CDAE 267      Strategic Planning for Agricultural and Resource Entrepreneurs

Spring 2005    Lafayette 311

 

 

           

Course Coordinator:  Dr. Chyi-lyi (Kathleen) Liang

                                     103 C Morrill Hall    Phone 656-0754

                                     E-mail            CLIANG@zoo.uvm.edu

                                     Office hour:   Wednesday 9am to 11am

                                                            Thursday 2pm to 3pm

                                                            By appointment

 

Guest Lecturer:         Dr. Paul Dunn, The University of Louisiana at Monroe,

(318) 3421224, dunn@ulm.edu

 

Other resources:

Ms. Trina Maggie, Librarian in Bailey Howe Library, tmagi@zoo.uvm.edu

Mr. Scott Schaffer, Librarian in Bailey Howe Library, sschaffe@zoo.uvm.edu

 

Prerequisites:             Senior Standing, Agricultural and Resource Entrepreneurship major or minor, or instructor permission

 

 

Course Objectives:

 

    By the time you complete this course, you should:

      

  1. Be able to adapt critical thinking involving in entrepreneurial activities related to agriculture and resources in a professional manner,
  2. Understand the necessity of sound planning before embarking on a business venture related to agriculture and resources,
  3. Have acquired specific skills and experience in gathering and analyzing data from primary and secondary sources as an independent entrepreneur,
  4. Be able to use the computer packages to help you analyze data,
  5. Be able to write and assemble a business plan containing the principle elements needed by a banker or venture capitalist to evaluate the potential success,
  6. Be confident to explain and defend your business ideas in front of a diverse audience throughout the semester.

 

 

 

 

 

 

Course Structure:

 

 The course will consist of several parts:

   

1.         Lectures:     

 

There will be several lectures associated with various Business concepts in this course. All of the lectures are designed to apply the fundamental knowledge and skills learned from pre-requisite courses. Our lectures will focus on creativity, motivation, and critical thinking; i.e. not only to show you how to apply your current knowledge relating to agriculture and resource industries, but also provide you the opportunities to develop a decision making process which can be applied in any real world situation. 

 

2.         Library Research:

 

There will be scheduled sessions for Library Research relating to Marketing, Operation, and Finance. These research sessions are designed to help familiarize you with the information/data that can be obtained through various sources.

 

3.                  Presentation: 

 

There are several presentations for everyone to participate in this course.  Please check your schedule for the time of the presentation.  Specific topics of the presentations will be assigned in classes.  You are required to wear appropriate business attire for the presentation. The purposes of the presentation include:

§         To practice personal and communication skills

§         To exercise knowledge and training in entrepreneurship contents

§         To exchange ideas and information with colleagues

§         To improve your own business ideas and business plan

 

There will be three short presentations as progress reports, five minutes for each team. 

 

During the final exam period you will have an opportunity to defend your final proposal before a mock loan committee. Each team will have 10 minutes to present its plan.  The Loan Committee will ask you questions regarding your plan.  You should come dressed in appropriate business attire.

 

4.                  Business Plan

 

Students will be required to put together a business plan for a real or hypothetical business relating to Agriculture or Resource Industries.  It must be done in teams of three people.  All work submitted must be typed -- conforming to the usual standards of grammar and spelling.  All data sources must be referenced as in any research project.  A substantial portion of your grade will depend on the quality and thoroughness of the research that supports your plan.

 

The following conditions are definitely required:

(1)   Business concept must directly relate to Agriculture and Resources Industries.  Do not design Bar or any generic eating and drinking establishments.  Do not design generic hotel, motel, Bed & Breakfast, or any other non-specific lodging establishment. 

(2)   You must explain why your business idea is innovative, creative, and exciting to every team member. 

(3)   Franchises are forbidden.

(4)   You must use EXCEL to construct financial statements as your original work.

(5)   Using professional consultants or commercial packages to design the business plans, to write the plans, or to collect any data, will be treated as “cheating”.

 

To help us give you meaningful and constructive feedback throughout the semester, we require you to submit written drafts of your plan in various sections, and as a consolidated plan. 

 

 

5.                  Journals

 

Please keep a personal journal as well as a team journal detailing dates, times, work activities and accomplishments relating to this course and your project.  The instructor sometimes assigns specific topics for you to write about in your journals.  The due date of the journal will be announced in classes.  The journal can also be used as a “reflection” of the course. All information in your journal will be kept confidential.

 

 

6.                  Real Entrepreneurs

 

Each team is required to work with a real entrepreneur. You need to find an entrepreneur who will be willing to work with you throughout the entire semester. This entrepreneur will serve as your mentor in the process of completing the business plan. Each team should get feedback and comments from this entrepreneur throughout the entire process. This entrepreneur should be invited to participate in all the activities and presentations, especially the final presentation. The entrepreneur will not decide any part of the grades, however.

 

 

 

 

 

 

 

Grades: grades are assigned to individuals and the TEAM.  Members in one team may or may not share identical grades in the semester.  Each team will be evaluated by instructors, professional audience, and most importantly, peers.

 

Professional manner                                                                                                      30%

o             All the assignments are due on time

Attend all classes and meetings on time

 

o             Maintain a meaningful personal journal and

a meaningful team journal

 

o             Thorough evaluation for individuals and teams      

(Each individual will receive a grade based on the average

of instructors’ evaluations and peer evaluations)

 

o             Be respectful to peers and instructors all the time 

Always show enthusiasm and willingness to learn

Interact with peers and instructors in a positive attitude

all the time

 

Presentation      (individual section presentation 5%, Mock presentation 10%,

Final presentation 15%)                                                                        30%

·              Appropriate business attire

·              Professional and constructive approach

·              Presentation style and clearness

·              Creativity and innovation

·              Team effort and understanding the concepts

·              Questions and answers

                                                                                                                  

Business plan                                                                                                                40%

k            Drafts                                                                              10%

k            Final plan                                                             30%

 

 

 

Total                                                                                                                            100%

 

 

 

 

 

 

 

 

Class Policies:

 

1)      All the assignments and drafts must be turned in by the due time

 

Everyone has the same time and the same chance to accomplish the assignments.

Learning time management is the most important process in this course.

When using the computer, please be aware of the virus or any potential risks.

Try your best to finish all the assignments on time.

 

a)   If any emergency happens, must contact Dr. Liang before the due date and turn in a written report

b)      If the instructor does not receive any notice ahead of the due date, the instructor will not accept any late assignment and will assign an F to the late assignment.

c)      There is no opportunity to makeup missing assignments

           

2)         No make-up presentation

a)   If any emergency happens, must contact Dr. Liang before the presentation time and turn in written report

b)   If the instructor does not receive any notice before the presentation date, the team that  misses the presentation will receive an F for that presentation

 

3)      Please be professional and respectful whenever and wherever you are

a)   Please be quiet if you come in late.  Please let Dr. Liang know if you need to leave early, then sit closer to the door

b)   Please always raise your hand first if you have any questions

c)   Please respect everyone’s learning space and ability

d)      Please always show professional manner and respect your fellow students, audience, and instructors

e)      Please turn off your Cell Phone when classes are in session. The entire class will decide the consequences for the person who violates this rule.

 

4)   If you cheat, copy assignments, or violate the College Code of Conduct for any inappropriate behavior, the instructors will report to the Dean’s Office and the Judicial Affair Office immediately.

 

5) Each student is totally responsible for her/his own work and her/his own grade

     

You must do your best to EARN your grade in a sufficient time period

 

      a) Please ask questions whenever you feel that you are behind

      b) Please let Dr. Liang know that you are struggling or feeling confused immediately

 

6) All the other regulations follow the university handbook.