Professor Richard Weidmann

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MGT 155
MGT 157
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Syllabus for MGT 157, Small Business Management

FALL 2006

The course requirements, relevant assignments and readings are outlined in the material that follows on this page.


Richard Weidmann, FMP, MBA
Associate Professor


Marlboro Hall, Room 3026

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If I am not in my office, please leave a message (include time, date, and call back number) on the voice mail. I will return your call as soon as possible.




Spring Semester Dates

This course runs from August 28 to December 10, 2006


Small Business Management
Longenecker, Moore, Petty
South-Western Publishing Co., 13th Edition

Course Objectives

Small businesses represent approximately half of all business enterprises now in existence.  They employ more than 90 percent of those people working in the private sector and they are responsible for the most rapid growth in the trend toward an economy of services and high technology.  

Whether you consider five employees - or 500 - a small business enterprise, you're talking about a vital part of the international economy.

With small business now playing such a crucial role in the international marketplace, it's more important than ever to help aspiring entrepreneurs - as well as those already involved in small business - learn what it takes to succeed.

It is intended that this course serve as a comprehensive primer on business success by showing prospective entrepreneurs:
bullethow to investigate and evaluate business opportunities.
bullethow to acquire the skills and knowledge needed to establish a new firm.
bullethow to market products or services.
bullethow tot manage the human and fiscal demands of a business operation.

Its lessons are equally valuable for larger business organizations seeking to train and to instill an entrepreneurial spirit in their workforce - a crucial competitive requirement for corporations operating in the challenging international marketplace.

Class Format

The online student should follow a basic format. First, read the assigned text material. Then, click on Course Document for an overview of important chapter concepts. Third, review the chapterís PowerPoint presentation.

There will be questions assigned after each chapter. These questions should be answered succinctly but with evidence of coursework understanding.

One of the course's' most important requirements for each student is the preparation and development of a "Business Plan" (i.e., an organized, logical and practical proposal for a new business venture).

Periodically, case studies will be assigned with the student taking the role of the supervisor responsible for making decisions and explaining the rationale.


Business Plan



4 Online Tests

(each Test consists of -50 multiple choice questions and is worth 15% of your grade)



Weekly Online Discussions



Chapter Questions (Short Answers)


  Total Possible Points