The Environment

GB611 Global Economic Analysis (3.00 cr.)

Prerequisite: GB500 or equivalent. Provides a basic understanding of the concepts of economic reasoning and the tools of economic analysis. Economics pervades our everyday life, with personal decisions being made daily based upon economic logic of cost and benefit. Any time a choice is necessary, it implies that there are alternatives which cannot both be chosen. Thus, economics is the "science" of scarcity.

GB612 The Legal and Regulatory Environment (2.00 cr.)

Examines the legal and regulatory controls that define, promote, and limit business activities. A wide range of legal topics are covered, including sources of law; legal process and dispute resolution; agency; corporations; corporate governance; securities law; business torts; product liability; equal employment opportunity; and the global implications for each of these areas of law. Intellectual property, environmental protection, and antitrust law may also be covered.

GB617 Globalization and International Business (2.00 cr.)

Develops a conceptual and practical understanding of the global context and conduct of business. The forces of globalization and its impact on the firm, the environment, the domestic economy, culture, and emerging markets are examined. The theory and practice of international trade, investment, financial flows, and technology and its impact on cross-border transactions and international business are addressed. Lectures, case studies, and group projects are included.

Business Fundamentals

GB613 Financial Reporting and Analysis (2.00 cr.)

Focuses on the analysis and interpretation of financial statements with primary emphasis on the measurement of results of operations and financial position of business organizations. Students learn the guiding principles in how to prepare and present accurate financial statements. Topics include the accounting environment and accounting principles as they relate to the reporting and analysis of financial operations, cash flows, financial resources, financial obligations, and owners' equity.

GB616 Marketing Management (2.00 cr.)

Students acquire an understanding of marketing’s role in helping an organization accomplish its mission. Students learn the elements of the marketing mix and recognize how these elements can be integrated to achieve organizational objectives. Topics include customer behavior, marketing research, market segmentation, and the marketing mix (product, promotion, price, and place).

GB620 Fundamentals of Finance (2.00 cr.)

Prerequisite: GB611, GB613. Introduces students to the finance function within a corporation. Students are provided with an understanding of the basic tools of financial management including time value of money, capital budgeting, security valuation, cash flow, risk and return, and the cost of capital.

Analytical Tools for Decision Making

GB600 Statistical Applications in Business (3.00 cr.)

Prerequisite: GB500 or equivalent. Introduces students to a systematic approach to problem solving through the application of quantitative models and statistical methods for decision making. The intent is to create a synthesis in which students gain an appreciation for applications of formal models and statistics in a variety of decision-making environments. Excel and cases are used. Intermediate Excel skills required.

GB615 Managerial Accounting: Analysis for Decision Making  (2.00 cr.)

Prerequisite: GB603 or GB613. Focuses on the use of accounting information by management in making strategic management decisions. Topics include costing systems; cost-volume-profit analysis; budgeting and control systems; relevant cost and decision making; performance evaluation; and strategic cost management. The practical application of managerial accounting techniques in planning and control activities is emphasized.

GB622 Operations Management and Decision Making (2.00 cr.)

Prerequisite: GB600. An integrative approach to problem solving and decision making in the context of the operations function of the enterprise. The problems and issues confronting operations managers are explored, as well as the concepts and analytical techniques used to deal with these issues in order to gain competitive advantage through operations. This course employs general and special applications software and focuses on developing creative and analytical skills for decision making.

Maryland CPA

GB619 Financial Accounting Model (1.00 cr.)

Prerequisite: GB613. Provide students with the fundamental financial accounting concepts encompassing recording cycles and incorporating the preparation of financial accounting statements. Designed for MBA students who have taken GB613 and chosen the accounting concentration. Complements GB613 and prepares students for GB661.

GB661 Financial Accounting Problems I (3.00 cr.) (for GB615)

Prerequisite: GB603, or GB613 and GB619. Focuses on the interpretation and preparation of financial statements. Topics include detailed review of accounting cycle; the measurement and reporting problems of various assets, liability, and equity accounts; revenues and expense; and interpretation and preparation of financial statements. Students learn to prepare, understand, and interpret financial statements. Reference made to pronouncements of the AICPA, FASB, SEC, and other authoritative sources.

GB774 Business Law: Commercial Transactions (3.00 cr.)

Prerequisite: All foundation courses. Considers the legal environment of business, including the principal characteristics of the American legal system, the concepts and principles used to determine individual and corporate accountability, and the regulatory system within which businesses operate. Treats aspects of the commercial transaction including contract law, the commercial code (UCC: sale of goods, negotiable instruments, secured transactions, bank collections and deposits), surety, and bankruptcy law. Recommended for students who wish to sit for the CPA exam and should be taken in lieu of GB612.

Individual and Corporate Leadership

GB700  Ethics and Social Responsibility (3.00 cr.)

Prerequisite: All foundation courses or written permission of the graduate programs advisor. This course has two primary objectives: to provide a practical, action-oriented approach to business ethics that helps individuals who work in corporations and organizations decide what to do when they are faced with an ethical dilemma, and to explore modern corporate social responsibility--an approach to management that guides organizations beyond creating an ethical environment in the workplace. While pursuing these objectives, students study alternative perspectives on a wide range of contemporary business issues through readings and case studies. Ultimately, students see the extent to which ethics and moral and social responsibilities are intertwined.

GB705 Leadership and Management (3.00 cr.)

Prerequisite: All foundation courses. This course prepares students to be leaders in a competitive, global, diverse economy, adding value through managing the work of people in organizations. The human side of enterprise is addressed using readings, lectures, cases, team exercises, videos, written assignments, and discussion applying leadership and management skills to practical decisions. Topics include the elements of management, the concepts and process of leadership, and the transformation of people and organizations.

Internal Business Processes

GB701 Risk Assessment and Process Strategies (3.00 cr.)

Prerequisite: All foundation courses. Provides a framework that links business processes, metrics, best practices, and technologies to improve the utilization of an enterprise's resources and add value for the ultimate customer of the firm. Students investigate approaches that integrate risk and process management strategies to improve quality and productivity in the context of unforeseen events and unpredictable environments. Enterprise decisions on quality management, supply chain management, process capacity and capability, and product development for both goods and services are evaluated in a global environment of opportunities and adverse risks. Topics are delivered in a case analysis pedagogy. They include value stream mapping, process and risk modeling, and data driven decisions.

GB704 Information and Technology as Strategic Partners (3.00 cr.)

Prerequisite: All foundation courses. Provides a strategic management approach to developing and sustaining competitive advantage using information and information technology in the enterprise. Major topics include alignment of management organization and technology; business value; emerging technologies such as social media; customer relationship management (CRM); knowledge management; cyber security; business intelligence and analytics; and societal, ethical, and legal issues. Students gain a strong information technology knowledge set and an appreciation for information technology as process enablers, change agents, and strategic facilitators.

Value Creation in a Global Environment

GB702 Marketing Strategy (3.00 cr.)

Prerequisite: All foundation courses. Explores marketing's role in creating value for the firm and its stakeholders, as well as how to design and implement the best combination of marketing efforts to carry out a firm's strategy in its target markets. Using analytical tools for decision making, students evaluate, formulate, and implement marketing strategy across the product life cycle and for various levels of competitive intensity. Topics include the fundamentals of strategy; marketing’s interrelationship with corporate, business level, and other functional strategies; target marketing and brand management; innovation and new product development; and market strategies in growth, mature, and declining industries.

GB703 Financial Applications and Strategy (3.00 cr.)

Prerequisite: All foundation courses. Introduces students to financial theories and applications within the corporate context. The course is intended to develop financial analysis skills; provide a strategic orientation toward problem solving; introduce students to the types of decisions faced by financial managers; and provide an understanding of valuation and the linkage between managerial decisions and firm value.

GB709 Business Strategy (3.00 cr.)

Prerequisite: GB700, GB701, GB702, GB703, GB704, GB705. This capstone to the MBA program focuses on getting students to think like general managers and CEOs and exposes them to a variety of perspectives on, approaches to, and tools for the conduct of strategic management. Students gain an understanding of comparative business history in order to provide evolutionary perspective on business developments. They learn to identify key stakeholders and trends in the economic, sociopolitical, and technological environments; analyze how firms create and sustain value; formulate strategies; and appreciate the complexities of strategy implementation. Typically taken in last semester. Must be taken within last six credits of program.

GB710 Capstone Workshop: Reflection - Putting Values into Action (0.00 cr.)

Corequisite: GB709. This workshop provides closure to a student's Loyola MBA program experience. Reflection is an integral part of the course as students work individually and in groups sharing their previously-formulated, integrated set of lessons learned developed across the whole program as well as those concerning personal growth and development. Using this knowledge and ensuing discussion as a foundation, students reflect on their values and their ability to be ethical, component, and reflective leaders in a changing and diverse world. Students also have the opportunity to develop their personal vision for the future. Satisfactory/Unsatisfactory

Customized Learning

Consisting of electives (4 courses/12 credits) from the program's various elective/concentration options. One of the four courses must be a designated global elective.