1 REQUEST TO COLLEGE CURRICULUM COMMITTEE FOR CURRICULAR IMPROVEMENTS DEPARTMENT: MGMT PROPOSED EFFECTIVE SEMESTER: Fall 2014 COLLEGE: Business PROPOSED IMPROVEMENTS Academic Program Substantive Course Changes Misc. Course Changes New degree* New course Title New major* Pre or Co-requisites Description (attach current & proposed) New curriculum* Deletion (required by others) Deletion (not required by others) New concentration* Course #, different level Course #, same level New certificate Credit hours Variable credit New minor Enrollment restriction Credit/no credit Revised major Course-level restriction Cross-listing Revised minor Prefix Title and description COGE reapproval Admission requirements (attach current & proposed) Other (explain**) Graduation requirements General education (select one) Deletion Transfer Not Applicable Other (explain**) Other (explain**) ** Other: Title of degree, curriculum, major, minor, concentration, or certificate: Entrepreneurship Existing course prefix and #: Proposed course prefix and #: Credit hours: Existing course title: Proposed course title: Existing course prerequisite & co-requisite(s): Proposed course prerequisite(s) If there are multiple prerequisites, connect with and or or. To remove prerequisites, enter none. Proposed course co-requisite(s) If there are multiple corequisites, they are always joined by and. Proposed course prerequisite(s) that can also be taken concurrently: Is there a minimum grade for the prerequisites or corequisites? The default grades are D for undergraduates and C for graduates. Major/minor or classification restrictions: List the Banner 4 character codes and whether they should be included or excluded. For 5000 level prerequisites & corequisites: Do these apply to: (circle one) undergraduates graduates both Specifications for University Schedule of Classes: a. Course title (maximum of 30 spaces): b. Multi-topic course: No Yes c. Repeatable for credit: No Yes d. Mandatory credit/no credit: No Yes e. Type of class and contact hours per week (check type and indicate hours as appropriate) 1. Lecture 3. Lecture/lab/discussion 5. Independent study 2. Lab or discussion 4. Seminar or studio 6. Supervision or practicum CIP Code (Registrar s use only): Chair/Director Chair, College Curriculum Committee Date Date Dean Date: Graduate Dean: Date Curriculum Manager: Return to dean Date Forward to: Date Chair, COGE/ PEB / FS President FOR PROPOSALS REQUIRING GSC/USC REVIEW: Date * Approve Disapprove Chair, GSC/USC Date * Approve Disapprove Provost Date Revised May All previous forms are obsolete and should not be used.
2 1. Explain briefly and clearly the proposed improvement. This curriculum change form () creates an Entrepreneurship Major in the Haworth College of Business. While interdisciplinary, the major will be administered in the Management department. In addition to this change form (), change forms HCoB 1213 through 2213 are required to implement the curriculum for the Entrepreneurship Major, specifically: HCoB 1213: Name and description change to MGMT 4140 HCoB 1313: Create a new course, MGMT 3340, Business Model Design * HCoB 1413: Create a new course, MKTG 3340, Entrepreneurial Marketing HCoB 1513: Create a new course, FIN 3330, Small Business Finance HCoB 1613: Create a new course, FIN 3340, Funding New & Growing Ventures HCoB 1713: Create a new course, MGMT 4340, Family Business Management ** HCoB 1813: Create a new course, MGMT 4350, The Social Entrepreneur HCoB 1913: Create a new cross-listed course, MGMT 4360, Technology Entrepreneurship HCoB 2013: Create a new cross-listed course, CIS 4360, Technology Entrepreneurship HCoB 2113: Create a new course, LAW 4880, Legal Aspects of Entrepreneurship HCoB 2213: Create a new course, MGMT 4380, Entrepreneurship Practicum * The proposed MGMT Business Model Design course has previously been taught at WMU by Barcley Johnson as a special topics course. ** The proposed MGMT Family Business Management course has been taught previously at another university by Laurel Ofstein (at the University of Illinois at Chicago), and will be taught as a special topics course in the Fall Rationale. Give your reason(s) for the proposed improvement. (If your proposal includes prerequisites, justify those, too.) As a result of the change in the business environment, the focus on entrepreneurship has increased. This is evident in the focus by the United States government on entrepreneurship to revive the economy and increase the number of meaningful jobs. In addition, this is evident in the demand by students for entrepreneurship courses at universities around the country and universities adjusting to demand by adding entrepreneurship courses and full programs that include degrees (majors, minors, and certificate programs). It is envisioned that the Entrepreneurship program at WMU will focus on the creation of economic and social value by developing core capabilities of idea generation, opportunity recognition, resource acquisition, and entrepreneurial management. Entrepreneurship students will learn to shape entrepreneurial opportunities and assess financial feasibility. Additionally, students will have the opportunity to form teams, construct business models, interact with partners and customers, assess feasibility, and in some cases, launch a new venture or initiative. The Entrepreneurship program is to provide students the opportunity to gain skills and competencies that are vital for the success of any business or organization including startups, small businesses, family businesses, franchises, corporations, and nonprofit and global organizations.
3 3. Effect on other colleges, departments or programs. If consultation with others is required, attach evidence of consultation and support. If objections have been raised, document the resolution. Demonstrate that the program you propose is not a duplication of an existing one. The impact of adding an Entrepreneurship Major, along with the addition of a minor and other entrepreneurship-related activities (WMU Entrepreneur Club, university incubator/accelerator, entrepreneurship competitions, etc.), should have a positive effect on the university as a whole, and for the individual colleges, departments, and programs. Students will be able to have the choice of putting entrepreneurship at the center of their studies and adding technical skills through the track options, or putting their technical skills at the center of their studies while adding entrepreneurial skills to their knowledge base. There could possibly be a pull of students from the Management Major, and possibly other majors in the College of Business. However, there is also the probability that additional students will be excited about the Entrepreneurship Major that will bring in more students to WMU and the College of Business which would not have normally decided to attend the university. This has been seen in peer universities in Michigan, such as Eastern Michigan University, Central Michigan University, Michigan Technical University, and Grand Valley State Universities, as well as universities across the country. 4. Effect on your department s programs. Show how the proposed change fits with other departmental offerings. This change will strengthen the Department of Management, as well as the College of Business, and the university as a whole. There is a positive impact in the association with the renewed focus on entrepreneurship within the Department of Management and the recent addition of dedicated faculty in the area of entrepreneurship. The addition of the Entrepreneurship Major will strengthen the Department of Management, as well as assist in supporting the entrepreneurial initiatives across colleges on the campus. 5. Effects on enrolled students: Are program conflicts avoided? Will your proposal make it easier or harder for students to meet graduation requirements? Can students complete the program in a reasonable time? Show that you have considered scheduling needs and demands on students time. If a required course will be offered during summer only, provide a rationale. The creation of the Entrepreneurship Major will give students more flexibility in tailoring their program of study, and support additional study in areas within the College of Business initially and across campus in the future. 6. Student or external market demand. What is your anticipated student audience? What evidence of student or market demand or need exists? What is the estimated enrollment? What other factors make your proposal beneficial to students? There is currently an increasing demand for entrepreneurship content at peer universities. In fact, currently WMU is behind in its offering in the area compared to peer universities. Specific examples include entrepreneurship offerings offered at Central Michigan University, Eastern Michigan University, Michigan Technical University, and Grand Valley State University that have a high demand and are not offered at WMU. These programs are at the undergraduate program, which is what we are proposing for this major (and the minor). However, the program can also be seen taking flight at the University of Michigan at the graduate level where they have a Master of Entrepreneurship program. In addition, the HCoB Advisory Board members, college administrators, and university administrators have expressed support for increasing the entrepreneurship programs on campus. Enrollment is expected to ramp up to students during the time period, and will be controlled via an application process. At full capacity, the goal is to graduate students per year in the Entrepreneurship program. This is similar to the growth of the ISM program when that program was started in the early 1990s.
4 7. Effects on resources. Explain how your proposal would affect department and University resources, including faculty, equipment, space, technology, and library holdings. Tell how you will staff additions to the program. If more advising will be needed, how will you provide for it? How often will course(s) be offered? What will be the initial one-time costs and the ongoing base-funding costs for the proposed program? (Attach additional pages, as necessary.) In the last two years, the Department of Management has added additional faculty dedicated to the study and teaching of entrepreneurship. There will be additional courses added. For the most part, the current faculty members will teach these additional courses, so there will not be any immediate need of new faculty members to teach courses in the Entrepreneurship Major. In addition, other departments in the College of Business have indicated their willingness to teach the courses in their department (Finance, Marketing, and BIS). The timetable for roll out of the Entrepreneurship Major is Fall 2014, with the first group of majors would graduate Spring A resource analysis has been performed to determine if there will be additional resources required in the initial years of the major based upon the courses that will be offered, the number of sections for each course, and the number of students projected to be in the major at any given time. The analysis indicates that no new resources have to be added to operate the major. See appendix A for the resource analysis. 8. General education criteria. For a general education course, indicate how this course will meet the criteria for the area or proficiency. (See the General Education Policy for descriptions of each area and proficiency and the criteria. Attach additional pages as necessary. Attach a syllabus if (a) proposing a new course, (b) requesting certification for baccalaureate-level writing, or (c) requesting reapproval of an existing course.) Not applicable. 9. List the learning outcomes for the proposed course or the revised or proposed major, minor, or concentration. These are the outcomes that the department will use for future assessments of the course or program. The overall purpose of the Entrepreneurship Major is to provide students with the ability to understand how new business ideas and new companies come to fruition by entrepreneurs, and possibly start their own company around their own business ideas. More specifically, graduates with an Entrepreneurship Major will have the following knowledge, skills and abilities: 1. The ability to discover, recognize, and/or create an opportunity that leads to a new business or an innovation within a business. 2. The ability to assess market feasibility for a new business idea, including determining the market size and potential demand for the product/service, the needs of the customers and price expectations, determine who the competitors are, and how the product/service can be adapted to address the competition. 3. The ability to construct business models and plans to fully understand the primary drivers of a startup as well as an established business. 4. The ability to design and implement sales and marketing strategies appropriate to new, small, and growing firms. 5. The skills to manage the human resources of new, small, and growing firms, including putting together a founding team, hiring employees, and developing talent. 6. A thorough understanding of the financial position of new, young, and small firms from the perspective of an entrepreneur, a lender, and an investor. Graduates will be able to construct, read, and draw practical insights from the financial statements of a venture (especially the cash flow statement), determine the amount of money an entrepreneur requires to successfully start and operate a venture, calculate the valuation of a venture, critically evaluate the various debt and equity
5 sources of financing available to new, young, and small firms, formulate a deal structure and negotiating terms for funding a new startup venture or restructuring a company in financial distress. 7. The knowledge of how to be resourceful and properly manage the limited resources in new, young, and small firms. 8. The ability to evaluate the progress of an entrepreneurial enterprise and make appropriate and timely adjustments to the business operations and strategy. 10. Describe how this curriculum change is a response to assessment outcomes that are part of a departmental or college assessment plan or informal assessment activities. Informal research with current students has indicated that current and perspective WMU students would like to have more options for focusing on entrepreneurship-related education. In addition, the local business community has expressed the need for the creation of an entrepreneurship program. Several community members have written letters to indicate the need for such an entrepreneurship program at WMU. Over the years the Management Department has been able to offer individual entrepreneurship-related courses to suffice the historical demand. These activities by the faculty members have built a strong fabric from which to build the entrepreneurship program. However, with the increasing demand by the students and the business community for a more cohesive and concerted entrepreneurship initiative by WMU, it is time to address their demand head on. One way to address this demand is by providing a major for College of Business students. This can be done with the resources from multiple departments at the College of Business. A concerted effort to build an entrepreneurship program that is cohesive in nature is a fundamental method to suffice the needs of the students and the business community. 11. (Undergraduate proposals only) Describe, in detail, how this curriculum change affects transfer articulation for Michigan community colleges. For course changes, include detail on necessary changes to transfer articulation from Michigan community college courses. For new majors or minors, describe transfer guidelines to be developed with Michigan community colleges. For revisions to majors or minors, describe necessary revisions to Michigan community college guidelines. Department chairs should seek assistance from college advising directors or from the admissions office in completing this section. One of the existing courses, MGMT 2140 Exploring Entrepreneurship, is used in the new major and is eligible for community college transfer. All other new courses in the major are at the level, and thus are not eligible for community college transfer.
6 Entrepreneurship Major (33 hours) The Entrepreneurship Major provides students with a strong foundation in entrepreneurial concepts along with the flexibility to specialize in a secondary area based on academic tracks, or take courses to obtain a minor or another major. Because the resources required for this major are limited, there is an acceptance process for students seeking to pursue the Entrepreneurship degree. Upon acceptance into the Haworth College of Business, students requesting the Entrepreneurship Major will be conditionally designated as an Entrepreneurship Major to facilitate registration for courses. Acceptance will only be confirmed when the student completes the application process, has completed the MGMT 2140 course, and is accepted into the program. Students who either do not complete the application process or who are not accepted into the program will be removed from any classes restricted to students in the Entrepreneurship Major. Students must complete the application process for spring semester admission by December 1 and will be notified of their status no later than December 15. The application process for acceptance in fall semester must be completed by May 1 and students will be notified of their status no later than June 1. Students must begin the application process in the Haworth College of Business Office of Advising and Admissions, 2130 Schneider Hall. Students applying to the Entrepreneurship program must be eligible for and complete an application to the Haworth College of Business or already be accepted into the Haworth College of Business. In addition to the curriculum requirements for all students pursuing the Bachelor of Business Administration Degree, Entrepreneurship majors must complete 24 credit hours in the following: MGMT 2140 Exploring Entrepreneurship (Credits: 3 hours) MGMT 3340 Business Model Design (Credits: 3 hours) MKTG 3340 Entrepreneurial Marketing (Credits: 3 hours) MKTG 3600 Professional Selling (Credits: 3 hours) FIN 3330 Small Business Finance (Credits: 3 hours) FIN 3340 Funding New & Growing Ventures (Credits: 3 hours) MGMT 4140 Building the Business (Credits: 3 hours) Capstone Course And one of the following: MGMT 3140 Small Business Management (Credits: 3 hours) - OR - MGMT 4340 Family Business Management (Credits: 3 hours) - OR - MGMT 4380 Entrepreneurship Practicum (Credits: 3 hours) Students are given the flexibility to focus their course work in a specific area by taking 9 credit hours from one of the tracks outlined below, another major, or a minor. If students select to follow a track by taking electives, they must take all 9 credits within one track. Courses in a given track cannot be counted towards another major or minor.
7 Electives Select three additional courses (9 credit hours) from any of the following tracks: Entrepreneurship-focused Track MGMT 3140 Small Business Management * (Credits: 3 hours) MGMT 4340 Family Business Management * (Credits: 3 hours) MGMT 4350 The Social Entrepreneur (Credits: 3 hours) BIS/MGMT 4360 Technology Entrepreneurship (Credits: 3 hours) LAW 4360 Entrepreneurship and Law (Credits: 3 hours) * If students choose to take MGMT 3140 Small Business Management or MGMT 4340 Family Business Management, as an elective, they cannot count either one of the courses towards the Capstone course requirement for the major. Business Information Systems Track Information Systems Focus CIS Business Application Programming (Credits: 3 hours) CIS Internet Programming (Credits: 3 hours) CIS Systems Analysis and Design (Credits: 3 hours) CIS 4600 Business Database Applications (Credits: 3 hours) Mobile Commerce Focus CIS Business Mobile Programming (Credits: 3 hours) CIS Business Web Architecture (Credits: 3 hours) CIS Mobile Commerce Development (Credits: 3 hours) E-Business Focus CIS 2800 Internet Programming (Credits: 3 hours) CIS Web Applications for Business (Credits: 3 hours) CIS 3900 Business Web Architecture (Credits: 3 hours) Business/Data Analytics Focus CIS 2640 Business Reporting and Analysis (Credits: 3 hours) CIS 3640 Business Analytics (Credits: 3 hours) CIS Information Technology Project Management (Credits: 3 hours) Networking/Infrastructure Focus CIS Networking and Data Communications (Credits: 3 hours) CIS Information Assurance and Compliance (Credits: 3 hours) CIS 5550 Topics in Computer Information Systems (Credits: 3 hours) Finance Track FIN 3300 Real Estate Fundamentals (Credits: 3 hours) FIN 3310 Real Estate Finance (Credits: 3 hours) FIN 3410 efinance (Credits: 3 hours) FIN Computer Applications in Finance (Credits: 3 hours) FIN 3600 Risk and Insurance (Credits: 3 hours) FIN 3710 Personal Finance Planning (Credits: 3 hours) FIN 3720 Estate Planning (Credits: 3 hours) FIN 4120 Global Financial Markets (Credits: 3 hours) FIN 4140 Management of Financial Institutions (Credits: 3 hours)
8 FIN 4250 Short Term Financial Management (Credits: 3 hours) FIN 4320 Real Estate Investments (Credits: 3 hours) FIN 4330 Real Estate Appraisal (Credits: 3 hours) FIN 4370 Real Estate Management (Credits: 3 hours) Management Track MGMT 3010 Project Management (Credits: 3 hours) MGMT 3500 Managing Diversity in Organizations (Credits: 3 hours) MGMT 3520 Human Resource Management (Credits: 3 hours) MGMT 4020 Leadership in Business Organizations (Credits: 3 hours) MGMT 4040 Business and Society (Credits: 3 hours) MGMT 4100 Multinational Management (Credits: 3 hours) MGMT 4540 Employment Relations (Credits: 3 hours) MGMT 4650 Managing for Quality (Credits: 3 hours) Marketing Track MKTG 2900 Introduction to Food and CPG Industries (Credits: 3 hours) MKTG 3710 Marketing Research (Credits: 3 hours) MKTG 3730 Internet Marketing (Credits: 3 hours) MKTG 3740 Advertising and Promotion (Credits: 3 hours) MKTG 3760 Sales Management (Credits: 3 hours) MKTG 3770 Sales Promotion (Credits: 3 hours) MKTG 3800 Sport Marketing (Credits: 3 hours) MKTG 4750 International Marketing (Credits: 3 hours) MKTG 4770 Consumer Behavior (Credits: 3 hours) MKTG 4860 Marketing Strategy (Credits: 3 hours) - Or - Instead of the elective tracks, students may choose to earn a minor or a second major in the following areas if offered and available: accounting, computer information systems, finance, food and consumer package goods marketing, foreign language, international business, management, marketing, or sales and business marketing. Additional Information: Creativity and innovation is a vital part of entrepreneurship in regards to discovering opportunities, being resourceful, and creating a competitive advantage for both new and established firms. There is no one course in the curriculum that focuses on creativity and innovation. Rather, creativity and innovation activities and topics are integrated into the curriculum of the courses throughout the entrepreneurship program. Students take two courses of accounting as part of the general requirement for the Bachelor of Business Administration: ACTY 2100 Principles of Accounting I and ACTY 2110 Principles of Accounting II. Students are expected to understand accounting principles as part of the finance courses that are in the curriculum. Thus, the two principles of accounting courses will be necessary for students in the Entrepreneurship Major. If students want to learn more about finance, accounting, and tax issues, they are advised to pursue a major or a minor in accounting or finance to go along with their Entrepreneurship Major. An information sheet for how to obtain an Accounting minor with an Entrepreneurship Major is available. It is encouraged that students are familiar with computer technology, as computers are a necessity in today s businesses. Courses can be taken in the BIS department to improve one s knowledge of computer technology as it relates to business. As part of the globally engaged theme at WMU, entrepreneurship students are encouraged to look for and take advantage of global opportunities through study abroad programs. In addition, instructors in the entrepreneurship program have the
9 possibility of integrating a global business activity in their courses by working with entrepreneurship around the world and/or with partner Universities in other countries (e.g. Hogeschool Utrecht University The Netherlands, University of Passau Germany, Swinburne University - Australia). [ Two example students schedules have been provided in Appendix B to illustrate how students can complete the courses required in the major within 4 years. ] [ The information sheet on how to obtain an Accounting minor with an Entrepreneurship Major is available in Appendix C. ]
10 Appendix A: Resource Analysis Entrepreneurship+Major+Schedule Availability)of)Course)Offerings)per)Semester ) Fall Spring Summer+I Summer+II Required)Courses MGMT)2140 Exploring)Entrepreneurship X X MGMT)3340 Business)Model)Design X X MKTG)3340 Entrepreneurial)Marketing X MKTG)3600 Professional)Selling X X FIN)3330 Small)Business)Finance X FIN)3340 Funding)New)&)Growing)Ventures X MGMT)4140 Building)the)Business X X MGMT)3140 Small)Business)Management X X MGMT)4340 Family)Business)Management X X MGMT)4380 Entrepreneurship)Practicum X Electives in)the)entrepreneurshiptfocused)track MGMT)4350 The)Social)Entrepreneur X MGMT)4360 Technology)Entrepreneurship X LAW)4880 Legal)Aspects)of)Entrepreneurship X
11 Entrepreneurship+Major+Schedule Resource(Management(/(Faculty(Scheduling Required(Courses ( Fall Spring MGMT(2140 MGMT(3340 MKTG(3340 MKTG(3600 FIN(3330 FIN(3340 MGMT(4140 MGMT(3140 MGMT(4340 MGMT(4380 Exploring(Entrepreneurship Barcley(Johnson Barcley(Johnson BBB(Section(2 John(Mueller Laurel(Ofstein Business(Model(Design Barcley(Johnson Barcley(Johnson Entrepreneurial(Marketing Steve(Newell Steve(Newell Professional(Selling Kelly(O'Reilly Kelly(O'Reilly BBB(Section(2 John(Idema John(Idema Small(Business(Finance James(DeMello Funding(New(&(Growing(Ventures Devrim(Yaman Building(the(Business Laurel(Ofstein Barcley(Johnson Small(Business(Management Tom(Carey Tom(Carey Family(Business(Management Laurel(Ofstein Laurel(Ofstein Entrepreneurship(Practicum John(Mueller Electives in(the(entrepreneurshipbfocused(track MGMT(4350 MGMT(4360 LAW(4880 The(Social(Entrepreneur Technology(Entrepreneurship Legal(Aspects(of(Entrepreneurship John(Mueller Norman(Hawker John(Mueller
12 Entrepreneurship+Major+Schedule Resource(Management(/(Faculty(Scheduling Teaching(load(for(faculty(teaching(classes(in(the(core(curriculm(and(entrepreneurshipM focused(track(of(the(entrepreneurship(major Faculty ( Fall Spring Tom(Carey 1 1 James(DeMello 1 0 Norman(Hawker 1 0 John(Idema 1 1 Barcley(Johnson 2 3 John(Mueller 2 2 Steve(Newell 1 1 Kelly(O'Reilly 1 1 Laurel(Ofstein 2 2 Devrim(Yaman 0 1
13 Appendix B Sample Schedules for Students Entrepreneurship+Major,+with+an+Entrepreneurship2focused+Track+(w/+Practicum) Semester-/-Course Credits Sophmore-.-Fall-Semester None Sophmore-.-Spring-Semester MGMT(2140 Exploring(Entrepreneurship 3!!!!!"Accepted"into"the"Entrepreneurship"Major"!!!!! Junior-.-Fall-Semester MGMT(3340 Business(Model(Design 3 MKTG(3340 Entrepreneurial(Marketing 3 FIN(3330 Small(Business(Finance 3 Junior-.-Spring-Semester MKTG(3600 Professional(Selling 3 FIN(3340 Funding(New(&(Growing(Ventures 3 MGMT(4350 The(Social(Entrepreneur 3 Senior-.-Fall-Semester MGMT(4140 Building(the(Business 3 MGMT(4360 Technology(Entrepreneurship 3 LAW(4880 Legal(Aspects(of(Entrepreneurship 3 Senior-.-Spring-Semester MGMT(4380 Entrepreneurship(Practicum 3 Total-Credits 33
14 Entrepreneurship+Major,+with+an+Entrepreneurship2focused+Track+(w/+Famliy+Business+Mgmt) Semester-/-Course Credits Sophmore-.-Fall-Semester MGMT$2140 Exploring$Entrepreneurship 3!!!!!"Accepted"into"the"Entrepreneurship"Major"!!!!! Sophmore-.-Spring-Semester MGMT$3340 Business$Model$Design 3 Junior-.-Fall-Semester MKTG$3340 Entrepreneurial$Marketing 3 MKTG$3600 Professional$Selling 3 FIN$3330 Small$Business$Finance 3 Junior-.-Spring-Semester FIN$3340 Funding$New$&$Growing$Ventures 3 MGMT$4140 Building$the$Business 3 MGMT$4350 The$Social$Entrepreneur 3 Senior-.-Fall-Semester MGMT$4340 Family$Business$Management 3 LAW$4880 Legal$Aspects$of$Entrepreneurship 3 Senior-.-Spring-Semester MGMT$3140 Small$Business$Management 3 Total-Credits 33 Note:$This$example$illustrates$how$a$student$can$take$both$the$MGMT$3140$R$Small$Business$ Management$course$and$the$MGMT$4340$R$Family$Business$Management$course$even$though$ those$courses$are$provided$as$an$"or"$option$for$the$capstone$requirement$in$the$core$ curriculm.$$in$this$case,$the$mgmt$4340$r$family$business$management$course$would$count$ towards$the$capstone$requirement,$and$the$mgmt$3140$r$small$business$management$would$ count$towards$the$elective$requirement.
15 Appendix C Information about Accounting Minor.