Metropolitan Community College Class Syllabus BSAD 1000, Section 4A Introduction To Business- Winter 2013 CLASS IDENTIFICATION TITLE: Introduction to Business PREFIX/SECTION: BSAD 1000 4A CREDIT HOURS: 4.5 CLASS BEGINS/ENDS: December 2, 2013 – February 26, 2014 MEETING DAY(S)/TIMES: Mondays and Wednesdays, 10:00 AM – 11:50 AM NO CLASS DAYS (College Closed): Holiday Recess, Dec 24, 2013 (Tues) – Jan.1, 2014 (Wed); Martin Luther King Recess, Jan. 24, 2014 (Mon) WITHDRAWAL DATE: February 12, 2014 CLASS LOCATION: Fort Omaha Campus, Building 10, Room 112 CONTACT INFORMATION INSTRUCTOR NAME: David Wilhelm OFFICE LOCATION: Building 10, Room 132 OFFICE TELEPHONE: 402-457-2805 TOLL-FREE NUMBER: 1-800-228-9553 (Use only during instructor's MCC office hours. Identify yourself as an online student and give the operator your instructor's office number.) FACSIMILE: OFFICE HOURS: 1:00 PM – 3:00 PM, Monday & Wednesday 10:00 AM – 12:00 PM, Tuesday & Thursday EMAIL ADDRESS: dwilhelm@mccneb.edu FACULTY WEB SITE: http://faculty.mccneb.edu/dwilhelm ACADEMIC AREA: Business COURSE INFORMATION COURSE DESCRIPTION: A survey of the structure and functions of the American business system is provided, together with an overview of business organization, finance, managerial control, production/distribution, personnel, the interdependence of business and government, and consumer business relations. COURSE PREREQUISITES: None COURSE OBJECTIVES: Students who successfully complete this course will be able to: 1. Compare and contrast our mixed capitalistic economy with the world’s economic systems; and describe how American business functions within our system and internationally. 2. List the basic structure, process and function of management in a business organization; compare and contrast leadership styles; and list the functions of traditional line and staff subdivisions. 3. Discuss fundamental elements of marketing goods and/or services in our economic system, international economics systems, and e-commerce. 4. Form a basic understanding of the procedures and activities involved in financing a business locally, regionally, nationally or internationally. 5. Recognize and evaluate various information reports generated by business including financial statements. REQUIRED & SUPPLEMENTAL MATERIALS: Required Text: Contemporary Business Authors: Boone & Kurtz, c.2013 Edition: 15th, ISBN: 978-1-118-76456-5 Publisher: John Wiley & Sons Incorporated The textbook can be purchased through the Fort Omaha Campus bookstore. Phone: (402) 457-2308 Cost: $74.25 (New); $55.75 (Used); $37.09 Rent (Used) Online: http://shop.efollett.com Textbook: Required. COMPUTER REQUIREMENTS: The computer you use for MCC online courses must be able to run one of the internet compatible web browsers listed on the Browser Support Page: http://www.mccneb.edu/online/browsers.asp SOFTWARE/FILE SUBMISSION REQUIREMENTS: Metropolitan Community College uses Microsoft products as part of its standard software and encourages students to do the same. You may save word-processed documents for file attachments in Microsoft Word .doc or .doc format. If your software does not allow either of these, then save files in Rich Text Format (.rtf). CLASS STRUCTURE: Students complete the course by reading the chapter textbook and summaries, completing homework assignments and team research paper, participating in class discussions, exams and communicating with instructors via phone, e-mail or visits during office hours. RESPONSE TIME: Faculty will respond within 24 hours, Monday through Friday, to student emails concerning course content, learning activities, and private matters appropriate for discussion within the teacher-student relationship. Posting of feedback and grades for major assignments is addressed under Assessment of Student Work. ASSESSMENT OF STUDENT WORK TYPES OF ASSESSMENTS/ASSIGNMENTS: Methods of assessing student progress will include performance on course homework assignments, attendance and participation in class discussions, 4 exams over the 17 chapters in the textbook and a team research project. Each of the aforementioned assessment measures should be completed as proscribed to successfully complete the course. Course Activities: To successfully complete the course, each student will need to complete all course activities as presented in the course outline described below: Homework Assignments: POINTS: There are 5 chapter case assignments each worth 10 points for a total of 50 points of the total grade points available. Purpose: The purpose of the chapter case assignments is to engage you in informative and hands-on activities which facilitate the learning process by illustrating the practical application of business information needed for effective effective decision making. Note: Please note the chapter case assignment due date in the schedule of assignments below. Further, please be aware that case assignments will not be accepted late. Any assignment which is not delivered by the said due date will not be considered for grading resulting in a grade of -0- for the assignment. Contact the instructor if you have extenuating circumstances that preclude you from completing an assignment by the due date. To be considered for a grade, all chapter case assignments must meet the following criteria: 1st page of assignment: Your Name Chapter Number Date Submitted Software: Microsoft Word or software that can be read as a Word document, you may also use Microsoft Excel. Length: Each Chapter Case Summary is 5 typewritten paragraphs in length. Respond to each case question (2 pts. Each) at the end of the textbook with a minimum of 1 paragraph for each question. Contents: The content of the first paragraph (2 pts.) should be an overview of the company and reflect knowledge gained from reading the case from the textbook and students understanding of the material. Examples of content may include company name, history, annual revenue, geographic location, industry, customer type and products and/or services offered. The remaining 4 paragraphs should answer the “Questions For Critical Thinking” at the end of the case from the textbook. Margins: Top/Bottom margin of 1"; Left/Right margin of 1" Spacing: Text should double spaced. Font Type and Size: Times New Roman, 12pt Original Material: You are expected to practice and adhere to the United States Copyright Laws. Further information can be found at http://www.mccneb.edu/library/facultyservices/copyright.asp?Theme=3 Any Homework assignment excluding any of the aforementioned information will not be evaluated. Company Research Paper: Purpose: The purpose of the company research paper is to enable you develop skills in gathering information about a business and developing an appreciation and understanding of the functional areas of business including marketing and sales, accounting and finance, management and organization and operations. This team paper (2 students max) is an informative and hands-on activity which facilitates the learning process by helping the student identify sources of information necessary to make informed decisions about an organization similar to a potential owner, creditor, employee or lender. POINTS: The Company Research Paper is worth 50 points total. You are expected to team with another student and complete an 5-6 page typewritten paper (double spaced) in which you discuss the following information about a public company.. (See below for details). Instructions: You are to partner with another student and select one publicly traded company of your choice. Then, prepare a 1,700-2,000-word paper (5-6 pages) in which you provide an overview of your company and answers to the following questions: 1. Company and Market Overview: a. What is the company’s product or service? (2 pts) b. When was the company established? (2 pts) c. When did the company go public? (2 pts) d. What is the name of the industry for the company? (2 pts) e. Who are their primary market competitors? (2 pts) f. What is the “ticker symbol” for the company stock? (1 pt) 2. g. What is its current stock price? (2 pts) h. What is its lowest and highest stock price over the most recent 52 weeks? (2 pts) i. How does the company distribute or sell its product or service? (2 pts) j. How does the company promote or advertise its product or service? (2 pts) Company Financial Information: a. What are the types of financial data found in the company’s financial statements? (Hint: Find the Annual Report online at the company website.) (2 pts) b. What were the dividends paid over the last three years? (3 pts) c. Does the company have more than one type of stock (common, preferred, treasury)? (2 pts) d. How many common stock shares are outstanding? (2 pts) e. Does the company have any outstanding bonds or debt on its balance sheet? If so, how much? (2 pts) f. Review the statement of cash flows in the annual report and identify how much cash was generated or used by 1) operating, 2) financing, and 3) investing activities. (3 Pts) g. Using the statement of cash flows, identify some of the significant internal events that affected the company’s cash position. (2 pts) h. What was the dollar amount listed on the income statement for both revenue and net income over the last three years. (3 pts) i. Calculate the financial ratio for the company given below: 1. Current ratio (Hint: Current Assets/Current Liabilities) See the Balance Sheet (2 pts) 2. Profit Margin (Hint: Net Income/Total Revenue) See the Income Statement (2 pts) 3. Future Company Prospects: a. Examine the management summary discussed in the Annual Report to identify how future opportunities for growth in revenue and earnings will be achieved. (2 pts) b. Explain future growth opportunities and provide examples learned from your research. (2 pts) c. Summarize what you have learned and how it may help you in the future (2 pts) d. Cite sources used as references in your paper as shown in the example at the bottom page of the link http://owl.english.purdue.edu/owl/resource/560/01/ and include a cover page. (2 pts) Note: Please note the assignment due date in the syllabus. Further, please be aware that assignments will not be accepted late. Any assignment which is not delivered by the said due date will not be considered for grading resulting in a grade of -0- for the assignment. Contact the instructor if you have extenuating circumstances that preclude you from completing an assignment by the due date. To be considered for a grade, all typed class papers and assignments must meet the following criteria: a. Follow APA or MLA Formatting and Style. http://owl.english.purdue.edu/owl/section/2/ b. The paper must answer the questions found on page 3 below and be typed, double-spaced on standard-sized paper (8.5 X 11 inches). c. Margins will be 1 inch all around. d. Font will be Times New Roman and Size 12. e. Paper will be approximately 5-6 pages in length. The Cover page and Reference page are not included in the total number of pages. f. You must have a minimum of 3 citations or references in your document. g. No Abstract Required. Type Font and Size: Times New Roman - 12pt Original Material: You are expected to practice and adhere to the United States Copyright Laws. Further information can be found at http://www.mccneb.edu/library/facultyservices/copyright.asp?Theme=3 Class Attendance/Participation: POINTS: Each class meeting is worth 5 points for a total of 100 points counted toward the final grade. If a student attends all class meetings, a student will earn 110 total points out of 100 points counted toward the final grade. This is an additional 10 points of extra credit and will be tracked and recorded in the online gradebook found online in MyWay at http://myway.mccneb.edu/ If a student misses only one class meeting, a student will earn 105 total points out of 100 points counted toward the final grade. This is an additional 5 points of extra credit and will be tracked and recorded in the online gradebook, MyWay at http://myway.mccneb.edu Note: The discussion topic in class will correspond with the chapter material presented each week. Further, please be aware that class discussion count as participation in the class. Any student that does not participate in class due to absence or not contributing during class may result in a grade of -0- for participation. Purpose: The purpose of participating in class discussions is to engage you with informative conversation related directly to the chapter material introduced by the instructor to other students in the class and explore the business implications of the topic in how it affects an organization. You are also encouraged to interact with the other students in the class to share knowledge and information related to the content of each topic discussed. Exams POINTS: The four exams are worth 100 points each for a total of 400 points of the total grade. Each exam will cover approximately 4 chapters of material and consist of 50 multiple choice questions. Students will be allowed one class period to complete each exam. The exam dates are specified below in the schedule of assignments. Note: Please note the exam date below in the schedule of assignments. Further, please be aware that exams will not be completed late. Any exam which is not completed by the scheduled date will not be considered for grading resulting in a grade of -0- for the assignment. GRADING POLICY: Final Grade Structure: Final grades will be based on the following point system: Total Points Earned Total Points Earned 540 - 600 A 480 - 539 B 420 - 479 C 360 - 419 D 359 and below F Point Distribution: Point Distribution TOTAL Case Assignements - 5 case assignments - 10 points each 50 Company Research Paper 50 Exams – 4 Multiple Choice Exams - 100 points each 400 Class attendance/participation 100 Total Possible Points 600 ASSESSMENT OF STUDENT LEARNING PROGRAM: Metropolitan Community College is committed to continuous improvement of teaching and learning. You may be asked to help us to accomplish this objective. For example, you may be asked to respond to end of course surveys or questionnaires. In other cases, tests or assignments you are required to do for this course may be shared with faculty and used for assessment purposes. USE OF STUDENT WORK: By enrolling in classes offered by Metropolitan Community College, the student gives the College license to mark on, modify, and retain the work as may be required by the process of instruction, as described in the course syllabus. The institution shall not have the right to use the work in any other manner without the written consent of the student(s). INSTRUCTOR’S EXPECTATIONS OF STUDENTS INSTRUCTOR’S EXPECTATIONS OF STUDENTS Students are expected to attend class meetings and participate in assigned activities at least once per week and complete the assignments scheduled for that week by the due date listed in the schedule of assignments. An Instructor may request that a student be withdrawn from a course for failure to make satisfactory progress. A student who fails to meet the class attendance expectations noted previously may receive a final grade mark of FX, indicating an absencerelated failure, or a failing (F) grade. An FX is a final grade given to a student who stops attending a class, does not return, and fails. To remain eligible for financial aid students are responsible for meeting Satisfactory Academic Progress standards. Students will be notified by mail and will have five working days to respond to this notification. If a student does not respond within the 5 day period, it will be considered a request for withdrawal. After the first class meeting and through the Section Census Date of Friday, December 13, 2013, the instructor may disenroll (WX) students who have not attended any classes. The Section Census Date is December 13, 2013 and listed under the Important Dates for the course in the official Class Schedule at http://www.mccneb.edu/schedule/. There is no appeal for this disenrollment. Attendance and active participation and/or timely submission of assignments affects learning and grades. Also to remain eligible for financial aid, students are responsible for meeting Satisfactory Academic Progress standards. Students who have not attended any meetings up to and including the Section Census Date of December 13, 2013 may be dis-enrolled from the class. WX: After the first class meeting and through the Census Date, the instructor will disenroll (WX) students who have never attended. The Census Date is Friday, December 13, 2013 and listed under the Important Dates for the course in the official Class Schedule at http://www.mccneb.edu/schedule/. FX: A student who fails to meet class attendance expectations will receive a final grade of FX, indicating an absence-related failure. A student earning an FX grade prior to the end of the quarter may avoid receiving the failing grade by withdrawing from the course before the Last Date to Withdraw from Class. Expectations for the Learning Environment: Metropolitan Community College is committed to provide students a high quality learning experience with up-to-date equipment and facilities. Metro’s faculty and staff are professionals who are dedicated to making our College a great learning environment so that students can reach their educational goals. COMMUNICATION EXPECTATIONS: When you communicate with others in this course, you must follow the Student Code of Conduct (http://www.mccneb.edu/catalog/studentinformation.asp), which calls for responsible and cooperative behavior. Please think critically, ask questions, and challenge ideas, but also show respect for the opinions of others, respond to them politely, and maintain the confidentiality of thoughts expressed in the class. You may also wish to review information at http://www.albion.com/netiquette/.html. ACADEMIC HONESTY STATEMENT: Students are reminded that materials they use as sources for classwork may be subject to copyright protection. Additional information about copyright is provided on the library website at www.mccneb.edu/library or by your instructor. In response to incidents of student dishonesty (cheating, plagiarism, illegal peer-to-peer file sharing, etc.), the College imposes specific actions that may include receiving a failing grade on a test, failure in the course, suspension from the College, or dismissal from the College. Disciplinary procedures are available in the Advising/Counseling Centers or at www.mccneb.edu/procedures/V4_Student_Conduct_and_Discipline.pdf. STUDENT WITHDRAWAL: If you cannot participate in and complete this course, you should officially withdraw through My Services on the MCC My Way portal at myway.mccneb.edu or by calling Central Registration at 402-457-5231 or 1-800-228-9553. Failure to officially withdraw will result in either an attendance-related failure (FX) or failing (F) grade. The last date to withdraw is noted in the CLASS IDENTIFICATION section of this syllabus. LEARNING SUPPORT MCC's Academic Resource Centers, Math Centers, and Writing Centers offer friendly, supportive learning environments that can help students achieve educational success. Staff members in these centers provide free drop-in assistance with basic computing, reading, math, and writing skills. Self-paced, computer-assisted instructional support in reading, vocabulary, typing, English as a Second Language, and online course orientation is also available. Detailed information about the Academic Resource, Math, and Writing Centers is in the My Way portal, the College Catalog, and online at www.mccneb.edu/arc/. ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES: Metropolitan Community College will provide reasonable accommodations for persons with documented qualifying disabilities. It is the student’s responsibility to request accommodations from Disability Support Services (DSS) located in each Student Services Office. After students have arranged for accommodations with DSS, the student and instructor should privately discuss these accommodations. For further information, please contact DSS or visit www.mccneb.edu/dss/. TECHNOLOGY SUPPORT If you have difficulty connecting to the Internet, call your Internet provider. For assistance with student email, passwords, and most other MCC technology, contact the Help Desk at 457-2900 or mcchelpdesk@mccneb.edu. TECHNOLOGY RESOURCES: By using the information technology systems at MCC (including the computer systems and phones), you acknowledge and consent to the conditions of use as set forth in the Metropolitan Community College Procedures Memorandum on Acceptable Use of Information Technology and Resources. It is your responsibility as a student to be familiar with these procedures. The full text of the Procedures Memorandum may be found at the following website: http://www.mccneb.edu/procedures/X-15_Technology_Resources_Use.pdf SCHEDULE OF ASSIGNMENTS NOTICE: This syllabus sets forth below a tentative schedule of class topics, learning activities, quizzes and expected learning outcomes. However, the instructor reserves the right to modify this schedule to enhance learning for students. Any modifications will not substantially change the intent or objectives of this course and will conform to the policies and guidelines of Metropolitan Community College. All activity, test dates, and other important dates are also listed below. Week# Class Date Chapter Topic Homework/Exam Due Date Introductions Course syllabus Week 1 12/2/2013 12/4/2013 1 Business Change Week 2 12/9/2013 2 Ethics & Social Responsibility Case 1: 12/16/2013 Seventh Generation 12/11/2013 3 Economic Challenges in Business Week 3 12/16/2013 4 Competing in World Markets 12/18/2013 5 Forms of Ownership Week 4 12/23/2013 6 Entrepreneurship 1/8/2014 7 Management & Leadership 1/13/2014 8 Human Resources Management Week 6 1/15/2014 9 Communication 1/22/2014 10 Production & Operations Mgt. 1/29/2014 11 Marketing 2/3/2014 12 Distribution Strategies 2/5/2014 13 Promotion & Pricing Strategy Week 9 2/10/2014 2/12/2014 Case 3: Comet Skateboards 1/13/2014 Exam 2 Week 7 1/27/2014 Week 8 12/23/2013 Exam 1 1/6/2014 Week 5 Case 2: Smart Design Case 4: Zipcar and UNH 2/5/2014 Case 5: Pet Airways 2/12/2014 Exam 3 14 Technology Week 10 2/17/2014 15 Accounting 2/19/2014 16 The Financial System Week 11 2/24/2014 17 Financial Management Exam 4 2/26/2014 Company Research Paper Due 2013/14 Winter Quarter Important Dates Classes Begin ............................................................................................................... Dec 2 M Census Date/Tenth Day* .............................................................................................. Dec 13 F Last class day before Holiday Recess ..........................................................................Dec 23 M Holiday Recess/College Closed ................................................................Dec 25 W- Jan 1 W Holiday Recess ends for Staff/Faculty Report/Classes Resume .................................... Jan 2 Th Current Student (greater than 50 hours) Spring 2014 (13/SP) Registration begins ........Jan 6 M Current Student (less than 50 hours) Spring 2014 (13/SP) Registration begins ............ Jan 9 Th General Spring 2014 (13/SP) Registration begins ....................................................... Jan 15 W Martin Luther King Recess/College closed .............................................................Jan 20 M Fall Quarter Term Incomplete “I” Grades Due............................................................ Feb 12 W Classes End ................................................................................................................ Feb 26 W Winter grades due and posted by 7:00 a.m. ...............................................................March 3 M Student Withdrawal Deadline to “drop” a class without receiving a grade ... Varies by Class** Student Withdrawal Deadline to “drop” a class with a refund varies **...... See Refund Policy * Tenth Day is the date on which your enrollment level is checked. **To view the last day to withdraw “drop” a class to prevent receiving a grade, go to the class schedule found on line at http://www.mccneb.edu/schedule/classschedule.asp . Then, find the course section and click on the Important Dates link on the same line as the course title. Dates for each course section are automatically calculated based on the start and end dates and the number of sessions for a course. A student must withdraw by this date to avoid an “F” grade. Note: Schedule changes may have implications for students on Financial Aid. Check with the Financial Aid Office prior to any schedule changes at 402-457-2330. The Census Date is the date on which Financial Aid Student’s enrollment is checked to determine the type and amount of authorized funds for the quarter. Payment is based on enrollment as of that date. REFUND POLICY for Credit Courses A student is responsible for withdrawing “dropping” from a course(s) if unable to attend. Nonattendance or non-payment does not relieve a student from the obligation to pay. An official schedule change that reduces or terminates a student’s academic credit load may entitle the student to a refund. Go to “My Services” and click “Student Accounts”, then “Tuition Modeler” to see the refund percentage received through midnight of the same day you “drop” withdraw from a class. A link to the Student Information Calendar is available once logged in on MyWay. ACADEMIC CALENDAR: http://www.mccneb.edu/academics/calendar.asp