2013-14 Catalogs

BS in Business Administration - General Management Major

General management has the following tracks: a) entrepreneurship and small business management, b) international business, c) risk management and insurance, d) sustainable business, and e) generalist track (advanced study across multiple fields of business).

Note: required courses in the entrepreneurship track and the sustainable business track may not be offered during the evening (5:30 p.m. or later).

Students in the general management major (15 credits) select one of the tracks below, which either provide broad exposure to management issues or provide a specific industry focus. Each track specifies 9 of the 15 credits in the major, leaving 6 credits for business electives. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

In addition to meeting all University requirements, students must earn a minimum grade of C- in 100-200 level courses, and a C in 300-400 level courses in all Business Core courses applied toward the degree. To ensure that students graduate with a current understanding of their field, upper-level courses taken more than 10 years before the degree is awarded must have Departmental approval for use in the Business Core or the major.

Students may declare or change a major by completing a form available at the School office. Students declaring a major in general management must select a track at the same time. Double majors are possible as long as the courses applied toward one major are not applied toward the second major. Under no circumstances can credits be double-counted for two program options (e.g., major, minor, track, or concentration) within the School of Business. Before enrolling in their first School of Business course (ACC, BUS, FIN, or RMI designations) requiring junior standing, students majoring in a School of Business major must have junior standing (54 credits completed) and a minimum grade point average of 2.33 in USM courses. This minimum GPA requirement supersedes any course-specific GPA requirement lower than 2.33.

Overview of course requirements
  • Core Curriculum (USM requirement)
  • Non-Business Core (School requirement)
  • Business Core (School requirement)
  • Major Requirements
  • General Electives
Optional first-year seminar

Credits counted as general electives; strongly recommended for recent high school graduates with fewer than 24 credits:
     BUS 101 or EYE 125/128 Getting Down to Business

USM Core Curriculum Requirements

(up to 45 credits, minus credit counted elsewhere) please see USM Core Curriculum section of this catalog for details. School of Business specific Core courses are noted below.

  • Entry Year Experience – EYE required for students entering with fewer than 24 credit hours; May be fulfilled with EYE 125/128 Getting Down to Business
  • College Writing
  • Quantitative Reasoning: MAT 210 Business Statistics (credits counted in the non-business core).
  • Creative Expression: THE 170 Public Speaking (credits counted in the non-business core).
  • Socio-cultural Analysis: ECO 101 Macroeconomics (credits counted in the non-business Core)
  • Cultural Interpretation
  • Science Exploration
  • Ethical Inquiry, Social Responsibility, and Citizenship; May be fulfilled with BUS 347 Triple Bottom Line Business
  • Diversity
  • International: May be fulfilled and double counted in the Business Core section by successful completion of BUS 335 International Business or BUS 361 International Marketing.
  • Thematic Cluster or a minor of 15 credits or more or a double major of 15 or more unique credits (Note: The Professional Practices Cluster includes BUS 345 Information Technology/MIS which may be double counted in the Business Core.)
  • Capstone: BUS 450 Business Policy and Strategy (credits counted in the Business Core)
Non-business Core Requirements (17 credits)

Spreadsheet proficiency: demonstrated by passing ABU 190 Spreadsheets and Problem Solving with a grade of C or higher, or by successfully passing a School of Business spreadsheet proficiency exam. Proficiency must be demonstrated to graduate.
     ECO 101 Introduction to Macroeconomics
     ECO 102 Introduction to Microeconomics
     MAT 108 College Algebra with C- or higher grade

Substitutes include a C- or higher grade in MAT 140 or approved higher level math course or passing a CLEP exam
     MAT 210 Business Statistics with C-or higher grade
          or C- or higher grade in prior credit for MAT 120 or other approved statistics course (http://usm.maine.edu/sb/stats).
     THE 170 Public Speaking
          or other course by permission

Business Core Requirements (36 credits)

A minimum of 50 percent of business core courses must be taken at USM, and the student must achieve a minimum grade in each course (listed below).
     ACC 110 Financial Accounting Information for Decision Making (C- or higher)
     ACC 211 Managerial Accounting Information for Decision Making (C- or higher)
     BUS 260 Marketing (C- or higher)
     BUS 275 Applied Business Analysis (C- or higher)
     BUS 280 Legal Environment of Business (C- or higher)
     BUS 340 Managing Organizational Behavior (C or higher)
     BUS 345 Information Technology/Management Information Systems (C or higher)
     BUS 370 Management Science (C or higher)
     BUS 375 Production/Operations Management (C or higher)
     BUS 450 Business Policy and Strategy (C or higher)
     FIN 320 Basic Financial Management (C or higher)
     Select one of the following international courses:
          BUS 335 International Business (C or higher)
          BUS 361 International Marketing (C or higher)
          BUS 382 International Business Law (C or higher)
          FIN 330 International Financial Management (C or higher)

Entrepreneurship and Small Business Track (15 credit hours)

Students in this track graduate with a concentration in entrepreneurship and small business management listed on their transcript. Required courses in this track may not be available at night. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

Requirements
     BUS 362 Market Opportunity Analysis
     BUS 385 Entrepreneurship and Venture Creation
     BUS 485 Managing the Growing Entrepreneurial Venture

Select 6 credits of 300-level or higher ACC, BUS, FIN, or RMI courses.

International Business Track (15 credit hours)

Students in this track graduate with a concentration in international business listed on their transcript. Students are encouraged to develop their foreign language skills, to travel abroad, and to obtain a minor in international studies. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

Requirements (in addition to the international requirement in the Business Core):
     BUS 335 International Business

Select 6 credits from
     BUS 361 International Marketing
     BUS 382 International Business Law
     BUS 394 Internship in International Business
     ECO 370 International Economics
     FIN 330 International Financial Management
     BUS 336 Approved International Experience (see below)
     BUS 337 Approved International Business Experience (see below)

Select 6 credits of 300-level or higher ACC, BUS, FIN, or RMI courses.

BUS 336 Approved International Experience, and BUS 337 Approved International Business Experience, award credit for educational activity by a student while outside of the U.S. that contributes to the student's understanding of international business and which has been approved by one of the international business faculty members.

Activities which normally will be approved for credit as BUS 336 include, without limitation:

  • A course relevant to international business, taken at an educational institution outside the U.S., and qualifying for 3 or more credits when transferred to USM.
  • BUS 490 Independent Study involving a student's activities outside the U.S. (3 cr. min.)
  • A USM course relevant to international business, involving study outside the U.S. and which has 3 or more credits.
  • An international study tour offered by a reputable organization. Courses relevant to international business shall include, without limitation, courses in economics, political science, law, history, geography, culture, and courses that develop skills in languages other than English. BUS 336 may be used either as a course in the International Business Track or as a 300-level or higher BUS course.

An activity approved for credit as BUS 337 will normally be limited to an upper-level (300-level or higher equivalent at USM) course in a business discipline, including economics and/or law, taken at an educational institution outside the U.S., and qualifying for three or more credits when transferred to USM. Approval for BUS 337 may be denied if the student lacks the necessary foundational course(s) in the relevant discipline. BUS 336 is not a prerequisite for BUS 337. BUS 337 may be used either as a course in the International Business track or as a 300-level or higher BUS course.

Risk Management and Insurance Track (15 credit hours)

The risk management and insurance track prepares students for careers in the insurance industry (including insurance carriers and underwriters, insurance agencies or brokerages, insurance service fields) and its allied fields, such as banking, financial planning, accounting, real estate, stockbrokerage, and third party administration. Students learn a blend of theoretical and practical concepts and apply this knowledge to risk management and insurance. The program develops analytical and critical thinking skills that will aid students throughout their careers. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

Requirements:
     RMI 320 Introduction to Risk Management and Insurance
     RMI 330 Health, Life, and Disability Insurance
     RMI 350 Managing Risk with Property and Liability Insurance
     Select 6 credits of 300-level or higher ACC, BUS, ECO (310 only), FIN or RMI courses, including - RMI 395 Internship in Insurance.

Sustainable Business Track (15 credit hours)

Students completing this track will be better prepared to identify "green market" opportunities and to manage – both traditional firms and social enterprises - for the triple bottom line of environmental, social, and financial performance. A concentration in sustainable business will be listed on their transcript. Students are encouraged to take ESP 101/102 as their Core science course and obtain a minor or certificate related to sustainability, applied energy, or nature tourism. Required courses in this track may not be available at night. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

Requirements
     BUS 347 Triple Bottom Line Business
     Select 6 credits from
          BUS 391 Internship in Sustainable Business
          ESP 275 Energy Use and Social Adaptations [prerequisite: ESP 101/2K or permission for SB concentrators]
          Business: BUS 362/385/396/398/490, RMI 320
          Economics: ECO 316/326/327/335
     Other Areas: ESP 223/308, ANT 450 (Tourism, Development & Sustainability), POS 363/380 (Energy Policy), or advisor approved course.

Select 6 credits of 300-level or higher ACC, BUS, FIN, or RMI courses.

General Management Track (15 credit hours)

Students in this track select advanced study courses across multiple fields of business. Students must earn a grade point average of 2.33 or higher in the 15 credits applied toward the major.

Requirements

Select 3 credits from each of three different disciplinary areas:

  • Accounting (ACC 301-329)
  • Finance (FIN 321-330)
  • Law (BUS 380, BUS 382)
  • Management (BUS 335, 342, 346, 347, 377, 385, 485)
  • Marketing (358-369, 398)
  • Risk Management and Insurance (RMI 320-350)
  • Sport Management (BUS 311, BUS 312, BUS 315, BUS 316)

Select 6 credits of 300-level or higher ACC, BUS, FIN, or RMI courses.

General Electives (remaining credits for 120 credit minimum)

The exact number of general elective credits varies and is dependent upon choices made in University core requirements.