****************************************************************************** RECOMMENDED ACTION
ACADEMIC AFFAIRS COUNCIL
AGENDA ITEM: 4.A.4 DATE: April 12, 2012 ****************************************************************************** SUBJECT: New Program – USD, Minor in International Business
The University of South Dakota has submitted a proposal for a baccalaureate minor in International Business. The proposed minor requires 18-19 credit hours.
The proposed minor will make the University’s business graduates more attractive to employers who operate in the global marketplace.
All courses for the minor are currently available and are taught for the University’s existing programs.
South Dakota Board of Regents New Baccalaureate Degree Minor
University: The University of South Dakota
Title of Proposed Minor: International Business
Degree(s) in which minor may be earned: Bachelor of Business Administration (BBA) in Accounting, Economics, Health Services Administration, Human Resource Management, Management, Marketing, and Finance
Existing related majors or minors: Majors in the BBA Proposed Implementation (term): Fall 2012
Proposed CIP Code: 52.1101
University Approval
To the Board and the Executive Director: I certify that I have read this proposal, that I believe it to be accurate, and that it has been evaluated and approved as provided by university policy.
James W. Abbott March 21, 2012
President, the University of South Dakota
Date
1. Do you have a major in this area? Yes X No
2. If you do not have a major in this area, explain how the proposed minor relates to your mission.
The University of South Dakota requests authorization to offer a baccalaureate minor in International Business. Commerce is now conducted in the context of a global economy, and this is increasingly true for South Dakota companies who seek to expand through the development of international markets. Success in this endeavor is absolutely required in order to achieve the economic growth needed for a secure future. The proposed minor will make the University’s business graduates more attractive to employers who operate in the global marketplace. All courses for the minor are currently available and are taught for the University’s existing programs.
The mission of the University of South Dakota includes approval for “baccalaureate programs in the arts and sciences, business, education, fine arts, health sciences, and medicine.” The Beacom School of Business offers the only AACSB-approved majors in the state. Because virtually all business now operates in a global economy, it is incumbent upon the University to offer our students the opportunity for additional study in this area. The minor in international business will provide our students with a focused perspective on the complexities of the global marketplace.
All of the courses contained within the minor are currently taught by the Beacom School of Business or by the USD language faculty. This minor serves as a certification of the efforts of students to focus a portion of their studies on the global aspects of business.
3. How will the proposed minor benefit students?
This minor focuses a portion of a student’s business studies on concepts, issues and relationships in the global marketplace. This focused attention will provide the students in this minor with a greater understanding of the complexities of the global marketplace. The coursework includes opportunities for experiential learning in overseas locations as well as development of skills supporting decision making in global organizations. This minor will support our students desire to obtain a position within a global organization.
4. Provide estimated enrollments and completions in the table below and explain how the estimates were developed.
Fiscal Years
1st 2nd 3rd 4th
Estimates FY 13 FY 14 FY 15 FY 16
Students in the minor (fall) 8 10 10 10
Completions by graduates 0 8 10 10
The above estimates are based on current enrollment in various majors in the Beacom School of Business as well as current enrollments in courses that will be contained within the minor. Given projected enrollments, current course offerings are expected to be sufficient to absorb these additional students.
5. What is the rationale for the curriculum?
The proposed curriculum for the minor requires students to gain fundamental knowledge and experience in the global marketplace. The proposed minor provides students the opportunity to tailor the course selection within the minor to their own areas of interest through their elective choices.
6. Complete the tables below. Explain any exceptions to BOR policy being requested. A. Distribution of Credit Hours
International Business Credit Hours Percent
Requirements in Minor 12-13 67/68%
Electives in the Minor 6 33/32%
At least 50% of the courses (excluding the language/study abroad requirement) that are taken as part of the international minor must be taken from the USD Beacom School of Business. No more than 7 credits can be applied to both major and minor requirements.
B. Required Courses in the Minor
Prefix Number Course Title New Hours
XXXX 102 2nd Semester of a Non-English
Language No 4
Or
INTS 300 Study Abroad (business related content) No 3
ECON 441 International Trade No 3
BADM 443 International Finance No 3
BADM 478 International Marketing No 3
Total 12-13
C. Elective Courses in the Minor (select 2): List courses that may be taken as electives in the minor. Indicate any new courses to be added specifically for the minor.
Prefix, Number, Course Title New* Hours
BADM 458 International Business Law No 3
ECON 410 Economic Growth and Development No 3
BADM/ECON490 Seminar with approved international content No 3
BADM/ECON492 Topics with approved international content No 3
No more than three credits total from the following three categories:
BADM/ECON 488 International Business and Economics Study Tour No *
ACCT/BADM/ECON 494 Internship with approved international content No *
BADM/HSAD 496 Practicum with approved international content No *
* Credit hours may vary. Not more than three may be applied to the minor.
7. What outcomes will be expected for all students who complete the minor? How will these outcomes be achieved?
The proposed international minor introduces students to a framework for business decision making in an international context. The minor allows for recognition of experiential content included in international learning situations. In addition, the minor allows students an in-depth exploration of more specific areas of international concepts tailored to their personal interests and career goals. The learning outcomes will vary depending on the focus of the students program. A listing of outcome follows. Pedagogical methods include assessment components such as examinations, quizzes, graded homework, group projects, research projects, papers and/or presentations. It is expected that all students completing the minor will have a
fundamental understanding of international business concepts as demonstrated by their achievement in the individual course work and the grade standards of the Beacom School of Business.
Knowledge
• Introductory understanding of a foreign language
• Understand complexities of global marketing decision making • Understand role of international trade in the world economy
• Understand the capital acquisition opportunities in foreign markets
• Understand the legal implications of doing business in the international arena • Understand cultural differences and similarities in business actions
• Understand the fundamentals of international trade policy Skills
• Development an appreciation for the complexities of global business • Know how to tailor marketing plans to different cultures
• Assess the risk of foreign currency fluctuations on business decision making • Awareness of the opportunities of the global marketplace
• Assess the impact of trade policy on market participants
8. What instructional technologies will be used to teach courses in the minor? This refers to the instructional technologies used to teach the new courses in the minor and NOT the technology applications students are expected to learn.
There will be no new courses in the minor.
9. Is the University is requesting authorization to provide the minor to students at an off-campus location or by distance delivery? If yes, explain.
No
10. Costs, Budget & Resources: Explain the amount and source(s) of any one-time and continuing investments in personnel, professional development, release time, instructional technology and software, other O&M, facilities, etc. needed to implement the minor.