Leadership MBA & iMBA Course Descriptions

Lake Forest Graduate School has a wide range of courses that allow students to earn an MBA or a Graduate Certificate, depending on their individual completed courses. Our course topics include leadership, global business, management, business analytics, and more.

Students that choose to pursue the LMBA or iMBA options will complete the program’s core courses as well as a selection of elective courses. The flexibility of the program allows students to focus their education in the areas of business in which they are interested.

Both the LMBA and iMBA degree tracks culminate in a capstone course – Strategic Management. The Graduate Certificates available for students to earn are Change Management, Management Analytics, and Strategy & Execution, and can be completed with or without completing the entire MBA program.

Below is the list of courses that comprise all the Graduate Certificates, Leadership MBA and the iMBA choices available at Lake Forest. 

Because Lake Forest courses are continually reviewed for quality content, they are therefore subject to change.

Leadership MBA Courses

Keys To Your Success (Four self-paced, online modules that you complete prior to beginning your first core course; each module takes approximately four hours to complete)

5001 Digital Literacy
5002 Communication & Teams
5003 Fundamentals of Finance
5004 Critical Thinking

Change Management Certificate (4 courses)

5100 Executive Success Skills
5120 Effective Leadership
5160 Global Business & Cultural Diversity
5220 Leading Organizational Change

Management Analytics Certificate (4 courses)

5140 Business Analytics & Research
5170 Economics for Managers
5110 Accounting for Decision Making
5190 Financial Management

Strategy and Execution Certificate (4 courses)

5130 Strategic Thinking
5200 Innovation & Risk
5210 Marketing
5230 Operations Management
5240 Capstone Course: Strategic Management

Elective MBA Courses

5802 Negotiations & Conflict Management
5804 Business Law
5806 Team and Employee Effectiveness
5807 Ethical Leadership & Decision-Making
5810 Strategic Talent Management
5820 Project Management
5822 Social Media
5827 Investments
5828 Entrepreneurial Finance
5831 The Healthcare Landscape
5832 Advanced Topics in Healthcare
5833 Healthcare Business Operations
5840 Global Practicum: Europe
5841 Global Practicum: Asia
5842 Global Practicum: Latin America
5848 Global Finance
5849 Global Marketing
5850 Digital Marketing
5871 Leading the Sales Function
5880 Sustainable Business
5885 iRelaunch Career Exploration & Job Search Tactics

iMBA Courses

Core iMBA Courses

7800 Career Development
7810 History of Management Thought
7815 Management for Results
7820 Marketing for Results
7825 Human Resources & Organizational Behavior
7830 Financial Accountability
7835 Management Information Systems and E-Business
7840 Decision Analysis in Organizations
7845 International Business
7850 Leadership in Organizations
7855 Organizational Strategy
7860 Strategic Management - Capstone Experience

Elective iMBA Courses
7890 International Finance
7895 Business and Culture
7897 Import-Export Management

 

Lake Forest Leadership MBA Core Courses



5100 Executive Success Skills

Change Management Certificate
(3 semester hours credit)
Communication is at the heart of effective leadership. This introductory MBA course establishes performance expectations for the critical communication skills necessary for success in business. Students will have an opportunity to fine-tune their written, oral, and listening skills, as well as to learn the basics of teamwork. Students will learn how to frame a message for maximum impact using a variety of communication tools (both face-to-face and virtually), how to incorporate delivery techniques into their presentations that will engage the audience, and how to respond effectively to their managers and peers. Fundamental concepts and guidelines are reinforced through practical assignments, ongoing instructor/peer/self-critique, and participation in team activities. Subsequent Leadership MBA courses will build upon the criteria for excellence in communications that have been defined in this class. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5002 - Communication and Teams


5110 Accounting for Decision Making

Management Analytics Certificate
(3 semester hours credit)

This MBA course provides the student with an understanding of the management information critical to internal stakeholders in achieving stated goals in the organization. Essential to meeting internal corporate objectives is the creation of useful analysis and communication of management financial information. This Leadership MBA course will provide the student with a set of tools and models to approach difficult decisions faced each day. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5003 - Fundamentals of Finance.


5120 Effective Leadership

Change Management Certificate
(3 semester hours credit)
Effective Leadership is a highly personal look at leadership. This Leadership MBA course enables students to better understand their own leadership styles and apply these styles effectively in the workplace. The course includes a discussion of individual and universal leadership concepts, how leaders think and act, and how various management styles impact situations and relationships within an organization. Exploring how effective teams are formed and how team members interact allows students to become more effective members and leaders of teams. In addition, coaching models are demonstrated to help students become influential leaders within their companies.
Students develop action plans to enhance their professional and personal leadership skills through the completion of personal assessments and interactive activities. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5002 - Communication and Teams


5130 Strategic Thinking

Strategy and Execution Certificate
(3 semester hours credit)
In this MBA course, students will learn to think strategically and apply strategic concepts and tools to the fundamental functions and processes necessary to lead a business in a dynamic and highly competitive environment. Students are introduced to a higher level of thinking - the type that general managers rely on in running successful businesses - by forming an integrated systems perspective of an organization. Leadership MBA students will be required to demonstrate their ability to convert their analysis into logical and persuasive recommendations. The course challenge students to improve their ability to resolve complex business issues, identify underlying problems, be open to new ideas that lead to innovative but feasible alternatives, and take actions that will meet the needs of their organization’s stakeholders. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5004 - Critical Thinking


5140 Business Analytics & Research

Management Analytics Certificate
(3 semester hours credit)
This Leadership MBA course focuses on the practical application of statistical tools to understand and use relevant data, which lead to winning decisions by introducing students to major statistical and decision analysis tools used in business. It prepares them for quantitative analysis in a variety of areas, including strategy, operations, finance, human resources, and marketing and sales. By separating facts from opinions and identifying the most influential factors and risks in areas such as marketing, operations, finance and strategy, graduate students will formulate judgments that provide a competitive advantage to themselves and their organizations. Interpreting data and making decisions are not exclusively mechanical processes; they also involve intuition, ideas and values to find real-world meaning from real-world numbers. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5003 - Fundamentals of Finance


5160 Global Business & Cultural Diversity

Change Management Certificate
(3 semester hours credit)
Companies and managers are impacted as the global economy trends towards greater integration and interdependency. This MBA course examines the effect of cultural diversity on personal and organizational effectiveness, the impact of globalization on business operations and the strategic considerations and factors necessary to compete ethically and effectively in this dynamic marketplace. Leadership MBA students will view the global environment from many viewpoints (individual contributor, functional manager, and CEO) through case studies, discussions, simulations and assignments. This course addresses effective communication, ethical decision-making and strategic thinking under the umbrella of the global challenge. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5002 - Communication and Teams


5170 Economics for Managers

Management Analytics Certificate
(3 semester hours credit)
This LMBA course examines key economic concepts critical to managerial decision-making within today’s business environment, including microeconomic and macroeconomic principles. Microeconomic topics addressed include supply and demand, consumer and competitor behaviors, cost analysis, and pricing and output decisions within various market structures. Issues related to public policy and regulation as they apply to market dynamics and business decision-making is also included. In the macroeconomics section, the MBA course considers the national and worldwide economic environment within which businesses operate. Specifically, it provides an understanding of gross domestic product, unemployment, investment, interest rates, the supply of money, inflation, exchange rates, international trade, business cycles, and fiscal and monetary policy. All topics are discussed with an emphasis on real-world applications. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5003 - Fundamentals of Finance


5190 Financial Management

Management Analytics Certificate
(3 semester credit hours)
This Leadership MBA course combines understanding, application, and discussion of important financial management concepts, resulting in the student’s improved appreciation of the dynamics of financial relationships. The graduate student builds upon prior skills and knowledge, identifying the real-world tradeoffs in business planning and corporate operations. They apply financial principles, tools, and identifiable risk to create and measure economic value. This course places particular emphasis on the practice and theory associated with asset valuation and the maintenance of appropriate capital structure. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5003 - Fundamentals of Finance. Recommended Prerequisites: 5140 - Business Analytics & Research, 5110 - Accounting for Decision Making


5200 Innovation & Risk

Strategy and Execution Certificate
(3 semester hours credit)
This MBA course focuses on the acquisition of discovery techniques, risk assessment tools, and innovation leadership skills to initiate strategically aligned innovation in an organizational environment. The significance of innovation, the strategic and organizational environment, and best implementation practices for both individuals and teams are examined and experienced. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5004 - Critical Thinking. Recommended Prerequisites: 5130 - Strategic Thinking


5210 Marketing

Strategy and Execution Certificate
(3 semester hours credit)
This MBA course provides the student with a working knowledge of contemporary marketing principles, the ability to solve diverse and complex marketing problems, and a comprehensive set of marketing strategies that can be used effectively within a global environment. Emphasis is placed on applying course learning to real-world challenges. Graduate students are taught to think strategically and ethically to achieve a desired market presence and to develop and maintain strong customer relationships. Areas of study include market assessment and development, understanding consumer behavior, segmentation and target selection, strategic brand positioning, product management, integrated communications, channel management, strategic pricing, and market planning. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5004 - Critical Thinking. Recommended Prerequisites: 5140 - Business Analytics and Research


5220 Leading Organizational Change

Change Management Certificate
(3 semester hours credit)
This course helps students understand and participate effectively in dynamic organizational change. Students will learn why enhancing the pace of learning and change is important to personal and organizational performance and growth. They will be able to diagnose the functional or dysfunctional impact of strategic intent, culture, and leadership behaviors on organizational change. The MBA course will also enable students to recognize and address both personal and organizational obstacles to constructive change. Finally, students will understand the need for continually reassessing and updating their capabilities for leading change and how to apply these capabilities to facilitate change within their organizations. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5002 - Communication and Teams. Recommended Prerequisites: 5120 - Effective Leadership


5230 Operations Management

Strategy and Execution Certificate
(3 semester hours credit)
This course provides an overview of key operations management functions in the context of a globally competitive environment, both in a service and a manufacturing setting. Various elements critical to achieving optimal performance are examined. Such elements include labor evaluation, process design and management, capacity planning, site selection, software systems such as ERP, inventory management, scheduling and demand flow, quality systems, managing customer relationships, supply chain management, employee involvement, lean enterprise management, operational strategies, and the impact of global operations. Students will attain insight and a deeper understanding of the role that operations play in the overall organizational strategy. Required Prerequisites: KEYS: 5001 - Digital Literacy, KEYS: 5004 - Critical Thinking. Recommended Prerequisites: 5140 - Business Analytics and Research

 

5240 Strategic Management

Capstone
(3 semester hours credit)

This capstone course is designed to provide students with an opportunity to apply and integrate knowledge and skills acquired in the MBA program. The emphasis is on the holistic perspective of the CEO/General Manager in crafting a business strategy and using acquired team and leadership skills to successfully execute this strategy. Strategic management issues are explored and applied within the contexts of stakeholder value, ethical decision-making, innovation, and strategic thinking. Required Prerequisites: All Core Courses 

 

Lake Forest Leadership MBA Elective Courses


5802 Negotiations & Conflict Management

(3 semester hours credit)
The purpose of this course is to help students become more effective in handling the frequent conflicts and resulting negotiations that confront business executives. The course treats negotiation as a complex process that requires the successful practitioner to develop and utilize a unique blend of perceptual, analytical, and interpersonal skills.


5804 Business Law

(3 semester hours credit)
This course examines the legal and regulatory environment in which corporations and managers function. Day-today decision-making is considered within the context of pertinent laws, regulations, and court decisions. The focus is on analysis of the legal system, and specific topics within the system such as contracts, governmental regulations, agency relationships, torts, corporate and other types of business entities, and related issues.


5806 Team and Employee Effectiveness

(3 semester hours credit)
This course covers both the communications challenges specific to teams as well as the feedback process that occurs in coaching or managing relationships. The most productive teams are facilitated by skilled process managers who understand how to build teams and keep them productive for a defined time period. Students learn in real-time how to build a team by working in teams. Employee effectiveness is dependent upon the feedback processes that occur in the workplace. Managers typically engage in a number of key one-on-one interactions with employees to ensure improved performance. These key interactions revolve around the life cycle of employment, including interviewing, onboarding, setting goals, performance reviews, coaching and termination. This course addresses strategies that help managers develop direct reports and improve their ability to successfully engage in critical coaching conversations.


5807 Ethical Leadership & Decision Making

(3 semester hours credit)
This course provides an understanding of how values shape individual ethical behaviors, and how these behaviors influence leadership and decision-making. It will provide practical knowledge and tools needed to effectively manage the everyday ethical conduct of employees. The course also discusses how legal, philosophical, and corporate practices influence ethical behavior for individuals and companies. Students examine how social, environmental, and stakeholder responsibilities, as well as different values impact ethical behavior in companies. (Premium tuition pricing applies.)


5810 Strategic Talent Management

(3 semester hours credit)
This course builds a conceptual framework for business leaders to understand that the strategic management of people can improve business performance. This course will help participants maximize the performance of their employees and learn techniques that promote the success of their employees. As leaders move up in their organizations, their success ultimately depends on their ability to achieve results by managing the efforts of their direct reports and colleagues. Three major themes are developed in this course: An organization is most effective when “people strategies” are properly aligned with “business strategies.” The strategic management of people is a critical responsibility of all business leaders within an organization. As leaders move up in an organization, the challenge of working through others to achieve success increases.


5820 Project Management

(3 semester hours credit)
This course covers the process and techniques required to manage almost all types of projects. The course integrates key management skills acquired throughout the MBA program with specific project management skills and knowledge. This integration helps students more effectively meet project objectives on time and within budget, as well as meet expectations and quality requirements. Considerable emphasis is placed on the knowledge, skills, tools, and techniques needed to manage projects successfully.


5822 Social Media

(3 semester hours credit)
Social media has increased the complexity of business and interpersonal communication by creating interactive environments where customers become collaborators and employees become facilitators. The way organizations communicate and interact internally as well as with consumers has been significantly altered. Learning to use social media tools that assist in identifying and targeting particular markets or addressing organizational initiatives that create interactions and build relationships are critical to organizations. This course is grounded in practice, and students will participate in social networks, forums, blogs, wikis, micro-blogs, and more.


5827 Investments

(3 semester hours credit)
This course introduces basic portfolio strategies focusing on common investment types, including mutual funds, fixed-dollar annuities and variable-dollar annuities from the perspective of the individual and institutional investor. Market operations, performance evaluation, fundamental security analysis methods (in relation to stock bonds), mutual funds, options, and futures are included and students have the opportunity to analyze how each type works, recognizing the advantages and disadvantages as well as yield expectations.


5828 Entrepreneurial Finance

(3 semester hours credit)
This course focuses on the financing decisions of entrepreneurs. The course emphasizes identifying and valuing entrepreneurial business opportunities as well as how and from whom entrepreneurs raise funds. It includes an exploration of how financial contracts are structured to manage risk and align incentives and how and when entrepreneurs “harvest” success and value.


5831 The Healthcare Landscape

(3 semester hours credit)
Healthcare is dynamic, complex, and a force of change in the world today. It offers substantial career opportunities for the aspiring business professional. It is essential that managers possess a greater understanding of the healthcare landscape and the forces driving changes today. This course will provide an overview of the healthcare landscape and the diversity of the stakeholders, and will introduce some of the contemporary issues framing the healthcare agenda.


5832 Advanced Topics in Healthcare

(3 semester hours credit)
The healthcare industry is characterized by challenges and complexities that revolve around third-party payers, increasing regulations, competitive market forces, and a mixture of government, private, not-for-profit, and investor owned organizations. Healthcare leaders are faced with evolving models of delivery and financing of care, continually rising costs, and increasingly regulatory compliance. Today more than ever, healthcare leaders need a greater understanding of complex financial issues and analytical tools to make sound business decisions. This course will include a brief overview of the healthcare financial environment, industry-specific analytical tools, balance sheet management of both short-term and long-term assets and liabilities, integrated strategic and financial planning, risk management, and ethics. 


5833 Healthcare Business Operations

(3 semester hours credit)
This course builds upon the student’s understanding from previous coursework about the scope and breadth of the healthcare services and products industry, the unique aspects related to financing, the political and regulatory issues and impacts, and the various ethical issues that run through all aspects of decision-making in the industry. This course incorporates the use of case analysis, and broad-based, in-depth exposure to various industry segments through site visits to healthcare service and/or manufacturing settings, and guest speakers from clinical, scientific, and operations perspectives across segments and political and/or public health arenas.


5840 Global Practicum: Europe

(3 semester hours credit)
This course offers students an opportunity to focus on the European business environment within an innovative and flexible framework that combines traditional classroom based learning with structured, rigorous, in-country experiential learning. The pragmatic aspects of doing business abroad, such as cultural differences, resource availability, legal and economic framework, technology, and marketing issues are explored through classroom discussion, in-country company and government site visits, lectures from European educators and business leaders, and consulting project client interaction. This course addresses effective communication and ethical decision-making under the umbrella of the global challenge. (Additional Student Cost: Travel supplement fee and Airfare.)


5841 Global Practicum: Asia

(3 semester hours credit)
This course offers students an opportunity to focus on the Asian business environment within an innovative and flexible framework that combines traditional classroom-based learning with structured, rigorous, in-country experiential learning. Focusing on emerging markets in terms of development, economy, growth, and philosophies in a multicultural setting, the challenges and opportunities of these dynamic markets are addressed. The pragmatic aspects of doing business abroad, such as cultural differences, resource availability, legal and economic framework, technology, and marketing issues are explored through classroom discussion, in-country company and government site visits, lectures from Asian educators and business leaders, and consulting project client interaction. This course addresses effective communication and ethical decision-making under the umbrella of the global challenge. (Additional Student Cost: Travel supplement fee and Airfare.)


5842 Global Practicum: Latin America

(3 semester hours credit)
This course offers students an opportunity to focus on the Latin American and U.S. Hispanic business environment within an innovative and flexible framework that combines traditional classroom-based learning with structured, rigorous, in-country experiential learning. The pragmatic aspects of doing business abroad, such as cultural differences, resource availability, legal and economic framework, technology, and marketing issues are explored through classroom discussion, in-country company and government site visits, lectures from Latin American educators and business leaders, and consulting project client interaction. This course addresses effective communication and ethical decision-making under the umbrella of the global challenge. Additional Student Cost: Travel supplement fee and Airfare.)

 

 5847 Global Base Camp

(no credit and no cost - Global Base Camp is required to become a Hotchkiss Scholar)
This non-credit bearing course is directly linked to each of the Global Practica courses providing real time research support for the consulting projects and company visits. Students enrolled in the Global Base Camp course will participate in the required pre-departure sessions and follow up session as needed. Student will participate in scheduled and spontaneous virtual conferences while Global Practica students are in country. Detailed responsibilities and tasks will be identified in conjunction with Base Campus faculty and Global Practica faculty and are dependent upon the counties visited, consulting projects and company visits. 

 
5848 Global Finance

(3 semester hours credit)
Companies and managers are impacted as the global economy trends toward greater integration and interdependency. This course provides students with an advanced and in-depth understanding of financial management principles as they relate to the global capital markets. Focusing on the global financial and macroeconomic environment, topics such as foreign exchange markets, management of foreign exchange exposure, international financial instruments, and crossborder investment are analyzed. Through lecture, case study, group discussion, and presentation, students will increase their ability to manage exchange risk and market imperfections using various techniques while maximizing organizational financial performance. This course addresses effective communication and ethical decision-making under the umbrella of the global challenge.


5849 Global Marketing

(3 semester hours credit)
Companies and managers are impacted as the global economy trends toward greater integration and interdependency. This course provides students with an advanced and in-depth understanding of marketing principles as they relate to the global marketplace. Environmental factors that influence marketing in the global arena (political, economic, legal, socio-cultural, technological, and competitive) are examined as to the impact on entry strategy, product, pricing, distribution, packaging, promotion planning, and branding. Through lecture, case study, group discussion, presentation, and in-store research, the complex and dynamic global environment in which marketing strategies are formulated and implemented are analyzed to advance student decision-making skills in successful global marketing. This course addresses effective communication and ethical decision-making under the umbrella of the global challenge. 


5850 Digital Marketing

(3 semester hours credit)
This course examines the ways new digital technologies have changed the marketing industry. It covers its impact on the e-enabled marketing mix and communication strategies, as well as changes in product and channel strategy driven by digital technology. The course provides the student with a working knowledge of contemporary digital marketing principles and provides a tool set to assess, build, and sustain a successful, comprehensive integrated digital marketing program. In a field that literally changes on a daily basis, emphasis is placed on staying on top of contemporary topical issues, while applying course content to real-world challenges.


5871 Leading the Sales Function

(3 semester hours credit)
Leading the revenue generation effort is key to an organization’s success and a principle concern of sales force leaders and the senior executives to whom they report. This course covers the business processes of planning, developing and implementing the company’s strategic sales plan, relating it to the overall marketing strategy and reviewing and evaluating sales force performance. Students learn the basics of the selling process and territory management, as well as how to prepare forecasts and structure and deploy the sales force to achieve them. They are introduced to the challenges associated with recruiting, selecting, training, motivating, coaching, evaluating, rewarding, and retaining qualified sales people. The course also exposes students to the many legal and ethical concerns unique to the sales function such as team dynamics and the special mentoring relationships that develop between sales team members and their leaders.

 

 5896 LFGSM Subject Master Student

(3 semester hours credit)
This course is designed to allow students with significant managerial leadership and functional expertise in a particular discipline the opportunity to demonstrate their knowledge and ability to apply key concepts. Students enrolled as a Subject Master Student handle key elements of the course through facilitating discussions, application activities, tutoring support, and other activities agreed upon with the instructor. With direction and input from the Dean of Faculty Relations and Degree Programs, students will meet with the instructor of record to create a “teaching assistance plan.” Subject Master Student will not be billed for this course but will receive a grade for the course based on their successful completion of the Subject Master Student plan.

 
 

Lake Forest Immersion MBA Core Courses


7800 Career Development 

(3 semester hours credit — pass/fail)

This course is the foundation upon which you will successfully manage your career. The course is divided into three parts that expound on our proven four-step career management process: Discover, Network, Interview, and Perform.

7801 Part 1 — Discover: Covers topics such as self-assessment, personal branding, company research, and personal marketing materials, such as a resumé.

7802 Part 2 — Network & Interviewing: Focuses on networking, uncovering the hidden job market, interviewing, and accessing job opportunities.

7803 Part 3 — Perform: Orients students to delivering excellence in their job via topics such as offer evaluation, negotiation, emotional intelligence, and creating 90-, 180-, and 365-day plans. This is a pass/fail component. Are you ready to be coached for the run ahead?


7810 History of Management Thought 

(1 semester hour credit — pass/fail)

This three-week introductory course starts with an initial orientation session where students meet their faculty and classmates online through real-time collaboration software as an online discussion community and discuss the overall program requirements and expectations. It then provides an overview of major schools or perspectives of management theory. The focus is on the disciplinary foundations of management theory, as well as the impact of historical context upon the development of management theory. The course also focuses on the rise of the concept of management as a distinct profession. This pass/fail course is completed prior to taking any other courses.


7815 Management for Results 

(4 semester hours credit)

This course focuses on the knowledge and skills needed to grow and sustain performance in an organization (whether a full company, a department, division, or other strategic business unit within an existing organization) by getting the right things done through teams of people. It addresses the common management functions of planning, organizing, leading, and controlling. Students learn from classic and contemporary readings, case studies, peer and faculty discussion, and practicing managers. They integrate and apply their learning through application assignments and a required project.


7820 Marketing for Results

(4 semester hours credit)

This course gives attention to the knowledge and skills needed to manage the marketing function in a 21st-century organization. It addresses the common marketing functions of industry and market research, customer research, product and service design, pricing, creating awareness, distribution, and presentation. Students learn from the experience in the virtual reality courseware, online discussion community and by applying the learning to a marketing-related project.


7825 Human Resources & Organizational Behavior 

(4 semester hours credit)

This course examines the knowledge and skills needed to identify, grow and sustain talent in an organization. It addresses the common functions of recruitment, training and talent development, motivation, teamwork, compensation, performance, rewards and recognition, safety, laws and cultural concerns, specifically targeted within the context of human resources management (HRM). Students have the opportunity to transfer key human resources concepts to situations they face in their daily life.

 

 

7830 Financial Accountability

(4 semester hours credit)

This course is intended to present students with basic skills and terminology in financial accountability, and then allow them to apply these skills in practical critical thinking exercises, decision situations, and other higher levels of learning. Topics include both financial and managerial accounting concepts. The course begins with an understanding of the various financial statements and the basic accounting process. A more in-depth coverage of assets, liabilities, equities, revenues, and expenses leads to financial statement analysis. The course transitions into foundational managerial accounting concepts, including: cost behavior, budgets, performance evaluation, differential analysis, and capital budgeting. Students practice these skills through an application assignment.


7835 MIS and E-Business 

(4 semester hours credit)

This course is an overview of the interchange and processing of information using electronic techniques for conducting business within a framework of generally accepted standards and practices. Areas covered include: IT as an organizational resource, data management, IT planning, design, implementation, technology change, funding, and prioritizing IT initiatives.


7840 Decision Analysis in Organizations 

(4 semester hours credit)

This course provides students with the concepts, methods and tools for the application of logical and quantitative analysis to business decision-making and problem-solving. The course highlights and practices the benefits as well as the limits of quantitative analysis in a real-world context.


7845 International Business

(4 semester hours credit)

This course gives attention and practice to the knowledge and skills needed to grow and sustain performance in an international business organization, whether a full company, department, division, or other strategic business unit within an existing organization. It addresses the common global business functions of market analysis, exporting, sourcing, direct foreign investment, and cross-cultural management. Students will integrate and apply their learning through a required project.

 

7850 Leadership in Organizations 

(4 semester hours credit)

This course examines the knowledge and skill sets needed to lead people in business organizations. The course combines examination of some of the classic and recent insights on leadership effectiveness with application of those insights at the individual, interpersonal and institutional levels. Like other courses, the student has the opportunity to practice the skills learned through an application assignment and project.

 

7855 Organizational Strategy 

(4 semester hours credit)

This course equips students to understand the complexities of managing entire organizations from the perspective of the executive managers. Common strategic functions are addressed with an application assignment to integrate the learning, such as: external analysis, internal analysis, competitive analysis, determining strategic alternatives, execution and strategic control.

 

7860 Strategic Management - Capstone Experience 

(4 semester hours credit)

This course requires students to combine their program-wide MBA case-analysis skills, content-area knowledge, and application skills with personal experience for success in this final active learning capstone experience. The emphasis is on the holistic perspective of the CEO/General Manager in crafting a business strategy and using acquired team and leadership skills to successfully execute this strategy. Strategic management issues are explored and applied within the contexts of stakeholder value, ethical decision making, and strategy.

 

Lake Forest Immersion MBA Elective Courses


7890 International Finance 

(4 semester hours credit)

This MBA course provides the knowledge and skills needed to manage the complexities of financing exports, imports, and direct foreign investment. Primary topics include the nature or behavior of foreign exchange rates and managing the impacts of exchange rates on short-term and long-term international business activities and performance objectives.


7895 Business and Culture 

(4 semester hours credit)

This Immersion MBA course describes the knowledge and skills needed to manage a multinational, multicultural business. The focus is on understanding how cultural differences can affect the marketing and delivery of products and services, and the interaction of company employees with one another, customers, suppliers and government representatives.


7897 Import-Export Management 

(4 semester hours credit)

This MBA course covers the knowledge, skills and insights needed to manage imports and exports either in a comprehensive trading company or in a department of a company that depends on sourcing or exporting to achieve its strategic objectives.