Vocational Training in
Business Management Program
Overview
The role of a Business Manager is to supervise and lead a company’s operations and employees. They perform a range of tasks to ensure company productivity and efficiency including implementing business strategies, evaluating company performances, and supervising employees.
Some of the other duties of a business manager includes assessing and identifying new opportunities for growth in current and prospective markets, establishing the company’s goals and objectives, recruiting and training new employees, performing regular employee evaluations to determine areas of improvement, designing business strategies and plans to meet the company goals, making sure that the company has sufficient resources such as personnel, material, and equipment, developing a comprehensive company budget and perform periodic budget analyses, ensuring all company activities adhere to legal guidelines and policies and assessing overall company performance.
Description
The two-year Vocational Training in Business Management Program at CMEC will prepare program graduates for entry-level management positions, or will pave the way for transferring to globally recognized universities all over the world. The program’s foundation courses provide an understanding of the basic skills and techniques required to be effective in today’s business environment. Graduates will take specialized courses in management essentials, human resources management, business law, negotiations, operations management, enterprise development, business planning and international business. The program emphasizes real world business applications of key management concepts.
Classes are exciting, practical and participatory. They may include a combination of lectures, exercises, case studies, in-class assignments, projects, student presentations, group work, role-play, structured simulations, and guest speakers.
Many of the courses included in this program are articulated with other universities and colleges for ease of course transferability to and from CMEC.
Program Curriculum
Semester 1
Introduction to Business Management is designed to expose the interested student to many functions of modern business. The course shows the student how these functions exist in a changing society and the type of decisions that must be made within that environment. The course is also designed to expose the student to the multitude of career fields in the areas of business. The importance of business in modern society is also stressed throughout the course. Topics such as business environment, management, organization, marketing, finance, accounting, and data processing are discussed in an introductory manner.
This course is an introduction to contemporary marketing theory and its application in the business implementation process. It places special focus on identifying business opportunities, product development, promotion planning, pricing decisions, and distribution channels.
Mathematics for Business is designed to introduce the basic mathematical skills needed to understand, analyze, and solve mathematical problems encountered in business and finance and investment decision-making. There are no prerequisites for MATH11; however, students are expected to be able to perform the basic arithmetic operations – addition, subtraction, multiplication, and division – with ease and to have some familiarity with fractions, with algebraic operations, and with some basic mathematical principles.
This course presents the principles, techniques, and concepts needed for managerial analysis and decision-making. It highlights the effective management of planning, organizing, influencing, and controlling related to the internal and external environment and ethics and social responsibility issues. It emphasizes a variety of communication skills.
Students will study computer terminology, hardware, and software related to the business environment. This course focuses on business productivity software applications and professional behavior in computing, including word processing (as needed), spreadsheets, databases, presentation graphics, and business-oriented internet utilization.
Semester 2
This course introduces students to the core microeconomics concepts and principles to develop an understanding of issues of scarcity and choice and the constraints to economic agents; specialization and exchange; market structures of perfect competition, monopoly, monopolistic competition, and oligopoly; elasticity; costs of production; efficiency and government intervention; poverty, inequality, and discrimination. In addition, the course explores the causes of market failure and how public policy can address these problems.
This course provides a comprehensive analysis of individual and group behavior in organizations. Its purpose is to provide an understanding of how organizations can be managed more effectively and at the same time enhance the quality of employee’s work life. Topics include motivation, rewarding behavior, stress, individual and group behavior, conflict, power and politics, leadership, job design, organizational structure, decision-making, communication, and organizational change and development.
This course introduces accounting in general and then covers financial accounting basics through the accounting cycle for service and merchandising business. The main objective of this course is to introduce the theoretical foundation of financial accounting (concepts, assumptions, and principles) and the financial statements of a profit-seeking enterprise. In addition, the course prepares the student to perform the different steps of the accounting cycle for service and merchandising businesses.
This course will provide students with communication principles, concepts, and techniques that are essential components for effective organizational behavior in oral and written communication situations. In addition, communication strategies utilizing principles of psychology and appropriate methodology will be emphasized.
Computer Fundamentals and Skills 2 provides more details about software related to the business environment. This course focuses more on business productivity software applications and professional behavior in computing.
Semester 3
This course provides an introduction to the economic analysis of key macroeconomic variables such as output, employment, inflation, interest rates, and exchange rates. The important elements of the course include the measurement of macroeconomic variables, the development of models and theories to explain the behavior of macroeconomic variables, the use of empirical evidence in evaluating different models, and the role of government policy in seeking to influence macroeconomic outcomes. The course will provide students with a framework for understanding the workings of the whole economy and the various interactions among households, businesses, and governments.
This course introduces the student to the legal and ethical framework of business. Contracts, negotiable instruments, the law of sales, torts, crimes, constitutional law, the Uniform Commercial Code, and the court systems are examined. Upon completion, the student should be able to identify legal and ethical issues that arise in business decisions and the laws that apply to them.
This course presents basic issues such as theories of international business, exchange rates, managing diversity and the impact of social values and cultural differences, economic variables in international decision-making, corporate-government relations, asset management, marketing, and production in the international company are introduced.
Financial Management is an introductory finance course designed to make students understand the basic finance concepts. The course involves studies on decision-making utilizing financial resources available to the firm from the manager’s perspective. The course emphasizes the understanding of finance theory and working knowledge of the financial environment in which the firm operates in order to develop appropriate financial strategies. Hence, it covers the whole range of basic finance concepts, economics and financial environment, financial statement analysis, risk analysis, the valuation process, capital budgeting, and capital structure and dividend policy. It will also cover financial analytical tools, cash flow management techniques & working capital management.
This course introduces the key concepts, tools, and principles of strategy formulation and competitive analysis. It is concerned with managerial decisions and actions that affect the performance and survival of business enterprises. The course is focused on the information, analyses, organizational processes, and skills and business judgment managers must use to devise strategies, position their businesses, define firm boundaries and maximize long-term profits in the face of uncertainty and competition.
Semester 4
Human Resource Management links people-related activities to business strategy. The course develops a critical understanding of the role and functions of the various human resource activities in an organization, providing students with a comprehensive review of key HRM concepts, techniques, and issues. Topics include job analysis and design, recruitment and selection, evaluation, performance management, occupational health and safety, and the strategic contribution of HRM to organizational performance and evaluating HRM effectiveness.
This course introduces students to the theory of entrepreneurship and its practical implementation. It focuses on different stages related to the entrepreneurial process, including business model innovation, monetization, small business management, and strategies that improve the performance of new business ventures. Centered around a mixture of theoretical exploration as well as case studies of real-world examples and guest lectures, students will develop an understanding of the successes, opportunities, and risks of entrepreneurship.
This course provides a general management perspective of the role of operations in companies in both the manufacturing and service industries. It offers a broad survey of the concepts and techniques involved in designing and managing operations. Students explore the role of operations in building the firm’s competitive strength and fulfilling the firm’s goal of creating value and delivering customer satisfaction. Focus is on the leading decisions Operations Managers must make within the wider corporate and industry context, from initial product and process design to inventory and quality management, maintenance, and development over time.
Students learn statistical techniques for further study in business, economics, and finance. The course covers descriptive statistics, probability, discrete and continuous random variables, estimation, hypothesis testing, regression analysis. In addition, the course emphasizes statistics to solve management problems.
Students must do an original piece of work individually in which they include the knowledge and competencies they have acquired during the program courses.
Career Opportunities
Graduates find employment in entry-level management positions in both the private and public sectors, including manufacturing, service, profit, and nonprofit organizations. Some graduates become entrepreneurs and start their own businesses.
