Date post: | 18-Jan-2016 |
Category: |
Documents |
Upload: | brook-daniel |
View: | 216 times |
Download: | 0 times |
Integrated Business Experience (IBE)
Learn Business. Develop Business Solutions
Integrated Business Experience
Designed to Allow You to Apply What You are Learning
Two Parts< Integrating Four Required Core Courses< Practicum
Integrating Courses
Integrated Business
Experience
MGMT 330
MGMT 346
MRKT 310
FINA 362
Integrating Courses
Use the Same Material as Other Sections of these Courses
Change is Interwoven Scheduling< Classes scheduled together as a block< Actual teaching schedule depends on needs of course
Content for one course could take more than 75 minutes in a day if it is needed for a topic
Other days the course content could be less, or even none
Focus of Scheduling is Just-In-Time Learning for the Practicum
Example of a Weekly Schedule
Time Mon. of Week 3 Time Wed. of Week 3
9:30-10:15 Ratio Analysis III 9:30-11:20 Quality Assurance I
10:15-10:25 Break 11:20-11:30 Break
10:25-11:30 Business Ethics I 11:30-1:00 Quality Assurance II
11:30-12:10 Lunch Break 1:00-1:40 Lunch Break
12:10-1:55 Organization Change 1:40-2:50 Quality Assurance III
2:05-3:15 Market Research I 3:00-4:15 Practicum
3:00-4:15 Practicum
Experience
…most management practitioners believe that it is best to learn and develop softer skills through practice with feedback…
-Pg. 23, Business Schools on an Innovation Mission
AACSB International Task Force Report, 2010
Practicum Structure (FINA/ACCT/IBUS/MGMT MRKT 499 )
Student-Run
Company
MBA Advisor
Course Content
Faculty Advisors
Student Company
Business Operations
Finance/Acct
Operations
Management
Other Functions
Charity Operations
Operations
Other Functions
Course of the Practicum
Organize Company
Develop Business
Plan
Apply for Loan
Manage Business Assess
Details-Fall IBE 9:30-4:15 MW You must apply for the program
< Ensure that you are or will be admitted to the COB*< Application will be in MH 150< Will take applications before registration starts so you
can guarantee access to the classes
You must take all five classes simultaneously
*Business minors and those in business-related programs may be approved, but COB students have priority access to seats
Application
The report also strengthens the argument for business schools to be tightly integrated in both academic and practice communities. We should move beyond debates about how far “the pendulum” should swing…
-Forward, Business Schools on an Innovation Mission
AACSB International Task Force Report, 2010
Phase I: Organize the Company
First Two Weeks< Team Expectations Contract< Temporary Elections< Company Expectations Contract< Company Leadership Elections< Company Rosters< Company Minutes & Action Items
Organization is completed during phase II< So the organizational structure reflects the idea
Phase II: Develop The Business Plan
Next Three Weeks< Preliminary List of Business Ideas< Preliminary List of Charity Ideas< Business SWOT< Service SWOT< Final Decisions on Business and Service< Develop Mission Statement
Form Functional Groups Develop Organizational Chart Develop Financials and Inventory Plan Develop Final Business Plan
Phase III: Apply for a Loan
Weeks 6 and 7 Create a Presentation from Business Plan Practice Presentation Turn in Loan Documents Present to Bank Loan Team Presentation may also include outside parties
< Make necessary changes to get loan approved
If get a loan, complete necessary final paperwork Final run-through of Accounting and Control
Systems
Phase IV: Manage the Business
Rest of the Semester Manage the Business Develop ongoing Reviews of Progress Periodic Reporting of Inventory to the Bank Develop a Personal IBE Reflection Pay off Loan Donate the Rest to the Chosen Charity Complete a Company Annual Report
Phase V: Assess
Last Week of Class Supervisor Feedback IBE Course Evaluations IBE Practicum Debrief Peer Evaluations Final Presentations