Electives in Management & Organization. Strategy Consulting.
Strategy Consulting Strategy Consultants provide a wide range of services to business. They identify managerial, institutional/system, industry, and global problems/challenges, perform in-depth quantitative and qualitative analyses, recommend and develop solutions, and assist in implementation. Time-constrained senior managers often rely on consultants to bring unbiased outside perspectives to problem solving. Recent economic developments and corporate trends have increased the number of consulting firms, and the rapid expansion of the Internet and the emergence of new technologies has added to the groundswell. Also, many companies are choosing to outsource activities previously performed internally. This trend, combined with corporate downsizing, has caused many former executives and recent B-school grads to join the ranks of consulting firms.
Strategy Consulting Learn how to win the game… or how to create a new game. • Most important electives: • BUMO 758K – Management Consulting • BUMO 758Q – Industry Analysis • BUMO 758R - Competitor Analysis • BUMO 758W – Implementing Strategy: Organizing to Compete • Plus at least 2 of the following: • BUSI 674 – Globalizing the Enterprise • BUMO 758X – Understanding Organizational Change • BUMO 758M – Managing Organizational Change • BUSI 661 – Creativity for Business Leaders and Entrepreneurs • BUMO 725 – Networks & Influence • BUMO 758O – Competitive and Collaborative Negotiations • BUMO 758P – Advanced Negotiation Challenges • BUMO 758I – Strategic Growth for Emerging Companies
Human Capital Management Consulting HCM Consultants have responsibility and leadership in a wide range of business, government, and non-profit and civic organizations. Effective leaders and managers are necessary for the success of any organization. Activities that are critical to business include, but are not limited to leading, empowering, and influencing employees and co-workers toward common goals; recruiting, hiring, engaging, motivating, developing, coaching, and retaining organizational talent; managing and leading teams through effectively building diverse teams, promoting effective decision making, and successfully managing conflict; measuring, appraising, rewarding, and improving performance; and facilitating effective organizational change and development and work-life balance as needed to ensure firm viability and success.
HCM Consulting – Elective Courses Build insight. Lead, influence, and drive change. • Most important electives: • BUMO 758K – Management Consulting • BUMO 758X – Understanding Organizational Change • BUMO 758M – Managing Organizational Change • Plus at least 2-3 of the following: • BUMO 712 – Leadership Development • BUMO 725 – Networks & Influence • BUMO 758O – Competitive and Collaborative Negotiations • BUMO 758P – Advanced Negotiation Challenges • BUSI 661 – Creativity for Business Leaders and Entrepreneurs You can learn more about our faculty and access course syllabi by visiting our M&O website: http://www.rhsmith.umd.edu/management/
Entrepreneurship – Venture Capital An entrepreneur is a person who exploits a perceived opportunity by means of establishing an organization. The entrepreneur is key to founding or leading of a new or young organization and whose business model involves some element of novelty. While their organizations do include traditional for-profits startups, entrepreneurial ventures also include social ventures and non-profits. Beyond the traditional challenges inherent in leading any organization, entrepreneurs face additional challenges in developing a viable strategy, establishing their ventures credibility, attracting key resources (employees, customers, and partners), and structuring the market (or sector) they participate in. Venture capitalists specialize in making investments in ventures and then mentoring those ventures in their growth and development. As investments are often made in very young ventures with minimal financial histories, the success of venture capital firms depends on their ability to accurately assess market opportunities, the analysis of venture strategies, and the assembling and mentoring of executive teams to lead ventures. Accordingly, venture capitalists require strong foundations in strategy, leadership and human capital, and finance.
Entrepreneurship - Venture Capital Unleash your entrepreneurial spirit. • Most important elective (strongly recommended to take it first): • BUSI 660 – Entrepreneurship and New Ventures • Then take: • BUSI 771 – New Venture Financing • BUMO 758I – Strategic Growth for Emerging Companies • Plus at least 3 of the following: • BUMO 758T – Technology Commercialization • BUMO758 – Emerging Business Formation • BUSI 661 – Creativity for Business Leaders and Entrepreneurs • BUMO 730 – Corporate Venturing • BUMO 758 – International Entrepreneurship • BUMO 758 – Social Entrepreneurship • BUMO 758F – Topics: Entrepreneurial Issues in Family & Closely-Held Businesses • BUMO 725 – Networks & Influence • BUMO 758O – Competitive and Collaborative Negotiations • BUMO 758P – Advanced Negotiation Challenges