ARCHIVED 2022-2023 Graduate Catalog [ARCHIVED CATALOG]
Business Administration
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Program Director: Dr. Rhetta Standifer
Mission Statement
The Master of Business Administration program at North Central College equips students with key competencies and innovative skills to advance in their careers. The professional development experience provides students mentorship from Chicagoland business leaders and opportunities to network with colleagues while engaging in value-added seminars. Online courses are taught by experienced, full-time faculty.
Full-time students can complete their degree within one full year if they enroll in two courses each half-semester (e.g., Fall I, Fall II, Spring I, Spring II, etc.), including the summer. Part-time students can complete the degree within two full years if you enroll in one course each half-semester, including summer.
At least 21 credit hours must be unique to this degree program.
Master of Business Administration
Business Administration
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MBUS 500 - Data Analytics for Managers 3.00 credit hours
This course develops analytical skills for business professionals as it pertains to data analysis, interpretation and presentation. The course relies on real-world data to develop competencies in the approach and tools necessary to analyze data. Students gain an understanding of how data scientists use data to inform business decisions. Students develop familiarity with various data analysis and presentation programs commonly used by business professionals.
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MBUS 505 - Management - Organizational Behavior 3.00 credit hours
This course examines some of the most important and useful practices and theories found in the management of organizations. What is the role of human behavior within organizations and how does this behavior influence/impact organizational practice and performance? How can managers communicate, coordinate, collaborate, motivate, and lead employees in a meaningful way? There are two key goals for this course: 1) discuss management concepts that are both interesting and relevant to students as future employees of organizations; and 2) create an understanding and excitement for the opportunities available to students acting in a managerial capacity.
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MBUS 520 - Applied Managerial Marketing 3.00 credit hours
Examines marketing management as a cross-functional process that joins the marketing vision for an organization with its financial goals and production capabilities. An emphasis is placed on the development of a strategic marketing plan which includes targeting, positioning of good/services and the marketing mix to achieve and sustain a competitive advantage. In addition, case studies are used to analyze marketing management problems and solutions.
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MBUS 600 - Managerial Economics 3.00 credit hours
The course studies the merger of economic theory and business practices. The decisions managers make can affect large cohorts of employees and customers. A successful business professional makes informed decisions. Managerial economics is the application of economic analysis to the decision making process within business environments. Understanding market forces, small and large, lead to educated decision-making.
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MBUS 603 - Global Business 3.00 credit hours
This course focuses on the environment of international business, globalization, culture, politics, trade theories, international institutions, strategic issues relating to internationalization of the business firm and methods to enter the international markets. It explores foreign direct investment, international financial institutions, differences in political economy and culture, barriers to trade, foreign exchange, business-government relations and the strategic alternatives available to companies operating in the global economy. It emphasizes the multidimensional nature, complexity and ambiguity surrounding the international business enterprises and provides the global businessperson with the opportunity to make good decisions and to formulate successful corporate or business strategies in the global environment.
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MBUS 606 - Entrepreneurship and New Venture Strategy 3.00 credit hours
Entrepreneurship and New Venture Strategy focuses on skills and business strategies necessary for launching a business. Topics include opportunity recognition, new market development, resource allocation, growth strategies, innovation, legal issues, taxation and acquiring seed capital, among others. Each student develops a new venture concept plan to envision, and potentially create and launch, a new business.
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MBUS 609 - Global Supply Chain Design and Management 3.00 credit hours
A comprehensive study of the concepts, processes and models used in the design, development, analysis and management of global supply chains. Students study the supply chain strategies and how to design and manage the most effective supply configurations and interrelationships to develop and maintain competitive advantage. Specific topics include global procurement, electronic commerce, facilities location, transportation decisions, routing and scheduling, distribution planning, information technology and logistics systems design.
Prerequisite(s): MFIN 510 .
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MBUS 610 - Regression Analysis 3.00 credit hours
Regression Analysis techniques are probably the most widely used statistical techniques in both the business and non-business worlds. This course provides an introduction to regression methods—using sample data to investigate relationships, explain and/or predict a future value for some dependent variable of interest. We will emphasize data cleaning, analysis and interpretation, problem identification and theoretical understanding. With analysis and practice of actual data-sets, students will learn the underlying statistical ideas of regression modeling and using regression to analyze a variety of real-world problems.
Prerequisite(s): MBUS 500 .
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MBUS 616 - Business in Emerging Markets 3.00 credit hours
Globalization presents enormously profitable opportunities as well as unpredictable challenges for firms. Under the current and future phases of globalization, the world’s economic gravity is moving towards emerging markets, particularly China and India. However, numerous businesses either choose to overlook or underestimate the substantial cost of doing business in these markets. This course is designed to equip future managers with the analytical tools to understand the salient issues as well as corresponded resolutions facing multinational enterprises today. This course will introduce and discuss concepts, strategies, and tactics employed by international executives from both advanced as well as emerging economies. We will use a combination of lectures or theoretical models, case studies and academic research to approach our learning objectives.
Prerequisite(s): MBUS 603 , MBUS 696 .
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MBUS 622 - Global Marketing Management 3.00 credit hours
This course prepares you to be an empathetic, knowledgeable and effective marketer overseeing marketing activities across borders. Building upon the fundamental concepts of marketing, the course will discuss key considerations on the impact of the cultural, economic, political and technological environments on global marketing decision; analyze the significance of customer value; identify key criteria on global market targeting and positioning; and apply strategies for global marketing mix (product, price, place and promotion) designs. This course will appeal to students interested in marketing, global and international business, global studies and business and society.
Prerequisite(s): MBUS 520 .
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MBUS 696 - Strategic Management 3.00 credit hours
Provides practice in diagnosing and identifying realistic solutions to complex strategic and organizational problems. The course builds on previous coursework by providing an opportunity to integrate various functional areas and by providing a total business perspective. Topics include an overview of strategic management, the process of choosing and defining purposes and objectives, identifying internal and external environmental factors relevant to strategic management, formulating and implementing a viable strategy and monitoring strategic performance. The course focuses on relationships among the firm, its strategy and its environment; why firms choose certain businesses; which business strategies are successful; and how firms can change in response to a dynamic environment.
Prerequisite(s): 27 credit hours of graduate coursework and all of the following: MBUS 500 , MFIN 510 , MHRM 515 , MBUS 520 .
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