AEM 4661 - Business Simulation Capstone for Business Minors in Life Sciences

Fall, Spring. 1.5 credits. Letter grades only (no audit).

Forbidden Overlap: due to an overlap in content, students will receive credit for only one course in the following group: AEM 4660, AEM 4661, AEM 4665.
Prerequisite: AEM 1200 or AEM 2400, AEM 2210 and AEM 2241, or equivalents. Priority given to: students completing the Dyson Business Minor for Life Sciences majors.

R. Karpman.

This course is a business simulation course in which each student works as part of a team to manage a multidisciplinary healthcare clinic. Each team is responsible for making semi-annual decisions in four broad areas: revenues, payer mix, employees, and services. Teams will start in the same position, competing with one another to gain market share, generate revenue, and increase profitability.

Outcome 1: Students will be able to develop and implement a successful long-term business strategy.

Outcome 2: Students will be able to adjust to market dynamics and industry evolution.

Outcome 3: Students will be able to collaborate effectively across business functions.

Outcome 4: Students will be able to allocate resources to meet strategic and operational goals.

Outcome 5: Students will be able to develop effective team processes.

Outcome 6: Students will be able to practice communication and interaction skills.