Mgt 4806 - Venture Diagnostics

Entrepreneurs bring a unique set of talents to the business, but may not have a framework from which to identify growth opportunities. They may also lack the skills to buy, invest in, setup, or attract outside interest in other ventures. This course utilizes management content and practical diagnostic tools to help alleviate this.

This capstone course incorporates management disciplines while utilizing case studies, discussions, and professional advisors to provide a framework students can use when working in or for family and small business. This course will also provide content and context for students to compete in case competitions.

Outcomes

Students will learn to:

• Identify and evaluate growth opportunities. 
• Evaluate the business in terms of the business environment: political, economic, societal and technological. 
• Evaluate the business in terms of industry conditions: competitive environment, market situation, and competitors. 
• Evaluate essential business functions: marketing, operations, human resources, finance, technology and strategy in the context of the small business. 
• Enhance diagnostic and evaluation skills by reviewing entrepreneurial business cases and assessing the strengths, challenges and opportunities as presented. 
• Understand the risk criteria used by commercial bankers and develop a bank financing proposal based on the reporting format required by the financial institution.  
• Understand the requirements to develop an equity raising proposal. 
• Understand business valuation techniques and the due diligence process that needs to be followed. 
• Utilize a strategic planning process that meets the needs of small business and the direct correlation with business plans and operational drivers. 

Prerequisite(s):

Management 3406

Mgt 3801 - New Venture Start-Ups

With a dynamically changing environment filled with uncertainty, opportunities exist to design or re-design small businesses. This course utilizes current research on new business and examines innovations in value creation. It is for students who are planning to be entrepreneurs or professional advisors in the small business sector. 

Prerequisite(s):

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours).

Equivalent:

Management 2800/2850 (New Venture Start Ups) (prior to 2018/2019/2020)

Mgt 3806 - Small Business Management

Within the context of small business, you will learn the theoretical and practical knowledge required to set up and manage a business; the characteristics and forms of business; time management; organize-purchase franchise decisions; forecasting and marketing; obtaining financing; government and legal controls; tax considerations; accounting and financial controls; personnel administration; location decisions.

Videos, case studies, group work, a simulation, financial professionals and examples will be used to aid in understanding the application of these principles.

Prerequisite(s):

None

Mgt 3406 - Venture Finance

Through the use of financial theories, tools and management techniques, this course examines the role financial management plays in the development and sustainability of the small business. Students will learn about financial resources, resource allocation, risk, and optimization in value creation - all within the context of growing the business through continuous, incremental improvements to business activities.

Students will identify and develop strategies to ensure the business is making the right decisions for the future. They will ensure it is effectively managing its available financial and non-financial resources so that the necessary capital is accessible to grow and add value.

This course utilizes case studies, group work, and financial professionals. It is for students who plan to own or operate a small business or provide professional services to small businesses.

Outcomes

Students will learn to:

• Analyze the financial resources, resource allocation, risk and value creation unique to the small business sector. 
• Evaluate the performance of a business using financial reports. 
• Integrate information from the balance sheet, income statement and cash flow statement to conduct financial analysis. 
• Identify potential financial difficulties and consider corrective actions. 
• Assess risk in the business through financial reports. 
• Measure and interpret sustainable growth rates for the business and options for future growth. 
• Utilize financial tools that can assess the viability of products and services. 
• Measure the operating cash cycle and assess the funding needs of the business. 
• Determine the return to the owner and evaluate considering industry standards.
  

Prerequisite(s):

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours). 

Mgt 3816 - Venture Growth

Only a fraction of small businesses manages to grow. Growing the business is a dynamic process as the leadership team learns how to navigate the ebbs and flows of growth. This course examines the increasing complexity of growing the small business as identified by current thought leaders in areas such as people, processes, and product.

This course will utilize case studies, interactive dialogue, and professional advisors.

Outcomes

Students will learn to:

• Identify the complexity of growing the business.
• Identify the resources required in leadership, infrastructure and operations, to ensure market relevance. 
• Identify the stages of growth. 
• Identify different types of growth and enablers and drivers.  
• Identify common barriers faced by business as it scales up. 
• Understand the elements of growth and impact on strategy, people, process, culture, and funding. 
• Recognize that growth requires a system that links business strategy, structure, culture, people, leadership, processes, metrics, and rewards. 
• Understand the transformation required by the entrepreneur as the business grows. 
• Recognize the challenges of building a capable management team. 
• Identify the need for planning, measuring, and financing growth.
  

Prerequisite(s)

None, but we recommend 15 university-level                                                                               courses (a minimum of 45.0 credit hours).

Mgt 3826 - Building Sustainable Family Enterprises

Family business plays a vital role in the Canadian landscape - a significant percentage of all businesses in Canada are family businesses. Family businesses have unique opportunities and challenges, including managing conflict, succession planning, family power, inter-generational dynamics and strategic long term thinking.
 
This course will look at family enterprise systems, governance, behavioural and psychological characteristics, theoretical approaches, and analytical models.

The course will include case studies and group work, as well as presentations from family business leaders and professionals. Scenarios and frameworks of family business generational transitions will equip students with the knowledge to provide professional services to family businesses or become family business leaders.

Outcomes

Students will learn to:

• Identify the unique characteristics of family enterprises and the opportunity to advise on or be part of the transitional growth in Canadian entities. 
• Identify the complexity of family enterprise that exists between family members and the delicate balancing act required to combine family with work relationships. 
• Understand the lifecycle of family businesses and the need to re-invent and the importance of succession planning. 
• Understand the importance of leadership, governance, planning, and managerial systems. 
• Recognize that each family business is unique, deriving its personality from generations of family and business operations.  
• Understand the role of different stakeholders, from diverse family relations, non-family management and staff, to external advisors.
  

Prerequisite(s)

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours).

Mgt 3031 - Managing Responsibly in a Global Environment 

This course is a core requirement in the Dhillon School’s Bachelor of Management   curriculum. It examines the forces shaping management decision-making in an   organizational environment characterized by the process of globalization and a growing interest in socially-sensitive corporate governance.

Students will examine the forces shaping management decision-making in an organizational environment characterized by the process of globalization. They will assess the interaction of the political, legal, regulatory and social environments in which an organization operates in relation to ethical decision-making, stakeholder management, sustainability and corporate citizenship.

Outcomes

Students will:

• Demonstrate fundamental reasoning and debating skills.
• Become familiar with and be able to discuss critically the concept and application of the practice of corporate social responsibility (CSR).
• Be able to identify different theories of ethics and apply them to decision-making in a global context. 
• Examine critically and be able to undertake stakeholder management.
• Be able to weigh the specific implications of globalization for various stakeholders over time.
• Participate in group work (in-class) to apply concepts and give oral presentations of the findings.

Prerequisite(s)

• Economics 1010 AND
• Economics 1012 AND
• One of Writing 1000 or a university English course (3.0 credit hours) 

OR Admission to the Professional Diploma in Accounting

Mgt 3710 - Managing Not-for-Profit Organizations

Students will focus on the major management issues that not-for-profit organizations confront in their pursuit to be effective and caring. There are a number of major topic areas that challenge not for profit managers, each of which will be addressed in this course. Topics will include the recruitment and management of volunteers, the role of boards in the governance of not-for-profit organizations, and the methods employed to raise funds to sustain and grow these organizations. For each topic area, students will be encouraged to participate in discussions and use their critical thinking skills to apply their knowledge to various organizational situations.

Outcomes

Students will:

• Be introduced to the key management issues facing not-for-profit organizations, and develop the skills necessary to effectively manage these issues.
• Contrast the foundation and application of management concepts between the for profit and not for profit sectors.
• Gain an appreciation for the work of not for profit organizations, as well as the contribution these organizations make to society.

Prerequisite(s)

Third-year standing (a minimum of 60.0 credit hours)

Mgt 3612 - Innovation and Entrepreneurship

This course explores the historical and economic roles of innovation and entrepreneurship in the Canadian economy. Included in this exploration will be the important role that innovation and entrepreneurship in agricultural enterprise management play in the growth and prosperity of the prairie economy. 

You will be exposed to theory and practice in the context of both independent and corporate entities. The theoretical foundations of both innovation and of entrepreneurship are investigated through discussions of classic and contemporary literature. 

Application and current practice will be explored through case studies, interviews and class visits from local entrepreneurs in the retail and services sectors, and producers, distributors, and consumers in the agribusiness sector.

Prerequisite(s)

None

Mgt 3826 - Building Sustainable Family Enterprises

Family business plays a vital role in the Canadian landscape - a significant percentage of all businesses in Canada are family businesses. Family businesses have unique opportunities and challenges, including managing conflict, succession planning, family power, inter-generational dynamics and strategic long term thinking.
 
This course will look at family enterprise systems, governance, behavioural and psychological characteristics, theoretical approaches, and analytical models.

Prerequisite(s)

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours).

Mgt 3710 - Managing Not-for-Profit Organizations

There are a number of major topic areas that challenge not-for-profit managers, each of which will be addressed in this course. Topics will include the recruitment and management of volunteers, the role of boards in the governance of not-for-profit organizations, and the methods employed to raise funds to sustain and grow these organizations. For each topic area, students will be encouraged to participate in discussions and use their critical thinking skills to apply their knowledge to various organizational situations.

Prerequisite(s)

Third-year standing (a minimum of 60.0 credit hours)

Mgt 3806 - Small Business Management

Within the context of small business, you will learn the theoretical and practical knowledge required to set up and manage a business; the characteristics and forms of business; time management; organize-purchase franchise decisions; forecasting and marketing; obtaining financing; government and legal controls; tax considerations; accounting and financial controls; personnel administration; location decisions.

Videos, case studies, group work, a simulation, financial professionals and examples will be used to aid in understanding the application of these principles.

Outcomes

Students will learn:

• The importance of entrepreneurs in Canada.
• Key areas to review when looking at buying a business or a franchise
• Finance options available to Small and Mid-size businesses.
• Writing a Business Plan.
• Identify the many “hats” entrepreneurs wear and how to “wear” these hats.
• How to grow a business and what to consider when selling it.

Prerequisite(s):

None

Mgt 3801 - New Venture Start-Ups

With a dynamically changing environment filled with uncertainty, opportunities exist to design or re-design small businesses. This course utilizes current research on new business and examines innovations in value creation. It is for students who are planning to be entrepreneurs or professional advisors in the small business sector. 

Through the use of experimentation, customer feedback, and iterative design, students will learn the theoretical concepts of startups and how to apply them while managing and reducing the uncertainties that can impact a startup.

Entrepreneurs and recent research in this field will help students identify and understand opportunities in the 21st century for social entrepreneurship, social networking, business creation and new theories in entrepreneurship.

Outcomes

Students will learn to:

• Identify, organize and build a new innovation-driven enterprise.
• Understand and experience the role of being a creative entrepreneur.
• Recognize the three key factors on a startup: idea, team, and process
• Recognize the need to balance technology, marketing, team, finance, sales, realism, and passion.

Prerequisite(s):

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours).

Equivalent:

Management 2800/2850 (New Venture Start-Ups) (prior to 2018/2019/2020)

Mgt 3031 - Managing Responsibly in a Global Environment 

This course is a core requirement in the Dhillon School’s Bachelor of Management curriculum. It examines the forces shaping management decision-making in an organizational environment characterized by the process of globalization and a growing interest in socially-sensitive corporate governance.

Prerequisite(s)

• Economics 1010 AND
• Economics 1012 AND
• One of Writing 1000 or a university English course (3.0 credit hours) 

OR Admission to the Professional Certificate in Accounting

Mgt 4806 - Venture Diagnostics

Entrepreneurs bring a unique set of talents to the business, but may not have a framework from which to identify growth opportunities. They may also lack the skills to buy, invest in, setup, or attract outside interest in other ventures. This course utilizes management content and practical diagnostic tools to help alleviate this.

This capstone course utilizes case studies, discussions, and professional advisors to provide a framework students can use when working in or for family and small business. This course will also provide content and context for students to compete in case competitions. 

Prerequisite(s):

Management 3406

Mgt 3406 - Venture Finance

Through the use of financial theories, tools and management techniques, this course examines the role financial management plays in the development and sustainability of the small business. Students will learn about financial resources, resource allocation, risk, and optimization in value creation - all within the context of growing the business through continuous, incremental improvements to business activities. They will ensure it is effectively managing its available financial and non-financial resources so that the necessary capital is accessible to grow and add value. 

Prerequisite(s):

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours). 

Mgt 3816 - Venture Growth

Only a fraction of small businesses manages to grow. Growing the business is a dynamic process as the leadership team learns how to navigate the ebbs and flows of growth. This course examines the increasing complexity of growing the small business as identified by current thought leaders in areas such as people, processes, and product. 

Prerequisite(s)

None, but we recommend 15 university-level courses (a minimum of 45.0 credit hours).

Mgt 3612 - Innovation and Entrepreneurship

This course explores the historical and economic roles of innovation and entrepreneurship in the Canadian economy. Included in this exploration will be the important role that innovation and entrepreneurship in agricultural enterprise management play in the growth and prosperity of the prairie economy. 

You will be exposed to theory and practice in the context of both independent and corporate entities. The theoretical foundations of both innovation and of entrepreneurship are investigated through discussions of classic and contemporary literature. 

Prerequisite(s)

None