to practice and hone their presentation skills in the classroom.
6. Students will better understand the need for and create a master business plan.
7. Students will learn how to manage a small business, manage human
resources, ethics, the necessity of business succession, and government
regulations.
Course Requirements
Student Responsibilities
* Students are expected to attend each class session, to come to class on time, to be fully prepared to discuss readings and cases, and to participate in a positive way. The success of this course is dependent on student attendance and participation. If any student is consistently absent, the instructor will meet with that student one-on-one to try to correct the absenteeism problem. If the student continues to be frequently absent, then that student’s final grade will be affected negatively. Students must attend at least 75% of the time. If the student misses 25% or more of the available periods, the student will fail the course. Both excused and unexcused absences will count towards total absences.
* Students are expected to turn in homework assignments at the beginning of the class period when they are due. All homework and case study assignments are to be typed. Please note that the professor will use email regularly to communicate important class information. You need to check your email regularly to stay informed. You also need to regularly check Blackboard for course-related materials.
* A student with a disability may request appropriate accommodations for this course by contacting the Office of Academic Success and Graduate Services, Marshall Hall, Room 301, and providing the required documentation. If accommodations are approved by the Disability Accommodations Committee, the Office of Academic Success and Graduate Services will notify you and your
Entrepreneurship & Small Business Management (BUAD 4305.01)
professor of the approved accommodations. You must then discuss these accommodations with your professor.
* Students enrolled at E.T.B.U. are expected to conduct themselves in accordance with the highest standards of academic honesty and integrity avoiding all forms of cheating, illicit possession of examinations or examination materials, unwarranted access to instructor’s solutions’ manuals, plagiarism, forgery, collusion and submissions of the same assignment to multiple courses.
Penalties that may be applied by the faculty member to individual cases of academic dishonesty by a student include one or more of the following:
· Failure of the class in question
· Failure of particular assignments
· Requirement to redo the work in question
· Requirement to submit additional work
All incidents related to violations of academic integrity are required to be reported to the Vice President for Academic Affairs and multiple violations of academic integrity will result in further disciplinary measures which could lead to dismissal from the University.
Methods of Instruction:
Textbook assignments, homework assignments, handout materials, interactive quizzes, classroom/online discussions, internet sites, and instructor/student e-mail.
Possible Points Weight
1. Chapter Discussion Questions - 7 (50 points ea.) 350 13%
2. Case Studies – 3 (50 points ea.) 150 15%
3. Final Course Paper (100 points) 100 23%
4. Chapter Quizzes – 5 (100 points ea.) 500 25%
5. Discussion Boards - 3 (100 points ea.) Post; 75 pts; Reply; 25) 300 15%
6. Attendance/Participation: 30 Class Sessions (10 points ea.) 300 9%
TOTAL 1,700 100%
Specific Graded Areas:
1. Chapter Discussion Questions: There are seven Discussion Question Assignments in this course. These questions are used to assess the students by-chapter mastery of the content and theories presented. Chapter Discussion Question’s assignments are 13% of your course grade.
2. Case Studies: There are three Chapter Case Studies due at specific classes.
Therefore you do not have to complete one for every chapter (see Course Schedule for Case Studies and when they are due). Complete the questions
Entrepreneurship & Small Business Management (BUAD 4305.01)
associated with the case and turn in on the required date. The Case Studies are 15% of your course grade.
3. Final Course Paper: A Final Paper Guide will be provided at Class 6, Thursday, September 10th. While small business is certainly a key area of this class, the 11th edition has transitioned from the focus on small business management to place more emphasis on the entrepreneurial process. Therefore, the guide handed out to you on September 10th, will provide you with an opportunity to examine all of the chapters covered in class and build your final paper throughout the class – as key areas surface. Topics, but not limited to, that should be covered include: e-commerce, managing cash flow, leadership, staffing, sources of equity financing, risk analysis, business planning, forms of ownership, spirit of innovation, ethics and social responsibility. Do you have what it takes to be one of those driven, committed, innovative, socially responsible entrepreneurs who thrives on discovering economic growth? Once you have completed the Final Course Paper, you will have discovered the process on how the entrepreneur creates economic prosperity.
Your instructor places no premium on length of the final paper. The estimated length of the paper should be approximately 12 pages – excluding the cover page and bibliography. Content coverage is the key to ensuring mastery of the subject matter. Organization of the material is essential. Flow of the material in an organized manner causes the reader to “want” to read more.
Reminder: The Final Course Paper should contain a cover sheet and a bibliography sheet listing at least three sources. You may use your text book as one source. Please integrate scripture into this paper. The Final Course Paper 23% of your course grade.
4. Chapter Quizzes: There are five quizzes to be completed via Blackboard.
You may access each quiz by going to “Course Quizzes”. Then click on the appropriate quiz. Each quiz is timed. You must take the quiz in one setting. Quizzes are 25% of your course grade.
Quiz # Covers Chapters Open: To be completed by:
1 1 - 3 8:00 a.m. Sep 10th Midnight, Sunday, Sep 13th
2 4 - 6 8:00 a.m. Oct 1st Midnight, Sunday, Oct 4th
3 8, 9, 11 8:00 a.m. Oct 22nd Midnight, Sunday, Oct 25th
4 13, 15, 16 8:00 a.m. Nov 12th Midnight, Sunday, Nov 15th
5 21 - 23 8:00 a.m. Dec 10th Midnight, Sunday, Dec 13th
5. Discussion Boards: There will be three Discussion Boards for this course. The
initial posting will be a sentence or two that asks a profound question drawn from the weekly reading. The initial posting will be posted by the instructor. The
Entrepreneurship & Small Business Management (BUAD 4305.01)
Discussion Board may accessed by clicking the “Discussion Board” link in
Blackboard. The Discussion Boards are 15% of your course grade.
a. Students respond to the instructor’s initial question by submitting a response (between 150 - 200 words) that answers the question. The reply to another
student’s primary posting must begin by naming the individual to whose post you are responding, along with one sentence that summarizes his/her point (should be a minimum of 75 words). This way, a person reading your post will understand to whom you are responding. The original post is worth 75 points; the reply to another student is worth 25 points. The student’s grade will not be posted until the student has both posted and replied.
Discussion Board Post/Reply Submitted
Number Open: No later Than: Comments
1. 8:00 a.m. Sep 17th Midnight, Monday, Sep 21st
2. 8:00 a.m. Nov 5th Midnight, Monday, Nov 9th
3. 8:00 a.m. Dec 3rd Midnight, Monday, Dec 7th In Lieu of Final Exam
b. In lieu of a final exam, the final Discussion Board will be submitted no later than midnight, Monday, December 7th. This Discussion Board should be a minimum of 300 words with one reply of around 75 words. The original
post is worth 75 points; the reply is worth 25 points. The student’s grade will not be posted until the student has both posted and replied.
6. Attendance/Participation
The success of this course is dependent on student attendance and participation. Attendance is essential for every part of this course – every self-assessment, every case study, every quiz, etc.. In some cases, I will ask students (in advance) to lead (or facilitate) the self-assessment and/or case study discussions. Therefore, your attendance and class contributions can positively impact your final grade. Attendance and class participation will count for 9% of your course grade. (See page 2 under “Student Responsibilities”).
General Instructions:
Writing Expectations: The APA Format is the format used in the School of Business. Many of the discussion questions and case studies will require you to research the internet or other appropriate media such as, business journals, magazines or news articles. Appropriate credit should be given to the author of any material you cite or refer to in your response. Other's experience and/or research lend creditability and assists in supporting your opinion. Points will be deducted if a reference is not given for material other than your personal, firsthand knowledge. Remember that even if you only use someone else's ideas and not their words, a reference must be used.
Entrepreneurship & Small Business Management (BUAD 4305.01)
In grading, I will be evaluating on the following items:
- always use the APA Format
- include the cover page
- was your answer clearly and concisely worded and supported by your research
- were references included (include the specific internet site)
- the text should always be used as a reference
- include the “Reference” or “Works Cited” page
- proper use of spelling, punctuation and grammar
- was the minimum word length requirement met for each assignment for the
original answer
Late Assignments: Assignments are due when scheduled. Late assignments may be accepted at the discretion of the instructor, and if accepted, will be graded with a late penalty assessed, -10 points per day late. You must let the instructor know if you have missed an assignment within one day of the due date (by email is fine). If a
late assignment is accepted, a deadline will be given by the instructor for its due date.
Late Tests: If for any reason you are unable to take an exam (or quiz) within the time frame allowed, you must clear the absence with the instructor. Athletes, debate team students, etc., must coordinate their travel schedules ahead of the scheduled assignment/test with the instructor. Late tests may be accepted at the discretion of the instructor, and if accepted, will be graded with a late penalty assessed, - 10 points per day. The difficulty level of make-up exams may be higher than that of the regularly-scheduled exam. Permission to submit a late exam is totally within the purview of the professor. In case of an emergency, you must let the instructor know if you have missed a test within one day of the missed test.
Entrepreneurship & Small Business Management (BUAD 4305.01)
Course Calendar
WK / DATE / CH / Class # / TOPIC / Quiz/Case/Self-Assessment Due1 / T- 8/25
Th – 8/27 / 1
1 / 1
2 / Intro to
Chapter 1 Intro / Overview of course and Lecture
Lecture and Power Points/Class Discussion
2 / T- 9/1
Th- 9/3 / 2
2 / 3
4 / Chapter 2
Chapter 2 Discussion Questions page 69-70 / Lecture and Power Points/Class Discussion
Questions: 2-1 and 2-10
3 / T – 9/8
Th – 9/10 / 3
3 / 5
6 / Chapter 3
Handout Final Paper Guide and discuss
Quiz 1 Chapters 1-3 / Lecture and Power Points/Class Discussion
Handout Final Paper Guide and discuss
Quiz 1 Blackboard (9/10 -9/13)
4 / T – 9/15
Th – 9/17 / 4
4 / 7
8 / Chapter 4
Chapter 4 Discussion Questions, page 136
Discussion Board 1 / Lecture and Power Points/Class Discussion
Questions: 4-2 and 4-6
Discussion Board/Blackboard (9/17 – 9/21)
5 / T – 9/22
Th – 9/24 / 5
5 / 9
10 / Chapter 5
Case Study 1; page 143 / Lecture and Power Points/Class Discussion
Class Discussion/Analysis Case 1
6 / T – 9/29
Th – 10/1 / 6
6 / 11
12 / Chapter 6
Chapter 6 Discussion Questions, page 199-200
Quiz 2 Chapters 4 - 6 / Lecture and Power Points/Class Discussion
Questions: 6-4 and 6-8
Quiz 2 Blackboard (10/1 – 10/4)
7 / T– 10/6
Th – 10/8 / 8
8 / 13
14 / Chapter 8
Case Study 2; page 253 / Lecture and Power Points/Class Discussion
Class Discussion/Analysis Case 2
8 / T – 10/13
Th – 10/15 / 9 / 15
xx / Chapter 9
Fall Break – no class / Lecture and Power Points/Class Discussion
Fall Break – no class
9 / T – 10/20
Th –10/22 / 11
11 / 16
17 / Chapter 11
Chapter 11 Discussion Questions, pg. 373-374
Quiz 3 Chapters 8, 9, & 11 / Lecture and Power Points/Class Discussion
Questions: 11-3 and 11-4
Quiz 3 Blackboard (10/22 – 10/25)
10 / T – 10/27
Th –10/29 / 13
13 / 18
19 / Chapter 13
Chapter 13 Discussion Questions, page 452 / Lecture and Power Points/Class Discussion
Questions: 13-3 and 13-6
11 / T– 11/3
Th– 11/5 / 15
15 / 20
21 / Chapter 15
Discussion Board 2 / Lecture and Power Points/Class Discussion
Discussion Board/Blackboard (11/5 – 11/9)
12 / T – 11/10
Th – 11/12 / 16
16 / 22
23 / Chapter 16
Chapter 16 Discussion Questions, page 550
Quiz 4 Chapters 13, 15, & 16 / Lecture and Power Points/Class Discussion
Questions: 16-1 and 16-4
Quiz 4 Blackboard (11/12 – 11/15)
13 / T – 11/17
Th – 11/19 / 21
21 / 24
25 / Chapter 21
Case Study 3; page 723 / Lecture and Power Points/Class Discussion
Class Discussion/Analysis Case 3
T– 11/24
Th – 11/27 / xx
xx / Thanksgiving – no class
Thanksgiving – no class / Thanksgiving – no class
Thanksgiving – no class
14 / T– 12/1
Th – 12/3 / 22
22 / 26
27 / Chapter 22
Chapter 22 Discussion Questions, page 780
Discussion Board 3 / Lecture and Power Points/Class Discussion
Questions: 22-1 and 22-3
Discussion Board/Blackboard (12/3 – 12/7)
15
16 / T - 12/8
Th- 12/10
T - 12/15 / 23
23 / 28
29
30 / Chapter 23
Quiz 5 Chapters 21, 22, & 23 Flex-Quiz
Final Course Paper/due instructor’s office / Lecture and Power Points/Class Discussion
Quiz 5 Blackboard (12/10 – 12/13) Flex-Quiz
Final Course Paper/due instructor’s office
Revised 8/2015/skb