Management (MGMT) 1 Management (MGMT) Dan L. Worrell Interim Department Chair 402 Business Building 479-575-4566 Management Department Website (https://management.uark.edu) Management is the force responsible for directing organizations toward goals or objectives. Therefore, the management curriculum focuses on the nature and capabilities of human and other resources, as well as how the manager plans, organizes, staffs, coordinates, and evaluates those resources in an organization and its environment. The study of management prepares men and women for positions of leadership in profit and nonprofit organizations of all sizes. Management majors gain insight and skill needed for careers as professional managers or as self-employed entrepreneurs. These skills include technical knowledge, communicative capacity, human understanding, and conceptual and problem-solving ability. Two majors are offered in the management department. Requirements of the management major are listed below. Find out more about the general business (http://catalog.uark.edu/ undergraduatecatalog/collegesandschools/sammwaltoncollegeofbusiness/ generalbusinessgbus) major. Students may choose from among three concentrations: Human Resource Management Small Business and Entrepreneurship Organizational Leadership Management Major with Human Resource Management Concentration The Human Resource Management Concentration is designed to prepare students for careers in human resource-related occupations. Among issues and areas addressed are management-employee relations, quality of work life, compensation and other reward systems, organizational staffing, and training and development. The Human Resource Management track emphasizes the importance of integrating individual goals and organizational objectives. All management majors must complete MGMT 424 Ethics and Corporate Responsibility. An additional 21 hours of credit are required for students majoring in management. Six of these credit hours are specified in the concentration. Beyond this, students can choose from specified management and non-management courses in order to complete the requirements for the major. Maximum of 27 hours of MGMT courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. Junior/Senior Level Business Electives 12 Total Hours 6 Human Resources Management Concentration MGMT 494 Organizational Staffing MGMT 495 Organizational Rewards and Compensation Select two of the following: 6 MGMT 9 MGMT 410 MGMT 425 MGMT 426 MGMT 44 MGMT 458 MGMT 499 Entrepreneurship and New Venture Development Leadership Organizational Change and Development Small Enterprise Management Select three of the following: 9 ACCT 72 ECON 5 ECON 4 ISYS 226 MKTG 55 MKTG 6 MKTG 485 Intermediate Accounting I Labor Economics Economics of Organizations Principles of Information Systems Consumer Behavior Marketing Research Marketing Management Total Hours 21 Management B.S.B.A., Human Resources Management Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy (http:// catalog.uark.edu/undergraduatecatalog/academicregulations/ eightsemesterdegreecompletionpolicy) for university requirements of the program. Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. Management Major Requirements The major in management requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a management major or discipline field of study (i.e., core, major, electives) unless the extra courses are part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. Courses Required MGMT 424 Ethics and Corporate Responsibility Concentration Hours 21 First Year ENGL 101 Composition I (ACTS Equivalency = ENGL 101) MATH 205 Finite Mathematics COMM 11 Public Speaking (ACTS Equivalency = SPCH 100) WCOB 1111 Freshman Business Connection 1 BLAW 201 The Legal Environment of Business (ACTS Equivalency = BLAW 200) 1 ISYS 1120 Computer Competency Requirement 0 U.S. History or Political Science University Core
2 Management (MGMT) ENGL 102 Composition II (ACTS Equivalency = ENGL 102) ACCT 201 Accounting Principles WCOB 10 Data Analysis and Interpretation ECON 202 Principles of Microeconomics (ACTS Equivalency = ECON 220) Year Total: 16 16 Second Year MGMT 205 Business Foundations ISYS 210 Business Information Systems 1 MATH 204 Survey of Calculus (ACTS Equivalency = MATH 220) 2 Social Science University Core Fine Art/Humanities University Core SCMT 210 Introduction to Supply Chain Management 1 MGMT 210 Managing People and Organizations 1 ECON 201 Principles of Macroeconomics (ACTS Equivalency = ECON 210) 2 Fine Art/Humanities University Core ALL pre-business requirements should be met by end of term Year Total: 15 16 Third Year FINN 04 Principles of Finance 1 MKTG 4 Introduction to Marketing 1 MGMT 424 Ethics and Corporate Responsibility or MGMT 495 Organizational Rewards and Compensation MGMT 494 Organizational Staffing Junior Senior Business Elective MGMT 01 Strategic Management MGMT 495 Organizational Rewards and Compensation or MGMT 424 Ethics and Corporate Responsibility MGMT or Collateral Electives Junior Senior Business Elective General Education Elective Year Total: 15 15 Fourth Year MGMT Electives 6 MGMT or Collateral Electives Junior Senior Business Elective General Education Electives MGMT or Collateral Elective Junior Senior Business Electives General Education Electives 6 Year Total: 15 12 Total in Sequence: 120 1 2 Must be completed prior to MGMT 01. Must be completed prior to taking any 000 or 4000 level business courses. Management Major with Organizational Leadership Concentration The Organizational Leadership Concentration prepares new students for leadership positions within organizations. Among the topics explored are employee motivation, how to manage power and influence within organizations, developing effective teams, managing diversity, organizational transformation and change, and globalization. All management majors must complete MGMT 424 Ethics and Corporate Responsibility. An additional 21 hours of credit are required for students majoring in management. Six of these credit hours are specified in the concentration. Beyond this, students can choose from specified management and non-management courses in order to complete the requirements for the major. Management Major Requirements The major in management requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a management major or discipline field of study (i.e., core, major, electives) unless the extra courses are part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. Courses Required MGMT 424 Ethics and Corporate Responsibility Concentration Hours 21 Maximum of 27 hours of MGMT courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. Junior/Senior Level Business Electives 12 Total Hours 6 Organizational Leadership Concentration MGMT 425 Leadership MGMT 426 Organizational Change and Development Select two of the following: 6 MGMT 9 MGMT 410 MGMT 44 MGMT 458 MGMT 494 MGMT 495 MGMT 499 Entrepreneurship and New Venture Development Small Enterprise Management Organizational Staffing Organizational Rewards and Compensation Select three of the following: 9 ACCT 475 ECON 5 ECON 4 Intermediate Accounting III Labor Economics Economics of Organizations
Management (MGMT) ECON 464 FINN 60 FINN 70 ISYS 226 MKTG 485 MKTG 6 SCMT 61 SCMT 64 SCMT 65 International Macroeconomics and Finance Corporate Finance International Finance Principles of Information Systems Marketing Management Marketing Research Supply Management International Transportation and Logistics Retail Supply Chain Analysis Total Hours 21 Management B.S.B.A., Organizational Leadership Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy (http:// catalog.uark.edu/undergraduatecatalog/academicregulations/ eightsemesterdegreecompletionpolicy) for university requirements of the program. Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. First Year ENGL 101 Composition I (ACTS Equivalency = ENGL 101) MATH 205 Finite Mathematics COMM 11 Public Speaking (ACTS Equivalency = SPCH 100) WCOB 1111 Freshman Business Connection 1 BLAW 201 The Legal Environment of Business (ACTS Equivalency = BLAW 200) 1 ISYS 1120 Computer Competency Requirement 0 U.S. History or Political Science University Core ENGL 102 Composition II (ACTS Equivalency = ENGL 102) ACCT 201 Accounting Principles WCOB 10 Data Analysis and Interpretation ECON 202 Principles of Microeconomics (ACTS Equivalency = ECON 220) Year Total: 16 16 Second Year MGMT 205 Business Foundations ISYS 210 Business Information Systems 1 MATH 204 Survey of Calculus (ACTS Equivalency = MATH 220) 2 Social Science University Core Fine Art/Humanities University Core SCMT 210 Introduction to Supply Chain Management 1 MGMT 210 Managing People and Organizations 1 ECON 201 Principles of Macroeconomics (ACTS Equivalency = ECON 210) 2 Fine Art/Humanities University Core ALL pre-business requirements should be met by end of term Year Total: 15 16 Third Year FINN 04 Principles of Finance MKTG 4 Introduction to Marketing MGMT 424 Ethics and Corporate Responsibility MGMT 425 Leadership Junior Senior Business Elective MGMT 01 Strategic Management MGMT 426 Organizational Change and Development MGMT or Collateral Electives Junior Senior Business Elective General Education Elective Year Total: 15 15 Fourth Year MGMT Electives 6 MGMT or Collateral Electives Junior Senior Business Elective General Education Electives MGMT or Collateral Elective Junior Senior Business Electives General Education Electives 6 Year Total: 15 12 Total in Sequence: 120 1 2 Must be completed prior to MGMT 01. Must be completed prior to taking any 000 or 4000 level business courses. Management Major with Small Business and Entrepreneurship Concentration The Small Business and Entrepreneurship Concentration is suggested for students who are interested in starting and/or operating a small business or independent company after graduation. The Small Business and Entrepreneurship focus provides excellent preparation for students wishing to obtain a highly integrated view of business operations. All management majors must complete MGMT 424 Ethics and Corporate Responsibility. An additional 21 hours of credit are required for students majoring in management. Six of these credit hours are specified in the concentration. Beyond this, students can choose from specified
4 Management (MGMT) management and non-management courses in order to complete the requirements for the major. Management Major Requirements The major in management requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a management major or discipline field of study (i.e., core, major, electives) unless the extra courses are part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. Courses Required MGMT 424 Ethics and Corporate Responsibility Concentration Hours 21 Maximum of 27 hours of MGMT courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track. Junior/Senior Level Business Electives 12 Total Hours 6 Small Business and Entrepreneurship Concentration MGMT 9 Entrepreneurship and New Venture Development MGMT 44 Small Enterprise Management Select two of the following: 6 MGMT 410 MGMT 425 MGMT 426 MGMT 458 MGMT 494 MGMT 495 MGMT 499 Leadership Organizational Change and Development Organizational Staffing Organizational Rewards and Compensation Select three of the following: 9 ACCT 72 ACCT 84 BLAW 0 FINN 05 FINN 62 FINN 9 ISYS 226 MKTG 55 MKTG 42 MKTG 44 MKTG 44 MKTG 46 SCMT 61 SCMT 62 SCMT 465 Intermediate Accounting I Fundamentals of Taxation I Commercial Law Financial Markets and Institutions Risk Management Real Estate Principles Principles of Information Systems Consumer Behavior Integrated Marketing Communications Selling and Sales Management Retail Strategy Global Marketing Supply Management Advanced Inventory Management and Forecasting Supply Chain Strategy Total Hours 21 catalog.uark.edu/undergraduatecatalog/academicregulations/ eightsemesterdegreecompletionpolicy) for university requirements of the program. Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred. First Year ENGL 101 Composition I (ACTS Equivalency = ENGL 101) MATH 205 Finite Mathematics COMM 11 Public Speaking (ACTS Equivalency = SPCH 100) WCOB 1111 Freshman Business Connection 1 BLAW 201 The Legal Environment of Business (ACTS Equivalency = BLAW 200) 1 ISYS 112 Business Application Knowledge - Computer Competency U.S. History or Political Science University Core ENGL 102 Composition II (ACTS Equivalency = ENGL 102) ACCT 201 Accounting Principles WCOB 10 Data Analysis and Interpretation ECON 202 Principles of Microeconomics (ACTS Equivalency = ECON 220) Year Total: 16 16 Second Year MGMT 205 Business Foundations ISYS 210 Business Information Systems 1 MATH 204 Survey of Calculus (ACTS Equivalency = MATH 220) 2 Social Science University Core Fine Art/Humanities University Core SCMT 210 Introduction to Supply Chain Management 1 MGMT 210 Managing People and Organizations 1 ECON 201 Principles of Macroeconomics (ACTS Equivalency = ECON 210) 2 Fine Art/Humanities University Core ALL pre-business requirements should be met by end of term Year Total: 15 16 Management B.S.B.A., Small Business and Entrepreneurship Concentration Eight-Semester Degree Program Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy (http:// Third Year FINN 04 Principles of Finance 1 MKTG 4 Introduction to Marketing 1
Management (MGMT) 5 MGMT 9 Entrepreneurship and New Venture Development MGMT 424 Ethics and Corporate Responsibility Junior Senior Business Elective MGMT 01 Strategic Management MGMT 44 Small Enterprise Management MGMT or Collateral Electives Junior Senior Business Elective General Education Elective Year Total: 15 15 Fourth Year MGMT Electives 6 MGMT or Collateral Electives Junior Senior Business Elective General Education Electives MGMT or Collateral Elective Junior Senior Business Electives General Education Electives 6 Year Total: 15 12 Total in Sequence: 120 1 2 Must be completed prior to MGMT 01. Must be completed prior to taking any 000 or 4000 level business course. Management Minor for Business Students The Department of Management offers a minor for students desiring more knowledge of management to assist them in their careers. The minor requires completion of 15 hours of study with all of the upper level courses applied toward the minor in residence. The 15 hours include the following courses: MGMT 424 Ethics and Corporate Responsibility Select four of the following: 12 MGMT 9 MGMT 410 MGMT 425 MGMT 426 MGMT 44 MGMT 458 MGMT 494 MGMT 495 MGMT 499 Entrepreneurship and New Venture Development Leadership Organizational Change and Development Small Enterprise Management Organizational Staffing Organizational Rewards and Compensation Total Hours 15 Students who desire to earn a Management minor must notify the Walton College Undergraduate Programs Office of intent to pursue the minor. All requirements for the minor must be completed prior to the awarding of a student s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All upper level requirements must be taken in residence. Anand, Vikas, Ph.D. (Arizona State University),M.B.A. (Indian Institute of Foreign Trade), M.Sc. (Birla Institute of Technology), Professor, 1999. Breaux-Soignet, Denise, Ph.D. (Florida State University), M.B.A., B.S. (Nicholls State University), Clinical Assistant Professor, 2010. Cummings, Michael, Ph.D. (University of Minnesota), J.D. and M.P.A. (Brigham Young University), B.S. (Utah Valley), Assistant Professor, 2017. Delery, John, Ph.D. (Texas A&M University), M.S. (Memphis State University), B.S. (Tulane University of Louisiana), Professor, 1992. Dowdy, Gary, M.B.A. (Purdue University), B.S. (University of Arkansas), Instructor, 2014. Ellstrand, Alan E., Ph.D. (Indiana University at Bloomington), M.B.A. (North Illinois University), B.S. (University of Illinois-Urbana), Professor, 2000. Goussevskaia, Anna, Ph.D. (University of Warwick, United Kingdom), B.Sc. (Federal University of Minas, Brazil), Clinical Assistant Professor, 201. Gupta, Nina, Ph.D., A.M. (University of Michigan-Ann Arbor), M.A., B.A. (University of Allahabad), Distinguished Professor, 1984. Johnson, Jon, Ph.D. (Indiana University at Bloomington), M.B.A., B.S. (University of Arkansas), Professor, 1996. Kish-Gephart, Jennifer, Ph.D. (Pennsylvania State University), M.B.A., B.S. (Drexel University), Associate Professor, 2010. Launder, John, M.A. (University of Missouri), B.A. (Westminster College), Instructor, 2011. McKnight, Rebecca, M.B.A. (University of Arkansas), Instructor, 2016. O Leary-Kelly, Anne M., Ph.D. (Michigan State University), B.A. (University of Michigan), Professor, 1997. Pullen, Brian K., M.B.A. (University of Arkansas), B.S. (Arkansas Tech University), Instructor, 2000. Reeves, Carol, Ph.D. (University of Georgia), M.A. (University of South Carolina), B.S. (Georgia Southern College), Professor, 1990. Ridge, Jason, Ph.D., M.A., B.A. (Oklahoma State University), Associate Professor, 2015. Rodeffer, Carolyn, M.B.A. (University of Chicago), B.A. (University of Maryland), Instructor, 2015. Rosen, Chris, Ph.D. (University of Akron), M.A. (Appalachian State University), B.A. (Washington and Lee University), Professor, 2006. Simon, Lauren, Ph.D., B.S.B.A., B.S. (University of Florida), Associate Professor, 2016. Stoverink, Adam, Ph.D., (Texas A&M University), M.B.A. (St. Louis University), B.S.B.A. (University of Missouri), Assistant Professor, 2017. Worrell, Dan, Ph.D., M.S., B.S. (Louisiana State University), Professor, 2005. Yates, Michael, M.B.A. (Harvard University), M.S. (Naval Postgraduate School), B.A. (University of California), Instructor, 1999. Courses MGMT 205. Business Foundations. Hours. This course surveys the areas of business and presents business processes that are common to most enterprises through a hands-on, interactive business experience. It reinforces the use of financial accounting for reporting the results of business operations, and introduces managerial accounting concepts and techniques for improving the quality business decisions. Prerequisite: ISYS 1120 or ISYS 112 and ACCT 201 each with a grade of "C" or better.
6 Management (MGMT) MGMT 210. Managing People and Organizations. Hours. Study of the process of acquiring and managing Human Capital, focusing on the organizational behavior, legal, economic, and technical issues concerned with business decisions about acquiring, motivating, and retaining employees; emphasis given to the development, implementation, and assessment of policies and practices consistent with legal, social, human, and environmental dynamics. Prerequisite: WCOB 205 or ACCT 202 and WCOB 10 each with a grade of C or better. MGMT 210H. Honors Managing People and Organizations. Hours. Study of the process of acquiring and managing Human Capital, focusing on the organizational behavior, legal, economic, and technical issues concerned with business decisions about acquiring, motivating, and retaining employees; emphasis given to the development, implementation, and assessment of policies and practices consistent with legal, social, human, and environmental dynamics. Prerequisite: WCOB 205 or ACCT 202 and WCOB 10 with a grade of C or better. This course is equivalent to MGMT 210. MGMT 01. Strategic Management. Hours. Integrative study of managerial decisions; introduces students to an understanding of strategic competitiveness and the way in which business strategy is formulated and implemented; uses a combination of theoretical and applied approaches to analyzing key business decisions, implementing these decisions, and monitoring their effects. Corequisite: Drill component. Prerequisite: ACCT 201, (ACCT 202 or WCOB 205), WCOB 10, ECON 201, ECON 202, (MATH 205 or MATH 2564), (MATH 204 or MATH 2554), COMM 11, BLAW 201, ISYS 210, SCMT 210, MGMT 210, FINN 04 and MKTG 4, all with a grade of C or better, and (ISYS 1120 or (ISYS 112 with a grade of C or better)). MGMT 01H. Honors Strategic Management. Hours. Integrative study of managerial decisions; introduces students to an understanding of strategic competitiveness and the way in which business strategy is formulated and implemented; uses a combination of theoretical and applied approaches to analyzing key business decisions, implementing these decisions, and monitoring their effects. Prerequisite: ACCT 201, (ACCT 202 or WCOB 205), WCOB 10, ECON 201, ECON 202, (MATH 205 or MATH 2564), (MATH 204 or MATH 2554), COMM 11, BLAW 201, ISYS 210, SCMT 210, MGMT 210, FINN 04 and MKTG 4, all with a grade of C or better, and (ISYS 1120 or (ISYS 112 with a grade of C or better)). This course is equivalent to MGMT 01. MGMT 5. Alternative Dispute Resolution. Hours. This immersion into the divergent forms of conflict/dispute resolution will expose students to the dynamics of one of the leading disciplines in the workplace and society as a whole. Students will be presented with a comprehensive analysis of divergent aspects of conflict resolution strategies such as negotiation, mediation, arbitration, neutral fact finding, settlement conferences, summary trials, conciliation and facilitation. Confrontational negotiating styles and illustrations will be contrasted with topical strategies such as mutual gains. Prerequisite: Junior standing. MGMT 56. Management Concepts and Organizational Behavior. Hours. Business students may not receive credit for this course. Course introduces students to fundamental concepts of management practice with particular emphasis on managing human behavior in organizations. Addresses the planning, organizing, directing, and controlling functions performed by managers as these functions relate to managing human resources. Provides survey of critical management concepts; enables students to develop analytical and problem solving skills through case studies and experimental exercises. Students may not receive credit for both WCOB 20 or MGMT 210 and MGMT 56. Walton College majors are not eligible to register for the course. No degree credit for Walton College majors. MGMT 65. A Competitive Advantage: Creating and Leading a Diverse Workforce. Hours. Study of the process of creating and leading a diverse workforce, focusing on the knowledge and skills necessary for creating a culture that embraces and makes diversity work; examines the many dimensions of diversity with emphasis on understanding the range of cultural behaviors and expectations, cultural communication, and building diverse work teams. Special attention will be given to developing talent management competencies, such as recruiting, coaching, mentoring, career development, and evaluating and measuring the effects of diversity initiatives. Prerequisite: Junior standing. MGMT 67. Social Entrepreneurship. Hours. The course explores the notion of social entrepreneurship both, as a movement and as an alternative to engage with the market economy. Students will explore the possibility of opening their own business with a strong social mission; adopting some sustainable practices to advance their social or environmental causes; advocating for new ways of measuring impact and returns to investment; or simply by becoming responsible consumers, conscious about the consequences of their decision making power. Prerequisite: Junior standing. MGMT 9. Entrepreneurship and New Venture Development. Hours. The role of the entrepreneur in starting up new businesses. Identification of new venture opportunities and the evaluation of their feasibility. MGMT 400H. Honors Management Colloquium. Hours. Explores events, concepts and/or new developments in the field of Management. Prerequisite: Senior standing. May be repeated for degree credit. MGMT 410.. Hours. Explores trends, concepts, and important developments in management as they impact on organizational performance. Topics are selected by the Management Department faculty for each semester the course is offered. May be repeated for degree credit. MGMT 410H. Honors. Hours. Explores trends, concepts, and important developments in management as they impact on organizational performance. Topics are selected by the Management Department faculty for each semester the course is offered. May be repeated for degree credit. This course is equivalent to MGMT 410. MGMT 424. Ethics and Corporate Responsibility. Hours. A comprehensive and critical examination of traditional and current ethical theories and approaches that guide business decision-making, ethical issues that affect business decisions, and ethics related to the various business disciplines. MGMT 425. Leadership. Hours. This course offers a foundation for understanding and evaluating organizational leadership. It is designed to assist students in developing frameworks for understanding and enacting leadership. This course examines topics such as the nature and foundation of the leader-follower relationship, models that explain effective leadership, and the interface of leadership with gender, ethics, and culture. Prerequisite: WCOB 20 or MGMT 210 or MGMT 56. MGMT 426. Organizational Change and Development. Hours. This course will develop diagnostic and intervention skills that can be applied to identifying and overcoming problems of morale and productivity in organizations. A variety of behavioral methods will be covered. Prerequisite: WCOB 20 or MGMT 210 or MGMT 56. MGMT 44. Small Enterprise Management. Hours. Small enterprise opportunities and problems emphasizing innovation, management planning and control, financing, marketing and legal requirements. Emphasis on application of management knowledge to small enterprise management. Prerequisite: MGMT 9.
Management (MGMT) 7 MGMT 450V. Independent Study. 1- Hour. Permits students on individual basis to explore selected topics in management. May be repeated for up to hours of degree credit. MGMT 454. Students Acquiring Knowledge Through Enterprise (S.A.K.E.) Product Innovation Lab. Hours. Provides a structured stage-gate framework for new product development through a hands-on, interactive product innovation experience. Students will learn and apply skills related to the development and testing of new concepts and products including: ideation techniques; concept writing; designing and implementing effective qualitative and quantitative consumer research; prototyping; financial profile development; and developing impactful presentations. Prerequisite: Junior standing. MGMT 458.. Hours. Develops an understanding of international business management and the cultural environments in which IB exists today. Students examine international business practices and learn about unique elements of business as it practiced in selected nations and diverse cultures. MGMT 494. Organizational Staffing. Hours. In-depth study of theoretical, legal, methodological, and substantive issues related to selection, performance appraisal, and development of employees. Students participate in individual and group projects designed to provide theoretical and practical skills related to staffing. Prerequisite: WCOB 10. MGMT 495. Organizational Rewards and Compensation. Hours. Develops an understanding of reward systems theory and its application to the design of compensation systems. Provides theoretical and legal background and practical applications for the use of reward systems in attracting, motivating, and retaining employees. Prerequisite: WCOB 10. MGMT 499.. Hours. Hands-on management of an actual on-going business. Students will gain experience working in, making decisions about, and managing a business. Topics covered include accounting, economics, finance, information systems, law, logistics, management, and marketing. Entrance by application only. May be repeated for up to 6 hours of degree credit.