BS in Business - Family and Entrepreneurial Business Management

This program is offered by the Department of Management Studies

Entrepreneurship is the design, creation and management of one’s own business. It involves many phases related to developing, implementing as well as assuming risks. Family businesses are headed and run by family members. 

This area of emphasis caters to students who belong to families in business and who wish to preserve the continuity and wealth of their businesses from generation to generation. It is also intended for students who wish to start their own business, as it encourages entrepreneurship and the building of solid guidelines for future business start-ups.

The courses in this emphasis are designed in a way to address the complex workings and challenges of family-owned businesses. Not only will the student get working knowledge of the tools and concepts involved, they will also develop action plans for their family businesses and manage growth opportunities. In addition, they will acquire frameworks, analytical skills, techniques and decision-making tools that can be used in the growing entrepreneurial track. Coursework in this specialization will begin as soon as it is feasible.

Emphasis Curriculum

The changes in Liberal Arts and Sciences (LAS), business electives, and free electives requirements are applicable for the entering class of Fall 2021. Existing students may choose to follow the old or below new curriculum.

A minimum of 92 credits are required to graduate, distributed as follows:

  • Business Core Requirements (36 credits)
  • Emphasis Requirements (12 credits)
  • Other Requirements — Business Electives (12 credits)
  • LAS Requirements (30 credits)*
  • Free Electives (8 credits)

* The core business courses ECO201 and ECO202 fulfill 6 of these credits, as they are also LAS Social Sciences requirements.

Business Core Requirements (36 credits)

  • ACC203 Financial Accounting (3 cr.)
  • ACC204 Managerial Accounting (3 cr.)
  • BUS213 Business Law & Ethics (3 cr.)
  • BUS299 Civic Engagement (0 cr.)
  • ECO201 Microeconomics (3 cr. )
  • ECO202 Macroeconomics (3 cr.)
  • FIN301 Managerial Finance (3 cr.)
  • ITM211 Information Technology Management (3 cr.)
  • MGT201 Introduction to Management (3 cr.)
  • MGT420 Strategic Planning & Policy Formulation (3 cr.)
  • MKT201 Introduction to Marketing (3 cr.)
  • OPM301 Operation & Production Management (3 cr.)
  • QBA201 Managerial Statistics (3 cr.)

Emphasis Requirements (12 credits)

  • FEM304 Family Business Management (3 cr.)
  • FEM312 Digital Entrepreneurship (3 cr.)
  • FEM333 Venture Capital Entrepreneurial Financing (3 cr.)
  • FEM410 Corporate Governance (3 cr.) 

Other Requirements (12 credits)

Business Electives: Choose any 12 credits of the following courses:

Block A: Minimum 6 credits Maximum 12 credits

  • FEM301 Entrepreneurship and Small Business Management (3 cr.)
  • FEM311 Small Bus. Start-Up Lab. (3 cr.)
  • FEM322 Entrepreneurial Marketing (3 cr.)
  • FEM488 Sp.Top. Fam. & Entr.Bus (3 cr.)
  • FIN302 Financial Institutions and Markets (3 cr.)
  • IBS311 Managing Multinational Corporations (3 cr.)
  • MGT301 Organizational Behavior (3 cr.)
  • MGT401 Project Management (3 cr.)
  • MGT411 Innovation and Entrepreneurship Human Resources Management (3 cr.)
  • MGT441 Human Resources Management (3 cr.)

Block B: Maximum 6 credits

1- Soft Skills: Maximum 3 credits

  • MGT236 Communication Skills (1 cr.)
  • MGT336 Developing a Business Plan (1 cr.)
  • MGT338 Negotiation Skills (1 cr.)
  • MGT436 Personality & Career Development (1 cr.)
  • MGT438 Leadership Skills (1 cr.)
  • FEM399 Internship/Practicum (1 cr.) 

2- Vertically Integrated ProjectsMaximum 3 credits

  • VIP201 (1 cr.)
  • VIP301 (1 cr.)
  • VIP401 (1 cr.)

 3- Other Electives 

  • BDA211 Introduction to Applied Data Analytics (3 cr.)
  • BUS311 Research Methods (3 cr.)
  • QBA301 Intermediate Managerial Statistics (3 cr.)

LAS Requirements (30 credits)

Free Electives (8 credits)

Recommended Study Plan

Year One

Fall (15 credits)

  • ACC203 Financial Accounting (3 cr.)
  • MGT201 Introduction to Management (3 cr.)
  • ECO201 Microeconomics (3 cr.)
  • ENG202 Liberal Arts Core (3 cr.)
  • Liberal Arts Elective (3 cr.)

Spring (16 credits)

  • ACC204 Managerial Accounting (3 cr.)
  • ECO202 Macroeconomics (3 cr.)
  • MKT201 Introduction to Marketing (3 cr.)
  • ENG203 Liberal Arts Core (3 cr.)
  • Liberal Arts Elective (3 cr.)
  • Free Elective (1 cr.)

Year Two

Fall (15 credits)

  • QBA201 Managerial Statistics (3 cr.)
  • ITM211 IT Management I (3 cr.)
  • FEM312 Digital Entrepreneurship (3 cr.)
  • Business Elective I (3 cr.)
  • Liberal Arts Elective (3 cr.)

Spring (16 credits)

  • BUS213 Business Law & Ethics (3 cr.)
  • FIN301 Managerial Finance   (3 cr.)
  • OPM301 Operations & Production Management  (3 cr.)
  • FEM304 Family Business Management (3 cr.)
  • Liberal Arts Elective  (3 cr.)

Year Three

Fall (16 credits)

  • BUS299 Civic Engagement (0 cr.)
  • FEM333 Venture Capital & Entrepreneurial Financing (3 cr.)
  • Business Elective II  (3 cr.)
  • Business Elective III  (3 cr.)
  • Liberal Arts Elective  (3 cr.)
  • Free Elective (3 cr.)
  • Free Elective (1 cr)

Spring (15 credits)

  • MGT420 Strategic Planning & Policy Formation (3 cr.)
  • FEM410 Corporate Governance (3 cr.)
  • Business Elective IV (3 cr.)
  • Liberal Arts Elective (3 cr.)
  • Free Elective (3 cr.)

Career Prospects

The emphasis will support the candidate in understanding the dynamics of their family business, enabling them to be part or run their company and reach their business goals. The candidate will be able to assume managerial responsibilities and envision new ventures and business plans.