I. General Information

1. Course Title:
Applied Financial Management/Strategic Plan Emphasis

2. Course Prefix & Number:
FBMA 2933

3. Course Credits and Contact Hours:

Credits: 3

4. Course Description:

This course will provide practical application of strategic planning skills. Student will utilize financial information and records to apply the strategic plan.

5. Placement Tests Required:

Accuplacer (specify test):

No placement tests required

Score:

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

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:
Apply abstract ideas to concrete situations	Determine which plan offers the best chance for success.
Work as a team member to achieve shared goals	Utilize team members input to evaluate all plans.

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

• Revise the current business to reflect implemented strategic plans;
• Implement a monitoring model which includes the use of business analysis;
• Prioritize and implement the action plan;
• Develop strategies to reduce the gap between actual and desired performance;
• Employ gap analysis and determine measurable difference between future vision and current performance;
• Assemble and analyze business enterprise and financial data to design specific performance metrics;
• Identify qualities or attributes that distinguish the business strengths and weaknesses;
• Participate with the planning team in writing a general mission statement for the business; and
• Examine values, operating philosophy and determine stakeholders.

V. Topical Outline

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

1. Lecture Sessions

1. Examine values, operating philosophy & determine the stakeholders

• Update the current business portfolio to reflect implemented strategic plans
• Identify and prioritize the driving forces in the business
• Determine direction of the business by visualizing the future and describing what it looks like
• Identify quality or attribute that the business possesses that makes it different from others

2. Gather and analyze business enterprise & financial data to design a specific performance audit

• Create an implementation plan to apply the action plans in a prioritized manner
• Craft an internal and external monitoring which includes the use of business analysis
• Perform gap analysis & determine measurable difference between reality and preferred future
• Develop a contingency plan for the business
• Develop action plans to be used to close the gap between actual and desired performance