2013–2014 UNIVERSITY CATALOG - Florida Institute of Technology

BUS 4701 INTERNATIONAL BUSINESS (3 credits). Introduces the environmental
factors confronting managers in international operations: cultural, economic,
legal, political and institutional determinants. Examines problems associated with
managing organizational, financial, marketing and production policies in a global
marketplace. Prerequisites: BUS 3401, BUS 3501.
BUS 4702 BUSINESS STRATEGY AND POLICY (3 credits). Reviews basic concepts
and techniques used in formulating competitive strategy at the corporate,
business and functional levels. Introduces business models to provide a learning
experience in quantitative aspects of strategy formulation in a competitive environment.
Must be taken in the final semester before graduation. Corequisites:
BUS 4000 or BUS 4504.
BUS 4705 FINANCE IN PRIVATELY OWNED COMPANIES (3 credits). Explores
alternative capital structures and financial structures of private companies, managing
cash balances and cash flow to sustain company growth, questions of intellectual
property and the valuation of non-publicly traded companies. Prerequisites:
BUS 3401.
BUS 4782 PRACTICUM IN BUSINESS (6 credits). Real-world business experience
complements the varied academic disciplines covered in the business curriculum.
Minimum requirements include written and oral presentations, weekly
summary reports and 240 hours working at a host employer’s location. Must be
taken in the final semester before graduation. (Requirement: Senior standing in
business.) Corequisites: BUS 4702.
BUS 4783 PRACTICUM PLANNING (0 credits). Allows the student real-world
business experience that complements the varied academic disciplines covered in
the business curriculum. The planning process must be taken in the second to last
semester before graduation. (Requirement: Senior standing in business.)
BUS 4786 MAJOR FIELD PRACTICUM (3 credits). Links academic study and
the practices of the major field of study in the workplace. Requires written and oral
presentations, weekly summary reports and 150 work hours at a host employer’s
location. For College of Business majors only. (Requirement: Must be taken in the
final semester before graduation.) Prerequisites: BUS 4702, BUS 4783.
BUS 4788 BUSINESS PLAN RESEARCH (3 credits). Introduces research methods
used to create viable business ventures. Begins with innovation and creativity, and
proceeds to critical thinking through learned tools including marketing, operational,
financial, organizational and strategic analyses. Culminates in a fully developed
business plan. (Requirement: Senior standing in business.) (Q)
BUS 4790 DIRECTED BUSINESS STUDY (3 credits). Studies in depth the topics
or problems of current interest to practicing managers. Requires students to develop
and present a formal report that includes a statement of the objectives of the study
effort, survey of the literature, methodology, analysis, results, conclusions and, if
appropriate, recommendations. (Requirement: Associate dean approval.)
BUS 4801 INTERNATIONAL TRADE (3 credits). Investigates why nations trade,
what they trade and how they benefit from exchange. Includes topics on classical,
neoclassical, modern and post-modern theories of trade; commercial policy
instruments and their welfare effects; economic integration; international factor
movements; and trade development. Prerequisites: BUS 3802.
BUS 4802 GLOBAL ACCOUNTING AND TAX (3 credits). Integrates the functional
areas of accounting with business administration in a global decision-making
framework. Provides business managers with an understanding of the numerous
differences that exist between countries and the problems multinational companies
face in interpreting international accounting information. Prerequisites:
BUS 2211, BUS 2212.
BUS 4803 GLOBAL FINANCIAL MANAGEMENT (3 credits). Extends the principles
of finance to an international context. Emphasizes currency fluctuation,
measuring and hedging exchange rate risk, comparative capital structure, multinational
investment, international capital budgeting and taxes. (Requirement: Senior
standing.) Prerequisites: BUS 3401.
BUS 4804 BUSINESS IN THE WESTERN HEMISPHERE (3 credits). Introduces
the business environment and practices of Western Hemisphere countries. Includes
both theoretical and practical experience with environmental factors confronting
managers in international operations. Also includes research and study of the
history and economic development of major economies of the Western Hemisphere.
Prerequisites: BUS 3801, BUS 3802.
BUS 5011 MANAGEMENT THEORY AND THOUGHT (3 credits). Overviews
classical and contemporary management philosophies and theories. Focuses on
managing enterprises in today’s rapidly changing global economy. Includes developing
strategic vision, planning, organizing, directing and controlling, social responsibility
and international management.
238 Florida Tech 2013–2014
BUS 5017 PROGRAM MANAGEMENT (3 credits). Studies the responsibility
and authority of a program manager and the integration of program functions in
complex organizational structures. Discusses interpersonal relationships within
matrix organizations, as well as program conflict resolution and organizational priorities.
(Requirement: Prior completion of foundation requirements.)
BUS 5113 SURVEYING NEW TECHNOLOGIES (3 credits). Introduces concepts
and tools to assess the impact of new and forecasted technological changes in a
global market. Emphasizes transformation of business models in response to emerging
technologies. Identifies organizational and environmental factors that impact
innovation. Covers how to evaluate potential technological failures and successes.
Prerequisites: BUS 5602.
BUS 5114 SURVEY OF ENTREPRENEURSHIP AND INNOVATION (3 credits).
Introduces how an entrepreneurial company manages and leads innovation and
change. Focuses on identifying and creating innovative business opportunities
through idea generation, business planning and new venture development tools.
Includes feasibility and marketing studies, financial management and organizational
structures. Uses case studies.
BUS 5115 NEW PRODUCT DEVELOPMENT (3 credits). Focuses on new product
development including the full project life cycle (processes, idea generation, design
and development, prototyping, manufacturing, sales, support and disposal). Uses
student teams in a cross-disciplinary, integrated approach to project development
in a global market. Requires team project development and presentation.
BUS 5116 TECHNOLOGY COMMERCIALIZATION EXPERIENCE 1 (3 credits).
Develops and refines the ability to find, evaluate and nurture technical ideas into
commercially viable product concepts. Introduces a formal, team-based process for
vetting and selecting a technology to be developed into a new venture proposal/business
plan in BUS 5117. Part one of a two-course capstone sequence. (Requirement:
Successful completion of 18 semester credit hours of program.)
BUS 5117 TECHNOLOGY COMMERCIALIZATION EXPERIENCE 2 (3 credits).
Continues product and team project development started in BUS 5116. Focuses on
completion of the business proposal and the real-world launch of a new venture.
Applied entrepreneurial knowledge from previous coursework. Requires written
report and draft pitch for review by a panel of experts and business leaders; presenting
to investors may follow. Prerequisites: BUS 5116.
BUS 5023 MANAGEMENT AND ADMINISTRATION OF CONTRACTS
(3 credits). Offers a comprehensive analysis of the procurement process and the
resulting contractual relationships. Topics range from a history of procurement
through considerations dealing with applicable laws, policies, regulations, methods
of contracting, types of contracts and cost-pricing principles.
BUS 5070 SPECIAL TOPICS IN BUSINESS (3 credits). Independent study in
some area of business that allows the student to work closely with a faculty member
and probe a subject within the business discipline in greater depth than is normally
possible in a regular class. Requires a comprehensive term paper.
BUS 5138 BUSINESS ETHICS (3 credits). Aims primarily to increase student
understanding of the concepts of moral philosophy and their relevance to decisionmaking.
Provides an opportunity for students to apply this understanding in a wide
variety of practical management settings. Makes extensive use of case analyses.
(Requirement: Prior completion of foundation requirements.)
BUS 5211 PROCUREMENT AND CONTRACT MANAGEMENT (3 credits).
Overviews in depth the federal acquisition process and introduces the basic concepts,
policies and procedures incident to government contracting through the FAR
and supplementing directives.
BUS 5213 CONTRACT CHANGES, TERMINATIONS AND DISPUTES
(3 credits). Uses case studies and lectures to provide an in-depth examination
of the post-award management problems associated with contract administration.
Covers contract changes, terminations and disputes, as well as other issues.
Prerequisites: BUS 5211.
BUS 5214 COST PRINCIPLES, EFFECTIVENESS AND CONTROL (3 credits).
Financial and accounting overview of government acquisition policy and procedures.
Prerequisites: BUS 5430.
BUS 5217 CONTRACT AND SUBCONTRACT FORMULATION (3 credits).
Studies in depth the pre-award phase of the federal acquisition process. Uses class
discussions and case studies to examine management problems from the perspective
of the contracting office, requisitioner, courts, Congress and the contractors.
Prerequisites: BUS 5211.
BUS 5218 CONTRACT NEGOTIATIONS AND INCENTIVE CONTRACTS
(3 credits). A seminar in which negotiation concepts and techniques are explored,
analyzed, discussed and then placed into practice using mock negotiations.
Examines all types of contracts. Prerequisites: BUS 5211.