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.
Athena Title
Agribusiness Management
Non-Traditional 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
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
Syllabus