1. Principles of Business Management and Entrepreneurship
Course Description: This is one of two foundation courses required for all pathways in the Business Management and Finance Career Cluster and is essential to all pathways. This course provides a foundational understanding of the role of business in a global society, American business as a dynamic process, forms of business ownership, management concepts, marketing, production and distribution, and accounting and finance. Also, students explore their entrepreneurial abilities to generate their own business ideas. Entrepreneurship refers to an individual’s ability to turn ideas into action. It includes creativity, innovation and taking calculated risk, as well as the ability to plan and manage projects in order to achieve objectives. This supports everyone in day-to-day life at home and in society; makes employees more aware of the context of their work and better able to seize opportunities, and provides a foundation for entrepreneurs establishing a social or commercial activity. Along with a brief historical perspective, business terminology and principles will be emphasized for business management, creativity, and entrepreneurship. Students will learn to analyze the functions of business through evaluating, planning, organizing, and controlling. Students will develop the communication skills that will be necessary for success in the workplace and college. Students will be expected to think analytically; improve written and oral communication skills; enhance listening and questioning skills; learn and practice the art of conversation; improve public speaking skills; broaden their awareness of career options; practice using teamwork to make decisions and solve problems; and learn why people skills, communications skills, and networking skills can help them succeed in their careers. Students will generate correspondence and communicate using Microsoft Word and related technologies. Students will understand the business world and be more prepared to meet their career goals and objectives.
Upon completion, the student will know and be able to:
- Describe fundamental business concepts, key terminology, and the role of business in society;
- Apply creative thinking and imagination in business planning for innovative entrepreneurial business ideas;
- Discuss major business management theories concepts such as Human Relations Approach, and Scientific Management;
- Implement the use of Microsoft Word to communicate effectively and professionally for business transactions. This may include Computer Lab Hours up to 25% of the course;
- Discuss oral, written, organizational, interpersonal, and leadership business communications skills;
- Identify core business ethics and business law concepts such as Intellectual property and International trade law;
- Discuss different career options in business, including training required and individual choices and career planning
2. Principles of Accounting and Finance
Course Description: This is the second of two foundation courses required for all programs of study in the Business Management and Finance Career Cluster and is essential to all pathways. This course provides students with the knowledge necessary to manage and maintain a company’s financial resources in daily operating decisions. A mastery of fundamental accounting concepts, skills and competencies is essential to making informed business decisions. Students will learn to apply generally accepted accounting principles to determine the value of assets, liabilities, and owner’s equity as they apply to various forms of manual and computerized systems for service and merchandising business. Students will apply appropriate accounting principles to payroll and tax liabilities. Students will use Microsoft Excel to apply the accounting knowledge and skills to analyze, evaluate, and understand the accounting principles. Students will identify positions and career paths in the field of accounting and will examine the role of ethics and social responsibility in decision making.
Upon completion, the student will know and be able to:
- Recognize and define basic accounting principles, concepts, and terminology using Generally Accepted Accounting Principles (GAAP) as it applies to assets, liabilities, and owner’s equity;
- Explain the forms of businesses and the purpose of all steps of the accounting cycle for the different types of business entities and recognize, explain, and associate elements in an income statement;
- Apply basic accounting principles to prepare and complete payroll and tax records;
- Use MS Excel as a tool to implement accounting principles and skills in analyzing business documents. This may include Computer Lab Hours up to 25% of the course;
- Apply internal controls to maintain and protect cash within the organization;
- Assess the financial condition and operating results of a company by analyzing and interpreting balance sheets, income statements, and other information to make informed business decisions;
- Discuss ethical and legal issues in business and accounting such as the Federal Sentencing Guidelines for Organizations (FSGO) and the Sarbanes Oxley Act (SOX); and
- Discuss careers in accounting, and identify the role that accountants play in business and society
3. Advanced Business Management
Course Description: This course is designed to be the first of two sequential business management courses of the completer requirement for students enrolled in the Business Management pathway. This course provides students with the knowledge that will prepare them for post-high school levels of education and entry-level positions in the work force. Focus will be on the role of business in society; the changing nature of contemporary business practices; major management concepts, theories, and theorists, the processes of management (functional, operational, human relations), business law and ethics, and business communications. Career pathways will be examined and the use of business management knowledge in a variety of career clusters is also explored. Awareness of ethical issues and application of ethical decision-making models will be reinforced throughout the course. Students will understand the business world and be more prepared to meet their career goals and objectives. Upon completion, opportunities will be made for students to earn college credit through such methods as articulation agreements with local colleges, dual enrollment and the Principles of Management CLEP exam.
Upon successful completion of the course, each student will be able to:
- Analyze and critique fundamental business concepts, apply key terminology, and describe the role of business in society such as the American enterprise system;
- Discuss the interrelatedness of role and functions of marketing, production, distribution, accounting, and financial services in business practice;
- Analyze and apply major management concepts, theories such as TQM, Theory Z and Scientific
- Management and theorists;
- Evaluate the processes of management (functional, operational, human relations);
- Discuss International Management and Contemporary Issues such as regional economic integration and government regulation;
- Apply oral, written, organizational, interpersonal, and leadership business communications skills; and,
- Explore different career options in business and prepare a career plan such as comparing the characteristics of the American enterprise system with other economic systems.
4. Business Management and Entrepreneurship Capstone
Course Description: This course is designed to be the second of two sequential business management courses of the completer requirement for students enrolled in the Business Management pathway. Students will apply the knowledge and skills acquired in previous business management courses to settings through the Business Management and Entrepreneurship Final Capstone Project. Students will participate in an end-of-course final project that will involve intense problem- solving in business management.
Students will complete a research paper, business plan, or senior independent capstone project by the end of this course to include the below criteria.
- Create a SWOT analysis of the company;
- Conduct an in-depth research study of the company to determine the challenges the company has faced;
- Create solutions for success that will enable the company to make a turn-around;
- Students will produce a formal professional report analyzing the situation and propose applicable solutions before a Board;
- Have a resume that reflects their interest to pursue a career in Business Management;
- Participate in a school-based seminar class at least one time per week to share experiences;
- Prepare a professional portfolio that aligns to the DECA or FBLA portfolio requirements containing, but not limited to, an updated resume, school transcript, letters of reference, achievements and awards, community project participation, and projects;
- Apply the learned entrepreneurial skillset to the Capstone final project OR plan to implement and open your own business through the development of a business plan;
- Align the project with DECA or FBLA competitive events requirements; and
- Present it to a panel of industry representatives within a school setting or through DECA or FBLA competitive event competitions.
knowledge to manage and maintain a company’s financial resources by applying generally accepted accounting principles to determine the value of assets, liabilities, and owner’s equity; and to prepare,
interpret, and analyze financial statements. Office
Systems Management I & II provide students with a study of basic and advanced business practices, information systems, and computer applications with a focus in obtaining advanced Microsoft Word, PowerPoint, and Excel knowledge.