I. General Information

1. Course Title:
Fund Financial Mgmt/Strategic Plan Emphasis

2. Course Prefix & Number:
FBMA 2932

3. Course Credits and Contact Hours:

Credits: 3

4. Course Description:

This course will enable students to identify the elements necessary to evaluate and create a strategic plan for the business, determining uses for the plan today and tomorrow and developing a plan to locate those team members necessary for strategic plan creation.

5. Placement Tests Required:

6. Prerequisite Courses:

There are no prerequisites for this course.

9. Co-requisite Courses:

There are no corequisites for this course.

II. Transfer and Articulation

3. Prior Learning - the following prior learning methods are acceptable for this course:
International Baccalaureate

III. Course Purpose

1. Program-Applicable Courses – This course is required for the following program(s):

Advanced Farm Business Management, Certificate

IV. Learning Outcomes

1. College-Wide Outcomes

College-Wide Outcomes/Competencies	Students will be able to:
Demonstrate written communication skills	Have a written strategic plan in place.
Analyze and follow a sequence of operations	Identify a problem, gather information and solve the problem.

2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of the course:

• Evaluate what parts of the strategic plan will affect the farm portfolio;
• Measure the importance of both internal and external environmental monitoring;
• Identify the action necessary to implement the plan;
• Categorize the steps necessary to formulate action plans and contingency plans;
• Compare key financial ratios to identify the ideal future & business capacity;
• Identify specific business trends and evaluate a potential business performance audit;
• Describe & diagram the primary elements of strategic business modeling;
• Contrast the market forces of a business from distinctive business capacity; and
• Recognize the components in creating a business mission statement.

 

V. Topical Outline

Listed below are major areas of content typically covered in this course.

1. Lecture Sessions

1. Reviewing the elements of  a strategic plan for the farm business
• Describe the process of strategic planning
• Determine what part the strategic plan will have on the farm portfolio
• Recognize the importance of both internal and external environmental monitoring
• Recognize key financial ratios to use to create gap analysis to Identify the ideal future & business capacity
• Ientify specific business trends and evaluate a potential business performance audit
2. Preparing a strategic plan for the farm business
• Diagram the primary elements of strategic business modeling
• Contrast the driving force of a business from distinctive business competencies
• Recognize the who, what, how and why in creating a business mission statement
• Determine elements of business values.  Scan & integrate those with family, business & financial goals
3. Implementing the strategic plan for the farm business
• Identify the action necessary to implement the plan
• Categorize the steps necessary to formulate action plans and contingency plans