Master of Business Administration (MBA) (with a concentration in Entrepreneurship and Small Business Management)

Overview

The online Master of Business Administration Program (with a concentration in Entrepreneurship and Small Business Management) is an independent study graduate degree program. This MBA Program has been found to be of particular interest to individuals interested in starting or purchasing a small business as well as individuals providing consulting services to entrepreneurial enterprises.

The Program will not be of material benefit to individuals seeking a career objective of employment in a large national or multi-national company.

The objectives of the Program are:

1. To develop the business skills necessary to start or consult to a small business venture.
2. To offer a program of coursework and practical exercises in business financing, management and sound operational practices that will improve the likelihood of business venture success for its students;
3. To explore the intricacies of effective management and marketing of businesses of varying size and structure.
4. To allow for a number of electives, focused on various entrepreneurial and business issues and procedures.
5. To employ faculty who are accomplished in their respective fields from both an academic and practical perspective.

Successful graduates of the Program will demonstrate:

  • Application of knowledge in the legal, theoretical, ethical and practical aspects of starting and operating a business.
  • The ability to evaluate common start-up business and related legal issues and make appropriate decisions and recommendations based on sound reasoning and analysis.
  • Appreciation for making socially responsible and environmentally sustainable choices when designing and implementing business strategy.
  • How to author a properly formatted and presented Business Plan or Capstone project that represents substantive original work that ties together the learning objectives of the coursework.

The University acts to fulfill the purposes of the MBA Program through appropriate coursework, coupled with continuing direction, evaluation of student progress, and regular assessment of student learning outcomes, supervised and administered by qualified faculty.

The online MBA Program is presented on a Semester basis. Students are generally enrolled in 12 units per Semester. Each Semester consists of a minimum time period of 16 weeks from the date study commences. Students not completing all Semester coursework in the 16-week period will be granted an automatic 2 month extension of time to complete the Semester. Students may take a leave-of-absence between Semesters however, except in special circumstances, the entire degree program (3 Semesters) must be completed within 5 years.

Presentation

The University’s Directed Independent Study modality recognizes that education is an individual process where individuals with different learning needs and study schedules can be accommodated. It emphasizes learning that is meaningful, where individuals enjoy the learning process, and acquire knowledge to better understand and manage their own careers.

The Program’s faculty members recognize individual learning styles and needs, and emphasize the relevance of the material to the individual’s situation.

Each course in the MBA program contains a series of lesson assignments generally consisting of reading requirements and research projects. Students are evaluated through examinations and/or research assignments which are submitted for faculty evaluation. Students conclude the Program with the preparation of a comprehensive business plan or capstone project.

All assignments are submitted electronically. As set forth in the University’s General Catalog, Internet access and minimum computer requirements and skills are required as a condition of admittance.

Curriculum

To earn the Master of Business Administration (with a concentration in Entrepreneurship and Small Business Management) degree, a student must complete the courses outlined below with a cumulative grade point average of at least 3.00. The requirements may be completed in as little as twelve months, and must be completed within five years from the date of initial enrollment.

First Semester
(12 units)

BUS511

Entrepreneurship

4 units

MGT511

Managerial Perspectives

4 units

MKT511

Marketing Management

4 units

Second Semester
(12 units)

FIN502

Financing the Business Venture

4 units

ACC513

Managerial Accounting**

4 units

BUS602

Business Research

4 units

Third Semester Elective Course Options
(12 units)

Choose two courses from the following:

BLW513

The Legal and Regulatory Environment of Business

4 units

BUS503

Valuing a Small Business or Professional Practice

4 units

BUS512

Franchising and Licensing

4 units

BUS516

Commercial Leasing

4 units

BUS520

Value Investing

4 units

FIN514

Financial Planning Principles

4 units

FIN515

Money and Capital Markets

4 units

MKT513

Public Relations

4 units

Choose one course from the 2 options below (BUS596 or BUS597):

BUS596

Business Plan

4 units

BUS597

Capstone

4 units

**Accounting graduates or CPA’s may substitute an elective.

Total Semester Units Required for Graduation: 36

Admission Policies and Requirements

Applicants who have earned a Bachelor’s or first professional degree from a college or university accredited by an accrediting agency recognized by the United States Department of Education may apply to the Program. The majority of applicants to this Program are mature adults working in a variety of professional settings. Many have not attended college for several years. Consequently, prior class rank and grade point average are not significant factors in the admission process.

An applicant may be conditionally admitted into the Program based on a completed Application for Admission, receipt of the $75.00 Application Fee, and student copies of transcripts reflecting the applicant’s highest relevant degree. It is not necessary to submit official transcripts at the time of application. (However, official transcripts must be received by the University within 60 days of enrollment. The University provides students with a form which may be used for this purpose.)

Should additional information be required the applicant will be contacted.

All payments must be payable in U.S. dollars. Payments may be made by MasterCard®,Visa®, American Express®, or Discover®.

Foreign Applicants and Applicants with International Credentials

It may be necessary for applicants who have attended colleges or universities outside of the United States to obtain an evaluation of their education from a credential evaluation service approved by the University. Upon request, the Admissions Office will provide a list of approved evaluators. In addition, applicants whose native language is not English and who have not earned a degree from an appropriately accredited institution where English is the principal language of instruction must receive a minimum score of 530 on the paper-based Test of English as a Foreign Language (TOEFL), or 71 on the iBT, or its equivalent.

For more information on TOEFL visit the website: www.ets.org/toefl

Transfer Credit and Portfolio Credit

The acceptance of transfer credits between academic institutions lies within the discretion of the receiving college or university. Credits earned at William Howard Taft University may or may not be accepted by another institution depending upon its own programs, policies, and regulations.

The University is committed to providing students the greatest opportunity to apply previously earned credit toward their chosen degree program. Subject to the limitations of state and accreditation regulations and academic comparability, students may apply to have credit awarded through completion of:

  • Transfer Credit: Transfer credit toward a degree may be awarded for postsecondary courses completed by the student at other institutions if such courses are found to meet the standards and learning objectives of the specific course for which credit is sought. Transfer credit must be from an appropriately accredited institution.
  • Portfolio Credit: Academic credit may be given for adequately documented and validated experiential equivalent learning of a postsecondary nature. Examples include credit for learning acquired through achievement of select certifications, college level equivalent tests, or other postsecondary level equivalent experience. Students with prior military experience may also apply to have military coursework evaluated for possible equivalent college credit.

MBA students may apply to transfer up to a total of 18 units of Transfer Credit (or a combination of transfer credit and portfolio credit). A maximum of 9 units may be awarded for adequately documented and validated portfolio credit.

Notwithstanding the above, the awarding of transfer credit or portfolio credit is considered on a case-by-case basis and awarded at the sole discretion of the University.

Financial Information

The tuition for the Program is $225.00 per unit. Tuition rates are “locked” for two years at the time of matriculation. An enrolled student will be protected from future tuition increases during this period of time.

Current information on financial aid is set forth on the University’s website. Enrollment in the Program will generally qualify students for payment deferrals on existing federally insured student loans. Applicants seeking deferrals on existing student loans should check with their lenders prior to enrollment. Additional information on financial aid and tuition financing can be found under Tuition, Financial Aid and Financing.

The cost of books and materials, other than each course syllabus, is not included in the tuition. Most books and materials may be purchased at local colleges, retail bookstores, directly from publishers or over the Internet. The cost is estimated to average approximately $125.00 per course.

FEE SCHEDULE

Application Fee

$75

Transfer Credit Evaluation Fee

$55

Portfolio Credit Evaluation Fee

$100

Registration Fee (Per Semester)

$50

Graduation Check/Diploma Fee

$75

Computer Library Fee (Per Semester)

$45

Administrative Accounting Fee (Per Semester)
(Installment Payment Option Only)

$25

Transcript Fee (Two Provided at No Cost)

$10

Late Payment Fee 
(Returned Check/Declined Credit Card/ACH) (Per Item)

$25

How to Enroll

If the applicant is accepted for admission to the Program, a formal enrollment agreement will be prepared and sent to the applicant for review and signature. Students may elect to begin the Program on the 15th of any month. All payments submitted for tuition and fees must be payable in U.S. dollars. Payments may be made by MasterCard® / Visa® / American Express® or Discover®.

Applicants are encouraged to call the Admissions Office if there are any questions regarding enrollment procedures.

Course Descriptions

  • ACC513 - Managerial Accounting (4 Units)
  • BLW513 - The Legal and Regulatory Environment of Business (4 Units)
  • BUS503 - Valuing a Small Business or Professional Practice (4 Units)
  • BUS511 - Entrepreneurship (4 Units)
  • BUS512 - Franchising and Licensing (4 Units)
  • BUS516 - Commercial Leasing (4 Units)
  • BUS520 - Value Investing (4 Units)
  • BUS596 - Business Plan (4 Units)
  • BUS597 - Capstone (4 Units)
  • BUS602 - Business Research (4 Units)
  • FIN502 - Financing the Business Venture (4 Units)
  • FIN514 - Financial Planning Principles (4 Units)
  • FIN515 - Money and Capital Markets (4 Units)
  • MGT511 - Managerial Perspectives (4 Units)
  • MKT511 - Marketing Management (4 Units)
  • MKT513 - Public Relations (4 Units)

ACC513 - Managerial Accounting (4 Units)

This course offers a balanced coverage of concepts, methods, and uses of managerial accounting with a strong emphasis on management issues. The principal course objective is to help the MBA student focus on concepts and managerial uses of accounting information, rather than the techniques of cost accounting.
Prerequisites: First Semester courses.

BLW513 - The Legal and Regulatory Environment of Business (4 Units)

This course highlights the legal and regulatory environment in which people and companies conduct business activities. It emphasizes public rather than private law.
Prerequisites: Second Semester courses.

BUS503 - Valuing a Small Business or Professional Practice (4 Units)

This course explores the most commonly accepted valuation methods for closely-held businesses and professional practices. It also covers defining value for different purposes, the impact on value of cash versus financing options, as well as how to work with professional business appraisers and business brokers.
Prerequisites: Second Semester courses.

BUS511 - Entrepreneurship (4 Units)

This course presents an overview of all aspects of entrepreneurship including developing a viable concept, organizing the enterprise, market and financial planning, and controlling the organization with a special emphasis on concepts of goal setting, motivation and the psychology of achievement.
Prerequisites: None.

BUS512 - Franchising and Licensing (4 Units)

This course explores concepts of franchising, benefits and problems from both a franchisor and franchisee perspective, as well as legal requirements. Students research actual franchise opportunities.
Prerequisites: Second Semester courses.

BUS516 - Commercial Leasing (4 Units)

Often the largest financial commitment of the small or developmental stage business, this course covers lease negotiations, the lease document, and tenant improvements for both office and retail leases.
Prerequisites: Second Semester courses.

BUS520 - Value Investing (4 Units)

Good capital allocation skills are demonstrated through careful planning and execution, and are increasingly vital ingredients for business success. This course presents concepts, skills, information, attitudes and alternatives that are relevant for those who must wisely allocate capital & other finite resources to achieve business objectives. Students are presented with the art and science of value-based investing techniques and capital allocation strategies that have application for entrepreneurs, managers and financial professionals within organizations of any size.
Prerequisites: Second Semester courses.

BUS596 - Business Plan (4 Units)

In this course students develop and present a comprehensive business plan for a real or fictitious business that includes the traditional major topics including the executive summary, market and industry analysis, financing, marketing, management, and staffing.
Prerequisites: All Core and Elective courses.

BUS597 - Capstone (4 Units)

The capstone course allows students to apply the knowledge gained throughout the program to a work-related project. Students work with a faculty member to select an appropriate project and outline the course scope and deliverables. It is expected that the completed project will deliver some business process improvement or other benefit to the student’s work environment if possible.
Prerequisites: All Core and Elective courses.

BUS602 - Business Research (4 Units)

A fundamental key to successful management is information. Knowing what information is needed, when it is needed, how to collect it, and how to interpret it can be the critical process to success. More than basic decision making research; managers should be able demonstrate the capacity to add unique knowledge to the national body of knowledge of business. This course will focus on practical theory and processes that managers can use to assist in the decision making matrix. It will also provide the foundation for developing the practical projects of each course and the program. The process will include analyzing the information, evaluating the results, and developing a strategy that leadership can implement.
Prerequisites: First Semester courses.

FIN502 - Financing the Business Venture (4 Units)

This course focuses on setting out the basic principles of financial management and applying them to the decisions faced by the financial managers. It shows how managers value investments that may pay off at different points in time or have different degrees of risk. The course also explores financing alternatives available to the small or developmental stage enterprise.
Prerequisites: First Semester courses.

FIN514 - Financial Planning Principles (4 Units)

This course is intended to provide an in-depth understanding of the basic principles underlying financial planning. Theoretical concepts needed to understand and practice financial planning are discussed in detail. The understanding of the theoretical principles is then strengthened through real world examples.
Prerequisites: Second Semester courses.

FIN515 - Money and Capital Markets (4 Units)

The principal objective of this course is to give students a clearer picture of how the money and capital markets, which now completely circle the globe, function to provide the many services and fulfill the many roles they are expected to perform in today’s world.
Prerequisites: Second Semester courses.

MGT511 - Managerial Perspectives (4 Units)

This course focuses on managerial careers, development of critical executive and managerial abilities, and the dynamics of organizational environment and systems as they impact managerial progression and work.
Prerequisites: None.

MKT511 - Marketing Management (4 Units)

This course focuses on formulating and implementing marketing management strategies and policies. The marketing management process is important at all levels of the organization, regardless of the title applied to the activity. Typically, it is called corporate marketing, strategic marketing, or marketing management. For our purposes they all involve essentially the same process, even though the actors and activities may differ. The course will provide you with a systematic framework for understanding marketing management and strategy.
Prerequisites: None.

MKT513 - Public Relations (4 Units)

This course presents information about public relations practice, a brief summary of its development, and addresses trends that might predict the future.
Prerequisites: Second Semester courses.

News & Events

The Taft University System 2017 Graduation Celebration

Limited-Time Tuition Grants now available to qualified applicants...

Request Information