(For MBA students only.) A fundamental study of financial accounting and how it is used in managerial decision-making. Discussion covers financial statements, cost behavior, budgeting, performance measurement, and control systems. The objective is to use cost-volume-profit analysis to make pricing and product mix decisions and to create and analyze budgets, which are essential tools for planning and controlling business activities. Topics include the process of developing a budget and ways to evaluate performance against budgeted expectations. Emphasis is on developing the ability to think critically about accounting information and its use in managerial decision-making. Activities provide practical experience in financial statement analysis, cost behavior analysis, budgeting, and performance measurement.

An examination of innovation and entrepreneurship in a business environment. Focus is on applying principles of innovation and entrepreneurship to the creation, development, and management of new ventures. Discussion covers the principles of innovation, design thinking, opportunity recognition, funding, and scaling up of entrepreneurial ventures, as well as the challenges and opportunities for innovation in existing organizations. The goal is to think critically about innovation and gain practical experience in managing innovation in organizations and creating and developing new ventures.

A study of the issues, theories, and methodologies associated with organizational development and the management of change, with a major emphasis on organizational culture and organizational change processes. Topics include the diagnostic process, intervention strategies, and overcoming resistance to change. Techniques such as goal setting, team-development procedures, productivity and strategy interventions, and interpersonal-change models are examined.