I. General Information
1. Course Title:
Fundamentals of Financial Mgmt/Strategic Plan Emphasis
2. Course Prefix & Number:
FBMA 2932
3. Course Credits and Contact Hours:
Credits: 3
4. Course Description:
Students will identify the elements necessary to create, evaluate, and implement a strategic plan for the business. Student will utilize financial information and records to develop the strategic plan.
5. Placement Tests Required:
Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
FBMA 2932 - Fundamentals of Financial Mgmt/Strategic Plan Emphasis
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMA 2932 - Fundamentals of Financial Mgmt/Strategic Plan Emphasis
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
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. |
Assess alternative solutions to a problem |
Implement a strategic plan. |
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 the impact of the strategic plan effecting the farm financials and operation;
- Measure the importance of both internal and external environmental monitoring;
- Identify the action steps necessary to implement the plan;
- Prioritize the steps necessary to formulate action plans and contingency plans;
- Compare key financial ratios to identify the ideal business capacity;
- Identify specific business trends and evaluate business performance;
- Describe & diagram the primary elements of strategic business plan;
- Contrast the market forces impacting 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
- 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 and business capacity
- Identify specific business trends and evaluate a potential business performance audit
- 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
- 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
I. General Information
1. Course Title:
Fundamentals of Financial Mgmt/Strategic Plan Emphasis
2. Course Prefix & Number:
FBMA 2932
3. Course Credits and Contact Hours:
Credits: 3
4. Course Description:
Students will identify the elements necessary to create, evaluate, and implement a strategic plan for the business. Student will utilize financial information and records to develop the strategic plan.
5. Placement Tests Required:
Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
FBMA 2932 - Fundamentals of Financial Mgmt/Strategic Plan Emphasis
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMA 2932 - Fundamentals of Financial Mgmt/Strategic Plan Emphasis
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 the impact of the strategic plan effecting the farm financials and operation;
- Measure the importance of both internal and external environmental monitoring;
- Identify the action steps necessary to implement the plan;
- Prioritize the steps necessary to formulate action plans and contingency plans;
- Compare key financial ratios to identify the ideal business capacity;
- Identify specific business trends and evaluate business performance;
- Describe & diagram the primary elements of strategic business plan;
- Contrast the market forces impacting 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
- 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 and business capacity
- Identify specific business trends and evaluate a potential business performance audit
- 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
- 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