Business Administration and Policy

The course provides a survey of various forms of business ownership and considerations for running a business. Topics include aspects of business ownership and management and leadership functions, analysis of various strategic policies and formulating successful operational planning. Discussions include challenges in the legal and regulatory environment, business ethics, and social responsibility. Emphasis is placed on the transitional business world.

UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

• Defining the essential responsibilities of a general manager.
• Critiquing the process of formulating strategy and policy. 
• Comparing policy and operational planning. 
• Assessing the benefits and requirements for developing an effective managerial process, tactical, operational, and managerial approaches utilized in designing a company system.
• Evaluating relationship of social restraints and constraints to the policies and plans of organizations. 
• Identifying top management’s requirements for effective policy development. 
• Understanding the human tendencies and errors common to the planning process. 
• Analyzing business administration and policy issues in case studies. 
• Discussing the importance of and the foundation of corporate governance. 
• Developing policies and procedures to support a specific organizational purpose and strategy. 
• Formulating an integrated operational plan for a change within any organization. 
• Delineating an effective process for corporate performance measurement and evaluation. 
• Designing control techniques for managing compliance to policies and goals. 
• Assessing the role of various types of budgets in implementing strategy. 
• Understanding the importance of ethics programs in the overall success of the firm.
• Understanding the value of peer collaboration to reach team initiatives. 
• Discussing the value of artificial intelligence to better streamline business processes and implementation.

ACQUIRED SKILLS

• Effective Policy Development
• Team Building
• Formulating an Operational Plan