mgmtinc triumph final pwp
TRANSCRIPT
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Essentials of Business & Money Management (BUS-104-01)
Team Triumph: Beethoven, Jeff, Tim
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Course At a Glance Builds strong foundation of finance Understanding of personal finance BizCafe business simulation enhances
teamwork, leadership & public speaking
Greater opportunity for future success
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Key Highlights Problem & Solution Stakeholder Analysis Force Field Analysis Resistance & Programs to Combat It Communication Strategy Implementation Plan & Budget Practicality Assessment & Consolidation
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There is a problem here at Nichols… College Students are expected to know
important financial basics Most college students are lost in the practical
financial world Nichols College students are held to a high
expectation level of business skills
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Loss of Competitive Edge Umass Amherst: Isenberg School of
Business BUS-MGMT “Personal Finance for
Business Leaders” They’re not the only ones…
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The Solution Fills the knowledge
gap Builds a strong
foundation Gives vital early-on
experience Provides a brighter
future
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Nature of the Change
1st order change Relatively small
change Incremental change
in daily activities
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Force Field Analysis
PROBLEM: There is a need for a course here at Nichols College teaching financial basics & essential business skills
that college students are just assumed to know
Students who
already know the material
RANK: 7
Low Student Interest RANK: 2
Stakeholder Opposition
(fear of failure)
RANK: 4
Staffing Issue
RANK:
8
RANK: 1
High Studen
t Interest
RANK: 5
Higher Retention/
Job Placement
Rates
RANK: 3
Increase in Competitiv
e Edge
RANK: 6 Better
School Reputatio
n
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Stakeholder Analysis
Prof. Westerling
Curriculum Committee
Bill Boffi
Students
Stakeholders
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Stakeholder Calculated Decision Power
Decision PowerStudents
Bill Boffi's Office
Curriculum Committee (CC)
Professor Westerling (Assoc. Dean of Business)
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Reasons for Resistance Student interest level Fear of Failure Practicality of the course No professor willing to teach the course
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Practicality within Curriculum Directly aligned with
Nichols mission & learning objectives
Builds strong foundation for future courses
Develops students with career-focused experience
Preview of “Nichols Experience”
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Programs to Overcome Resistance
Social Media Info Session at Fels Newsletter (Bison Beat) Ad Flyers Brochures Surveys
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Student Survey Results 4 out of 7 said they lack an
understanding of basic finance 7 out of 7 said they would take this
course Student Interest Level: High Give the people what they want
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The 9 Step Plan: Steps 1-3
Step 1: Obtain Faculty approval in department (1 Day)
Step 2: Prepare a Curriculum Change Form (1-2 Days)
Step 3: Department Chair signs proposal and gives to the Curriculum Committee (1-3 Days)
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9 Step Plan: Steps 4-6
Step 4: The Curriculum Committee Chair (Dr. Jay Price) schedules the proposal for review by the committee (1-2 Weeks)
Step 5: The Curriculum Committee Chair sends the approved proposal to the Associate Dean of Business ( Professor Westerling) (1-7 Days)
Step 6: Once Dean approves, then sends 4 copies of the proposal back to the Curriculum Chair (4-7 Days)
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9 Step Plan: Steps 7-9 Step 7: The Curriculum Chair
completes the proposal and is sent for review by the General Education Committee (1-9 Days)
Step 8: Once passed, is sent to the Registrar Betin Robichaud (3-4 Days)
Step 9: The Registrar adds the new course to the course catalog for students to select (1 Day)TOTAL
IMPLEMENTATION TIME:
23-48 Days
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Communications Strategy Emphasis to Stakeholders- course objectives aligned w/ Nichols core values Promotions- ads, flyers, brochures, info session, social media(twitter)Spread the Word- increase interest by telling other students about the course
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Budget Low impact & low
cost budget to fund change
$100 for food at the info session
$50 for supplies and ink for brochures and flyers
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Financial Resources Besides promotion costs there is no
cost involved Little funding required to cover
promotion costs Adjunct professor if needed ($3000 per
course)
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Gap Analysis
0%20%40%60%80%
100%
Student InterestRetention RateJob Placement Rate
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Assessment Methods Student survey after course Feedback from students (SIR’s &
supplement) Group project, Final Exam, and Student
Reflection results Effect on retention & placement rates
(Gap Analysis)
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Consolidation Review Assessment Results Weaknesses of the course will be
addressed & improved upon Student success & interest= future
student enrollment
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Any Questions?