ࡱ> fie +bjbjdUdU Aj?g?g 2 nnnnn8Ft$w$y$y$y$y$y$y$$&)$n$nn4$444^nnw$4w$44!!PnL!c$$0$!,H,\ZH,!H,n!4$$~$H, X 4: Complete and submit your assessment report electronically to your department chair. As needed, please attach supporting documents and/or a narrative description of the assessment activities. Class/Course OutcomesAssessment MeasuresAssessment ResultsAny Changes Made as a Result of AssessmentIn the boxes below, summarize the outcomes assessed in your class or course during the last year. In the boxes below, summarize the methods used to assess course outcomes during the last year. In the boxes below, summarize the results of your assessment activities during the last year.In the boxes below, summarize how you plan to use the results to improve student learning.Outcome #1:: Demonstrate how to identify entrepreneurial opportunities Outcome #2: Demonstrate the ability to evaluate entrepreneurial opportunities  Discussion 1 Discussion topics are chosen to develop critical thinking skills regarding a business function. Each topic is designed to force the student to make a choice and then support it while also engaging peers who may hold a contrary viewpoint. This reinforces their skills of critical thinking and appropriate communications. The Exam 1 tests the students assessment of the business idea, organizational plan and financial structure. Each exam is composed of a variety of question types (true/false, multiple choice, fill in the blank, and/or short answer essay). Discussion 2, Exam 2, The Exam 2 tests the students understanding of the sources of capital and the pitfalls of going public. Business Papers The class is to write four papers on activities an entrepreneur will face. They cover legal organization, grants and loans, pressures of growth and growth through joint ventures.  Discussion 1 is based on Case #7 pages 480-487 of the textbook. In this discussion students are to post their thoughts on what the companys pro-forma cash flow for the first year and if they believe years 2 and 3. This group discussion helps students with concepts of managing a business and learning the skills needed to be successful in business. Student discussion participation has been quite high with 11 of the 13 students engaged. There are 50 points available in each discussion and students average score based on the rubric is 40 points with no student not earning any points for their participation. Engagement criteria are significant to increase the joint learning opportunity. In this course the average score on Exam 1 was a 82.92%. No one did not attempt the exam, The course high of 94% and the low score of those attempting the exam was 74% (2). Criterion Met: Yes Discussion case #2 On page 352 under the question #2 review the business angel question and post to the discussion. This discussion had the student post their initial thoughts and then discuss with peers the issues regarding business angels as investors. The discussion was worth 50 points. The average score was 43.63 of 50. 2 students did not participate in the discussion. In this course the average score on Exam 2 was a 82.76% out of 100. No student did not attempt the exam. The course high of 94% and the low score of those attempting the exam was 58%. The students are provided four papers on key aspects of business plans. The scores for the papers are as follows #1 Legal Organization. Average Score 73.76% 3 students did not submit. #2 Obtaining Grants and Loans Average Score 85.0% 1 student did not submit. #3 Pressures of Growth Average Score 79.84% 2 students did not submit. #4 Growth through Joint Ventures. Average Score 78.84% 2 students did not submit. Criterion Met: Yes  In previous semesters students were expected to write a business plan, however, they did not have any experience with business plans or basic business concepts. Because of this, the students stumbled on the basic concept of business vernacular and business ideas. The course has been developed to solve the issue of key concepts by having the student review cases and write a paper on the key concept of the case. The point I am reinforcing is the need for a solid business concept, where we have at least one identifiable revenue stream and a strategy to implement the plan. One area of concern that I am watching is the lack of participation by the two students. Past experience leads me to believe that the students felt challenged and were afraid to be wrong. The discussion case will continue. Having them start the process of financial calculations and share with others has helped them learn. The case has generated a lot of discussion among the class even in other assignments. This expansion case speaks of a business angel who is wanting to invest in your business and are you willing to take the money. The students do very well in evaluating the pros and cons of the investor funding. Outcome #3:: Create a business plan focused on a specific opportunity.  Business Papers The students are provided four papers to develop understanding of key business skills on specific issues in business plans. The first is the Legal Organization, the second is Obtaining Grants and Loans, the third is Pressures of Growth, and the Fourth paper is Growth through Joint Ventures. Exam 3 Discussion 4 The students are provided four papers on key aspects of business plans. The scores for the papers are as follows #1 Legal Organization. Average Score 73.76% 3 students did not submit. #2 Obtaining Grants and Loans Average Score 85.0% 1 student did not submit. #3 Pressures of Growth Average Score 79.84% 2 students did not submit. #4 Growth through Joint Ventures. Average Score 78.84% 2 students did not submit. In this course the average score on Exam 3 was a 73.23% out of 100. Two students did not attempt the exam. The course high of 90% (2) and the low score of those attempting the exam was 82 points. Discussion case #4 the student is to review the bankruptcy laws and post their thoughts. The discussion was worth 50 points. The average score was 40.83 of 50. 1 student did not participate in the discussion. Criterion Met: Yes  The past student scores indicate that the student felt challenged, but not overwhelmed by the class. The program of working on business papers to learn the concepts of business startup has helped with MGT 103. Student performance on exams typically improves as the course progresses, although each exam is structure in the same manner. The one low score caused the overall scores to be lower. I allow students to drop one exam, that notice went out, and he took advantage of it! The discussion franchise question is easy for students to engage. While this is not a pleasant topic an exit strategy needs to be thought of before your venture into business. .  Outcome #4: Understand how to implement the business plan Discussion 3, Exam 4 Business Plan Papers Discussion case #3 the student is to review a franchise opportunity and post their thoughts. The discussion was worth 50 points. The average score was 41.81 of 50. 2 students did not participate in the discussion. In this course the average score on Exam 4 was a 74.61% out of 100. Two students did not attempt the exam. The course high of 97% and the low score of those attempting the exam was 77 points. The students are provided four papers on key aspects of business plans. The scores for the papers are as follows #1 Legal Organization. Average Score 73.76% 3 students did not submit. #2 Obtaining Grants and Loans Average Score 85.0% 1 student did not submit. #3 Pressures of Growth Average Score 79.84% 2 students did not submit. #4 Growth through Joint Ventures. Average Score 78.84% 2 students did not submit. Criterion Met: YesThis case will continue. The case has generated a lot of discussion among the class on franchising as a business model. Discussion Questions are an excellent indicator of student learning and engagement.  I have reviewed this report: _________________________________________________ ____________________________________________________ Department Chair Dean Date________________ Date_______________ ________________________________________________ Vice President of Academic Affairs and Student Services Date_______________     GBC Class/Course Assessment Report Academic Year: 2020-2021 Course Prefix, Number and Title: BUS 201 Entrepreneurship II Section Number: 1001 Department: Business Is this a GenEd class? 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