The IBE consists of 4 courses (12 credits) taken as a block by a cohort of students over one semester. The four courses consist of the following:
- MGMT 230 (Principles of Management),
- MRKT 210 (Principles of Marketing),
- FINA 362 (Business Finance), and
- BUS 397 (IBE practicum) which entails students developing, launching, managing, and closing a business as a class.
Students write and present a business plan to officers from United Prairie Bank as they seek financing for their start-up company. Most majors allow students to use the IBE practicum as an elective. (If you are a non-Business major, please confirm this with your major advisor/department prior to applying for the IBE program) Students must be concurrently enrolled in the IBE practicum and the sections of FINA 362, MGMT 230, and MRKT 210 that are specifically designed for IBE students.
IBE Courses (12 credits):
BUS 397 (3) IBE Practicum
An applied course that entails developing, launching, managing, and closing a business with the cohort of students enrolled in the class. Students write and present a business plan as they seek financing for their start-up company. The business start-up experience creates a real-world context in which students can practice the concepts introduced in MGMT 230, MRKT 210, and FINA 362. BUS 397 is part of the United Prairie Bank Integrated Business Experience, and students must enroll concurrently in BUS 397 and sections of FINA 362, MGMT 230, and MRKT 210 that are designated for IBE students.
FINA 362 (3) Business Finance
An introduction to finance relating to problems, methods, and policies in financing business enterprise.
MGMT 230 (3) Principles of Management
This course examines basic management concepts and principles, their historical development, and their application to modern organizations. Topics covered include planning, organizing, decision making, leadership, control, and organizational change. In addition, the course includes an introduction to business ethics and social responsibility, human resource management, organizational design and organizational behavior.
MRKT 210 (3) Principles of Marketing
This course provides a basic understanding of marketing concepts with emphasis on the pricing, promotion, and distribution of need satisfying products and services in domestic and international markets. The format of the course consists of lectures, case discussions, application exercises, projects, exams, and in-class group assignments.