Course Description
Managerial concepts, procedures, and techniques in agribusiness management. Techniques of planning, organization, staffing, directing, and controlling functions of management.
Athena Title
Intro Agribusiness Management
Equivalent Courses
Not open to students with credit in AAEC 3980E
Prerequisite
AAEC 2580 or AAEC 2580E or ECON 2106 or ECON 2106E or ECON 2106H
Semester Course Offered
Not offered on a regular basis.
Grading System
A - F (Traditional)
Course Objectives
Gives students selected perspectives in applying and integrating basic management skills and principles in agribusiness problem-solving and decision-making. A workable approach to management, built around the management functions of planning, organizing, controlling, and directing is the focus. The application of basic skills in economic analysis, accounting, marketing, communication, finance, facility operations, and personnel in the management process is illustrated and examined.
Topical Outline
The modern food and agribusiness system Emerging trends and challenges Forms of business ownership: proprietorship Partnership Corporation Limited liability company Cooperatives Basic accounting Financial statements Income statements Balance sheets Financial statements from accounting information Statement for cash flows Financial analysis and planning using financial ratios Breakeven analysis and contribution to overhead Financial planning and budgeting Financing the business: debt versus equity Financing the business: leverage Capital investment analysis: cash flows & investment returns Time value of money Net present value and international rate of return Strategic marketing Marketing management Marketing opportunities Buying behaviors Demand analysis Marketing mix Product Price Promotion Place and ethics Operations management Managing organizations Human resources management Job descriptions Recruiting, selecting, training employees Conflict, grievance and stress management Salaries, benefits, incentives and perquisites