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.
*** Students may not take SME2000 and SME2010 concurrently***
MKT2011 Marketing
3 Intermediate Management Credits
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 Intermediate Management Credits
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).
Prerequisites: FME1001 or (MOB1000 and MOB1010)
- Program: Undergraduate
- Division: Other
- Level: Intermediate Management (UGrad)
- Course Number: SME2010
- Number of Credits: 6
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.
***Students may not take SME2000 and SME2010 concurrently***
SME2001 Managerial Accounting
3 Intermediate Management Credits
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 Intermediate Management Credits
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 or (MOB1000 and MOB1010)
- Program: Undergraduate
- Division: Other
- Level: Intermediate Management (UGrad)
- Course Number: SME2000
- Number of Credits: 6
EPS7506 Social Innovation
3 Elective CreditsWe are living in a world where societal expectations of business have shifted and the lines between business, government, and the social sectors are being blurred. Businesses are called upon to create both economic and social value in new ways. This course addresses issues related to the social, economic, and environmental responsibilities of business. The topic of sustainability is also addressed.
- Program: Graduate
- Division: Entrepreneurship
- Level: Graduate Elective (Grad)
- Course Number: EPS7506
- Number of Credits: 3
OIM3504 Social Innovation Design Studio: Innovating for the Future of Business and Society
4 Advanced Management Credits
This experiential studio course offers students a unique opportunity to integrate entrepreneurial leadership with social design and learn by doing as they create and implement solutions to some of the world's pressing challenges - in partnership with innovative client sponsors. Students work collaboratively in teams supported by faculty, mentors, lecturers and their own self-initiated research. Three sections guide learners through the process of self-discovery, understanding the landscape and potential of social design in business, and hands-on application of the process to a real-world challenge. The mindsets, skillsets and processes mastered will serve students in creating the future they want throughout their lives.
Prerequisites: (FME 1000 and FME1001) or (EPS1000 and MOB1010)
- Program: Undergraduate
- Division: Operations and Information Management
- Level: Advanced Elective (UGrad),Advanced Management (UGrad)
- Course Number: OIM3504
- Number of Credits: 4
OIM7504 Social Innovation Design Studio: Impacting the Future of Business
3 Credits
This new experiential studio course offers students a unique opportunity to integrate entrepreneurial leadership with social design and learn by doing as they create and implement solutions to some of the world's pressing challenges - in partnership with innovative organizational sponsors. Students work collaboratively in teams supported by faculty, mentors, lecturers and their own self-initiated research. Three sections guide learners through the process of self-discovery, understanding the landscape and potential of social design in business, and hands-on application of the process to a real-world challenge. The mindsets, skillsets and processes mastered will serve students in creating the future they want throughout their lives. This is a signature learning experience for the updated Intensity Track in Business and Social Innovation.
Prerequisites: None
- Program: Graduate
- Division: Operations and Information Management
- Level: Graduate Elective (Grad)
- Course Number: OIM7504
- Number of Credits: 3
MKT3500 Social Media and Advertising Strategy
(Formerly Marketing Communications)
4 Elective CreditsHow do customers learn about or build the desire to pick one product or service from another? The answer is social media and advertising. Making a great product or providing superior service is not enough if no one knows about it. IN the 21st century, traditional advertising strategies are not enough. Now companies need to have social media strategy at the center of their advertising planning. You should take this course if you want to learn how to effectively communicate about your product or service to your target segment(s) across social media platforms and how to coordinate your overall advertising strategy.
Examines the nature and role of social media platforms and advertising strategies, focusing on the goals and uses of advertising, sales promotion, public relations, and direct marketing, in achieving the communications objectives of marketing. This course first explores online consumer behavior and microtargeting, then discusses content and creative strategy planning. The course will then examine how to apply these strategies to various social media platforms such as YouTube, Facebook, Instagram, LinkedIn, Pinterest, and others along with integrating with traditional media. Students will be involved in determining the promotional budget, creating a message strategy, planning the social media mix, targeting communications to select market segments, executing the promotion program, and measuring overall effectiveness.
Prerequisites: SME2011
- Program: Undergraduate
- Division: Marketing
- Level: Advanced Elective (UGrad),Advanced Management (UGrad)
- Course Number: MKT3500
- Number of Credits: 4
MKT7500 Social Media and Advertising Strategy
(Formerly Marketing Communications)
3 Elective CreditsHow do customers learn about or build the desire to pick one product or service from another? The answer is social media and advertising. Making a great product or providing superior service is not enough if no one knows about it. IN the 21st century, traditional advertising strategies are not enough. Now companies need to have social media strategy at the center of their advertising planning. You should take this course if you want to learn how to effectively communicate about your product or service to your target segment(s) across social media platforms and how to coordinate your overall advertising strategy.
Examines the nature and role of social media platforms and advertising strategies, focusing on the goals and uses of advertising, sales promotion, public relations, and direct marketing, in achieving the communications objectives of marketing. This course first explores online consumer behavior and microtargeting, then discusses content and creative strategy planning. The course will then examine how to apply these strategies to various social media platforms such as YouTube, Facebook, Instagram, LinkedIn, Pinterest, and others along with integrating with traditional media. Students will be involved in determining the promotional budget, creating a message strategy, planning the social media mix, targeting communications to select market segments, executing the promotion program, and measuring overall effectiveness.
Prerequisites: MKT7200 or MKT7800
- Program: Graduate
- Division: Marketing
- Level: Graduate Elective (Grad)
- Course Number: MKT7500
- Number of Credits: 3
SEN1305 Social Media Etiquette for Business Professionalism(Senior Instructor: Will Hallock) Due to the growing ability to connect with others via social media, individuals' online behavior is becoming increasingly important in the professional setting. Whether during the job search or in everyday communication, social media etiquette is an essential skill for success. This course incorporates a combination of theory (through scholarly articles and publications) and application (through frequent class activities such as practice professional emails, social network profile assessments, and mock social media networking activities), with a heavier emphasis on the latter portion.
Course Schedule:
Friday, January 31 - Effective Email Communication
Friday, February 7 - Using LinkedIn to Highlight Your Skillset
Friday, February 14 - Developing Your Professional Brand on Twitter
Friday, February 21 - Building Your Network on Facebook
Friday, February 28 - Professional Presentation Strategy
Friday, March 7 - Showcase of all Senior-Led Seminars
- Program: Undergraduate
- Division: Other
- Course Number: SEN1305
- Number of Credits: 0
NST2085 Socio-Ecological Prairie Systems
4 Intermediate Liberal Arts Credits
**NST2085 AND LVA2085 are two separate courses and students are held responsible to register for the course that they would like to receive credit for.**
Socio-ecological systems (SES) are linked systems of people with nature, emphasizing that humans must be seen as a part of, not apart from nature. This course will explore the nature of the prairie, both as a socio-ecological system and as a subject for exploration and contemplation for visual and literary artists. Before the Euro-American (un)settlement of the North American middle west-about 150 years ago-the tallgrass prairie extended for approximately 145 million acres from Canada to Texas. Now, after several generations of overgrazing, plowing, and the intensities of agricultural production, there remains less than 5% of what some scientists call our most endangered ecosystem. We will investigate how prairies function, study the causes and consequences of related ecological patterns and processes in prairie landscapes, describe both the loss and restoration of prairie environments, and appreciate the potential for the role of the arts in naming, analyzing, and imagining solutions relating to the examination and repair of prairie systems. Studying SES allows for the development of important skills for future leaders, such as approaches for incorporating uncertainty, nonlinearity, and self-reorganization from instability. Transdisciplinary approaches will be employed to address complex temporal, spatial, and organizational scales to investigate real world challenges.
Prerequisites: NST1 and FCI1000 and WRT1001
- Program: Undergraduate
- Division: Mathematics Analytics Science and Technology
- Level: Intermediate Liberal Arts (UGrad)
- Course Number: NST2085
- Number of Credits: 4
SES2000 Socio-Ecological Systems
4 Credits
Special Topic Descriptions: https://babson.sharepoint.com/:w:/s/SESTeachingFaculty/EWYrFfzN_uZDhS_m8w-TmAcBP35aZg1XkbeRQAjsQ7HapQ?e=pc4LSt&CID=4F7F0C1A-ED6A-4E61-9AB9-A0476C8E2B98
This co-taught course will integrate across the social sciences and ecological sciences to focus on socio-ecological systems(SES), which are linked systems of people with nature, emphasizing that humans must be seen as a part of, not apart from nature. These connected systems are complex, adaptive, and are governed by feedbacks within and between social and bio-physical processes. Studying SES allows for the development of important skills desperately needed for future business leaders, such as approaches for incorporating uncertainty, nonlinearity, and self-reorganization from instability. Students will be taught systems thinking and how to identify and develop an understanding of the interdependent and interrelated structures and feedbacks of dynamic systems. Transdisciplinary approaches will be employed to address complex temporal, spatial, and organizational scales to investigate real world challenges. Beyond just social impact businesses or corporate social responsibility, teaching system dynamics for sustainability allows students to develop as system change leaders.
This course will directly address the new integrated sustainability theme and will provide a strong background for all of our students in integrative systems thinking, ecological integrity, and structural injustice. Students will be introduced to the UN Sustainable Development Goals, Planetary Boundaries Framework, resilience strategies, and leverage points for systems-based change for sustainability. Students will also learn concept mapping techniques as a way of visually representing complex systems, their relationships, and indirect connections and feedback effects. The skills learned can then be expanded and built from in subsequent elective courses. There are multiple content versions of this course including Climate Systems, Food Systems, Natural Disaster and Resilience Systems, Prairie Systems, Urban Systems, and Water Systems that are offered across different semesters.
Prerequisites: NST 10XX and FCI 1000 and WRT 1001
- Program: Undergraduate
- Division: Mathematics Analytics Science and Technology
- Level: Intermediate Liberal Arts (UGrad)
- Course Number: SES2000
- Number of Credits: 4