Mar 28, 2026  
Academic Catalog 2025-2026 
  
Academic Catalog 2025-2026
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MGT 471 - Small Business Management


This course focuses on the general concepts of small business. Students examine credit practices, franchising, location, inventory, and other topics particularly crucial in a small business setting. The case method approach is emphasized in this course.

Credit(s): 3

Prerequisite(s):
MGT 303 .

Outcomes
  • Articulate the importance and role of the small business in today’s economy
  • Differentiate between the small business owner and the entrepreneur, including characteristics and intended outcomes
  • Examine the issues that potential small business owners must consider
  • Compare forms of small business and entrepreneurial ventures along with potential sources of funding
  • Carry out research to develop a feasibility analysis on a new business startup
  • Develop a viable business plan with practical applications, from a marketing, financial and operational viewpoint
  • Complete a strategic management plan that will guide your efforts at managing a successful small business



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