ASSESSMENT UPDATE FOR TOWSON ACADEMIC PROGRAMS Programs: Business Administration and e-Business majors Department (if applicable): College of Business & Economics (CBE) Department Chair (if applicable): Dean Shohreh Kaynama and Associate Dean Louise Laurence Program Director or Coordinator (if applicable): Assessment Coordinator: Doug Sanford Date this report is completed: May 8, 2007 Please provide information on at least three but no more than SIX learning outcomes. Complete one page for each learning outcome. In this report, I am combining the Business Administration and e-Business majors, as they have the same core courses and learning goals. I am changing the format from the template. There are quite a few specific learning goals that are measured, so I will present information in the aggregate for each of the seven steps. The reason for this is primarily that our assessment program is guided by the AACSB, our field-specific accrediting agency. Our interpretation of AACSB assessment guidelines is that we have a number of areas that we assess (ex. Communication skills, ethics, technology, accredited business content…) and within each area we have a number of specific sub-statements. Assessment Report for Learning Goals 1. What is this learning goal? What knowledge, skill, or attitude do you want your students to be able to demonstrate AFTER they complete your program? If you would like your learning goals to be named a “best practice,” please attach evidence that they are clearly and actively communicated to students and faculty in the program. We promise students that they will learn, or at least have an opportunity to learn, the knowledge, skills and attitudes (KSAs) listed on the CBE website (http://wwwnew.towson.edu/cbe/current/profile.asp) and below in Exhibit 1. The KSAs are also listed in the university catalog (p. 59 of the 2006-2007 catalog) and frequently reported to students in official mailings. An informal poll in sections of the capstone class confirms that students are aware of the KSAs. In addition, our external stakeholders, including internship supervisors, the CBE advisory board are aware of and support these learning goals. As shown on Exhibit 1, the KSAs are grouped into nine categories: communication - written, spoken, graphic, and electronic; thinking - critical, creative, and integrated; technology; ethics and values; accredited business content; diversity - international and demographic; practical excellence; leadership, entrepreneurship, and community service; and job experience and career development. Within each category are from three to nine substatements. There are 49 of these substatements, each of which is assessed. There is one KSA category that we have expanded upon because it refers to the content that we teach in our curriculum. It is number 5, accredited business content. For this KSA category, we have developed a series of learning goals for most of our core courses. These are presented in Exhibit 2, as publicly shown on the CBE website (http://wwwnew.towson.edu/cbe/Files/programs/undergraduate/ctcbk.pdf). These content-oriented learning objectives include 63 objectives distributed over 14 core courses. 2. How do you ensure that ALL students in your program have the opportunity to achieve the learning goals before they complete the program? In what course(s) do they learn this? What assignment(s) or other learning activities highlight this goal? We have developed a matrix for covering the KSAs in core courses, shown in Exhibit 3. Most KSAs are covered at least twice in the curriculum. Some of the career development and practical development KSAs are covered only once in courses that are specially designed to deliver this content. These courses include the “cornerstone” course 1 (Business Excellence 301) and our “practicum” course (Business Excellence 460) that requires students to do an internship and develop their professional managerial skills within this authentic business environment. One KSA, 8d “Perform community service” is only covered in upper-level required courses. Most students take MNGT 482, Business Ethics and Society, which includes a community service component. This course is a requirement for five out of our 7 tracks and concentrations in the Business Administration major. The legal studies track, the Marketing concentration and the e-Business major have not officially adopted a method for covering this KSA in their curricula. This is an area we are working on. For the content-specific learning objectives listed in Exhibit 2, coverage of the learning objectives is done in the associated courses. To ensure that all KSAs and content learning objectives are covered, CBE has adopted a policy of syllabus consistency. All sections of all core courses will be required to list common elements, including the KSAs and content learning objectives associated with the course. Our syllabus consistency template is included in Exhibit 4. 2 3. How are you CURRENTLY assessing how well your students have achieved the learning goals? How often are you conducting this assessment (e.g., every semester, every other year)? Please attach examples of your assessment tools (e.g., assignments, grading criteria, scoring guidelines, and surveys). If you would like your assessment methods named a “best practice,” please summarize evidence that assessment methods yield truthful, fair information that can be used with confidence. We assess the KSAs using course embedded instruments. The KSAs are assessed in the core courses over a 3 year period, with the 2006-2007 academic year the third year. As of this year, we will have assessed all the KSAs once. The schedule of the KSAs assessed in the 2006-2007 academic year is shown in Exhibit 5. For the 2006-2007 academic year, 32 of the 49 substatements are assessed. In the sections below, I will refer to each KSA by number. For example, KSA 1e is the fifth KSA of the first category, or “Generate appropriate visual aids.” Our process is to conduct the assessments in the fall semester. In the spring semester, faculty collect the data from students in all sections of a course and fill out a report. The report form is shown in Exhibit 5. The report includes information about the assessment instrument used, the percent of students who demonstrated learning, and what faculty learned from the assessment results. The assessment instruments and scoring criteria are developed by the faculty who teach the courses. Faculty determine the evaluation criteria. Faculty also assess whether the instrument is SMART (specific, measurable, attainable, realistic, and time-related). As shown in Exhibit 6, there are 13 courses for which faculty were to have submitted reports. As of the date of this report, I have received reports for 11 courses. Of the courses remaining, Accounting 201 and Legal Studies 225 are delayed because the assessment will occur during final exam of the spring 2007 semester. For the content-specific learning objectives, there is a program requirement that all students take a comprehensive exam. Our locally developed “homegrown” exam – the CBE comprehensive test of core business knowledge, has items that measure student understanding of each learning objective. The exam counts for 10% of the grade for students in our capstone course. For the eleven courses that have submitted reports, the following assessment methods apply: Accounting 202 KSA 5b – Students were asked to complete, independently, a performance evaluation problem that connects accounting numbers to the design of compensation packages of managers. Evaluation was based on whether students could capture the relevant accounting numbers and whether students could identify the possible bias if insufficient information were used in the evaluation. Suppose that you are the Human Resources manager of the Advanced Consulting Inc. Advanced Consulting Inc. has two consulting offices in Japan: one in Osaka and the other one in Yokohama. The company evaluates performance using residual income and the minimum required rate of return for any office is 15%. Selected data on the two offices follow (in millions of Yen, denoted by ¥): Office 21% 7% 3 60,000 ROI Margin Turnover Residual Income 6. Is Yokohama office better managed? a. Yes. As the net income of Yokohama office is higher b. Yes. As the residual income of Yokohama is higher. c. No. As the ROI of Yokohama office is lower. d. No. As Yokohama office is simply a bigger office. 3 18% 8% 2.25 120,000 e. I can’t decide Correct answer is either a, b, or c 7. Assume that only ROI is used to measure the managers’ performances. Suppose that Osaka office can increase both sales and net operating income by purchasing advanced office automation equipments and computers. The updated ROI after this purchase will be 18%. Will the manager of Osaka office likely take this opportunity? a. Yes b. No c. Not sure Correct answer is either a or c. KSA 9e – Students were asked to answer 5 questions in regard to their preparedness for major and career (see below). 1. I have already decided on my major 2. I have already decided on the career to pursue after I graduate (If your answer to question 2 is yes, please answer question 3. Otherwise go to question 4) 3. I think that I am prepared for the career 4. I think that I am prepared for taking higher level business courses 5. I think that the materials I learned in this course will be useful in my future career. The attainment of the KSA is indicated by affirmative answers to 1 and/or 3. Faculty evaluation of the instruments as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Business Excellence 301, KSA 9d Students were asked to choose a career they’d be interested in pursuing, then interview a professional who has this career. Ask about the knowledge, skills, and attitudes necessary to successfully perform the duties required for this career. As part of the assignment, the student develops an action plan, explore internships for the BUSX 460 Professional Experience course, and attend three College of Business and Economics Professional Development events. In reviewing the assignment, faculty assessor considered whether the student: submitted a professionally quality written business document asked questions necessary for a productive informational interview could take the interview information and turn it into an Action Plan could find internship prospects that meet their career goals Faculty evaluation of the instrument as SMART 4) In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Yes_____ No_X____ 4 Measurable Attainable Realistic Time-related Yes__X___ Yes___X__ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ If “No” is checked for any of the areas above, how will you change the assessment information and/or procedure to meet the SMART criteria? We will need grade individual report sections, so we can see how the students perform the particular skills: the interview, the action plan, and internships individually. I think we would find the students perform the interview and internship sections better than creating the action plan. We will also make the action plan section more specific, echoing the assignment in BUSX460; the new Action Plan section will ask the student to identify a professional skill goal, the strategy for reaching the goal, and plans on evaluating success in reaching the goal. KSA 2c Research paper assignment rubric Content Assessment 1. Subject Content 10--Excellent content, articulate discussion 8--Good content, good discussion 6--Adequate content, fair discussion 3—Weak content, limited discussion 0--Poor content, limited discussion 2. Critical Thinking and Analysis 5--Excellent analysis of content, identifies of relevant issues, draws supported conclusions 4--Good analysis of content, identifies most relevant issues, draws supported conclusions 3--Adequate analysis of content, identifies of some important issues, draws supported conclusions 2--Weak analysis of content, inadequately identifies of relevant issues, draws weakly supported conclusions 0--No Analysis of Content or strong conclusions drawn 3. Use of Sources 5--Cites three or more sources both verbally and on slides to support content 4--Cites at least two sources both verbally and on slides to support content 3--Cites at least one source both verbally and on slides to support content 2--Sources are poor or not clearly cited 0--No sources used to support content Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Business Excellence 460 KSA 5c I reviewed each student’s portfolio. They are required to provide a summary of how they met a specific KSA and needed to providing supporting document. The students are required to select 5 out of the 9 KSAs. With that in mind, I realized in some cases there would be some overlap. 5 As long as the student was able to provide a sample plus supporting documentation in their summary, I considered the student to have achieved a level of competency. . Did the review demonstrate that students completed the assessment information in a consistent manner across all sections? Yes No If “No,” what changes will be made to the procedure to assure better consistency of assessment information? For BUSX460 we allow the students to select 5 out of the 9 KSAs. As a result, 4 students did not select this KSA. 2 did select the KSA but were not able to provide documentation that demonstrated the relevance of each business discipline in today’s business world. Based on this assessment, changes will be made requiring students to be able to complete this KSA. 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Faculty evaluation of the instrument as SMART Specific Yes__X__ No_____ Measurable Yes__X__ No_____ Attainable Yes__X__ No__ __ Realistic Yes__X__ No__ __ Time-related Yes__X__ No_____ KSA 1c I reviewed each student’s portfolio. They are required to provide a summary of how they met a specific KSA and needed to providing supporting document. The students are required to select 5 out of the 9 KSAs. With that in mind, I realized in some cases there would be some overlap. As long as the student was able to provide a sample plus supporting documentation in their summary, I considered the student to have achieved a level of competency. Did the review demonstrate that students completed the assessment information in a consistent manner across all sections? Yes No If “No,” what changes will be made to the procedure to assure better consistency of assessment information? This particular KSA required that the students showcase the usage of graphic, spreadsheet and financial analysis in the internship they completed. Depending on the internship, some students did not specifically use graphics or spreadsheets. However, they were able to communicate using other tools. I have highlight each one. Also in three cases, the students used classroom assignments to highlight this specific KSA. This is an option offered to students who are unable to provide us with data from their internships since there are confidentiality issues with certain companies releasing information. Also, we had students in sales positions. These students were also not required to develop spreadsheet or financial analysis. In the future, I would recommend not using a KSA that is narrow in scope. Since this class is for all BUAD majors, we need to take into consideration what will be used by the majors in the workplace. Faculty evaluation of the instrument as SMART Specific Measurable Attainable Yes__X__ Yes__X__ Yes_____ No_____ No_____ No__X__ 6 Realistic Time-related Yes_____ Yes__X__ No__X__ No_____ If “No” is checked for any of the areas above, how will you change the assessment information and/or procedure to meet the SMART criteria? The assessment must take into consideration the variety of internships acquired by our students. With that in mind, we will need to broaden the definition of graphics to encompass a variety of presentation material. e-Business 311, KSAs 3a and 3c Different sections used different assignments to assess student skills with business software and electronic services. Faculty evaluation of the instrument as SMART Specific Measurable Attainable Realistic Time-related Yes__X__ Yes__X__ Yes__X__ Yes__X__ Yes__X__ No_____ No_____ No__ __ No__ __ No_____ Finance 331 For KSAs 2f, 2g, 4a, 4b, and 4c, multiple choice questions on the final exam For KSA 2f, a set of 6 questions are assigned to test whether students can develop several workable solutions to a problem. We set 90% of the aggregate level of competence in this set of question. For instance, if the aggregate score reaches 80%, we believe students, in general, achieve KSA 2f (100%). For KSA 2g, one question is assigned to exam is students demonstrate common sense. We set 60% as the aggregate level of competence in this question. For instance, if the aggregate score reaches 50%, we believe students, in general, achieve KSA 2g (100%) For KSAs 4a, 4b, and 4c, one question is assigned to examine students’ knowledge on ethical behavior and response. This is a new concept in FIN331 and we are testing the appropriate format to assess this question. We set 70% as the aggregate level of competence in this question. For instance, if the aggregate score reaches 60%, we believe students, in general, achieve KSA 4a, 4b, and 4c (100%) Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Management 337 KSA 3b – Students were given the following instructions: Use Microsoft Project Demonstrate the creation and use of: 7 Project Tasks, Duration, Resources, Linked tasks Evaluation criteria – Students were able to complete the assignment. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ KSA 7b – Assessed using three final exam questions A tee shirt, cut-offs and sandals are fine for business casual. a) true b) false Avoid making eye contact during an interview. a) true b) false Which of the following is not a good interview technique? a) b) c) d) Relax and be yourself. Always have questions to ask the interviewer. Ask about salary and time off. Send a thank you note or e-mail after the interview. Evaluation criteria – correct answers are false, false, and c. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Management 361 KSA 8c Exam Question: Describe the characteristics of managers, entrepreneurs, and leaders. How do these three types of positions differ from each other? 8 Evaluation criteria – student shows an understanding of the difference between managers, entrepreneurs, and leaders. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ KSA 8e Class assignment - “Briefly describe (in about two pages) a leadership experience you have had and how you used that experience to help develop the leadership potential of others” Evaluation criteria – student authentically describes a relevant leadership experience. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Management 365 KSA 1f – Instructor will have one written assignment in assignments, projects assigned in class Evaluation criteria – instructor will grade a written assignment for written structure Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ KSA 2h – The instructor will use the ability to use and apply past information to the class as a measure of the ability to demonstrate continuous learning. Evaluation criteria – students will be able to construct a Pareto diagram from a given data set. Faculty evaluation of the instrument as SMART 9 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Management 375 KSAs 4d, 4e, 6e (two questions each of the following 6 questions) KSA items for MNGT 375 Fall 2006 1) Suppose you belong to a firm that has invented a new electronic device. The device is quite complicated and uses off-the-shelf technology. After doing some research, you discover that your device infringes on about 200 existing patents. Each patent holder is likely to ask for 1% of revenues from your new device as a royalty payment. How should your firm ethically handle this situation? a. b. c. d. Drop the invention, as the patent royalty payments are so large that it will be impossible to make a profit. Market the invention and only offer payment to those patent holders who sue you for patent infringement. The payment would be negotiated as part of a settlement of the infringement suit. Wait until the patents expire and then market the invention. You would only have to wait ten years or so, and while your invention would not be quite as cutting-edge, you would at least not be infringing on existing patents. Approach the existing patent holders and explain to them the situation. Negotiate a smaller royalty payment that enables you to market your invention and make a reasonable profit. 2) Assume that you are CEO of a Canadian firm that makes soccer balls and has plants in multiple countries. In one of these other countries, it is legal to employ children aged 12 to work in your factories. In Canada, the legal age of employment in your factories is normally 18 because the employment interferes with school. Your company would like to follow Canadian laws in its operations outside of Canada. There are activist groups in Canada who would object to your company’s employment of child labor in another country. However, it is also true that employment of 12 year-olds in the other country benefits the children and their families. The children earn enough to feed their families. Your firm faces strong competition, so it does not earn large profits. What would you say is the most ethical way to manage operations in the foreign country? a. b. c. d. Hire only adults as that would limit conflict with the Canadian government, stockholders, and other activist groups in Canada. Hire the minors, but allow for them to attend school after hours. Included in your employment package would be free tuition at a local school. Hire the minors and do not offer them a tuition package. They benefit from their salaries and their working promotes a healthy work ethic. Hire only adults and offer tuition packages for their children. The company would avoid criticism at home and children in the “company family” would be adequately educated. 3) Assume you are the leader of a 4-person group working hard to prepare a report due in a week. One group member has a death in the family and plans to be away for three days. Which of the following options is most consistent with a “win-win” attitude? a. Explain to your supervisor the situation and ask for an extension. If granted, all group members would have an opportunity to contribute to the report to the best of their abilities, and the report would be of high quality. 10 b. c. d. Do your best to finish the report without the group member. Do not notify your supervisor. While the report will not benefit equally from all group members’ efforts, the circumstances are unavoidable. Approach the group member with the death in the family and ask the person not to leave. This is a crisis situation, and it would be unfair to the rest of the group to leave them to do the work. Do your best to finish the report without the group member. Notify your supervisor that one group member left for personal reasons at a critical time, and that any deficiencies in the report are due to his lack of contribution. 4) Assume you are the CEO of a biotech firm that is just beginning to produce drugs for the market. You have a number of drugs in late stages of the regulatory approval process. Your firm has been successful at developing a number of drug candidates that address a variety of medical needs. Your highest priority is to get drugs to market most quickly. The approach most likely to be a win-win approach is to: a. b. c. d. develop the drugs that your research team tells you are easiest to produce. This approach will likely minimize your costs. develop the drugs that your marketing team tells you are most in demand by the market. This approach will most likely maximize your revenues. develop the drugs in alphabetical order. This ordering is least likely to upset anyone. arrange regular meetings between your research and marketing teams. The purpose of these meetings is to agree on priority drugs that best minimize cost and are in demand by the market. 5) Assume you are a US citizen working for a US-headquartered publishing firm that has operations around the world. You have just been selected for an expatriate assignment in the Philippines. Success in your expatriate assignment depends on interacting as a business professional with Filipinos. To prepare for this assignment, the BEST activity you could do is to: a. b. c. d. read magazine articles about the Philippines. study Spanish, a language spoken by many business professionals in the Philippines. take a course on Philippine business culture that includes cues as to proper and improper behavior. study maps and history of the Philippines, as local knowledge will impress Philippine colleagues and give opportunities for conversation. 6) Assume you are a marketing expert in a toy company. You have just been selected to be part of a team that will develop a new line of toys. Included on the team is a finance expert. It is well known that marketing experts and finance experts think differently. In order for your team to be successful, how should you approach your team assignment? a. b. c. d. Take control of the team because new product development is best done by marketers. Let the finance expert take control of the team. That person’s analysis will be effective, and you will be able to sell whatever is devised. Divide up the work so that you and the finance expert work on different tasks. Because you think so differently, it is best to limit direct contact in order to minimize the chance of conflict. Work together on the project as equals. Your expertise and that of the finance expert are complementary. You both have the potential to learn from each other. Evaluation criteria – the correct answers are d, b, a, d, c, d For KSA 4d Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Yes__X___ Yes__X___ No_____ No_____ 11 Attainable Realistic Time-related Yes_____ Yes__X___ Yes__X___ No__X___ No_____ No_____ If “No” is checked for any of the areas above, how will you change the assessment information and/or procedure to meet the SMART criteria? Question 2 of our assessment was, we think, above the level of understanding required of undergraduate students. We will replace this question in future assessments. For KSAs 4e and 6e Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Management 481 KSAs 1b, 8a, 8e KSA items for MNGT 481 Fall 2006 semester 1) Imagine you are making a team presentation to a client. Yours is one of six teams who are competing for a contract. It is important for your presentation to be “seamless,” or not have any breaks in the flow of logic from presenter to presenter. You are the third of four presenters. The second presenter on your team makes an unexpected break from the plan, and ends his part of the presentation. If you present as you had planned, the audience is likely to be confused because it does not connect with the previous presenter. You should: a. b. c. d. begin your presentation with a joke and then proceed with your planned presentation, as this would make your part of the presentation most coherent. begin your presentation as planned. The break in logic with the second presenter would be his fault, and he, not you, would be blamed. begin your presentation by connecting with the point made by the second presenter, and do your best to connect with your previously planned presentation. This approach may risk the coherency of your part of the presentation. begin your presentation with the statement, “I apologize for this break in the flow of our presentation,” and then continue with you planned presentation. The clients will appreciate your honesty and may overlook the flaw in your presentation. 2) Assume you are in the middle of a presentation and forget what to say. You should: a. b. silently stall for time, a few seconds, by looking at your notes. You could either remember what you were going to say or think through a reasonable alternative. stall for time by telling a joke. This will avoid an embarrassing silence. After the joke, continue as best you can. 12 c. d. apologize for the delay and explain that you forgot your next point. The audience may understand and be willing to forgive you as you struggle on. pace across the room while you think of what to say. The movement will distract the audience so that they may not perceive your difficulty. 3) Assume you are the leader of a 4-person group working hard to prepare a report due in a week. The group members are suffering from a lack of motivation. You should: a. b. c. d. ignore each group member because they are adults and understand their responsibilities. They will find a way to complete their parts of the report somehow. send an e-mail message to each group member notifying them that if they do not work harder, you will penalize them by putting an unfavorable letter in their personnel files. meet with each group member and tell him or her to relax. The report will be done better if all are relaxed and can be creative. meet with each group member informally, one-on-one, and discuss with them the importance of this report. 4) Assume you are the CEO of a biotech firm that is losing money. Your stock of capital is running out. Your top researchers are leaving to join other firms. Your sources of funding are drying up. You should: a. b. c. d. resign and look for work with other firms. This firm is obviously without any prospects for success. meet with your remaining employees and funders. Identify the key problems of the firm and its strengths. Work with these groups to devise and implement solutions. Work to identify new sources of capital. This is clearly the most important problem because new capital is what the firm needs to survive. work to limit the loss of top researchers to other firms. This is clearly the most important problem, and solving it will enable the firm to survive. 5) Assume you are the CEO of a publishing company. The company thrives by encouraging authors to write successful books, which it publishes. The primary relationship that these authors have with the company is with the company’s editors. As CEO, you can best facilitate the work of editors by: a. b. c. d. offering big bonuses to editors that succeed, but offer no other support in order to minimize cost. criticizing editors that do not succeed. By using them as examples, you can encourage other editors to work hard in order to avoid criticism. offering training seminars and other means by which successful best practices in managing author-editor relationships are shared. instilling a formal performance evaluation system that tracks the weekly performance of each editor. These reports are used to single out low performing editors for motivational training. 6) Based on these characteristics of their group constitutions, which of the following groups is most likely to earn a high grade on a group project? Assume that all groups are of similar intelligence and motivation. a. b. c. d. The leader does most of the work. The other group members edit and slightly revise the leader’s research and writing. Very little time is wasted in meetings. The leader delegates most of the work. Other group members submit their work to the leader, who puts together the pieces without much editing. The leader does not want to offend the other members’ work by revising it significantly. The leader requests other group members to do tasks they are not strong at (like asking the finance major to do the marketing plan). This approach maximizes learning. Many hours are spent in meetings because group members need a lot of basic guidance on what they are doing. The leader requests other group members to do tasks they are strong at. All members do equal amounts of work. Many hours are spent discussing and revising the final project in order to reflect each member’s understanding of the project. Evaluation criteria – the correct answers are c, a, d, b, c, d 13 Faculty evaluation of the instrument as SMART for all 3 KSAs 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ Marketing 341 KSA 4e – Scenario 1: A hungry student deposits $1.00 into a vending machine to purchase a bag of Cheetos. Alas, the Cheetos do not fall into the student’s hands and the money is lost. Is this a “win-win” outcome? Why or why not? Scenario 2: A hungry student deposits $1.00 into a vending machine to purchase a bag of Cheetos. The Cheetos are dispensed as expected and the Cheetos satisfy the student’s hunger. Is this a “win-win” outcome? Why or why not? Scenario 3: A hungry student puts $1.00 in a vending machine to purchase a Cheetos snack. No Cheetos are dispensed and the money jams the machine which prevents any further sales by the machine. Is this a “win-win” outcome? Why or why not? Criteria was to correctly categorize win/win from the win/lose scenatios. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ KSA 6b Utz Potato Chips Description: Our Regular line of chips boasts flavor impressive enough to have been judged best in the country by Food and Wine magazine. But, there are so many great flavors, you’re bound to find more than just one favorite. List of Current Flavors: Regular Regular Ripple 14 Reduced Fat Regular Reduced Fat Ripple No Salt Bar-B-Q Carolina BBQ Honey BBQ Sour Cream & Onion Salt & Vinegar Crab Salt & Pepper Red Hot Cheddar & Sour Cream Onion & Garlic Wavy 1. Which of the above flavors represent “regional” flavors developed to satisy specific region’s taste needs and wants? Suggest a region you think each of the “regional” flavors may have been developed for. 2. If Utz Chips wanted to enter the south Texas market which boasts a substantial population of Mexican immigrants, what new potato chip flavors would you suggest adding? Evaluation criteria – correctly identifying regionally marketed products and creatively developing new products for a diverse population. Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ KSA 6c [Questions not provided] Evaluation criteria – answer two multiple choice questions correctly Faculty evaluation of the instrument as SMART 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Measurable Attainable Realistic Time-related Yes__X___ Yes__X___ Yes__X___ Yes__X___ Yes__X___ No_____ No_____ No_____ No_____ No_____ 15 4. What have you learned from each assessment activity about how well you are achieving this particular learning outcome? Please summarize the results of your assessment since your last update. If you would like your use of results to be named a “best practice,” please describe the assessment performance levels you consider minimally adequate for students completing the program, and compare your results against those standards. For the content-specific learning objectives, the test results show student learning. We are most concerned about learning objectives for which fewer than 50% of students answered correctly. We are also concerned about learning objectives for which there is a decrease in percent correct from the spring 2006 to the fall 2006 semesters. Exhibit 7 shows the results of the exam for each content learning objective for the spring 2006 and fall 2006 semesters. For the KSAs in the 11 core courses, the results submitted by faculty are as follows. Accounting 202, KSA 5b 61 % of students who show acceptable level of competency 49 % of students who show unacceptable level of competency Students (>68%) demonstrated that they could capture the relevant accounting numbers and use the numbers to interpret the performance evaluation. 42% percent of the students could identify the possible bias if insufficient information was used in the evaluation. Very significant variation was identified between sections. KSA 9e 96 % of students who show acceptable level of competency 4 % of students who show unacceptable level of competency The students overwhelmingly (96%) demonstrated that they knew what major to take. More than half of the students (52%) had decided what career to take. Among those knew what career to take, 40% believed that they were prepared for the career. 74% of students believed that they were prepared for higher level business courses. 65% of the students appreciate what they are learning. Generally, the results revealed that the students understood that serious responsibility should be assumed in career. In addition, the students generally could connect learning to their career goals. Business Excellence 301, KSA 9d 85 % of students scored over 80 percent-- an acceptable level of competency in the KSA 14 % of students scored under 80 percent—an unacceptable level of competency in the KSA The overall average grade was 86 percent. KSA 2c 50 % of students scored 80 percent grade or level of competency in the KSA 50 % of students scored below 80 percent or unacceptable level of competency in the KSA 82 % of student scored above 70 percent grade or level of competency. The overall average grade was 78.2 percent. If the acceptable level is less than 80%, why is that so? 16 We need to discuss what grade is considered “an acceptable level of competency.” I choose a grade of 80 percent or more as acceptable; however, the college course passing grade is lower. The students scored at 75 percent average on report content, and 70 percent average on citing of sufficient sources during presentation. Business Excellence 460, KSA 5c 54 % of students who show acceptable level of competency 46 % of students who show unacceptable level of competency KSA 1c 61 % of students who show acceptable level of competency 31 % of students who show unacceptable level of competency e-Business 311 KSAs 3a and 3c 100% of students show an acceptable level of competency Finance 331 Faculty will share the empirical findings and evaluate their own performance. Chair will emphasize on the importance of common sense in quantitative analysis. Management 337 KSA 3b 88 % of students who show acceptable level of competency 12 % of students who show unacceptable level of competency KSA 7b 99 % of students who show acceptable level of competency 1 % of students who show unacceptable level of competency Management 361 KSA 8c _69_ % of students who show acceptable level of competency _31__ % of students who show unacceptable level of competency KSA 8e __89_ % of students who show acceptable level of competency __11_ % of students who show unacceptable level of competency Management 365 KSAs 1f and 2h (combined) __85_ % of students who show acceptable level of competency 17 __15_ % of students who show unacceptable level of competency Management 375 _64.9__ % of students who show acceptable level of competency for KSA 4d _81__ % of students who show acceptable level of competency for KSA 4e _91__ % of students who show acceptable level of competency for KSA 6e _35.1__ % of students who show unacceptable level of competency for KSA 4d _19__ % of students who show unacceptable level of competency for KSA 4e _9__ % of students who show unacceptable level of competency for KSA 6e Management 481 _74__ % of students who show acceptable level of competency for KSA 1b _82__ % of students who show acceptable level of competency for KSA 8a _89__ % of students who show acceptable level of competency for KSA 8e _26__ % of students who show unacceptable level of competency for KSA 1b _18__ % of students who show unacceptable level of competency for KSA 8a _11__ % of students who show unacceptable level of competency for KSA 8e Marketing 341 KSA 4e 98 % of students who show acceptable level of competency 2 % of students who show unacceptable level of competency KSA 6b 94 % of students who show acceptable level of competency 6 % of students who show unacceptable level of competency KSA 6c 83 % of students who show acceptable level of competency 17 % of students who show unacceptable level of competency 18 5. With whom have you shared your assessment results (e.g., program assessment committee, all faculty in the program, students in the program)? If you would like your use of results to be named a “best practice,” please describe how you have shared positive assessment results with appropriate audiences (e.g., current students, prospective employers). In all cases, the faculty who teach the course jointly collect the data. This group also meets to determine the program improvements. Each department is charged with forming a committee to look at the data from the KSA assessments and develop program improvements that would lead to better assessments in the future. For the comprehensive test, the results are shared with the assessment committee, with each department in a department meeting. Each department is charged with forming a committee to look at the data and develop a series of program improvements that would lead to better assessments in the future. 19 6. How have you used these assessment findings to help your students? How have you revised your goals, curriculum, teaching strategies, or assessment strategies or otherwise tried to improve student learning? For the content-specific learning objectives, faculty in each department have been charged with examining items that might be ambiguous or deceptive. As a result, the version of the test administered in spring 2007 had 8 revised items. There are at least two other items that will be revised for the fall ’07 version. In addition, faculty have been charged with interpreting and developing program improvements from the comprehensive test results. To date, only the management department has done this. Its findings are: COMPREHENSIVE TEST DATA Replace test items that are ambiguous and/or unclear. The data suggest that students are not proficient in material taught in technology and quantitative classes. Perhaps students do not see the relevance or application of numerical analysis. PROGRAM IMPROVEMENTS FROM THE COMPREHENSIVE TEST DATA We urge that more numerical analyses be put throughout the curriculum. We urge that all sections of core courses teach the same learning objectives. Faculty comments regarding using the assessment results from each of the 11 courses include the following. Accounting 202– KSAs 5b, 9e The exercise illustrates how Accounting 202 can help students in high level courses in other disciplines. Business Excellence 301 – KSA 9d 5) How will these assessment findings be used to increase your students’ learning? Reviewing the assessment help us determine that we need a more specific measure of the degree the students demonstrate this skill. We will give more specific instructions on completing the assignment; by following the assignment instructions, the students will learn the very skills we are trying to teach. But overall, we know that the assignment is valuable because reading the report show how the students are creating professional networks and finding opportunities to improve skills. KSA 2c 5) How will these assessment findings be used to increase your students’ learning? We have an understanding that the students may have difficulty in finding relevant or actually identifying relevant information for analysis. Also, we will emphasize the importance of identifying sources to enhance credibility, bolster arguments, and give proper credit for information. Business Excellence 460 – KSA 5c Once this KSA is considered a requirement for the course, the students will be able to clearly see the importance of the course work to their internships. Business Excellence 460 – KSA 1c 6. How will these assessment findings be used to increase your students’ learning? This assessment does not indicate that the students’ learning needs assistance. Through this assessment, it is 20 apparent that students are able to use the tools necessary to create high quality documents needed in the workforce. e-Business 311 KSAs 3a and 3c These results will be used as a benchmark for future assessments. The assessment instrument will be standardized across all sections beginning in summer 2007. Finance 331 Faculty will share the empirical findings and evaluate their own performance. Chair will emphasize on the importance of common sense in quantitative analysis. Management 337 KSA 3b 6. How will these assessment findings be used to increase your students’ learning? I will slightly increase the difficulty of the requirement related to this KSA. Some of the students did not perform well because they did not fully complete the assignment. I will increase the point value of the assignment to encourage full participation and completion. KSA 7b 6. How will these assessment findings be used to increase your students’ learning? Assessment was too easy. Make it more challenging next time. Management 361 KSA 8c 6. How will these assessment findings be used to increase your students’ learning? *Strengthen common knowledge and information between instructors about the key elements of managers, entrepreneurs and leader *Seek examples of current business events of persons illustrating each of these roles *Solicit student examples (possible research) from popular business press or personal experience of each role type. Management 365 No comment Management 375 For KSAs 4d, 4e, 6e 6. How will these assessment findings be used to increase your students’ learning? We will cover the ethical dimensions of business decision-making more thoroughly in our courses. Management 481 21 Question 2 on the assessment instrument may not clearly test presentation knowledge and ability. Multiple answers are close to being correct. We will revisit this assessment tool. Marketing 341 KSA 4e 6. How will these assessment findings be used to increase your students’ learning? Identify opportunities to have students identify win-win/win-lose scenarios in marketing. KSA 6b 6. How will these assessment findings be used to increase your students’ learning? Ensure diversity concept and contemporary marketing issues are clearly covered in all marketing 341 sections. KSA 6c 6. How will these assessment findings be used to increase your students’ learning? Highlight importance of cultural sensitivity within framework of US laws. 7. Comments including anticipated changes in goals or assessment strategies (optional): There are a number of weaknesses in our program that we should note. Not all faculty have submitted their assessment reports. Some of the reports are incomplete, and some of the assessment measures are weak. However, we are proud to report that each year our assessment program gets better. For example, the Finance department assessed learning objectives not done in previous years. We have completed our first round of assessments for the 49 KSAs. This exercise has been rewarding but very labor intensive. Our plan is to revise the KSAs, reducing their number to only those essential few that are the core of our program. We will involve faculty in this exercise. We hope that this change will enable us to focus on developing even better assessment instruments, generate more valid and reliable results, and increase faculty buy-in. 22 Exhibit 1 The KSAs for the Business Administration and e-Business majors as presented in the CBE website (http://wwwnew.towson.edu/cbe/current/profile.asp) The KSAs The College of Business and Economics (CBE) understands the need for its graduates to be broad-based and ready to perform immediately upon entering the job market, both as individuals and in teams. Therefore, its curriculum contains concrete, measurable, and attainable objectives throughout. As a result, each CBE graduate is expected to perform successfully, as both an individual and a team member, in the following areas of Knowledge, Skills, and Attitudes (KSAs): 1. COMMUNICATION - WRITTEN, SPOKEN, GRAPHIC, and ELECTRONIC Write articulate, persuasive, and influential business reports, proposals, letters Make articulate, persuasive, and influential individual and team presentations Develop graphic, spreadsheet, and financial analysis support for position taken Display presentation skills Generate appropriate visual aids Use correct written structure, spelling, grammar, and organization Articulate another's viewpoint through verbal and nonverbal interpretation Resolve interpersonal and team conflicts Negotiate effectively 2. THINKING - CRITICAL, CREATIVE, and INTEGRATED Use problem-solving techniques Use adaptable, flexible thinking Use critical thinking to produce comprehensive, supported, integrated conclusions Use creative thinking methods to produce ideas Distinguish (1) fact from opinion and (2) critical from noncritical information Develop several workable solutions to a problem Show common sense Demonstrate continuous learning (learning to learn) 3. TECHNOLOGY Use software for writing, spreadsheets, databases, presentations and decision support Demonstrate self-taught use of a second software package Use E-mail, World Wide Web, Internet and other contemporary electronic services 4. ETHICS and VALUES 23 Consistently accept responsibility for one's own actions Display ethical conduct and honor-system behavior Apply ethics in reaching business recommendations Promote benefits of good ethical behavior while recognizing practical ethical challenges Display a "win-win" attitude 5. ACCREDITED BUSINESS CONTENT Know, apply and integrate the content in one's major Apply and integrate accumulated cross-discipline concepts Value the relevance of each business discipline in today's business world 6. DIVERSITY - INTERNATIONAL and DEMOGRAPHIC Apply international concepts and contemporary issues to business situations Apply domestic diversity concepts and contemporary issues to business situations Show sensitivity to others' views, values, and business customs Discuss relevant global business developments Interact as a business professional with people of other cultures and sub-cultures 7. PRACTICAL EXCELLENCE Demonstrate effective team skills Display professional business behavior and appearance Network with professionals Manage time and tasks Use estimates, analogies and examples Demonstrate development of one's self-esteem and "can-do" attitude 8. LEADERSHIP, ENTREPRENEURSHIP, and COMMUNITY SERVICE Demonstrate group leadership Describe one's own risk-taking profile Differentiate between a leader, a manager and an entrepreneur Perform community service Foster leadership potential in self and others 9. JOB EXPERIENCE and CAREER DEVELOPMENT Show evidence of a quality, mentored, reflective professional experience Organize a persuasive, informative resume Create a portfolio that shows evidence of employability Demonstrate effective job search and interview skills Assume responsibility for one's own career goal-setting and life-long learning 24 Exhibit 2 Learning goals for the core courses in the Business Administration and eBusiness curriculum As shown on the CBE website (http://wwwnew.towson.edu/cbe/Files/programs/undergraduate/ctcbk.pdf) Comprehensive Test of Core Business Knowledge Blueprint of Learning Outcomes Measured by the Test All accounting, business administration, e-Business majors are required to take the Comprehensive Test of Core Business Knowledge in the capstone course, MNGT 481 Business Strategy. This test will count towards 10% of the student’s grade. Thus, it would be in the best interest of the student to save books and course notes from which to study. Students should be prepared to engage in the following topics from the specified courses below on the Comprehensive Test of Core Business Knowledge: ACCT 201/202: • Analyze a company's balance sheet. • Analyze a company's income statement. • Calculate and analyze a company's balance sheet activity and liquidity ratios. • Calculate and analyze a company's income statement profitability ratios. • Student will know how to analyze a company's cash flows. • Use specific cost information to determine a company's breakeven point. • What is the relationship between operating costs-to sales/production volume to operating profit? • Calculate and analyze a company's capital expenditure decision. • Demonstrate how to decide on whether to expand or contract a business. • Describe the cost behavior in a business. • Describe the flow of manufacturing costs. ECON 201: • Demonstrate an understanding of the factors that determine demand and supply. • Demonstrate an understanding of the factors that cause a change in quantity demanded or supplied versus a change in demand or supply. • Illustrate, by properly interpreting standard economic graphs, how markets (interactions of demand and supply) determine prices and the way in which resources are used. • Understand and be able to explain the significance of the concept of “opportunity cost.” • Illustrate the use of the concept of “comparative advantage” and how it serves as the foundation for international trade. ECON 202: • What factors determine real aggregate output, and how is it measured. • Explain the nature and importance of money and monetary policy, especially as they are related to inflation. • Describe the role of fiscal policy in contributing to economic stability and growth. ECON 205: • Demonstrate knowledge of “descriptive statistics,” the differences among them and relative advantages and disadvantages of each. • Using common concepts of probability (the foundation of statistics), illustrate the ability to find the likelihood of observing particular samples from a known population. • Test statistical hypotheses by using the principles of probability and statistical inference. 25 ECON 306 • Construct and carry out a meaningful regression analysis. • Use and interpret output from standard statistical software. EBUS 311 • Apply the basic design principles of creating a website to support an e-Business. • Demonstrate an understanding of the basic history of the Internet, World Wide Web, and e-Business. • Critique an organization’s integration of e-Business strategy within the greater organizational strategy. • Demonstrate an awareness of ethical issues related to Internet security and privacy. • Be able to compare and contrast the fundamental models of e-Business: B2B, B2C, C2B, and C2C. FIN 331 • Apply time value of money concepts as part of financial decision-making. • Demonstrate the relationship between risk and return. • Price securities by applying security valuation models including the identification of characteristics of the securities and the cash flow patterns generated. • Apply basic capital budgeting techniques to evaluate capital acquisitions including identification of the relevant cash flows, appropriate evaluation methods and risk adjustments, and financing alternatives. • Analyze the four basic financial statements of a company (Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Retained Earnings). • Calculate key financial ratios, interpret them, and identify weaknesses in the company’s financial management policies. • Distinguish between the various choices of capital a firm has available to it, and compute both the component cost of funds as well as the overall cost of capital for the firm. LEGL 225: • Identify sources of law and have an understanding of our legal system, including court jurisdiction and procedure. • Display knowledge of torts and criminal law, contracts, sales, and workers’ compensation to be able to operate effectively in the business environment. MNGT 337 • Differentiate among the various types of information systems/technologies. • Define the hardware, software, organization and people components of information systems. • Use basic information technology such as web, spreadsheet and databases. MNGT 361: • Analyze how planning, organizing, leading, and controlling functions enhance organizational performance. • Apply decision-making skills to ethics and diversity management. • Apply decision-making skills to planning, strategy, and organizational structure design. • Describe how control and culture, employee motivation, leadership, effective team management and effective management of human resources contribute to organizational performance. • Develop your own style of leadership and management. MNGT 365 • Use basic forecasting techniques: moving average, exponential smoothing, and linear trend model. • Apply the basic quality tools and statistical process control charts. • Use the basic inventory models: Economic Order Quantity (EOQ), Economic Production Quantity (EPQ), and Reorder Point (ROP). MKTG 341 • Systematically apply the marketing mix concept to an existing or proposed product market combination in practice and for strategic analysis. • Critically evaluate brands, branding, and brand equity in relationship to existing market dynamics and customer relationships. • Analyze a market to precisely describe the use of market segmentation in its role as a tool for target marketing and brand positioning. • Authoritatively apply product lifecycle analysis to predict the growth, demand, and ultimate decline of new ideas and products. MNGT 375 • Identify key elements of a country’s environment (culture, political/legal, economic). • Describe why countries trade with each other. • Identify the key elements of a country’s trade policies (implications for business?). 26 • Describe different patterns/types/effects of foreign direct investment. • Describe the major forms of regional economic integration in the world. What are the implications for business? • Describe the basics of the foreign exchange market? How/why do firms “hedge” currency risk? What role do the International Monetary Fund and World Bank play in the international currency markets? • What are the different strategies available to multi-national enterprises? • What are the different market entry strategies? • What are the marketing mix elements and how they do they change in a global business environment? • What are the human resource staffing issues in a global workforce? 27 Exhibit 3 Course coverage of the KSAs for the Bachelors in Business Administration and Bachelors in e-Business Programs KSA 1a. Write articulate, persuasive, and influential business reports, proposals, letters 1b. Make articulate, persuasive, and influential individual and team presentations 1c. Develop graphic, spreadsheet, and financial analysis support for position taken 1d. Display presentation skills 1e. Generate appropriate visual aids 1f. Use correct written structure, spelling, grammar, and organization 1g. Articulate another's viewpoint through verbal and nonverbal interpretation 1h. Resolve interpersonal and team conflicts 1i. Negotiate effectively 2a. Use problem-solving techniques 2b. Use adaptable, flexible thinking 2c. Use critical thinking to produce comprehensive, supported, integrated conclusions 2d. Use creative thinking methods to produce ideas 2e. Distinguish (1) fact A201 A202 BX301 BX460 EB311 E201 E202 E205 E306 F331 L225 MN337 MN361 MN365 MN375 MN481 MK341 1. COMMUNICATION - WRITTEN, SPOKEN, GRAPHIC, and ELECTRONIC x x x x x x x x x x x x x x x x x x 2. THINKING - CRITICAL, CREATIVE, and INTEGRATED x x x x x x x x x x KSA from opinion and (2) critical from noncritical information 2f. Develop several workable solutions to a problem 2g. Show common sense 2h. Demonstrate continuous learning (learning to learn) A201 A202 BX301 BX460 EB311 E201 E202 E205 E306 x F331 L225 MN337 MN361 MN365 MN375 MN481 MK341 x x x x x 3. TECHNOLOGY 3a. Use software for writing, spreadsheets, databases, presentations and decision support 3b. Demonstrate selftaught use of a second software package 3c. Use E-mail, World Wide Web, Internet and other contemporary electronic services x x x x x x x x 4. ETHICS and VALUES 4a. Consistently accept responsibility for one's own actions 4b. Display ethical conduct and honorsystem behavior 4c. Apply ethics in reaching business recommendations 4d. Promote benefits of good ethical behavior while recognizing practical ethical challenges 4e. Display a "win-win" attitude x x x x x x x x x x x 5. ACCREDITED BUSINESS CONTENT 5a. Know, apply and integrate the content in one's major 5b. Apply and integrate accumulated crossdiscipline concepts x x x x 29 KSA 5c. Value the relevance of each business discipline in today's business world A201 A202 BX301 BX460 EB311 E201 E202 E205 E306 x F331 L225 MN337 MN361 MN365 MN375 MN481 MK341 x 6. DIVERSITY - INTERNATIONAL and DEMOGRAPHIC 6a. Apply international concepts and contemporary issues to business situations 6b. Apply domestic diversity concepts and contemporary issues to business situations 6c. Show sensitivity to others' views, values, and business customs 6d. Discuss relevant global business developments 6e. Interact as a business professional with people of other cultures and sub-cultures x x x x x x x x x x 7. PRACTICAL EXCELLENCE 7a. Demonstrate effective team skills 7b. Display professional business behavior and appearance 7c. Network with professionals 7d. Manage time and tasks 7e. Use estimates, analogies and examples 7f. Demonstrate development of one's self-esteem and "can-do" attitude x x x x x x x x x x x 8. LEADERSHIP, ENTREPRENEURSHIP, and COMMUNITY SERVICE 8a. Demonstrate group leadership 8b. Describe one's own risk-taking profile 8c. Differentiate between a leader, a manager and x x x x 30 x x KSA an entrepreneur 8d. Perform community service 8e. Foster leadership potential in self and others A201 A202 BX301 BX460 EB311 E201 E202 E205 E306 F331 L225 x 9. JOB EXPERIENCE and CAREER DEVELOPMENT 9a. Show evidence of a quality, mentored, reflective professional experience 9b. Organize a persuasive, informative resume 9c. Create a portfolio that shows evidence of employability 9d. Demonstrate effective job search and interview skills 9e. Assume responsibility for one's own career goal-setting and life-long learning x x x x x x Key to courses A201 is A202 is BX301 is BX460 is EB311 is E201 is E202 is E205 is E306 is F331 is L225 is MN337 is MN361 is MN365 is MN375 is MN481 is MK341 is MN337 MN361 MN365 MN375 MN481 MK341 ACCT 201 ACCT 202 BUSX 301 BUSX 460 EBUS 311 ECON 201 ECON 202 ECON 205 ECON 306 FIN 331 LEGL 225 MNGT 337 MNGT 361 MNGT 365 MNGT 375 MNGT 481 MKTG 341 31 x Exhibit 4 Syllabus consistency template As requested, this document contains the following items, which should be included on all sections of the core courses. Course title Course description Learning objectives covered on the CBE comprehensive exam (administered in MNGT 481) Program learning objectives (KSAs) Assignments used to assess program learning objectives. (These should be filled out by the faculty teaching the course and be consistent across all sections of the course.) I have listed the templates by course in alphabetical order. (ACCT 201, ACCT 202, BUSX 301, BUSX 460, EBUS 311, ECON 201, ECON 202, ECON 205, ECON 306, FIN 331, LEGL 225, MNGT 337, MNGT 361, MNGT 365, MNGT 375, MNGT 481, MKTG 341) Please complete these templates and return them to me by 3/30. Best, Doug ACCT 201 ACCOUNTING PRINCIPLES I (3) Accounting in the decisionmaking process of a business, including the effects of accounting events on business financial statements; planning and decision-making tools in the operating cycle; process of recording and communicating information. Learning objectives for the CBE comprehensive test Analyze a company's balance sheet. Analyze a company's income statement. Calculate and analyze a company's balance sheet activity and liquidity ratios. Calculate and analyze a company's income statement profitability ratios. Student will know how to analyze a company's cash flows. Use specific cost information to determine a company's breakeven point. Program learning objectives (KSAs) KSA 1f Use correct written structure, spelling, grammar, and organization 4d Promote benefits of good ethical behavior while recognizing practical ethical challenges 6d Discuss relevant global business developments 7d Manage time and tasks 7f Demonstrate development of one's self-esteem and "can-do" attitude 9e Assume responsibility for one's own career goalsetting and life-long learning 33 Assignment ACCT 202 ACCOUNTING PRINCIPLES II (3) Accounting in the decisionmaking process of a business, including analysis of the operating cycle and cash management and controls; evaluating business performance through financial statement analysis; spreadsheet applications and team learning activities. Prerequisite: ACCT 201 or ACCT 211 with a grade equivalent of 2.00 or higher. Learning objectives for the CBE comprehensive test What is the relationship between operating costs-to sales/production volume to operating profit? Calculate and analyze a company's capital expenditure decision. Demonstrate how to decide on whether to expand or contract a business. Describe the cost behavior in a business. Describe the flow of manufacturing costs. Program learning objectives (KSAs) KSA 1c Develop graphic, spreadsheet, and financial analysis support for position taken 3a Use software for writing, spreadsheets, databases, presentations and decision support 4b Display ethical conduct and honor-system behavior 5b Apply and integrate accumulated cross-discipline concepts 7e Use estimates, analogies and examples 9e Assume responsibility for one's own career goalsetting and life-long learning 34 Assignment BUSX 301 BUSINESS CORNERSTONE (3) Foundation course for developing knowledge, skills and attitudes (KSAs); problem-solving, self- assessment, teamwork and communication for future courses and careers. Required of all Accounting, E-Business and Business students. Not open to students who have successfully completed CBEC 301. Prerequisites: completion of College of Business lower-level core courses with a grade equivalent of 2.00 or higher and the Advanced Composition GenEd I.D. requirement (may be taken concurrently). Program learning objectives (KSAs) KSA 1a Write articulate, persuasive, and influential business reports, proposals, letters 1b Make articulate, persuasive, and influential individual and team presentations 1d Display presentation skills 1e Generate appropriate visual aids 2c Use critical thinking to produce comprehensive, supported, integrated conclusions 9b Organize a persuasive, informative resume 9d Demonstrate effective job search and interview skills Assignment 35 BUSX 460 PROFESSIONAL EXPERIENCE (3) Application of business knowledge, skills and attitudes (KSAs) through professional responsibilities in employment, internship, or comparable experience. Prerequisites: senior status, completion of 18 CBE upper-level units including CBEC 301, MNGT 361, MKTG 341/342 and FIN 331. Special permit required. Program learning objectives (KSAs) KSA 1c Develop graphic, spreadsheet, and financial analysis support for position taken 4a Consistently accept responsibility for one's own actions 5c Value the relevance of each business discipline in today's business world 7c Network with professionals 7f Demonstrate development of one's self-esteem and "can-do" attitude 9a Show evidence of a quality, mentored, reflective professional experience 9c Create a portfolio that shows evidence of employability Assignment 36 EBUS 311 PRINCIPLES OF E-BUSINESS (3) Using resources on the Internet including design of Web pages and conducting business on the Net. Not open to those who successfully completed ECOM/MNGT 311. Prerequisite: MNGT 337/437. Majors only. Junior/senior standing. Learning objectives for the CBE comprehensive test Apply the basic design principles of creating a website to support an e-Business. Demonstrate an understanding of the basic history of the Internet, World Wide Web, and e-Business. Critique an organization’s integration of e-Business strategy within the greater organizational strategy. Demonstrate an awareness of ethical issues related to Internet security and privacy. Be able to compare and contrast the fundamental models of e-Business: B2B, B2C, C2B, and C2C. Program learning objectives (KSAs) KSA 2d Use creative thinking methods to produce ideas 2f Develop several workable solutions to a problem 2h Demonstrate continuous learning (learning to learn) 3a Use software for writing, spreadsheets, databases, presentations and decision support 3c Use E-mail, World Wide Web, Internet and other contemporary electronic services 6e Interact as a business professional with people of other cultures and sub-cultures 7a Demonstrate effective team skills Assignment 37 ECON 201 MICROECONOMIC PRINCIPLES (3) Economic reasoning of individual choice in household and market decisions; behavior of firms in competitive and noncompetitive markets, functioning of labor and capital markets, role of the entrepreneur and effects of government policies. GenEd II.C.2. Learning objectives for the CBE comprehensive test Demonstrate an understanding of the factors that determine demand and supply. Demonstrate an understanding of the factors that cause a change in quantity demanded or supplied versus a change in demand or supply. Illustrate, by properly interpreting standard economic graphs, how markets (interactions of demand and supply) determine prices and the way in which resources are used. Understand and be able to explain the significance of the concept of “opportunity cost.” Illustrate the use of the concept of “comparative advantage” and how it serves as the foundation for international trade. Program learning objectives (KSAs) KSA 2a Use problem-solving techniques 2b Use adaptable, flexible thinking 5a Know, apply and integrate the content in one's major Assignment 38 ECON 202 MACROECONOMIC PRINCIPLES (3) Inflation and unemployment — causes and remedies. Money and banking, government spending and taxation. International trade. GenEd II.C.2 Learning objectives for the CBE comprehensive test What factors determine real aggregate output, and how is it measured. Explain the nature and importance of money and monetary policy, especially as they are related to inflation. Describe the role of fiscal policy in contributing to economic stability and growth. Program learning objectives (KSAs) KSA 2c Use critical thinking to produce comprehensive, supported, integrated conclusions 2e Distinguish (1) fact from opinion and (2) critical from noncritical information 6a Apply international concepts and contemporary issues to business situations 6d Discuss relevant global business developments Assignment 39 ECON 205 STATISTICS FOR BUSINESS AND ECONOMICS I (3) Analysis and presentation of business and economic data; descriptive statistics and statistical inference; measures of central tendency and variability; estimation; testing of hypothesis; linear regression analysis. Not open to students who successfully completed ECON 301. GenEd I.C. Learning objectives for the CBE comprehensive test Demonstrate knowledge of “descriptive statistics,” the differences among them and relative advantages and disadvantages of each. Using common concepts of probability (the foundation of statistics), illustrate the ability to find the likelihood of observing particular samples from a known population. Test statistical hypotheses by using the principles of probability and statistical inference. Program learning objectives (KSAs) KSA 2g Show common sense Assignment 40 ECON 306 STATISTICS FOR BUSINESS AND ECONOMICS II (3) Regression models and regression analysis, ANOVA designs; extensive use of SPSS; non-parametric statistics; constrained optimization and linear programming; decision theory; cross-sectional and time-series analysis. Not open to students who have successfully completed MNGT 263/363. Prerequisites: ECON 201, ECON 202, and ECON 205 or MATH 231 or equivalent. Learning objectives for the CBE comprehensive test Construct and carry out a meaningful regression analysis. Use and interpret output from standard statistical software. Program learning objectives (KSAs) KSA 3a Use software for writing, spreadsheets, databases, presentations and decision support Assignment 41 FIN 331 PRINCIPLES OF FINANCIAL MANAGEMENT (3) Introductory course designed to provide students with the fundamental concepts underlying the theory of finance. Financial markets, security valuation, analysis of financial condition, forecasting, working capital management, capital budgeting, cost of capital, leverage, optimal capital structure, dividend policy. Prerequisites: junior/ major standing; MATH 231/233 or ECON 205, ACCT 201/211, ACCT 202/212, ECON 201/203, ECON 202/204. Learning objectives for the CBE comprehensive test Apply time value of money concepts as part of financial decision-making. Demonstrate the relationship between risk and return. Price securities by applying security valuation models including the identification of characteristics of the securities and the cash flow patterns generated. Apply basic capital budgeting techniques to evaluate capital acquisitions including identification of the relevant cash flows, appropriate evaluation methods and risk adjustments, and financing alternatives. Analyze the four basic financial statements of a company (Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Retained Earnings). Calculate key financial ratios, interpret them, and identify weaknesses in the company’s financial management policies. Distinguish between the various choices of capital a firm has available to it, and compute both the component cost of funds as well as the overall cost of capital for the firm. Program learning objectives (KSAs) KSA 2a Use problem-solving techniques 2b Use adaptable, flexible thinking 2f Develop several workable solutions to a problemv 2g Show common sense 4a Consistently accept responsibility for one's own actions 4b Display ethical conduct and honor-system behavior 4c Apply ethics in reaching business recommendations Assignment 42 LEGL 225 LEGAL ENVIRONMENT OF BUSINESS (3) Sources of law and our legal system, emphasis on court jurisdiction, procedure, tort and criminal law, contracts, sales, anti-trust law, and workers compensation and consumer, environmental and international law. Not open to those who successfully completed BULA 225. Learning objectives for the CBE comprehensive test Identify sources of law and have an understanding of our legal system, including court jurisdiction and procedure. Display knowledge of torts and criminal law, contracts, sales, and workers’ compensation to be able to operate effectively in the business environment. Program learning objectives (KSAs) KSA 1g Articulate another's viewpoint through verbal and nonverbal interpretation 1i Negotiate effectively 2e Distinguish (1) fact from opinion and (2) critical from noncritical information 4c Apply ethics in reaching business recommendations 5c Value the relevance of each business discipline in today's business world 7b Display professional business behavior and appearance 8b Describe one's own risk-taking profile Assignment 43 MNGT 337 INFORMATION TECHNOLOGY (3) Strategic, tactical and operational applications of information technology including management information systems, decision support systems, intelligent systems, strategic information systems and electronic commerce. Topics include data and knowledge management and networking computing. Not open to those who successfully completed MNGT 437. Prerequisites: COSC 111 or equivalent course; major standing. Learning objectives for the CBE comprehensive test Differentiate among the various types of information systems/technologies. Define the hardware, software, organization and people components of information systems. Use basic information technology such as web, spreadsheet and databases. Program learning objectives (KSAs) KSA 1d Display presentation skills 1e Generate appropriate visual aids 1h Resolve interpersonal and team conflicts 3b Demonstrate self-taught use of a second software package 7a Demonstrate effective team skills 7b Display professional business behavior and appearance 7e Use estimates, analogies and examples Assignment 44 MNGT 361 PRINCIPLES OF MANAGEMENT (3) Nature, development and future prospects of management and organization theory. Management functions and processes in terms of planning, organizing, leading, controlling and communications. Exploration of social responsibility of business and international management. Prerequisite: junior major standing. Learning objectives for the CBE comprehensive test Analyze how planning, organizing, leading, and controlling functions enhance organizational performance. Apply decision-making skills to ethics and diversity management. Apply decision-making skills to planning, strategy, and organizational structure design. Describe how control and culture, employee motivation, leadership, effective team management and effective management of human resources contribute to organizational performance. Develop your own style of leadership and management. Program learning objectives (KSAs) KSA 3c Use E-mail, World Wide Web, Internet and other contemporary electronic services 4c Apply ethics in reaching business recommendations 8a Demonstrate group leadership 8b Describe one's own risk-taking profile 8c Differentiate between a leader, a manager and an entrepreneur 8e Foster leadership potential in self and others Assignment 45 MNGT 365 PRINCIPLES OF OPERATIONS MANAGEMENT (3) Strategies and techniques for service and manufacturing operations. Prerequisites: junior major standing, and ECON 205 or MATH 231/233. Learning objectives for the CBE comprehensive test Use basic forecasting techniques: moving average, exponential smoothing, and linear trend model. Apply the basic quality tools and statistical process control charts. Use the basic inventory models: Economic Order Quantity (EOQ), Economic Production Quantity (EPQ), and Reorder Point (ROP). Program learning objectives (KSAs) KSA 1c Develop graphic, spreadsheet, and financial analysis support for position taken 1f Use correct written structure, spelling, grammar, and organization 2h Demonstrate continuous learning (learning to learn) 3b Demonstrate self-taught use of a second software package 3c Use E-mail, World Wide Web, Internet and other contemporary electronic services 7d Manage time and tasks Assignment 46 MNGT 375 (3) INTERNATIONAL BUSINESS: THEORY AND PRACTICE (3) Global dimensions and interdependencies of business; international firms’ strategies and structures, global strategy and market entry. Elements of international finance include international monetary systems, foreign exchange and global trade theory. Global operations, marketing and HRM. Prerequisites: junior major standing, FIN 331, MKTG 341/342 and MNGT 361 or consent of chair. Learning objectives for the CBE comprehensive test Identify key elements of a country’s environment (culture, political/legal, economic). Describe why countries trade with each other. Identify the key elements of a country’s trade policies (implications for business?). Describe different patterns/types/effects of foreign direct investment. Describe the major forms of regional economic integration in the world. What are the implications for business? Describe the basics of the foreign exchange market? How/why do firms “hedge” currency risk? What role do the International Monetary Fund and World Bank play in the international currency markets? What are the different strategies available to multi-national enterprises? What are the different market entry strategies? What are the marketing mix elements and how they do they change in a global business environment? What are the human resource staffing issues in a global workforce? Program learning objectives (KSAs) KSA 1h Resolve interpersonal and team conflicts 4d Promote benefits of good ethical behavior while recognizing practical ethical challenges 4e Display a "win-win" attitude 6a Apply international concepts and contemporary issues to business situations 6b Apply domestic diversity concepts and contemporary issues to business situations 6c Show sensitivity to others' views, values, and business customs 6e Interact as a business professional with people of other cultures and sub-cultures Assignment 47 MNGT 481 BUSINESS STRATEGY AND POLICY (3) A capstone course integrating operational skills and theories and emphasizing managerial decisionmaking as it relates to strategic management and business policy in domestic and international operations. Not open to those who successfully completed Business Policy. Prerequisites: senior standing, completion of FIN 331, MKTG 341/342, MNGT 361, MNGT 365 and BUSX/CBEC 301. Program learning objectives (KSAs) KSA 1a Write articulate, persuasive, and influential business reports, proposals, letters 1b Make articulate, persuasive, and influential individual and team presentations 5a Know, apply and integrate the content in one's major 5b Apply and integrate accumulated crossdiscipline concepts 8a Demonstrate group leadership 8c Differentiate between a leader, a manager and an entrepreneur 8e Foster leadership potential in self and others Assignment 48 MKTG 341 PRINCIPLES OF MARKETING (3) Design, distribution pricing and promotion of goods, services, places, people and causes of both national and international markets. Included is an introduction to strategic and tactical applications of marketing. Prerequisites: junior standing; majors and eligible premajor and BUAD majors. Learning objectives for the CBE comprehensive test Systematically apply the marketing mix concept to an existing or proposed product market combination in practice and for strategic analysis. Critically evaluate brands, branding, and brand equity in relationship to existing market dynamics and customer relationships. Analyze a market to precisely describe the use of market segmentation in its role as a tool for target marketing and brand positioning. Authoritatively apply product lifecycle analysis to predict the growth, demand, and ultimate decline of new ideas and products. Program learning objectives (KSAs) KSA 1g Articulate another's viewpoint through verbal and nonverbal interpretation 2d Use creative thinking methods to produce ideas 4e Display a "win-win" attitude 6b Apply domestic diversity concepts and contemporary issues to business situations 6c Show sensitivity to others' views, values, and business customs Assignment 49 EXHIBIT 5 DUE MARCH 30, 2007 TO: DEPT CHAIR AND ASST DEAN DOUG SANFORD COURSE KSA ASSESSMENT AND CONTINUOUS IMPROVEMENT Please fill out one form per course and KSA The KSA is:__ The course is: ___________ Number of Fall 2006 Sections:______ (or Spring 2007 sections, if applicable) Was assessment information collected in ALL full-time and part-time sections? Yes ______ No _________ For any section in which assessment information was NOT collected: Professor Reason Not Collected Please attach to this document the instrument you used to directly measure student learning for the KSA (the assignment and grading criteria (or rubric), test) 1. How many student work samples across all sections were reviewed? ______ 2. Did the review demonstrate that students completed the assessment information in a consistent manner across all sections? Yes No If “No,” what changes will be made to the procedure to assure better consistency of assessment information? 3. What were the criteria used to determine an acceptable level of competency? If the acceptable level is less than 80%, why? What changes will be made to improve the percentage of students who show an acceptable level of competency in the KSA? 4. What are your results? ___ % of students who show acceptable level of competency ___ % of students who show unacceptable level of competency 5. In three years, this KSA will be assessed again in this course. Is the present assessment information SMART: Specific Yes_____ No_____ Measurable Yes_____ No_____ Attainable Yes_____ No_____ Realistic Yes_____ No_____ Time-related Yes_____ No_____ If “No” is checked for any of the areas above, how will you change the assessment information and/or procedure to meet the SMART criteria? 6. How will these assessment findings be used to increase your students’ learning? 50 If your assessment is a written assignment, please retain a sample of every 8th student’s work from each section’s stack. ______________________________________________________________________ This report was prepared by: Name (print) ___________________________________ Date_________________ 1 – Send completed form to (a) Department Chair and (b) Assistant Dean for Learning & Assessment. 2 – Keep original student work, carefully labeled for easy identification. (a) Package assessed (i.e., every 8th) student work samples (if applicable) for possible review by AACSB visitation team. (b) Mark each package clearly (1) Course (2) Semester (3) specific KSA. (c) Keep in Department Chair’s files. ________________________________________________________________ 51 Exhibit 6 Course KSAs to be assessed in Fall 2006 Course KSAs assigned KSAs assessed to date Ksas to assess in the Fall 2006 semester Accounting 201 1f, 4d, 6d, 7d, 7f, 9e 4d, 7d 1f, 6d, 7f, 9e Accounting 202 (Note, learning objectives apply to both ACCT 201 & ACCT 202) 1c, 3a, 4b, 5b, 7e, 9e 3a, 4b 1c, 5b, 7e, 9e Legal 225 1g, 1i, 2e, 4c, 5c, 7b, 8b 2e, 4c 1g, 1i, 5c, 7b, 8b Ksas to assess in the Fall 2006 semester Course KSAs assigned KSAs assessed to date Economics 201 2a, 2b, 5a 2a, 2b, 5a Economics 202: 2c, 2e, 6a, 6d 2c, 2e, 6a, 6d Economics 205: 2g 2g Economics 306: 3a 3a Course KSAs assigned KSAs assessed to date Ksas to assess in the Fall 2006 semester Finance 331 2a, 2b, 2f, 2g, 4a, 4b, 2a, 2b, 2f, 2g 4a, 4b, 4c 52 4c Ksas to assess in the Fall 2006 semester Course KSAs assigned KSAs assessed to date Management 337 1d, 1e, 1h, 3b, 7a, 7b, 7e 1d, 1e, 1h, 7a 3b, 7b, 7e Management 361 3c, 4c, 8a, 8b, 8c, 8e 3c, 4c, 8a, 8b 8c, 8e Management 365 1c, 1f, 2h, 3b, 3c, 7d 1c, 3b, 3c, 7d 1f, 2h Management 375 1h, 4d, 4e, 6a, 6b, 6c, 6e 1h, 6a, 6b, 6c 4d, 4e, 6e Management 481 1a, 1b, 5a, 5b, 8a, 8c, 8e 1a, 5a, 5b, 8c 1b, 8a, 8e Course KSAs assigned KSAs assessed to date Ksas to assess in the Fall 2006 semester Marketing 341 1g, 2d, 4e, 6b, 6c 1g, 2d 4e, 6b, 6c eBusiness 311 2d, 2f, 2h, 3a, 3c, 6e, 7a 2d, 2f, 2h, 6e, 7a 3a, 3c Course KSAs assigned Business Excellence 301 1a, 1b, 1d, 1e, 2c, 9b, 9d KSAs assessed to date Ksas to assess in the Fall 2006 semester 1a, 1b, 1d, 1e 2c, 9d 53 Business Excellence 460 1c, 4a, 5c, 7c, 7f, 9a, 9c 4a, 7c, 7f, 9a, 9c 1c, 5c KSAs assigned for each course in your department, KSAs assessed, and KSAs not yet assessed as of fall 2006. 54 Exhibit 7 CBE Comprehensive Test of Core Business Knowledge Results for Fall 2006, contrasted with Spring 2006 This table shows the results of the CBE comprehensive test given to students in the capstone course in fall 2006. The first column shows the course in which the material was taught. The second column shows the learning objective tested. The third column shows the average percent correct for the test items of the learning objective. The fourth column shows the aggregate change across items in the learning objective. The fifth column shows the percent of students who got each item correct. As in the past, our main concern is with learning objectives for which less than 50% of students answered the items correctly. We are also concerned with learning objectives that have a negative aggregate change. Course Learning objectives average, f06 change, s06-f06 Analyze how planning, organizing, leading, and controlling functions enhance organizational performance. (q1-4) 79.46% 3.64% Apply decision-making skills to ethics and diversity management. (q5-7) 67.86% 0.02% Apply decision-making skills to planning, strategy, and organizational structure design. (q8-10) 84.38% 0.33% Describe how control and culture, employee motivation, leadership, effective team management and effective management of human resources contribute to organizational performance. (q 11-13) 66.82% 9.08% 55.80% -5.14% 40.63% 5.62% (3) understand and be able to explain the significance of the concept of “opportunity cost” (q18-20) 46.73% -7.54% (4) illustrate the use of the concept of “comparative advantage” and how it serves as the foundation for international trade (q2123) 58.93% -4.94% Be able to discuss what factors determine real aggregate output, and how it is measured (q24-26) 35.12% 1.30% Mngt 361 Demonstrate an understanding of the factors that determine demands and supplies and that cause them to change (q 14-15) 2) be able to illustrate, perhaps by properly interpreting standard economic graphs, how markets (interactions of demand and supply) determine prices and the way in which resources are used (q 16-17) Econ 201 Economics 202: 55 %correct, fall '06 n=224 90.18% 87.95% 93.30% 46.43% 56.70% 49.55% 97.32% 90.18% 86.16% 76.79% 94.64% 50.45% 55.36% 58.48% 53.13% 69.64% 11.61% 81.70% 13.84% 44.64% 53.13% 79.91% 43.75% 33.93% 27.23% 44.20% Economics 205: Explain the nature and importance of money and monetary policy, especially as they are related to inflation (q27-30) 79.24% -0.29% Describe the role of fiscal policy in contributing to economic stability and growth (q31-33) 63.10% -4.12% Demonstrate a knowledge of “descriptive statistics,” the differences among them and relative advantages and disadvantages of each (q 34-36) 68.30% 3.90% By using common concepts of probability (the foundation of statistics), illustrate the ability to find the likelihood of observing particular samples from a known population (q 37-39) 40.18% -0.78% Be able to test statistical hypotheses, by using the principles of probability and statistical inference (q40-41) 40.63% 5.62% Demonstrate the ability to construct and carry out a meaningful regression analysis (q 42-45) 60.04% 8.20% Be able to use and interpret output from standard statistical software (q46-49) 58.71% -1.73% Jurisdiction and procedural law (q50-52) 60.57% 4.03% Torts/criminal law/worker’s compensation (q 53-55) 78.72% 13.83% Contracts law/sales law under the uniform commercial code (q 56-59) 34.04% 2.15% Learning goal 1: students should know how to use basic forecasting techniques: moving average, exponential smoothing, and linear trend model. (q60-61) 21.21% -11.90% Economics 306: Legl 225 Mngt 365 Mngt 337 Learning goal 2: students should know how to apply the basic quality tools and statistical process control charts. (q62-64) 41.67% 8.76% Learning goal 3: students should know how to use basic inventory model: eoq, epq and rop. (q 65-67) 64.43% 1.43% Learning goal 1: students should differentiate among the various types of information systems/technologies. (q68-69) 69.87% 2.17% Learning goal 2: students should define the hardware, software, organization and people components of information systems (q70-72) 69.20% -0.53% Learning goal 3: students should know how to use basic information technology such as web, spreadsheet and 61.16% 3.79% 56 84.38% 63.39% 91.52% 77.68% 84.38% 21.88% 83.04% 87.95% 66.52% 50.45% 32.59% 37.50% 50.45% 40.18% 41.07% 77.23% 69.64% 58.48% 34.82% 76.34% 40.63% 67.86% 50.00% 36.61% 50.45% 94.64% 97.77% 66.52% 71.88% 25.00% 29.46% 33.48% 48.21% 19.64% 22.77% 37.05% 26.34% 61.61% 47.77% 56.25% 89.29% 54.02% 85.71% 84.38% 35.27% 87.95% 97.77% 42.86% databases. (q73-75) the student will be able to apply time value of money concepts as part of financial decision-making. (q76-78) Finance 331 the student will be able to demonstrate the relationship between risk and return. In addition, the student will be able to price securities by applying security valuation models. This includes being able to identify the characteristics of the securities and the cash flow patterns they generate. (q79-81) the student will apply basic capital budgeting techniques to evaluate capital acquisitions. This includes being able to identify relevant cash flows, to apply appropriate evaluation methods and risk adjustments, and to identify financing alternatives. (q8284) Accounting -10.90% 43.45% -3.15% 44.20% 50.15% -1.84% 37.95% 2.92% the student will be able to distinguish between the various choices of capital a firm has available to it, and compute both the component cost of funds as well as the overall cost of capital for the firm. (q86-87) 31.03% 2.16% 40.31% 81.25% 36.10% 78.13% 0.92% Authoritatively apply product lifecycle analysis to predict the growth, demand, and ultimate decline of new ideas and products. (q96-98) 65.48% -6.62% Student will know how to analyze a company's balance sheet. (q99-100) 74.78% 6.41% Student will know how to analyze a company's income statement. (q101-102) 54.69% -2.81% Student will know how to calculate & analyze a company's balance sheet activity and liquidity ratios. (q103-104) 67.86% -5.40% Student will know how to calculate & analyze a company's income statement profitability ratios. (q105-106) 41.96% 8.29% Student will know how to analyze a company's cash flows. (q107-108) 40.40% -10.06% Student will be able to use specific cost information in order to determine a company's breakeven point. (q109-110) 54.69% -3.32% Student will know the relationship of operating costs-to sales/production volume-to operating profit. (q111-112) 45.09% -3.73% Student will demonstrate how to decide on whether to expand or contract a business. (q113-114) 66.74% -2.56% 57 37.95% 20.54% 82.03% Critically evaluate brands, branding, and brand equity in relationship to existing market dynamics and customer relationships. (q92-93) Analyze a market to precisely describe the use of market segmentation in its role as a tool for target marketing and brand positioning. (q94-95) 24.11% 67.41% 58.93% the student will be able to analyze the four basic financial statements of a company (income statement, balance sheet, statement of cash flows, and statement of retained earnings), calculate key financial ratios, interpret them, and identify weaknesses in the company’s financial management policies.(q85) Systematically apply the marketing mix concept to an existing or proposed product market combination in practice and for strategic analysis. (q88-91) Marketing 341 51.19% 42.86% 25.45% 50.45% 77.68% 33.48% 52.68% 41.52% 84.38% 89.73% 65.63% 88.39% 86.16% 76.34% 57.59% 98.66% 40.63% 82.59% 73.21% 76.79% 72.77% 45.98% 63.39% 74.55% 61.16% 40.63% 43.30% 33.48% 47.32% 56.70% 52.68% 60.27% 29.91% 98.66% 34.82% Mngt 375 Ebus 311 97.32% 36.16% 38.39% 81.25% 45.54% 63.84% Student understands cost behavior in a business. (q115-116) 66.74% -6.11% Student understands the flow of mfg costs. (q117-118) 59.82% -2.18% Identify/describe/apply knowledge of key elements of a country’s environment (culture, political/legal, economic). (q119-120) 54.69% 3.28% Identify/describe/apply knowledge of why countries trade with each other. (q121) 70.54% -2.56% 70.54% Identify/describe/apply knowledge of the key elements of a country’s trade policies (implications for business?) (q122) 80.80% -4.98% 80.80% Identify/describe/apply knowledge of different patterns/types/effects of fdi (q123) 62.50% -3.49% 62.50% 37.50% 8.57% 37.50% 74.26% 1.96% 83.93% 71.43% 67.41% 59.38% -1.54% 59.38% Identify/describe/apply knowledge of marketing mix elements and how they change in a global business environment (q129) 74.55% 2.98% 74.55% Identify/describe/apply knowledge of staffing (expats v. Locals), hr issues with a global workforce. (q130) 46.88% 8.30% 46.88% Apply the basic design principles of creating a website to support an e-Business (q131-132) 42.41% NA Demonstrate an understanding of the basic history of the Internet, World Wide Web, and e-Business (q133-134) 47.54% NA Critique an organization’s integration of e-Business strategy within the greater organizational strategy (q135-136) 74.55% NA Demonstrate an awareness of ethical issues related to Internet security and privacy (q137-138) 54.02% NA Be able to compare and contrast the fundamental models of eBusiness: B2B, B2C, C2B, and C2C (q139-140) 60.27% NA Identify/describe/apply knowledge of the major forms of rei in the world. Implications for business. (q124) Identify/describe/apply knowledge of the basics of foreign exchange market? How/why do firms “hedge” currency risk? What role do the imf and world bank play in the international currency markets (q125-127) Identify/describe/apply knowledge of different market entry strategies (q128) 58 38.84% 45.98% 36.16% 58.93% 75.00% 74.11% 25.89% 82.14% 35.27% 85.27%