MGMTINC Triumph FINAL PWP
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Transcript of MGMTINC Triumph FINAL PWP
Essentials of Business & Money Management (BUS-104-01)
Team Triumph: Beethoven, Jeff, Tim
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
Key Highlights Problem & Solution Stakeholder Analysis Force Field Analysis Resistance & Programs to Combat It Communication Strategy Implementation Plan & Budget Practicality Assessment & Consolidation
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
Loss of Competitive Edge Umass Amherst: Isenberg School of
Business BUS-MGMT “Personal Finance for
Business Leaders” They’re not the only ones…
The Solution Fills the knowledge
gap Builds a strong
foundation Gives vital early-on
experience Provides a brighter
future
Nature of the Change
1st order change Relatively small
change Incremental change
in daily activities
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
Stakeholder Analysis
Prof. Westerling
Curriculum Committee
Bill Boffi
Students
Stakeholders
Stakeholder Calculated Decision Power
Decision PowerStudents
Bill Boffi's Office
Curriculum Committee (CC)
Professor Westerling (Assoc. Dean of Business)
Reasons for Resistance Student interest level Fear of Failure Practicality of the course No professor willing to teach the course
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”
Programs to Overcome Resistance
Social Media Info Session at Fels Newsletter (Bison Beat) Ad Flyers Brochures Surveys
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
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)
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)
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
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
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
Financial Resources Besides promotion costs there is no
cost involved Little funding required to cover
promotion costs Adjunct professor if needed ($3000 per
course)
Gap Analysis
0%20%40%60%80%
100%
Student InterestRetention RateJob Placement Rate
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)
Consolidation Review Assessment Results Weaknesses of the course will be
addressed & improved upon Student success & interest= future
student enrollment
Any Questions?