COLLEGE OF BUSINESS Curriculum Committee September 11, 2007 2:00 p.m. 2007-08 #1 Present P. Prabhaker (chair), K. Mantzke, R. Miller, D. Rau, J. Nenonen (for K. Judson), G. Aase, K. Slattery, S. Kispert (for L. Marcellus), S. Wakefield Introductions Members introduced themselves. An undergraduate student representative has yet to be selected. Faculty Asst Chair/Secy Gerry Aase will serve as assistant faculty chair and secretary for the 2007-08 academic year. Guidelines for Revisions/Catalog Deadlines The guidelines for curriculum revisions were reviewed, and the deadlines for submission of materials for both the Undergraduate and Graduate Catalogs were announced. Departmental Curriculum Minutes Members were reminded of the importance of forwarding to the Dean’s Office copies of departmental curriculum committee agenda and/or minutes. Curriculum Inventory Assessment Survey Sally Wakefield presented the results of the 2007 Curriculum Inventory Assessment survey completed by faculty members teaching undergraduate courses. The purpose of the survey was to identify where and how the learning outcomes/objectives and international topics are covered across the college curriculum. With minor revisions to the format, the survey is expected to be administered again in approximately three years. (The COB Learning Outcomes/Objectives are attached as Appendix A.) Committee Mission/ Scope of Duties Members were asked to review the College Curriculum Committee Mission Statement and Scope of Duties. Any suggestions for revision should be forwarded to Paul Prabhaker for discussion at the next meeting. CIUE Due to a course scheduling conflict, Chuck Downing won’t be able to serve on CIUE. Brian Mackie will replace him on the committee. FINA 395 The committee discussed a proposed revision to the BS in Finance, adding FINA 395 to the courses required of all majors. Also proposed was the deletion of the S/U grading from FINA 395. Further discussion will continue at the next meeting. Future Agenda Items Items touched on briefly, to be discussed at future meetings: departmental mission statements; programs not housed in a specific department; a grade of C or better to graduate. Adjournment The meeting adjourned at 3:05 p.m. Next Meeting The next meeting is scheduled for Tuesday, September 25, at 2:00 p.m. Minutes approved: September 25, 2007 _____________________________________ Gerald Aase, Assistant Faculty Chair/Secretary GA:cw Copies to: Vice Provost; Committee on the Undergraduate Curriculum; Director of Admissions; Graduate Council Curriculum Committee; University Publications; Career Services; Student Affairs; University Archives; College Curriculum Committees; Student Association; Registration/Scheduling; College of Business Faculty APPENDIX A NIU COLLEGE OF BUSINESS (COB) LEARNING OUTCOMES – OBJECTIVES BUSINESS COMMUNICATION LEARNING OUTCOME BUSINESS ETHICS LEARNING OUTCOME TECHNICAL EXPERTISE – COMMON BUSINESS KNOWLEDGE (CBK) LEARNING OUTCOME PROBLEM SOLVING LEARNING OUTCOME LEARNING OBJECTIVES: LEARNING OBJECTIVES: LEARNING OBJECTIVES: LEARNING OBJECTIVES: 1. 1. 1. 1. 2. 3. All COB majors will be expected to understand the process of written and oral communication, including the ability to determine purpose and form, analyze the audience, adapt message to purpose and audience, gather relevant information, organize information, compose a draft, revise, proofread, and evaluate. All COB majors will be expected to apply written business communication processes to prepare common business document – letters, memos, reports, proposals. All COB majors will be expected to analyze business situations and respond appropriately in form, content, and format. 2. COB graduating seniors will have an awareness of personal values and business ethics, identification of ethical issues, decision alternatives, decision consequences, and corporate responsibility. COB graduating seniors will be able to recognize the impact on different stakeholders with respect to identification of ethical issues, decision alternatives, and decision consequences. 2. 3. 4. 5. 6. COB undergraduate majors will be able to understand how companies approach business problems. COB undergraduate majors will be able to demonstrate qualitative and quantitative reasoning and skills to address business problems. COB undergraduate majors will be able to apply problem solving processes to resolve common business problems effectively, including the ability to: ¾ Analyze situation to identify critical factors that contribute to business problems ¾ Formulate potential solutions ¾ Evaluate feasibility and potential outcomes ¾ Understand how to execute the solution ¾ Monitor and evaluate progress toward solution ¾ Alter the solution path as necessary. COB undergraduate majors will be able to recognize the interdependent nature of most business problems in terms of expertise, control/influence, and resources. COB undergraduate majors will be able to gauge the scope, urgency, and severity of business problems, which are frequently situation- or content-specific in businesses. COB undergraduate majors will be able to devise suitable approaches to business problems in regard to methodology and timeliness. 2. 3. 4. 5. Finance: COB undergraduate majors will be expected to learn the management and control of money and money-related operations within a business: ¾ Time value of money ¾ Capital budgeting ¾ Risk and return ¾ Stock and bond valuation Management: COB undergraduate majors will be expected to learn how to get work done through others by the four classical functions of management – Planning, organizing, leading, and controlling: ¾ Human resource mgmt ¾ Control systems ¾ Leadership & motivation ¾ Job & organizational design Marketing: COB undergraduate majors will be expected to learn the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create and keep customers: ¾ The Four Ps: Product, price, promotion, and place ¾ Selling and sales/marketing management Operations: COB undergraduate majors will be expected to learn the design and management of systems that transform inputs into outputs of greater value: ¾ Supply chain management ¾ Quality management ¾ Service operations COB undergraduate majors will be expected to apply the cross-functional relationships among the four principles through the interdisciplinary application of business principles. TECHNOLOGICAL EXPERTISE LEARNING OUTCOME LEARNING OBJECTIVES: 1. 2. 3. 4. 5. COB undergraduate majors will be expected to demonstrate the ability to conduct web searches as part of case analysis and projects. COB undergraduate majors will be expected to demonstrate the ability to create and use spreadsheets as part of a decision support system. COB undergraduate majors will be expected to demonstrate the ability to create a database environment and use the database to generate both ad hoc and formal reports. COB undergraduate majors will be expected to demonstrate the ability to produce professional reports using current software packages. COB undergraduate majors will be expected to demonstrate the ability to understand enterprise information systems.