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Course Information
Business and Information Technology Education
BT00138
Entrepreneurship: Business Management
120.00
This course will provide students with the fundamental concepts, principles, and ideas needed to understand the basics of entrepreneurship in business management. Skills that will be demonstrated are as follows: develop a Business Plan, identify market needs, insurance concepts pertaining to a business, how to market a business, maintain records and accounting processes, manage finances, integrate technology into the business functions, apply legal, ethical and social obligations, and analyze the growth of today's marketplace.
Blake McCrabb
(405)743-5419
bmccr@okcareertech.org
Entrepreneurship Business Development
Operations Management
-Analyze and utilize the processes and systems implemented to facilitate daily business operations

Business Systems
-Plan business layout
-Determine equipment needs
-Document business systems and procedures
-Establish operating procedures
-Develop project plans
-Analyze business processes and procedures
-Implement quality improvement techniques
-Evaluate productivity of resources
-Manage computer-based operating systems

Channel Management
-Select business location
-Select distribution channels
-Develop and implement order-fulfillment processes

Purchasing/Procurement
-Explain the buying process
-Describe the nature of buyer reputation and vendor relationships
-Establish company buying/purchasing policies
-Conduct vendor search
-Choose vendors
-Negotiate contracts with vendors
-Place orders
-Barter with vendors

Daily Operations
-Schedule staff
-Maintain inventory of products/supplies
-Organize shipping/receiving

Risk Management
-Identify and apply the concepts, strategies, and systems that businesses implement and enforce to minimize loss
-Business Risks
-Describe types of business risk
-Determine ways that small businesses protect themselves against loss
-Establish controls to prevent embezzlement/theft
-Establish and implement systems to protect customer/employee confidentiality
-Determine business's liabilities
-Explain ways to transfer risk
-Obtain insurance coverage
-Develop strategies to protect computer (digital) data
-Develop security policies and procedures
-Establish safety policies and procedures
-Protect assets from creditors
-Establish parameters for staff responsibility/authority
-Develop continuation plan
-Legal Considerations
-Explain legal issues affecting businesses
-Protect intellectual property rights
-Select form of business ownership
-Obtain legal documents for business operations
-Describe the nature of businesses' reporting requirements

Adhere to personnel regulations
-Implement workplace regulations (including OSHA, ADA)
-Develop strategies for legal/government compliance

Strategic Management
-Exlain and apply the processes, strategies, and systems needed to guide the overall business organization

Planning
-Conduct SWOT analysis
-Conduct competitive analysis
-Evaluate business acquisition options
-Develop company goals/objectives
-Develop business mission
-Forecast income/sales
-Conduct break-even analysis
-Develop action plans
-Develop business plan
-Controlling-Use budgets to control operations
-Develop expense-control plans
-Analyze cash-flow patterns
-Interpret financial statements
-Analyze operating results in relation to budget/industry
-Track performance of business plan
Required Certifications:
-Customer Assistance
-Office Management (U.S.)
o Business Principles and Management, 12th Edition, Cengage Learning, ISBN-10: 0538444681 ISBN-13: 9780538444682
o Management, 10th Edition, Richard L. Daft, Cengage Learning, ISBN-10: 0538479531 ISBN-13: 9780538479530 , Available February 2011
o Aplia workbook to accompany this textbook.
No
8113
Yes
Yes
Yes
Career Majors That Sequence This Course
Career Cluster Pathway Career Major
Business Management & Administration Management Entrepreneur
Marketing, Sales & Service Management and Entrepreneurship Small Business Owner