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Courses / Degree Requirements for the BA in Business Administration

The following is projected for the 2022-2023 school year and is subject to change

To graduate with a BA in Business Administration, students must successfully complete all general requirements for the bachelor’s degree. In addition, 52 credits of coursework in business administration must be completed. These 52 credits are comprised of 16 credits of the Concept to Market Institute (CTMI) Module, 4 credits of Forest Academies, 16 credits of Business Capstone courses, 12 credits of either the Management Module or the Accounting Module, and 4 credits of electives.

Required: Concept to Market Institute (CTMI) Module (16 credits)

The goal of the course is for each participant to identify a business or product idea that they would like to develop into a viable product or company and then develop, write and present a summary of the idea into a Concept Statement. Businesses thrive on creativity. In this course, you will learn how creative thoughts and ideas can be developed into life supporting, sustainable products or services which fulfill needs and contribute to the expansion of happiness in society. This course is a workshop for idea-stage entrepreneurs, coached by the professor, so bring your best ideas to class. (4 credits)
Marketing is the process of creating exchanges that satisfy individual and organizational objectives. Topics include consumer behavior, market research, market segmentation,
competitive positioning and strategy, advertising, pricing, distribution and channel management, selling techniques and sales force management, and new product development. Students conduct an industry analysis and write the marketing section for their business plan. Prerequisites WTG 192 (4 credits)
In this critical and creative thinking seminar, students develop their skill in the use of logical argument, the interpretation of evidence, and the analysis of underlying assumptions to understand the current issues in economics. The course reviews the assumptions of classical microeconomics and macroeconomics in light of modern principles of sustainability. Themes in the course may include the social responsibility of business, local versus global markets, the distribution of wealth and income and the role of government in the economy. In addition, each student will learn the skills necessary to develop a basic pro forma for a business idea of their own creation. (4 credits)
Students will learn how to write and then actually create an advertising campaign for their own product or business. They will develop advertising for magazine, newspaper, radio and all social media. They will be guided and directed by some of the world’s most successful copywriters. They will record their own radio commercials in a world class radio studio. Their ad campaign will be part of their Shark Tank-like presentation at the end of the semester. Their personally created advertising components along with their original concept statements are a powerful addition to the students resume. (4 credits)

Business Capstone Courses (24 credits)

Statistics offers powerful quantitative tools based on the underlying orderliness of nature to support improved decision-making in business and environmental management. Statistics is the art and science of finding meaningful patterns and relationships in data (data analysis), generating useful data (data production), and drawing valid conclusions from data (statistical inference). In this course, students will learn how to use key graphical and numerical tools of data analysis, how to effectively present their findings, and evaluate the validity of their conclusions. Environmental applications and case studies will be emphasized. Topics include graphical and numerical tools for summarizing and describing data, modeling data with probability distributions, sampling and surveys, designing experiments, hypothesis testing for means and proportions, correlation analysis, and modeling relationships using regression analysis. Prerequisite MATH 152 or equivalent (4 credits)
The sequential transaction processing system of the accounting cycle provides information for both internal and external decision-makers. This course provides a firm basis for any stakeholder to implement “due diligence” in their management, investing, or financing decisions. Topics include: the conceptual framework of accounting; the internal control structure; general use financial statements for external decision makers; and the most useful managerial accounting reports for internal decision makers. (4 credits)
Financial management provides an intelligent direction to the flow of funds for maximizing firm value. This course introduces techniques and concepts necessary to effectively manage the financial resources of any organization in order to achieve strategic goals. Topics include the time value of money, stock and bond valuation, risk and return, capital investment decisions, analysis of financial statements, financial forecasting, working capital management, the investment banking process, and the sources of funding for a business. Students will develop capital requirements, plan the raising of capital, and develop a cash flow design for their business plan project. Prerequisite MGT 316 (4 credits)
In this capstone course of the BA degree in Creative Entrepreneurship, students integrate and apply the knowledge gained throughout their major to create a business plan. Topics include identifying problems and business opportunities, market analysis, execution plan and financial projection. Students evaluate sample business plans, review and give feedback on classmates’ business plans, and revise and present their own business plan to faculty and mentors. (4 credits) Prerequisites: MGT 316, MGT 350, MGT 378. (4 credits)

Management Module Courses

Law is a tool of progress. It creates the legal form of the business and enables business people to communicate clearly. It facilitates their commercial relationships and averts problems before they arise. Familiarity with business law and the natural laws upon which it is based promotes success for the individual and society. Topics include contracts, torts, agency, bankruptcy, secured transactions and property (real, personal, and intellectual property.) Students learn to select the most appropriate form of organization for their business and draft simple contracts. (4 credits)
People are an organization’s most important asset. Success comes from organizing and managing people to produce the products and services that customers value. This survey course exposes students to the full array of human resource functions human resource planning, recruitment and selection, training, performance management, compensation, unions, and upholding employer/employee rights and responsibilities. The students become familiar with the role of human resource department staff in designing human resource systems, as well as the critical role line managers and supervisors play in using these systems effectively to attract, retain, and motivate employees. Students also design a comprehensive human resource section for their business plan. (4 credits)
An understanding of the principles of human behavior at the individual, interpersonal, group, and organizational levels of analysis is critical to successful planning, organizing, and implementation by any manager. This course explores the dynamics of individual and group achievement from the perspectives of both skills and theory. Topics include general management theory, leadership, delegation and coordination, planning and problem solving, organizational structure, and organizational change. (4 credits)

Accounting Module Courses

The sequential transaction processing system of the accounting cycle provides information for both internal and external decision-makers. This course provides further detail about: 1) the specifics of transaction analysis for our data entry into the financial accounting cycle – leading to the creation of external general use reports; and 2) the specifics of re-organizing data from the accounting cycle records – leading to the creation of internal private use reports. Topics include: cash management; inventory systems; property, plant and equipment valuation; manufacturing records; and advanced budgeting topics. (4 credits) Prerequisite: MGT 316
The conceptual framework of accounting is at the basis of any system of rules and laws for recording financial events. Further, utilizing these rules and laws of accounting for feedback loop completeness, demands that the professional judgement of the accountants be firmly established. This course examines the details at the basis of useful financial statements for profit-making, not for profit, and governmental organizations. Topics include: professional judgement; conceptual frameworks; comprehensive basis of accounting; US GAAP versus IFRS; and Financial Statement disclosures. (4 credits) Prerequisite: MGT 316
The conceptual framework of accounting is at the basis of any system of rules and laws for recording financial events. This course examines the handling of unusual and challenging situations through the recording of specialized transactions – thereby increasing the usefulness of financial accounting & reporting details at the basis of useful financial statements for profit-making, not for profit, and governmental organizations. Topics include: consolidations; professional judgement; conceptual frameworks; other comprehensive basis of accounting; US GAAP versus IFRS; and governmental modified accrual accounting. (4 credits) Prerequisite: MGT 440
State and federal taxation are instruments of social policy. The principles of taxation must be considered in the planning and decision-making process of every organization whether profit or nonprofit. This course surveys basic tax concepts and their use in individual and organizational tax planning. Topics include: social policy implications of taxation, concepts of income, tax reporting, taxpaying entities, deductions, property transactions, and gain or loss recognition. (2–4 credits) Prerequisites: MGT 315 or 316 recommended

Forest Academy (4 credits)

The course has a practical focus on career discovery and implementation. In the framework of Consciousness-Based principles for success, students consider their own skills, abilities, and objectives, and learn to design a career that utilizes their talents and creativity for maximum effectiveness, achievement, and evolution. They design an action plan to implement their career goals, and then work with the best Internet resources to research occupational interests, business and service organization profiles, and industry trends. Students learn networking strategies, including interviews, and using the telephone and Internet for extending their professional networks. They also develop scripts for introducing themselves and describing their achievements and capabilities with confidence in various formats, writing about themselves in the cover letter, resume, and portfolio, and speaking about themselves and what they can offer to potential colleagues, funding agencies and employers. (2 credits)

Another 2 credit Forest Academy course with a management-related theme approved by the program advisor

Business Electives (4 credits)

Choose 4 credits from the following courses:

This course provides a holistic overview of business for new management majors or students from other majors. Principles of marketing, finance, operations, accounting, and human resources are taught in the perspective of an integrated business strategy and are illustrated by lively examples from videos, case studies, guest speakers, and field trips. (4 credits)
Effective communicators are skilled at both informing and inspiring other people. This course provides instruction and practice in making oral and written presentations based on the principle that ideal communication is a frictionless flow that nourishes both sender and receiver. Topics include word processing and presentation software; library and Internet research skills; oral presentations; writing letters, reports, proposals, and manuals; and the principles of ideal communication. Prerequisite WTG 192 (4 credits)
This course is a survey of negotiation, mediation, and arbitration methods of resolving disputes without litigation. Students gain practical negotiation skills through workshops and case studies. Topics include: understanding other parties, building a productive framework for negotiation, defining objectives and strategy, framing proposals, and finding “win/win” solutions. (4 credits)
This course is an introduction to the life of the entrepreneur as told through case studies
and personal histories. Topics include: the mindset required of an entrepreneur, how to recognized a good idea for a business, issues in managing people and getting funding, balancing work and family life, entrepreneurship in international business and in the nonprofit sector. (4 credits)
This project-based class challenges students to employ every ounce of their creativity and
apply their knowledge to finding solutions to the world’s most challenging problems, whether local or global, in the area of environmental sustainability, education, communications, or business. Each week we will connect with and learn from social entrepreneurs from around the world working in education, mobile technology, community development and so forth, and draw inspiration from their relentless vision and determination. Through the study of innovations in the social sector, we will develop an understanding of core principles and tactics of social change as well as the necessary leadership qualities of social entrepreneurs. Students will work individually or in groups to conceive of a social intervention of their own design. Students will present their plans, models and media to a committee to evaluate the potential of their work to create social change. (4 credits)
This course provides in-depth study of management information systems. (4 credits)
Ever increasing globalization makes it imperative that students understand the different cultures in their world. This course provides frameworks useful in classifying cultures and understanding cultural norms and traditions. Analyzing case studies and participating in workshops and presentations enable students to establish patterns of behavior that facilitate cross-cultural communication. (4 credits)
This course offers understanding from practical experience through work in accounting. In a capstone project, students integrate the knowledge of accounting they have gained in their BA program by seeing how it is put into practice. (4 credits)
In this course, students are guided to prepare for one part of the Certified Professional Accountant or Certified Management Accountant exam. (4 credits)
This course offers practical experience through work in business administration, public administration, or educational administration. Students maintain journals that record their growth in understanding and experience, as well as their impact on the organization. (variable credits)

Or other graduate level accounting course with permission of the instructor.

Students may interview for business positions and earn up to 16 elective credits of internship toward their bachelor’s degree with the approval of the BA program director or department chair. Students at Maharishi International University have a particular advantage in the competition for internships nationwide. The block calendar of month-to month study makes it easy for a student to take off one or more months and work fulltime on a business project at any time of the year. Such internships are an opportunity for students to apply the knowledge gained in the Business Administration major in a workplace setting.

Current class schedule for the BA in Business Administration