STRATEGIC PROBLEM SOLVING
ASM3300: Strategic Problem Solving
This is the required advanced management course, which builds upon and requires students to apply the content of SME (Managerial Accounting, Technology and Operations Management, Marketing, IT Management, Finance and Micro-economics). The course develops skills in critical and integrative thinking with a focus on strategic problem solving. After introducing foundational concepts and frameworks of strategic management, the course will introduce issue-based problem solving. The latter part of the course requires students to work in teams and practice problem solving by identifying, analyzing, and proposing solutions to a strategic problem faced by a company of their choice. Students concentrating in strategic management are urged to take this course in the fall of their junior year.
Prerequisites: SME (except SME2041)
INDIA:WRLD RELIGION, IDEOLOGIES AND SOC
CVA2004: India: World Religions, Ideologies, and Society
4 Intermediate Liberal Arts
This portion of Babson’s BRIC experience is a four-credit intermediate liberal arts course. The guiding framework for this course will be an historical, cultural and political study of the major religious traditions and political ideologies that have informed and distinguished the key periods of Indian history up to today. A dramatic fact about India is that the Hindu, Buddhist, Jain and Sikh religions all had their genesis there and they all still inflect everyday 21st century Indian life. Islam arrived as part of a foreign conquest, yet today India has the second largest Muslim population in the world. India has also been a critical place of refuge for endangered religious communities including people of the Zoroastrian (Parsi) and Bahai traditions. Although different from religions in many ways, political economic ideologies are also belief systems with revered symbols and rituals. Indian nationalism and its distinctive style of secularism and 21st century globalism are the pivotal modern ideologies that we will explore.
BRIC India is based in New Delhi, the capital of India, and formerly the capital of both the Mughal Empire and British Raj. We will use three different learning methods to accomplish the goals of this course. One will be scholarly reading and discussion, with guest speakers, films, and other classroom activities. A second will be experiential and mini ethnographic work in the field. This will include guided site visits to such places as the Taj Mahal, and participant observation of religious rituals at various places of worship. The third method will be learning from social activists and taking small social actions ourselves. We will do this in encounters with people working to emancipate child laborers and trafficked women, people working to preserve endangered traditional crafts while employing rural women, and people providing children of extreme poverty a superlative education.
By the end of the course you will have basic literacy in five world religions and a nuanced understanding of the diversity within each tradition in a 21st century urban Indian context. You will also have new tools of cultural investigation that can be applied to any cultural scenario you encounter in the future.
Prerequisites: RHT and AHS
FOUNDATIONS OF MGMT & ENTREPRENEURS
Foundation of Management & Entrepreneurship, Revised (2 semesters)
This full-year, introductory course exposes students to key entrepreneurship, marketing, business management and organizational behavior concepts. Central to the course is a "learn by doing” approach in which students teams develop and implement an actual business that the College funds. Profits generated by the business activity are used to support a charitable project that the students also coordinate. Through these activities students will have a personal opportunity to explore the challenges and complexities of creating social as well as economic value. In the organizational behavior stream of this section of FME, students will explore their personal entrepreneurial leadership capabilities and how to work with and through others and effectively participate in their business organizations. This section of FME will meet Babson’s undergraduate requirements for a semester long course in organizational behavior.
This course is typically offered in the following semesters: Fall
FOUNDATIONS OF MGMT & ENTREPRENEURS
Foundation Management & Entrepreneurship (2 semesters)
This full-year, introductory course exposes students to key management and information systems principles, vocabulary, and techniques. Central to the course is a "learn by doing" approach and sensitivity toward social responsibility and ethical behavior. Students organize into groups of 30 and are responsible for developing and implementing an actual business that the College funds. Profits generated by the business activity are used to support a charitable project that the students must coordinate as well. Students are introduced to the central concepts of finance, accounting, management, operations, and human resource management. In addition, they learn how information systems are used to manage and control business organizations and how to use productivity tools such as spreadsheet and database programs to manage business organizations more effectively.
Prerequisite: FME1000 and ACC1000 (may be taken concurrently)
This course is typically offered in the following semester: Spring
HONORS SEMINAR II
IMH2512 Honors Seminar II - This Seminar will meet every other week beginning 1/21
Honors Seminar II is designed to guide Honors Program students through the writing process for their honors project proposal. In this seminar students will identify a research topic, develop a research question, learn how to do a scholarly literature search and use research in their writing, and write a final, polished version of the honors project proposal. The course will be run as a workshop so attendance at all sessions and adherence to all deadlines is essential. This course is required for all junior Honors Program students.
Prerequisite: IMH2511, Instructor Permission
MCFE: INT CONSULTING EXP ARGENTINA
MFE3508 International consulting Experience - Argentina
4 credit elective abroad
This course helps develop consulting, problem-solving, and international management skills by giving students an opportunity to engage in a consulting project with Argentinian organizations. Using a structured syllabus on problem solving and consulting skills, 3 to 5 teams of five Babson students will visit clients in Argentina from 7 to 14 January. Working under faculty supervision (in English), each team will develop a definition of the business problem they will solve for their client and develop a work plan for the development of their solution. Returning to Babson, the student teams will remain in virtual contact with their clients while researching the information needed to help the client, developing potential solutions to the defined problem, maintaining a dialogue with the client while evaluating potential solutions, and developing final written and oral reports of their findings. The course will end with a final client presentation, either a physical presentation if the client comes to Babson or a virtual presentation if the client remains in Argentina. Our partners in Argentina, the Austral Group, have already recruited three clients (including a Babson alumna) who have interesting business ideas involving expanding their businesses to the US or exporting to the US. This should enable our student teams to provide a valuable service, access critical information while working at Babson, and gain realistic exposure to global business issues. The course would be graded based on the evaluation of an initial problem definition and scope agreement, the development and execution of a work plan, the quality of data collected, the generation of alternative solutions to the client’s issues, logical evaluation of these alternatives, critical thinking resulting in a final recommendation, a written final report, an oral final report, and each student’s participation and professionalism.
MGMT CONSULTING FIELD EXPERIENCE
FManagement Consulting Field Experience
The Management Consulting Field Experience (MCFE) course provides an excellent opportunity for students to apply principles that they learn in the classroom to real-world consulting projects. The students gain practical experience by solving actual business situations. Students also develop key skills in negotiation, group dynamics, organization, and planning. Previous projects include financial advisory, corporate finance, investment management, marketing, data analytics, and business strategy. Teams of three to five undergraduate students work as a consulting group for a sponsor company. The students meet with the managers of the company, analyze the problem, and explore possible solutions. The project concludes with a formal report and a presentation to the sponsor company comprising the group's recommendations.
Prerequisite: SME and Permission of Experiential Learning Programs Associate Director
10K SMALL BUSINESSES AT BABSON
10K SMALL BUSINESS SCHOLAR PREWORK
SME:MANAGERIAL ACCOUNTING AND OPERATIONS
The sophomore management experience MAC and TOM module (SME) integrates two subject streams: Technology and Operations Management (3 credits) and Managerial Accounting (3 credits). This module focuses on the internal organization and processes required for entrepreneurial leaders and managers to successfully test and execute business strategies. To be effective, entrepreneurs and managers must design operations, model the expected performance of operational designs, make decisions that strategically manage costs, and take actions that achieve desired results in an ethical manner. The two streams in this module will help build the skills you need to become ethical entrepreneurial leaders and managers. You will experience how the design of operations impacts measured performance, and how modeling expected results before action is taken leads to improved operational decisions. SME will also provide learning experiences that demonstrate the interconnections between the streams.
SME2001 Managerial Accounting
3 credit intermediate management
The Managerial Accounting stream in SME builds on knowledge acquired in Financial Accounting but shifts the focus to providing entrepreneurs and managers with relevant information that supports decision making and performance measurement. The stream introduces the language of managerial accounting and teaches students to perform basic management accounting analyses (e.g., costing of cost objects, cost behavior, differential analysis, and performance measurement). The stream requires students to use the results of their analysis to evaluate the design of operations, to make strategic decisions, and to propose action. Issues covered include selecting a profitable mix of products and services, analyzing profits and costs during product development, budgeting for operations, analyzing whether to outsource or insource activities, and managing performance through measurement systems. Throughout the semester we will explore interconnections between management accounting analyses and operational actions.
SME2002 Managing Operations
3 credit intermediate management
Managing operations is vital to every type of organization, for it is only through effective and efficient utilization of resources that an organization can be successful in the long run. This is especially true today, when we see that significant competitive advantages accrue to those firms that manage their operations effectively. We define operations in the broadest sense, not confining the focus within a set of walls but defining the scope to the thoughts and activities necessary to supply goods and services from their conception to their consumption. This course introduces you to the operational challenges that entrepreneurs and managers face and provides a set of tools to aid you in designing, evaluating and managing business processes to meet your organization’s objectives. Throughout the semester we will explore interconnections between operational actions and management accounting analyses.
PREREQUISITES: ACC1000 and FME1001
SME: MARKETING AND INFO TECHNOLOGY
Marketing is involved with the task of ethically marketing products and services in a global environment. In order to survive in the contemporary business world, organizations have to continually bring new ideas and products/services to the market – think creatively, act entrepreneurially and utilize analytical rigor. The Marketing stream of SME will examine how marketers can recognize and utilize changes in the political, economic, social, and technological environments to identify and target opportunities; how to develop and communicate value propositions; and how to develop successful marketing strategies. These strategies will emphasize market analysis and the Four Ps (product, pricing, place, and promotion). Students will also be introduced to the analytical tools and methods crucial to understanding the role of these variables in achieving marketing goals and reaching performance metrics. This stream will also explore issues associated with: social media, marketing research and marketing analytics, buying behavior, market segmentation, branding, retailing, value-based pricing, advertising, sales, and other marketing topics as they are applied to the management of marketing goods and services. Methods of instruction will include lecture, discussion, experiential (involvement) learning, integrative teaching, simulations, and case analysis. Methods of assessment will include: quizzes, presentations, exams and participation. The material and the various methods of instructions are guided by Babson’s learning goals. The marketing stream of SME will primarily integrate with Managing Technology and Information Systems. There will be a joint social media related project and presentation
3 credit intermediate management
The sophomore management experience MKT and IT module (SME) integrates two subject streams: Marketing (3 credits) and Managing Technology and Information Systems (3 credits). This module focuses on helping students develop an understanding of the marketplace and the role of informational data bases, marketing research and marketing analytics in adding this understanding. The two streams highlight the role of marketing and information technology interface in a variety of contexts to enhance the effectiveness of business strategies. Businesses are actively using social media, mobile and online to market their products and services. The two streams will jointly highlight the importance of these information technology advancements in enabling businesses (and marketers) to better serve their customers. SME will also provide learning experiences that demonstrate the interconnections between the streams.
SME2012 Managing Information Technology and Systems
3 credit intermediate management
Managing Information Technology and Systems (MITS), part of the second year management curriculum, is designed to introduce students to the foundational concepts in Information Technology and Systems (ITS) and their application in managing innovation, ITS infrastructure, and organizational partners (suppliers/customers) in the context of a medium/large business. The course will integrate primarily with Marketing and Operations using common/linked cases and joint exercises. The pre-requisites for the course is FME (Foundation of Management and Entrepreneurship).
SME2041 SME Integration
The sophomore management experience includes a 1-credit integrated experience designed to bring together some of the concepts you have already been learning and applying in your management classes at Babson.
INTRODUCTION TO SUSTAINABILITY
SUS1201 Introduction to Sustainability
**This course is for SOPHOMORES and JUNIORS only***
This is the first course in a three college (Babson/Olin/Wellesley) Sustainability Certificate.
This case-based course introduces students to the basic concepts and tools that business, engineering, and the liberal arts (science, social science, and the humanities) bring to a consideration of sustainability. It is team taught by three faculty members, one from each institution, with coursework fully integrated across the three approaches. The course will draw empirical material from, and apply concepts and tools to, a semester long case (such as the sustainability of a city block, the transition to clean energy worldwide, or the life cycle of a common consumer product).
SUS3600 Sustainability Synthesis
5 credit advanced liberal arts
This course will meet on Monday afternoons on a rotating basis at all 3 campuses
Professor James Hunt (Babson) Jay Turner (Wellesley) Abigail Metchenberg (Olin College)
This course is the required synthesis course of the three College undergraduate Sustainability Certificate. Students will learn about real world sustainability practices through identifying a sustainability issue important to an actual client, collecting inter-disciplinary data from multiple perspectives, developing alternative solutions, and making an actionable recommendation for addressing issue. Concurrently, students will learn more advanced conceptual perspectives on sustainability including the social causes and consequences that contextualize sustainability efforts, change management and client relations, how to assess the scalability an impact of proposed solutions and advanced tools and models helpful to assessing sustainability projects.