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Sustainable Business and Organization Minor

Management Studies
Labovitz School of Business and Economics
  • Program Type: Undergraduate free-standing minor
  • Requirements for this program are current for Fall 2020
  • Required credits in this minor: 12
The sustainable business and organization minor is an interdisciplinary minor, which will complement any LSBE major. Sustainability is an approach to business in which business goals are aligned with social and environmental goals. Opportunities for 21st century managers require, in addition to traditional business skills, understanding of increasingly complex social, environmental, and governance issues. Sustainability careers span a broad set of options in large companies, startups, nonprofits, and government entities.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 45 credits before admission to the program.
A GPA above 2.0 is preferred for the following:
  • 2.60 already admitted to the degree-granting college
  • 2.60 transferring from another University of Minnesota college
  • 2.60 transferring from outside the University
Bachelor of Business Administration (BBA) or Bachelor of Accounting (BAc) candidate.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
Minor Requirements (12 cr)
Group A
MGTS 4463 - Foundations of Sustainable Management (3.0 cr)
Group B
Take 1 or more course(s) from the following:
· ACCT 4510 - Fund and Not-For-Profit Accounting (3.0 cr)
· MKTG 3710 - Green Marketing (3.0 cr)
Group C
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· One other course from Group B
· ECON 3721 - Natural Resource and Energy Economics (3.0 cr)
· ECON 3777 - Environmental Economics (3.0 cr)
· MGTS 4941 - Social Entrepreneurship (3.0 cr)
· MGTS 4951 {Inactive} (3.0 cr)
· MKTG 4710 - Marketing for Non-Profits (3.0 cr)
 
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MGTS 4463 - Foundations of Sustainable Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course will introduce students to the concepts of sustainability in a managerial context. prereq: 3401 and LSBE candidate or approved non-LSBE Organizational Management Minor or instructor consent; no grad credit
ACCT 4510 - Fund and Not-For-Profit Accounting
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Summer
Accounting concepts and processes applied to government, hospital, education, charity, and other not-for-profit entities. prereq: LSBE candidate or college consent
MKTG 3710 - Green Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall, Spring & Summer
This course provides an overview of the role of green marketing and sustainability in marketing strategy. The course adopts the triple bottom line perspective to case sustainability as the simultaneous pursuit of financial, social/relational, and environmental performance. It provides an assessment of current efforts to pursue sustainability with a primary focus on the interaction of the marketing organization with the environment. The course focuses on examining specific marketing tactics employed by firms seeking to maximize triple bottom line performance, and subsequently address consumption processes in the household, industrial, services, and transportation sectors of the economy. prereq: 3701
ECON 3721 - Natural Resource and Energy Economics
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall, Spring & Summer
Microeconomic analysis of natural resource and energy markets. Role of these resources in production processes and waste generation, use and pricing of nonrenewable and renewable resources over time, resource availability, sustainable development, and ecological economics. prereq: 1023, preferred but not required: 3023; credit will not be granted if already received for ECON 4721
ECON 3777 - Environmental Economics
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall, Spring & Summer
Microeconomic analysis of environmental quality as an economic good. Pollution control, benefit-cost analysis, valuation methodologies and their application to air and water quality, hazardous waste management, preservation, and global pollutants. prereq: 1023, preferred but not required: 3023; credit will not be granted if already received for ECON 4777
MGTS 4941 - Social Entrepreneurship
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course introduces students to the field of social entrepreneurship, the practice of identifying, designing, starting and growing successful mission-driven for profit and nonprofit ventures. These include non-profit enterprises designed to respond to a special social, need, as well as more traditional ventures working to incorporate socially-responsible practices into their business models. The course provides an overview of the processes, challenges, and demands associated with creating ventures that seek to integrate financial and social/environmental benchmarks of success. This course is designed to appeal to those who want to learn more about enterprise in business and social contexts. prereq: LSBE candidate or college consent, no grad credit
MKTG 4710 - Marketing for Non-Profits
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Summer
This course will introduce students to the dynamic world of non-profits with an emphasis placed on key marketing strategies and tactics that successful non-profits use to fulfill their mission. This course will provide an overview of various aspects and special issues related to non-profit marketing including: (1) the focus of non-profit on social impact versus maximizing profits; (2) the marketing of social services; (3) marketing's role in fundraising; (4) challenges of integrating marketing efforts among diverse stakeholders; and (5) external economic, legal and political factors that impact marketing of non-profit services. prereq: 3701