Economics is widely thought of as the theory of business. Economics is a social science with a wide range of applications for business and public administration. It includes, but is not limited to, the behavior of the consumer, the pricing and output decisions of the firm, and policy considerations of the government. It provides a general overview for those students intending to go into private or public life and can be particularly helpful in developing critical thinking skills. Career paths for economic majors include for business, financial institutions, government, public service or graduate work in business, economics, or law.
The finance major emphasizes hands-on learning designed to help students understand the financial structure of various organizations and the basis of financial decision-making. Students learn about the ways businesses obtain and allocate monetary resources and how individuals and institutions handle investments.
Concentrations in: Integrative, Human Resources, International and Supply Chain The Bachelors of Science in Management is designed to be a balanced and flexible choice for students who anticipate becoming managers in a variety of enterprises, from large global firms to small family businesses. To be successful, managers must have knowledge and skills in four key business areas: people and organizations, business operations, marketing, and money (finance). Management students are taught to be team builders and problem solvers in order to successfully tackle the challenges that face today’s organizations.
Students who are heading towards a career in business but are unsure of their exact interests and strengths among the business professions should seriously consider the Management Major, especially the very flexible Integrative Concentration.
The Management Major includes Four Concentrations
Students must select one of the four concentrations listed in this section. The Integrative Concentration is the choice for those looking for a general or customized management education. Students may not “double concentrate” within management (i.e. HRM and Supply Chain), since this type of dual interest can be designed into the Integrative Concentration or through the use of business electives. However, students may double major in any management concentration and another business school major such as Finance, Marketing, Economics or Accounting. Students planning to double major should carefully plan their elective courses and may need to take more than the forty-two required courses. Discuss your interests and options with your academic advisor.
The Management Major is supported by Two Centers of Excellence
The Niagara University Family Business Center, established in 2003, is dedicated to serving the needs of family and privately owned businesses in Western New York and Southern Ontario. Monthly programs feature the exchange of knowledge in a variety of management, legal, and business development issues. The Center provides students with opportunities to attend its seminars, network with area business owners, and pursue internships and co-ops. For more information, go to www.niagara.edu/fbc.
Complementing the Supply Chain Concentration is the Niagara University Center for Supply Chain Excellence (NUCSCE), an academic-professional partnership established in the year 2000. The center conducts regular training programs in Supply Chain related topics for the regional business community and provides opportunities for students to interact with professionals in the this professional field. For more information, go to www.niagara.edu/supplychain.
This management degree concentration is the most popular and flexible. It is designed to ensure that a student has the required breadth of basic business and management knowledge in accounting, economics, marketing, operations management, 163 people management and finance. With this solid integrative foundation the student may then select their final group of courses to self-design a program of study. For example, a student preparing to work in a family business might wish to select the entrepreneurship course, a negotiation course, an additional HRM course, and can also add elective marketing and finance courses.
In addition to providing breadth in business and management knowledge, this concentration focuses on the management of people and structuring of organizations to be effective and rewarding places to work. This course of study employs experiential learning methodology to provide students hands-on experience in solving human resource problems. In order to develop the people skills necessary to be successful in today’s predominantly service economy, courses are designed to be relevant, contemporary, ethical, and practical. The HRM concentration focuses on the core practices of work analysis, strategic planning, recruitment & selection, training & development, performance management, compensation, employee relations, and legal compliance within a competitive global environment.