Course Form I. Summary of Proposed Changes Dept / Program Management Information Prefix and Course # Systems Course Title Integrative Business Simulation Short Title (max. 26 characters incl. spaces) Business Simulation Summarize the change(s) proposed New Course II. Endorsement/Approvals Complete the form and obtain signatures before submitting to Faculty Senate Office Please type / print name Signature Requestor: Belva L. Jones Phone/ email : x-5155 Program Chair/Director: Belva L. Jones Other affected programs Terri Herron Klaus Uhlenbruck Dean: Larry Gianchetta BADM 401 Date Are other departments/programs affected by this Please obtain signature(s) from the modification because of Chair/Director of any such department/ (a) required courses incl. prerequisites or corequisites, program (above) before submission (b) perceived overlap in content areas (c) cross-listing of coursework III: To Add a New Course Syllabus and assessment information is required (paste syllabus into section V or attach). Course should have internal coherence and clear focus. Common Course Numbering Review (Department Chair Must Initial): YES NO Does an equivalent course exist elsewhere in the MUS? Check all relevant disciplines if X course is interdisciplinary. (http://mus.edu/transfer/CCN/ccn_default.asp) If YES: Do the proposed abbreviation, number, title and credits align with existing course(s)? Please indicate equivalent course/campus. If NO: Course may be unique, but is subject to common course review. Be sure to include learning outcomes on syllabus or paste below. The course number may be changed at the system level. Students will integrate concepts from each of the business functional areas in a simulated business environment and engage in various assessment exercises. Exact entry to appear in the next catalog (Specify course abbreviation, level, number, title, credits, repeatability (if applicable), frequency of offering, prerequisites, and a brief description.) U 401 Integrative Business Simulation 1 cr. Offered every term. Pre-req., senior standing in Business, all business core. Co-req.., MGMT 486. Students will operate a virtual business in a simulation, aiding in the integration of cumulative business knowledge, analytical processing, and ethical awareness. Justification: How does the course fit with the existing curriculum? Why is it needed? Business graduates must be able to integrate the skills and knowledge they have learned in their studies. This course provides an opportunity for seniors to gain experience in integrating business concepts, in evaluating the ethical implications of decisions, and in using analytical skills to make decisions. As a school, we must assess students’ abilities to integrate diverse functional areas to make good business decisions. We will carry out a variety of assessments in this course that will identify student strengths and weaknesses in order to improve student preparedness to enter the workforce. Are there curricular adjustments to accommodate teaching this course? The course will be taught by academically qualified (AQ) or professionally qualified (PQ) business professionals with executive level experience. (AQ and PQ are AACSB designations to ensure instructor preparedness.) The SoBA Undergraduate Assessment Committee will have oversight of this course, and the instructor(s) will work closely with the committee to ensure that the goals of the course are being met. Complete for UG courses. (UG courses should be assigned a 400 number). Describe graduate increment (http://umt.edu/facultysenate/committees/grad_council/procedures/gradIncrement.aspx) New fees and changes to existing fees are only approved once each biennium by the Board of Regents. The coordination of fee submission is administered by Administration and Finance. Fees may be requested only for courses meeting specific conditions according to Policy 940.12.1 http://mus.edu/borpol/bor900/940-12-1.pdf . Please indicate whether this course will be considered for a fee. If YES, what is the proposed amount of the fee? Justification: IV. To Delete or Change an Existing Course – check X all that apply Deletion Title Course Number Change From: Level U, UG, G To: Description Change Change in Credits From: To: Prerequisites 1. Current course information at it appears in catalog (http://www.umt.edu/catalog) YES NO X From: To: Repeatability Cross Listing (primary program initiates form) Is there a fee associated with the course? 2. Full and exact entry (as proposed) 3. If cross-listed course: secondary program & course number 4. Is this a course with MUS Common Course Numbering? http://mus.edu/transfer/CCN/ccn_default.asp If yes, please explain below whether this change will eliminate the course’s common course status. YES NO 5. Graduate increment if level of course is changed to UG. Have you reviewed the graduate Reference guidelines at: increment guidelines? Please check (X) space provided. http://umt.edu/facultysenate/committees /grad_council/procedures/gradIncrement.aspx (syllabus required in section V) 6. Other programs affected by the change 7. Justification for proposed change V. Syllabus/Assessment Information Required for new courses and course change from U to UG. Paste syllabus in field below or attach and send digital copy with form. BADM 401 Integrative Business Simulation 1 credit hour (1 hour in class per week*) Syllabus Course Description: Students will operate a virtual business in a simulation, aiding in the integration of cumulative business knowledge, analytical processing, and ethical awareness. As a co-requisite to MGMT 486, Strategic Venture Management, this course will build on the senior integrative coursework that all business students take. The capstone course (MGMT 486) engages business seniors in learning how to bring together business concepts from each of the functional areas in order to start a new business. BADM 401, Integrated Business Simulation, allows students to actively run a simulated business, making decisions about financing, staffing, marketing, and operating the business. At the beginning of the course, students will take the Major Field Test in Business, an ETS product that is nationally normed. Preparing for and taking the test focuses student attention on the business concepts presented in each of their previous core business classes. It sets the foundation for applying that knowledge in preparing a business plan (MGMT 486) and in making business decisions in the simulation environment (BADM 401). Students are given feedback about their performance on the MFT. At the end of the course, students will also take a nationally normed assessment on ethics. The simulation contains a module on ethics which puts students in complex situations where they must think about the interests of various stakeholders. The simulation augments formal coursework to prepare students for the ethics assessment. Co-requisite: Business capstone course, MGMT 486 (Strategic Venture Management) Learning Outcomes: Students will integrate business knowledge and skills through an integrative business simulation. Students will apply problem solving processes within a business context. Students will deal with ethical issues within the context of a virtual business. Required Resources: Business simulation product (Capstone or similar product) Ticket for admission to the Major Field Test in Business Ticket for the DIT-2 ethics test Evaluation: The course grade is a traditional grade and is dependent upon the student’s participation in team decisions during the team simulations and on the student’s performance on the individual simulation. Student must pass the Major Field Test in Business, a nationally normed test. Student must take the DIT-2, a nationally normed ethics assessment. About the Simulation: In teams, students will make a series of decisions necessary to run a business in a simulated environment, each decision set representing one year of operation. The on-line simulation, Capstone (by Capsim), then pits the teams against each other to determine metrics for each team’s performance, such as market share and profit or loss. The simulation continues through eight years of operation. At the end of each round, the teams receive comprehensive reports on their performance, along with a detailed industry analysis which allows for rich competitive analyses. Each week, the instructor will debrief the teams and coach them on how to improve their performance. Of course, they must compete with the other teams which are also trying to improve. Class meetings will also contain reviews of business concepts pertinent to the challenges being faced that week. Team collaborations and decision-making take place outside of the regularly scheduled class time. At the end of the eight-week team simulation, each student will complete an individual simulation, with exam questions based on that student’s individual performance in the simulation. This comprehensive exam assesses the student’s ability to integrate business concepts from the functional areas of business, as well as providing questions on specific business concepts. Comp X-M is also a nationally normed test. For additional information about the Capstone simulation and the Comp-XM exam, please see: http://capsim.com/business-simulations/homepage.cfm?CFID=1195496&CFTOKEN=12274548. Tentative Schedule: Week 1: Week 2: Weeks 3-4: Week 5-12: Week 13: Week 14: Integrating business functional areas; Introduction to the business simulation Major Field Test in Business (two hour test)* Practice runs of the simulation Debrief simulation performance and prepare for next round of decisions DIT-2 Ethics exam Comp-XM individual assessment * Week 2 has an extra hour allocated for the MFT. Therefore, students are finished after week 14. VI Department Summary (Required if several forms are submitted) In a separate document list course number, title, and proposed change for all proposals. VII Copies and Electronic Submission. After approval, submit original, one copy, summary of proposals and electronic file to the Faculty Senate Office, UH 221, camie.foos@mso.umt.edu. Revised 9-2010