Course ID: | AAEC 4980. 3 hours. |
Course Title: | Agribusiness Management |
Course Description: | Designed to give the student perspective in applying and
integrating basic management skills and principles in
agribusiness decision making. A workable approach to management
is presented, which is built around the management functions of
planning, organizing, controlling, and directing. The
application of basic skills in economic analysis, marketing,
finance, communication, plant operations, and personnel in the
management process is illustrated. The general objective of the
course is to provide a broad overview of agribusiness and what
is required for effective management. |
Oasis Title: | Agribusiness Management |
Nontraditional Format: | Involves exams, assignments, case studies, simulation, role
playing, and development of an actual business plan. |
Prerequisite: | (ACCT 2101 or ACCT 2101E or ACCT 2101H) and (AAEC 3690 or FINA 3000 or FINA 3000E or FINA 3000H or FINA 3001) and (AAEC 3040 or AAEC 3100 or MARK 3000 or MARK 3000H or MARK 3001 or MARK 3000E) |
Semester Course Offered: | Offered fall and spring semester every year. |
Grading System: | A-F (Traditional) |
|
Course Objectives: | The course is designed to give the student a perspective in
applying and integrating management skills and principles in
agribusiness decision making. A workable approach to management
is presented which is built around the management functions of
planning, organizing, controlling, and directing. The application
of skills in economic analysis, marketing, finance,
communication, operations, and personnel in the management
process is illustrated. The general objective of the course is to
provide a broad overview of agribusiness and what is required for
effective management. A more specific objective is to help the
student effectively apply and integrate skills and principles
learned in other course work into the management process through
exams, assignments, case studies, simulation, role playing and
development of an actual business plan. |
Topical Outline: | I. Introduction to Agribusiness
A. The agribusiness system
B. The agribusiness manager
II. The Planning Function
A. Developing a marketing plan and the role of consumer
demand
B. Forecasting
C. The role of budgeting
III. The Organizing Function
A. Choosing a business organization structure
B. Organizing the business for success
C. Cooperative agribusiness
IV. The Controlling Function
A. Organizing production using economic principles
B. Cost controls and the use of break-even analysis
C. The basic financial statements for business control
D. Using accounting information for business control
E. Capital budgeting decisions: principles and applications
V. The Directing Function
A. The supervision and motivation of employees
B. Staffing the organization
VI. Evaluation
A. Evaluating the operating agribusiness |