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Business Management
With an Entrepreneurship Concentration
The Business Management program offers students an integrated management core helping students develop knowledge, skills, and values. The concentration in Entrepreneurship provides students with a broad spectrum of skill sets enabling them to both starts, manage and grow a new and/or existing business as well as work in major organizations’ developing new products, procedures and services. This concentration emphasizes action-oriented learning and encourage students to not only excel in the classroom but participate in a number of related field activities.
Entrepreneurship undeniably contributes to economic growth, making them a particular area of interest for economists and policymakers worldwide. The relationship between entrepreneurship and economic growth is complicated and can vary from one country to another based on their level of economic development and can also vary from one business venture to another.
There are several benefits in developing entrepreneurs in Higher Education by offering a major or concentration.
- Entrepreneurs increase Competition:Â By establishing new businesses, entrepreneurs intensify competition for existing businesses. Consumers benefit from the resulting lower prices and greater product variety.
- Entrepreneurs have positive employment effects in the short and long term, and negative effects in the medium-term:Â Entrepreneurs stimulate employment growth by generating new jobs when they enter the market.
- New businesses boost productivity:Â Competition between new and existing firms ideally leads to survival of the best innovation and is usually identified by supply and demand. Even though overall employment may decline, new firms can foster productivity.
At Calumet College of St. Joseph, our Entrepreneurship concentration, along with a major in Business Management, will enhance students’ options to move into the workforce.
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Program Highlights
Proficient Knowledge Achievement
Courses offered will provide students with knowledge in the areas of Accounting for Entrepreneurs, Leadership Skills, Innovation & Creativity, Entrepreneurship Launchpad, Marketing Communication, legal aspects and an Entrepreneurship Capstone course.
Legal and Ethical Understanding
Educate students about the legal and ethical structure requirements of entrepreneurship, which includes the guiding principles and ethical considerations when starting a business.
Improve Critical Thinking Skills and Problem-Solving Skills
Develop the skills necessary of an entrepreneur in identifying a problem and creating a solution by using critical thinking techniques such as the ability to collect and analyze information to reach a conclusion or solution.
Financial Management and Planning
Gain an understanding of Financial Management and Financial Planning in entrepreneurship. New and existing business owners gain financial knowledge on how to effectively manage their resources, make informed decisions, and build a sustainable and profitable business.
Innovation and Creativity Development
Enhance skills in creativity and manage the innovation process by fostering external ties for partnerships for innovation, develop products and introduce them into the market.
Experiential Learning Opportunities
Provide students with hands on experiences by participating in on Campus, Regional, National and Global Entrepreneurship competitions; take part in practical projects allowing students to apply theoretical concepts in starting, maintaining and growing a business.
Faculty
Catherine Lopez-Gonzalez, Ph.D.
John Lohrentz, M.S.
Roy Scheive, Ed.D.
Career Options
& Average Salaries
There are other potential career options available to students concentrating in Entrepreneurship, however, the salaries vary based on specific choice, the salaries listed below is based on annual earnings:
- Recruiter – $52,811
- Marketer – $59,000
- Management Consultant – $95,000
- Product Development Consultant – $114,487
- Sales Manager – $120,000
- Investment Operations – $120,000
- Small Business Consultant – $147,968
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Frequently Asked Questions
A degree is not necessary; however, it will help you gain the skills and understanding of key areas that help businesses succeed.
If your desire is to one day become your own boss, make your own hours, but more importantly help solve world problems through creativity and innovation, then a concentration in entrepreneurship is for you.
No, as long as you remain in the Business program, the additional courses for the concentration in entrepreneurship are included in the course requirements, therefore you will not delay the completion of the degree.
The Business faculty at Calumet College of St. Joseph have extensive experience in the field of Business and Entrepreneurship. We work with new and existing small business owners, and we have access to a network of professionals and resources. Examples include Governmental agencies such as the Small Business Administration and the Northwest Indiana Small Business Development Center, local banks, micro-lenders and many others.
Program
Objectives and requirements
Concentration in Entrepreneurship Learning Objectives
- Define entrepreneurship and risk management.
- Analyze emerging trends and practices in entrepreneurial marketing.
- Evaluate and apply marketing research to entrepreneurial endeavors.
- Evaluate and compare business entity structures and select an appropriate structure based on legal and tax considerations.
- Analyze legal implications of different funding options.
- Apply major financial, managerial, ethical, and planning fundamentals to an entrepreneurial venture.
120 credit hours
The following courses are required for a baccalaureate degree:
38 hours: General Education
27 hours: Requisites for the Major
ACCT 210 Principles of Accounting I
ACCT 211 Principles of Accounting II
BSMT 120 Management Thought, Principles and Practice
BSMT 225 Microcomputer Applications
BSMT 260 Organizational Behavior and Development
BSMT 261 Applied Management
ECON 210 Principles of Economics I
ECON 211 Principles of Economics II
MATH 171 Principles of Statistics or PSY 230 Statistics for Behavioral Science
30 hours: Upper Level Courses in Major
BSMT 320 Human Resources in Management
BSMT 335 Marketing Management
BSMT 350 Business Communications
BSMT 375 Business and Professional Ethics
BSMT 379 Small Business Management & Entrepreneurship
BSMT 440 Financial Management
BSMT 489 Strategic Management & Decision Making
BSMT 490 Strategy Simulation (Capstone)
BSMT ___ Business Management Elective at 300-level or higher
ECON 480 International Business
25 hours: Electives
59 credit hours
The following courses are required for an associate’s degree:
35 hours: General Education
24 hours: Requisites for the Major
ACCT 210 Principles of Accounting I
ACCT 211 Principles of Accounting II
BSMT 120 Management Thought, Principles and Practice
BSMT 225 Microcomputer Applications
BSMT 260 Organizational Behavior and Development
BSMT 261 Applied Management
ECON 210 Principles of Economics I
ECON 211 Principles of Economics II
The following courses are required for a concentration:
- BSMT 230 Accounting for Entrepreneurs
- BSMT 270 Leadership Skills & Development
- BSMT 275 Innovation and Creativity
- BSMT 300 Integrated Marketing Communications
- BSMT 305 Legal Aspects of Entrepreneurship
- BSMT 379 Small Business Management & Entrepreneurship*
- BSMT 412 Entrepreneurship Capstone – Entrepreneurship Launchpad
You Belong
at Calumet College of St. Joseph!
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