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The internal and external environment of firms is changing in dramatic ways. The management challenges are exciting and endless. Globalization is a reality, technological change is sweeping over all sectors of the world economy, industries are consolidating, new industries are forming, organizational learning is imperative, a great deal of business development is occurring through alliances and acquisitions, workforce diversity is increasing, teams are critical to organizational success, and with the assistance of technology and movement toward a global workforce, the very nature of work in firms is changing. All of these challenges require strong management skills to navigate the changing competitive landscape and chart new ways to continually add value. Management is an exciting field; and one where a great deal of new knowledge is continually developed. The faculty in the Department of Strategic Management and Entrepreneurship are actively involved in the discovery of knowledge in this field, and will share it with you through the courses offered in this emphasis.
An emphasis in management is an ideal choice for students who wish to launch their careers in consulting, general management, new business development or simply catapult their career to the next level. For students who seek to enter management careers through a functional path such as marketing, finance, operations, information technology or human resources, management is an excellent dual concentration.
The following is a partial list of placements of students with an emphasis in management.
Deloitte Consulting |
Best Buy |
Boston Scientific |
McKinsey & Associates |
3M |
Johnson & Johnson |
Kurt Salmon & Associates |
Target |
Medtronic |
Cummins |
Cargill |
United Health Group |
Thrivent Financial |
Ecolab |
Thomson Reuters |
Recommendations for an emphasis
It is recommended that 12 elective credits be completed for an emphasis in management.
The following courses are recommended.
| MGMT 5019 |
Business, Natural Environment, and Global Economy (2 credits) |
| MGMT 6004 | Negotiation Strategies (2 credits) |
| MGMT 6031 | Industry Analysis and Competitive Strategy (4 credits) |
| MGMT 6032 | Strategic Alliances (2 credits) |
| MGMT 6033 | Managing the Strategy Process (2 credits) |
| MGMT 6034 | Strategic Leadership (2 credits) |
| MGMT 6035 | Complex and Cross-Cultural Negotiations (2 credits) |
| MGMT 6040 | International Strategy and Organization (2 credits) |
| MGMT 6050 | Management of Innovation and Change (2 credits) |
| MGMT 6051 | Management of Innovation and Change (part 2 of 6050, 2 credits) |
| MGMT 6084 | Management of Groups (2 credits) |
| MGMT 6085 | Corporate Strategy (4 credits) |
| MGMT 6305 | The International Environment of Business (4 credits) |
| MGMT 6402 | Integrative Leadership: From Theory to Practice (3 credits) |
| ENTR 6020 | Business Formation (4 credits) |
| ENTR 6021 | Preparing and Implementing the Business Plan (2 credits) |
| ENTR 6023 | Financing Business Ventures (4 credits) |
| ENTR 6036 | Managing the Growing Business (2 credits) |
| ENTR 6037 | Corporate Venturing (2 credits) |
| ENTR 6090 | Topics in Entrepreneurship |
Course Notes:
Recommendations for an emphasis specialization
For individuals interested is specializing in specific
areas of management we have outlined the following tracks and course
work. While the courses listed below align most closely with each
specialization, they all serve to provide a more complete picture of the
larger field of management.
Entrepreneurship Management
Students interested in developing their skills to
identify and develop new business opportunities, or working in
high-growth/high-potential ventures or areas that service these ventures
(i.e., venture capital, investment banking, consulting, corporate
venturing), may want to consider the following courses:
| MGMT 6004 |
Negotiation Strategies (2 credits) |
| MGMT 6031 | Industry Analysis and Competitive Strategy (4 credits) |
| MGMT 6033 | Managing the Strategy Process (2 credits) |
| MGMT 6034 | Strategic Leadership (2 credits) |
| MGMT 6050 | Management of Innovation and Change (2 credits) |
| MGMT 6051 | Managing Innovation and Change (part two of 6050; credits) |
| MGMT 6070 | Strategies for E-Business |
| MGMT 6084 | Management of Groups (2 credits) |
| MGMT 6085 | Corporate Strategy (4 credits) |
| MGMT 6402 | Integrative Leadership: From Theory to Practice (3 credits) |
| ENTR 6020 | Business Formation (4 credits) |
| ENTR 6021 | Preparing and Implementing the Business Plan (2 credits) |
| ENTR 6023 | Financing Business Ventures (4 credits) |
| ENTR 6036 | Managing the Growing Business (2 credits) |
| ENTR 6037 | Corporate Venturing (2 credits) |
| ENTR 6090 | Topics in Entrepreneurship |
Organization Management
Students interested in developing their leadership
capabilities to manage teams, manage innovation and change, and manage a
diverse and global workforce may want to consider the following
courses:
| MGMT 6004 |
Negotiation Strategies (2 credits) |
| MGMT 6032 | Strategic Alliances (2 credits) |
| MGMT 6033 | Managing the Strategy Process (2 credits) |
| MGMT 6034 | Strategic Leadership (2 credits) |
| MGMT 6035 | Complex and Cross-Cultural Negotiations (2 credits) |
| MGMT 6040 | International Strategy and Organization (2 credits) |
| MGMT 6050 | Management of Innovation and Change (2 credits) |
| MGMT 6051 | Managing Innovation and Change (part two of 6050; 2 credits) |
| MGMT 6084 | Management of Groups (2 credits) |
| MGMT 6402 | Integrative Leadership: From Theory to Practice (3 credits) |
Strategic Management
Students interested in developing their skills to
analyze the external environment of the firm and develop and implement
strategic initiatives may want to consider the following courses:
| MGMT 5019 |
Business, Natural Environment, and Global Economy (2 credits) |
| MGMT 6004 | Negotiation Strategies (2 credits) |
| MGMT 6031 | Industry Analysis and Competitive Strategy (4 credits) |
| MGMT 6032 | Strategic Alliances (2 credits) |
| MGMT 6033 | Managing the Strategy Process (2 credits) |
| MGMT 6034 | Strategic Leadership (2 credits) |
| MGMT 6035 | Complex and Cross-Cultural Negotiations (2 credits) |
| MGMT 6040 | International Strategy and Organization (2 credits) |
| MGMT 6050 | Management of Innovation and Change (2credits) |
| MGMT 6051 | Managing Innovation and Change (part two of 6050; 2 credits) |
| MGMT 6084 | Management of Groups (2 credits) |
| MGMT 6085 | Corporate Strategy (4 credits) |
| MGMT 6305 | The International Environment of Business (4 credits) |
| MGMT 6402 | Integrative Leadership: From Theory to Practice (3 credits) |
Additionally, we recommend that students also consider incorporating interdisciplinary courses to obtain a well-rounded business foundation. The following courses are suggested as complementary to an emphasis in management. While they are not counted towards the emphasis credit we do believe they will be strong useful complements to your education.
| ACCT 6100 |
Corporate Financial Reporting (4 credits) |
| FINA 6241 | Corporate Finance Analysis and Decisions (4 credits) |
| IDSc 6040 | Information Technology Management (2 credits) |
| IDSc 6481 | Managerial Decision Making (2 credits) |
| MKTG 6088 | Strategic Marketing (2 credits) |
| SCO 6065 | Strategic Supply Chain Management (2 credits) |
| MCOM 5500 | Strategic Managerial Communication (4 credits) |
| MCOM 5510 | Persuasive Writing in Business (2 credits) |
| MCOM 5530 | Strategies and Skills for Managerial Presentations (2 credits) |
Students should keep in mind that not all courses listed above are offered every semester. Students should check One Stop and/or the Class Schedule page to verify each semester's course offerings as well as the professors assigned to those courses.
Brief course descriptions and a tentative list of when the course is being offered can be found on the Courses page.
Department Advisor:
Paul Vaaler
Associate Professor
612-625-4951
vaal0001@umn.edu
MBA Student Affairs Advisor:
Christina Holdvogt
Associate Director of Student Affairs
612-625-7582
choldvog@umn.edu
MBA Admissions Advisor:
Peter Woxland
Associate Director of Admissions & Recruiting
612-626-0727
woxla005@umn.edu