Integrated Business
Experience (IBE)
Learn Business.
Develop Business Solutions
Integrated Business Experience
 Designed to Allow You to Apply What You are
Learning
 Two Parts
< Integrating Four Required Core Courses
< Practicum
Integrating Courses
MGMT
330
FINA
362
Integrated
Business
Experience
MRKT
310
MGMT
346
Integrating Courses
 Use the Same Material as Other Sections of
these Courses
 Change is Interwoven Scheduling
< Classes scheduled together as a block
< Actual teaching schedule depends on needs of course
 Content for one course could take more than 75 minutes in a
day if it is needed for a topic
 Other days the course content could be less, or even none
 Focus of Scheduling is Just-In-Time Learning for
the Practicum
Example of a Weekly Schedule
Time
Mon. of Week 3
Time
Wed. of Week 3
9:30-10:15
Ratio Analysis III
9:30-11:20
Quality Assurance I
10:15-10:25
Break
11:20-11:30 Break
10:25-11:30
Business Ethics I
11:30-1:00
Quality Assurance II
11:30-12:10
Lunch Break
1:00-1:40
Lunch Break
12:10-1:55
Organization Change
1:40-2:50
Quality Assurance III
2:05-3:15
Market Research I
3:00-4:15
Practicum
3:00-4:15
Practicum
Experience
 …most management practitioners believe that it is
best to learn and develop softer skills through
practice with feedback…
-Pg. 23, Business Schools on an Innovation Mission
AACSB International Task Force Report, 2010
Practicum Structure
(FINA/ACCT/IBUS/MGMT MRKT 499 )
MBA
Advisor
Course
Content
StudentRun
Company
Faculty
Advisors
Finance/Acct
Operations
Business
Operations
Management
Student
Company
Other
Functions
Operations
Charity
Operations
Other
Functions
Course of the Practicum
Organize
Company
Develop
Business
Plan
Apply for
Loan
Manage
Business
Assess
Details-Fall IBE
 9:30-4:15 MW
 You must apply for the program
< Ensure that you are or will be admitted to the COB*
< Application will be in MH 150
< Will take applications before registration starts so you
can guarantee access to the classes
 You must take all five classes simultaneously
 *Business minors and those in business-related
programs may be approved, but COB students
have priority access to seats
Application
 The report also strengthens the argument for
business schools to be tightly integrated in both
academic and practice communities. We should
move beyond debates about how far “the pendulum”
should swing…
-Forward, Business Schools on an Innovation Mission
AACSB International Task Force Report, 2010
Phase I: Organize the Company
 First Two Weeks
<
<
<
<
<
<
Team Expectations Contract
Temporary Elections
Company Expectations Contract
Company Leadership Elections
Company Rosters
Company Minutes & Action Items
 Organization is completed during phase II
< So the organizational structure reflects the idea
Phase II: Develop The Business Plan
 Next Three Weeks
<
<
<
<
<
<
Preliminary List of Business Ideas
Preliminary List of Charity Ideas
Business SWOT
Service SWOT
Final Decisions on Business and Service
Develop Mission Statement
 Form Functional Groups
 Develop Organizational Chart
 Develop Financials and Inventory Plan
 Develop Final Business Plan
Phase III: Apply for a Loan
 Weeks 6 and 7
 Create a Presentation from Business Plan
 Practice Presentation
 Turn in Loan Documents
 Present to Bank Loan Team
 Presentation may also include outside parties
< Make necessary changes to get loan approved
 If get a loan, complete necessary final paperwork
 Final run-through of Accounting and Control
Systems
Phase IV: Manage the Business
 Rest of the Semester
 Manage the Business
 Develop ongoing Reviews of Progress
 Periodic Reporting of Inventory to the Bank
 Develop a Personal IBE Reflection
 Pay off Loan
 Donate the Rest to the Chosen Charity
 Complete a Company Annual Report
Phase V: Assess
 Last Week of Class
 Supervisor Feedback
 IBE Course Evaluations
 IBE Practicum Debrief
 Peer Evaluations
 Final Presentations