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A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management". Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others. There are several forms of business schools, including a school of business, business administration, and management.
Kaplan classifies business schools along four Corners:
Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more. Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:
In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The leading institution in this method is the Tepper School of Business at Carnegie Mellon University. The goal is to provide students a set of tools that will prepare them to tackle and solve problems. In addition to teaching students, many business schools run Executive Education programs. These may be either open programs or company-specific programs. Executives may also acquire an MBA title in an Executive MBA program within university of business or from top ranked business schools. Many business schools seek close co-operation with business. Missouri is a state in the Midwestern United States.[4] With over six million residents, it is the 18th-most populous state of the Union. The largest urban areas are St. Louis, Kansas City, Springfield, and Columbia; the capital is Jefferson City. The state is the 21st-most extensive in area. In the South are the Ozarks, a forested highland, providing timber, minerals, and recreation. The Missouri River, after which the state is named, flows through the center of the state into the Mississippi River, which makes up Missouri's eastern border.
Humans have inhabited the land now known as Missouri for at least 12,000 years. The Mississippian culture built cities and mounds, before declining in the 14th century. When European explorers arrived in the 17th century they encountered the Osage and Missouria nations. The French established Louisiana, a part of New France, and founded Ste. Genevieve in 1735 and St. Louis in 1764. After a brief period of Spanish rule, the United States acquired the Louisiana Purchase in 1803. Americans from the Upland South, including enslaved African Americans, rushed into the new Missouri Territory. Missouri was admitted as a slave state as part of the Missouri Compromise. Many from Virginia, Kentucky, and Tennessee settled in the Boonslick area of Mid-Missouri. Soon after, heavy German immigration formed the Missouri Rhineland. Missouri played a central role in the westward expansion of the United States, as memorialized by the Gateway Arch. The Pony Express, Oregon Trail, Santa Fe Trail, and California Trail all began in Missouri.[5] As a border state, Missouri's role in the American Civil War was complex and there were many conflicts within. After the war, both Greater St. Louis and the Kansas City metropolitan area became centers of industrialization and business. Today, the state is divided into 114 counties and the independent city of St. Louis. Missouri's culture blends elements from the Midwestern and Southern United States. The musical styles of ragtime, Kansas City jazz, and St. Louis Blues developed in Missouri. The well-known Kansas City-style barbecue, and lesser-known St. Louis-style barbecue, can be found across the state and beyond. Missouri is also a major center of beer brewing; Anheuser-Busch is the largest producer in the world. Missouri wine is produced in the nearby Missouri Rhineland and Ozarks. Missouri's alcohol laws are among the most permissive in the United States. Outside of the state's major cities, popular tourist destinations include the Lake of the Ozarks, Table Rock Lake, and Branson. Well-known Missourians include U.S. President Harry S. Truman, Mark Twain, Walt Disney, Chuck Berry, and Nelly. Some of the largest companies based in the state include Cerner, Express Scripts, Monsanto, Emerson Electric, Edward Jones, H&R Block, Wells Fargo Advisors, and O'Reilly Auto Parts. Missouri has been called the "Mother of the West" and the "Cave State"; however, Missouri's most famous nickname is the "Show Me State."[6] The U.S. Department of Commerce’s Bureau of Economic Analysis estimated Missouri's 2016 gross state product at $299.1 billion, ranking 22nd among U.S. states.[72] Per capita personal income in 2006 was $32,705,[24] ranking 26th in the nation. Major industries include aerospace, transportation equipment, food processing, chemicals, printing/publishing, electrical equipment, light manufacturing, financial services and beer. The agriculture products of the state are beef, soybeans, pork, dairy products, hay, corn, poultry, sorghum, cotton, rice, and eggs. Missouri is ranked 6th in the nation for the production of hogs and 7th for cattle. Missouri is ranked in the top five states in the nation for production of soy beans, and it is ranked fourth in the nation for the production of rice. In 2001, there were 108,000 farms, the second-largest number in any state after Texas. Missouri actively promotes its rapidly growing wine industry. According to the Missouri Partnership, Missouri's agriculture industry contributes $33 billion in GDP to Missouri's economy, and generates $88 billion in sales and more than 378,000 jobs.[73] Missouri has vast quantities of limestone. Other resources mined are lead, coal, and crushed stone. Missouri produces the most lead of all of the states. Most of the lead mines are in the central eastern portion of the state. Missouri also ranks first or near first in the production of lime, a key ingredient in Portland cement. Missouri also has a growing science, agricultural technology and biotechnology field. Monsanto, one of the largest biotech companies in America, is based in St. Louis. Tourism, services and wholesale/retail trade follow manufacturing in importance. Tourism benefits from the many rivers, lakes, caves, parks, etc. throughout the state. In addition to a network of state parks, Missouri is home to the Gateway Arch National Park in St. Louis and the Ozark National Scenic Riverways National Park. A much-visited show cave is Meramec Caverns in Stanton, Missouri. Missouri is the only state in the Union to have two Federal Reserve Banks: one in Kansas City (serving western Missouri, Kansas, Nebraska, Oklahoma, Colorado, northern New Mexico, and Wyoming) and one in St. Louis (serving eastern Missouri, southern Illinois, southern Indiana, western Kentucky, western Tennessee, northern Mississippi, and all of Arkansas).[74] ![]() The Federal Reserve Bank of Kansas City services the western portion of Missouri, as well as all of Kansas, Oklahoma, Nebraska, Wyoming, Colorado, and northern New Mexico
The state's seasonally adjusted unemployment rate in April 2017 was 3.9 percent.[75] In 2017, Missouri became a right-to-work state,[76] but in August 2018, Missouri voters rejected a right-to-work law with 67% to 33%.[77][78][79] The University of Missouri System is Missouri's statewide public university system. The flagship institution and largest university in the state is the University of Missouri in Columbia. The others in the system are University of Missouri–Kansas City, University of Missouri–St. Louis, and Missouri University of Science and Technology in Rolla. During the late nineteenth and early twentieth century the state established a series of normal schools in each region of the state, originally named after the geographic districts: Northeast Missouri State University (now Truman State University) (1867), Central Missouri State University (now the University of Central Missouri) (1871), Southeast Missouri State University (1873), Southwest Missouri State University (now Missouri State University) (1905), Northwest Missouri State University (1905), Missouri Western State University (1915), Maryville University (1872) and Missouri Southern State University (1937). Lincoln University and Harris–Stowe State University were established in the mid-nineteenth century and are historically black colleges and universities. Among private institutions Washington University in St. Louis and Saint Louis University are two top ranked schools in the US.[116] There are numerous junior colleges, trade schools, church universities and other private universities in the state. A.T. Still University was the first osteopathic medical school in the world. Hannibal–LaGrange University in Hannibal, Missouri, was one of the first colleges west of the Mississippi (founded 1858 in LaGrange, Missouri, and moved to Hannibal in 1928[117]). The state funds a $2000, renewable merit-based scholarship, Bright Flight, given to the top three percent of Missouri high school graduates who attend a university in-state. The 19th century border wars between Missouri and Kansas have continued as a sports rivalry between the University of Missouri and University of Kansas. The rivalry was chiefly expressed through football and basketball games between the two universities, but since Missouri left the Big 12 Conference in 2012, the teams no longer regularly play one another. It was the oldest college rivalry west of the Mississippi River and the second-oldest in the nation. Each year when the universities met to play, the game was coined the "Border War." An exchange occurred following the game where the winner took a historic Indian War Drum, which had been passed back and forth for decades. Though Missouri and Kansas no longer have an annual game after the University of Missouri moved to the Southeastern Conference, tension still exists between the two schools.
A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management".[1] Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others. There are several forms of business schools, including a school of business, business administration, and management.
Kaplan classifies business schools along four Corners:[2]
Common degrees are as follows.
BCom, BA, BS, BBA (Bachelor of Business Administration), BBus (Bachelor of Business), BSBA, BAcc, BABA, BBS, BMOS and BBusSc (Bachelor of Business Science)
Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more. Business schools often obtain case studies published by the Harvard Business School, INSEAD, London Business School, the Kellogg School of Management at Northwestern University, the Ross School of Business at the University of Michigan, the Richard Ivey School of Business at The University of Western Ontario, the Darden School at the University of Virginia, IESE, other academic institutions, or case clearing houses (such as The Case Centre). Harvard's most popular case studies include Lincoln Electric Co.[44] and Google, Inc.[45] Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:
In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The leading institution in this method is the Tepper School of Business at Carnegie Mellon University. The goal is to provide students a set of tools that will prepare them to tackle and solve problems. Another important approach used in business school is the use of business games that are used in different disciplines such as business, economics, management, etc. Some colleges are blending many of these approaches throughout their degree programs, and even blending the method of delivery for each of these approaches. A study from by Inside Higher Ed and the Babson Survey Research Group[48] shows that there is still disagreement as to the effectiveness of the approaches but the reach and accessibility is proving to be more and more appealing. Liberal arts colleges in the United States like New England College,[49] Wesleyan University,[50] and Bryn Mawr College are now offering complete online degrees in many business curriculae despite the controversy that surrounds the learning method. There are also several business schools which still rely on the lecture method to give students a basic business education. Lectures are generally given from the professor's point of view, and rarely require interaction from the students unless notetaking is required. Lecture as a method of teaching in business schools has been criticized by experts for reducing the incentive and individualism in the learning experience.[51]
Industry DescriptionAdministration DegreesMissouri ListingThe degree in Business/Administration program is designed for the working adult employed in a business or public organization. The major is designed to enable graduates to deal effectively with an increasingly complex business environment. The major stresses skill development in the areas of financial accounting, managerial finance, quantitative analysis, economics, marketing, and business-based research. Business organizations today are seeking professionals with broad-based knowledge of modern business theory and practices and their interrelationships to meet the challenges of operating in a global electronic marketplace. Advanced computer technology is driving employers to look for graduates who can effectively apply technology to business strategy, management and decision-making. You may select from different majors, including
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