Business

Business

Business

William G. McGowan School of Business

The William G. McGowan School of Business was established in1 990 and is named in honor of the late William G. McGowan '52, founder and CEO of MCI Communications Corporation. William G. McGowan's vision, energy and achievement distinguished him as a leader in the world of business and in the field of telecommunications. The McGowan School of Business stands as a sign of his commitment to the support of higher education and his love for his Alma Mater.

"Education, and particularly the education we receive at King's College, develops an attitude of confidence in ourselves and in the field of education we pursue, as well as a real appreciation of the school we attend. And, importantly, it provides us with the conviction and the courage to do what we want to do."
William G. McGowan ‘52

PROGRAM DESCRIPTION

Upon a student's successful completion of the program of study in the William G. McGowan School of Business, a Bachelor of Science in Business Administration (B.S.B.A.) degree is awarded. In addition to the Program of study in the School of Business, students select from six undergraduate majors to enhance their professional knowledge in the field of business. The six undergraduate business majors consist of Accounting, Finance, Human Resources Management, International Business, Management and Marketing.

The Vision Statement and the Mission Statement for the School of Business guide the development and enhancements of the Program of study that students undertake upon entry to the School. This continuous improvement is supported by a faculty committed to a student centered educational process and advisory groups and organizations such as the Business Advisory Council, Student Advisory Group, William G. McGowan Forum and Family Business Forum.

As an institution founded in the Holy Cross tradition of service to the underserved, King's College continues to educate students with a wide range of socio-economic, intellectual, and religious backgrounds. Following the Holy Cross tradition, the William G. McGowan School of Business, strives to instill in students the values of: Professionalism; Integrity; Civility; and Service. The students should understand how diverse subject matters interrelate; think and communicate clearly about principles, rather than merely repeat them; and understand the context and evolution of their disciplines. The business courses taken are complementary to and an extension of the liberal arts education of King's College. In support of these objectives, the School of Business has established the following learning goals for the students, which built upon the liberal arts tradition of the College:

  • A student graduating from the William G. McGowan School of Business should be an effective communicator.
  • A student graduating from the William G. McGowan School of Business should be ethically and socially responsible.
  • A student graduating from the William G. McGowan School of Business should be professionally knowledgeable.
  • A student graduating from the William G. McGowan School of Business should be a critical thinker.

AACSB International Accreditation

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AACSB International has granted accreditation to King's College for achievement of the highest standard in management education through a commitment to quality and continuous improvement by the William G. McGowan School of Business. AACSB International, The Association to Advance Collegiate Schools of Business, accredits programs of professional education in business at the collegiate level. Its accreditation represents the highest standard of achievement for a business school and confirms their commitment to quality and continuous improvement through self-evaluation and a rigorous and comprehensive peer review. In the self-evaluation process, a school assesses its accomplishments in relation to its mission, objectives and strategic plan, as well as on the criteria in the accreditation standards. The peer review is an independent external analysis by AACSB International of a school's processes for achieving its mission, assessing educational outcomes and planning for continuous improvement.

AACSB International accreditation is the hallmark of excellence in management education. Although many schools today claim to be fully accredited, the fact is that less than 5% of colleges and universities worldwide have achieved accreditation by AACSB International. There is no national or regional accreditation more demanding or prestigious than AACSB International accreditation. As an accredited College, King's College is eligible to have and maintains a chapter of Beta Gamma Sigma, the international honor society serving business programs accredited by AACSB International. Accreditation was initially attained by King's College in April, 2004 and was successfully maintained in April, 2009.

THE WILLIAM G. MCGOWAN SCHOOL OF BUSINESS FOUNDATION COURSES

The William G. McGowan School of Business requires students to complete a common curriculum that it calls the Business Foundation. These courses are required for the Bachelor of Science in Business Administration (B.S.B.A.) degree.

The following courses will be used to fulfill CORE requirements:
CIS 110 Introduction to Computer Applications for Business
CORE 153 Principles of Economics - Macro
MATH 123 Finite Math

The following courses will also be included:
ECON 112 Principles of Economics: Micro
ECON 221 Quantitative Methods for Business and Economics
MSB 110 Introduction to Financial Reporting
MSB 120 Introduction to Management Control and Planning
MSB 200 Principles of Management
MSB 210 Principles of Marketing
MSB 250 Business Communication and Mentoring
MSB 287 Business Ethics
MSB 305 Organizational Behavior
MSB 320 Financial Management
MSB 330 Business Law I
MSB 480 Strategic Management

Students shall not earn credit for more than 15 hours in any designated course, or combination of courses within the William G. McGowan School of Business Foundation Courses and/ or the major courses, in Accounting, Management, Marketing, Finance, Human Resources Management, and International Business without being declared as either a major or minor student of one of those majors, or being granted permission by the Dean of The William G. McGowan School of Business.

Course Descriptions

ECON 112 — Principles of Economics: Micro (3)
Micro economics principles: the theory of price under various market conditions; the economic function of government; elements of international economics.

ECON 221 — Quantitative Methods for Business and Economics (3)
An introduction to statistical and mathematical methods used in business fi elds and economics. Topics include basic statistical concepts, sampling, probability, basic statistical distribution, estimation, hypothesis testing, and introduction to regression analysis.

MSB 110 — Introduction to Financial Reporting (3)
A survey of the financial accounting concepts and procedures used as applied to service and trading business with an emphasis upon the uses and interpretation of financial statements.

MSB 120 — Introduction to Management Control and Planning (3)
An introduction to the role of accounting information in the measurement of business and employee performance, and to facilitating planning decisions such as product and service selection, budgeting, investments, and profit measurement. Prerequisite: MSB 110.

MSB 200 — Principles of Management (3)
The course provides an overview of the history of management thought and of managerial activities and analysis of the process of planning, organizing, leading, controlling, and forces of environments in which businesses operate. Topics include strategic planning, organizational design, human resources management, decision-making, ethics, and social responsibility. Relating topics to the current business environment is emphasized. The case analysis concerned with each of these forces is discussed, with emphasis on problem solving. Prerequisites: CORE 100, CORE 110, CORE 115, and CIS 110.

MSB 210 — Principles of Marketing (3)
An introduction to the field of marketing with particular emphasis on how companies develop marketing programs that are responsive to consumers' needs and wants for products and services. Prerequisite: CIS 110.

MSB 250 — Business Communication and Mentoring (3)
This course will help students to become more effective writers and presenters in the business workplace. The focus of this course is on the essentials of style, organization, and professionalism in the development of fundamental business correspondence, reports, and presentations. An interactive software program will be used to examine and refi ne writing abilities. Students will be required to produce documents and present information which refl ect the appropriate and effective use of technology. Career exploration and mentoring components will be woven throughout the curriculum. Prerequisites: CORE 110 and CORE 115.

MSB 287 — Business Ethics (3)
An examination of the major ethical issues and dilemmas facing contemporary business in the light of the major theories of ethics. The course fi rst addresses several challenges to the very idea of Business Ethics such as relativism, egoism, and the applicability of moral concepts to corporations. It then uses the case method to focus on the justice of capitalism as an economic system, ethics in the marketplace, business and the environment, the ethics of consumer production and marketing, and the ethics of the employee/employer relationship. Prerequisite: CORE 280.

MSB 305 — Organizational Behavior (3)
An introduction to the field of Organizational Behavior. Organizational Behavior is an interdisciplinary field that examines human behavior in organizational settings and concerns the behavioral interactions of individuals, groups, and the organization itself. Prerequisite: MSB 200.

MSB 320 — Financial Management (3)
The course introduces basic principles in finance such as cash fl ow, the time value of money, valuation of the fi rm and financial assets, and capital budgeting. Prerequisites: MSB 110, MSB 120, and ECON 221.

MSB 330 — Business Law I (3)
A study of the nature of law, legal reasoning, and procedures, relating to the court systems, government regulation, administrative agencies, and the private judicial systems of arbitration and mediation. Topics include crimes and torts, including economic and business related aspects of each. Special emphasis is placed on contract law, including the formation, breach of contract, and legal remedies. Selected actual cases illustrate practical problems.

MSB 480 — Strategic Management (3)
This capstone course uses strategic planning as a means of confirming and integrating participants' comprehensive business competencies. Conceptual knowledge acquired from business foundation courses is applied to the realities of the global management environment. The goal of this course is to provide an opportunity for students to synthesize concepts, identify problems, analyze and evaluate alternative solutions, and to formulate socially responsible actions. Prerequisites: Completion of Business Foundation Courses and senior status.

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