PELLISSIPPI STATE TECHNICAL COMMUNITY COLLEGE MASTER SYLLABUS
BUSINESS CAPSTONE MGT 2240
Class Hours: 3.0							Credit Hours: 3.0
Laboratory Hours: 0.0							Revised: Spring 05
NOTE:  This course is not designed for transfer credit.
Catalog Course Description:
	A project-oriented course designed to require students working in cross-functional teams to apply what they have learned in their major curriculum to the development of a complex entrepreneurial project.  Emphasizes necessity of informed decision making and planning in all phases of business.
Entry Level Standards:
	Students must be able to read and write at the college level. A fundamental understanding of accounting principles, including the development of financial statement elements, is required. Mastery of basic algebraic manipulations is presumed.  Students are also expected to have a working knowledge of basic management and marketing before entering this course.
Prerequisites:
	MGT 2000, MKT 2200, ACC 2110, and department approval
Textbook(s) and Other Course Materials:
	Textbook: Scarborough, Norman M. and Thomas W. Zimmerer.  Essentials of Entrepreneurship and Small Business Management, 4th Edition.  Prentice Hall, Upper Salle River, NJ:.  2005. (Only one textbook required per group) Sabin, William A., The Gregg Reference Manual, 10th Edition, Glencoe/McGraw-Hill, Columbus, OH, 2001 Management 2240 Course Packet Supplemental: Additional readings to enhance textbook topics are assigned in class and made available on reserve in the library.
I. Week/Unit/Topic Basis:
This course is designed to bring students from all three Business Administration disciplines together in self-managed teams to complete a comprehensive project.  Because the teams are expected to be self-managed, the assigned faculty will function as consultants to the enterprise, expecting the students to utilize knowledge and skills learned in their curricula to develop and complete their projects.
	Week					Topic
	1-2					Orientation - Explanation of the course and the roles of faculty and students. Explanation of business proposal.  Review of team development and function.
	3					Presentation of business proposal.
	4-10					Develop and prepare their business plans.
	11-13					Write and print business plans.  Prepare presentation.
	14					Presentation of business plans to a panel of business people.  Receive critique of the proposals
	15					Final Exam Period
II. Course Objectives*:
	A.			Exhibit a thorough understanding of entrepreneurship.  I,II,III,VII
	B.			Perform a satisfactory analysis of sociocultural, economic, political, competitive, and technological conditions affecting the success of a business.  I,III,VI
	C.			Apply accounting, finance, management, and marketing principles and concepts to the formulation of a comprehensive entrepreneurial business plan.  I,II,II
	D.			Demonstrate an understanding of the techniques of plan development and presentation. III,IV,V
	E.			Communicate effectively.  IV,V,VI,VIII
	F.			Demonstrate interpersonal and teamwork skills.  III,IV,V
*Roman numerals after course objectives reference goals of the Management program.
III. Instructional Processes*:
Students will:
	1.				Use critical thinking skills to prepare and evaluate the financial statements of a new company and make decisions regarding the financial condition of the business.  Personal Development Outcome, Problem Solving and Decision Making Outcome, and Social Adaptation Outcome, Numerical Literacy Outcome, Information Literacy Outcome, Active Learning Strategies
	2.				Practice elements of the work ethic such as professionalism, preparedness, punctuality, honesty, cooperation, dependability, contribution, effectiveness, good manners, etc. Personal Development Outcome, Cultural Diversity & Social Development Outcome, Transitional Strategy
	3.				As part of a team, research, write and give a professional business presentation of a business plan for a start-up business.  Communication Outcome, Personal Development Outcome, Problem Solving and Decision Making Outcome, Cultural Diversity and Social Adaptation Outcome, Technological Literacy Outcome, Informational Literacy Outcome, Transitional Strategy, Active Learning Strategy
	4.				Demonstrate a capability to plan, organize, and control a business through the effective utilization of culturally diverse human resources.  Communication Outcome, Personal Development Outcome, Problem Solving and Decision Making Outcome, Cultural Diversity and Social Adaptation Outcome, Informational Literacy Outcome, Active Learning Strategies
*Strategies and outcomes listed after instructional processes reference Pellissippi State's goals for strengthening general education knowledge and skills, connecting coursework to experiences beyond the classroom, and encouraging students to take active and responsible roles in the educational process.
IV. Expectations for Student Performance*:
Upon successful completion of this course, the student should be able to:
	1.			Understand how accounting, management, and marketing interrelate in a small business. A,B,C
	2.			Understand entrepreneurship, the risks entrepreneurs face, and the advantages and disadvantages of entrepreneurship. A
	3.			Communicate effectively orally and in writing with colleagues and business people. D,E,F
	4.			Prepare, present, and defend a plan in a professional manner. D,E,F
	5.			Function effectively in a self-managed team. E,F
	6.			Provide advice on financial/tax implications of the form of business organization. B,C,E,F
	7.			Analyze the financial impact of various business activities and alternatives. B,C,E,F
	8.			Develop pro forma (budgeted) financial statements, including income statement, balance sheet, and statement of cash flows. C
	9.			Develop cash receipts and disbursements budget. C,E,F
	10.			Prepare any additional reports, etc. needed to present a business plan for funding. C,D
	11.			Write functional job descriptions. A,C,E
	12.			Understand the importance of job specifications in recruiting competent staff. A,C
	13.			Develop a staffing plan. A,C
	14.			Develop a recruiting plan, taking into account affirmative action requirements. B,C
	15.			Develop a structured interview format. C,E,F
	16.			Develop an Employee Handbook. A,C,E,F
	17.			Develop an organizational structure. A,C,D
	18.			Lead and manage team activities. C,D,E,F
	19.			Assume responsibility for resolving team conflicts. C,E,F
	20.			Understand the importance, application, and limitations of marketing research and other information in making marketing and business decisions. A,C
	21.			Identify, locate, and evaluate sources of information for a business plan. A,B,C,D
	22.			Analyze and describe the micro- and macro-environment in which a business/organization operates. C,E
	23.			Select, describe, and target an appropriate market. A,C,E
	24.			Understand and apply market segmentation and competitive advantage concepts. A,C
	25.			Formulate a realistic marketing plan based on sound financial and accounting requirements. C,D,E,F
	26.			Formulate a promotion plan. C,D
*Letters after performance expectations reference the course objectives listed above.
V. Evaluation:
	A. Testing Procedures:
			A team project: A major portion of the appraisal of the student's progress in the course will be derived from his/her work on the team project.  The student teams will collaborate on a business plan and make an oral presentation of their plans to representatives of the business community and faculty.
	B. Laboratory Expectations:
		N/A
	C. Field Work:
		Research for the business plan will comprise the field work.
	D. Other Evaluation Methods:
		Grade Composition: Preliminary Proposal                          10% Time Sheets/Meeting Minutes            10% Team Test                                           5% Business Plan                                     50% Document Quality & Presentation       10% Peer Evaluation                                  15%                                                          100%
	E. Grading Scale:
		92 - 100    A    89 -  91     B+    82 -  88     B    79 -  81     C+    72 -  78     C    65 -  71     D    Below 65 F
VI. Policies:
	A. Attendance Policy:
		Pellissippi State Technical Community College expects students to attend all scheduled instructional activities.  As a minimum, students in all courses must be present for at least 75 percent of their scheduled class and laboratory meetings in order to receive credit for the course.  [NOTE:  No differentiation is noted for excused/unexcused absences.  These will be treated as an absence.] (Pellissippi State, 2004-2006 Catalog, page 83)
	B. Academic Dishonesty:
		Plagiarism, cheating, and other forms of academic dishonesty are prohibited.  Students guilty of academic misconduct, either directly or indirectly through participation or assistance, are immediately responsible to the instructor of the class.  In addition to other possible disciplinary sanctions which may be imposed through the regular Pellissippi State procedures as a result of academic misconduct, the instructor has the authority to assign an F or a zero for the exercise or examination or to assign an F in the course.  (Pellissippi State, 2004-2006 Catalog, pages 62-63)
	C. Accommodations for disabilities:
		If you need accommodation because of a disability, if you have emergency medical information to share, or if you need special arrangements in case the building must be evacuated, please inform the instructor immediately.  Privately after class or in the instructor's office.  To request accommodations students must register with Services for Students with Disabilities: Goins 127 or 131, Phone: (865) 539-7153 or (865) 694-6751 Voice/TDD.
	D. Other Policies:
		Computer Usage Guidelines: College-owned or –operated computing resources are provided for use by students of Pellissippi State.  All students are responsible for the usage of Pellissippi State’s computing resources in an effective, efficient, ethical and lawful manner.  (Pellissippi State, 2004-2006 Catalog, pages 67-70)