Bioscience Management (MSBM)
School of Management
603 Managerial Economics and Decisions of the Firm (3:3:0) Prerequisite: admission to MSBM program. Provides fundamental understanding of how microeconomics concepts are usefully applied to managerial decision- making. Fully explores principles of microeconomic theory, including market supply and demand, production and cost functions, industry structure, and product and resource pricing.
613 Financial Reporting and Decision Making (3:3:0)Prerequisite: admission to MSBM program. Foundation course focusing on economics and analysis of business transactions and related financial reporting issues. Topics include introduction to accounting framework in financial reporting; and analysis of financial statements, economic events’ impact on financial reports, and impact of accounting method choices on financial reports.
623 Marketing Management (3:3:0) Prerequisite: admission to MSBM program. Develops abilities to make marketing decisions in a wide variety of bioscience organizational and competitive situations. Emphasizes technology to aid in analysis, decision making, and communication of decisions to relevant stakeholders. Case studies, team work, and projects.
643 Managerial Finance in Bioscience Management (3:3:0)Prerequisite: admission to MSBM program. Introduces theory and practice of finance within corporations as applied to life sciences organization and industry. Topics include intertemporal choice, valuation, capital budgeting, capital structure, working capital management, and risk/return analysis.
650 Legal and Ethical Aspects of Bioscience Management (3:3:0)Prerequisite: admission to MSBM program, or permission of instructor. Introduces contemporary legal and ethical doctrines as applied to the life sciences organization and industry, and examines how they can be applied to guide and enhance the decision-making processes of managers in a global economy. Discusses intellectual property issues. Lecture, class discussion, cases, and projects.
653 Organizational Behavior and Human Resource Management (3:3:0) Prerequisite: admission to MSBM program. Emphasizes development of conceptual tools for understanding and analyzing individual and group behavior in bioscience organizations and organizational processes. Considerable focus on developing relevant skills for working in groups and teams. Lectures, discussions, case analyses, and in-class exercises.
703 Best Practices in R&D Management (3:3:0) Prerequisite: admission to MSBM program, or permission of instructor. Deals with management of R&D in corporations and outside funding agencies. Management of R&D project portfolio; third and fourth generation R&D management practices; and climate for R&D funding, including government policy from perspective of firms and institutions receiving funding, and the agencies funding projects. Studies corporate, institutional, and governmental perspectives.
712 Project and Cost Management (3:3:0) Prerequisite: completion of bioscience management core requirements, or permission of instructor. Focuses on project scheduling, time-cost trade-offs, budgeting, cost control, and project monitoring. Emphasizes cost-management aspects of projects in bioscience industries. Uses software, case studies.
720 Analysis of the Bioscience Industries (3:3:0)Prerequisite: admission to MSBM program, or permission of instructor. Develops knowledge of status of bioscience and bioinformatics industry and its companies and segments. Students analyze bioscience companies using Porter’s Five Forces Model, examine industry segments, and create electronic database with their findings and analysis.
735 Bioscience Management Capstone Project (3:3:0) Prerequisite: admission to MSBM program, or permission of instructor. Teams undertake strategic evaluation and plan for bioscience-driven business initiatives. Teams present their results, including analysis of competitive forces and the value chain; recommendations including changes in goals and organizational design; plan of action integrating marketing, human resource development, organizational theory, finance, and bioscience product research and development; and implementation plan using theories of communication and change management, to include business case and business plan.
745 Bioscience Product Development and Risk Management (3:3:0) Prerequisite: admission to MSBM program, or permission of instructor. Explores best practices in product development in the life sciences (bioinformatics, bioscience, genomics, biotechnology, and pharmaceutical) Students analyze practices in terms of gaining competitive advantage in an industry where new technologies and economic models for products are constantly being developed. Life science projects and product development efforts categorized and analyzed to develop and maintain the most favorable project or product asset portfolio to successfully carry out business goals and strategies. Analyzes effect of bioscience project investments on organization’s financial worth and performance, and bioscience industry segments and companies from perspective of choosing appropriate partnerships.
750 Global Aspects of Bioscience Management (3:3:0)Prerequisite: admission to MSBM program, or permission of instructor. Students spend a week in an international residency under faculty leadership. Primary focus is dealing with globalization of the life science industries, international markets for life science products and global developments in R&D, virtual global organization, and project management across cultures. Features corporate site visits, and presentations by professors from international universities and practitioners.