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Management Minor

Management Studies
Labovitz School of Business and Economics
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2020
  • Required credits in this minor: 12 to 30
Managers facilitate the work of others to accomplish goals that might not be achieved by a single individual and need to know about the environment surrounding the organization, the roles that managers can play, and the techniques that effectively guide employees. The curriculum allows students to become familiar with different types of organization and their members. Students learn the administrative and fundamental skills demanded of leaders in today's public and private organizations. Among the many topics covered are organizational environment, groups and teams at work, leadership, and employee empowerment. Student are given the opportunity to learn more about organisations' complex systems.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
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
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
The management minor is available to LSBE and Non-LSBE students.
Program Sub-plans
Students are required to complete one of the following sub-plans.
Management for BAA/BAcc Students
Required Courses (12 cr)
MGTS 3401 - Organizational Behavior and Management (3.0 cr)
Group A
Courses must be from 2 different categories.
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
Take 0 or more course(s) from the following:
· MGTS 4411 - High Performance Organization Design and Transformation (3.0 cr)
· MGTS 4295 - Special Macro Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· Take 0 or more course(s) from the following:
· MGTS 4195 - Micro Special Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· MGTS 4431 - Leadership Studies (3.0 cr)
· MGTS 4443 - Teams in Organizations (3.0 cr)
· MGTS 4451 - Management Inquiry (3.0 cr)
· Take 0 or more course(s) from the following:
· MGTS 4461 - Business Ethics (3.0 cr)
· MGTS 4463 - Foundations of Sustainable Management (3.0 cr)
Group B
MGTS 4481 does not count towards this requirement.
Take 1 or more course(s) totaling 3 or more credit(s) from the following:
· One MGTS 44xx course
· MGTS 4395 - Process Special Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· MGTS 4931 - Family Business Management (3.0 cr)
Management for Economics BA and non-LSBE Students
Pre-Minor Core (15-18 cr)
Students are encouraged to complete ECON 1022 and 1023 as pre-minor core prerequisites.
MGTS 1101 - Introduction to Business [LE CAT8] (3.0 cr)
MIS 2201 - Information Technology in Business (3.0 cr)
Accounting
ACCT 2001 - Principles of Financial Accounting (3.0 cr)
or ACCT 2005 - Survey of Accounting [LE CAT] (3.0 cr)
Economics
ECON 1003 - Economics and Society [LE CAT, SOC SCI] (3.0 cr)
or Take the following course pair:
ECON 1022 - Principles of Economics: Macro [LE CAT, SOC SCI] (3.0 cr)
ECON 1023 - Principles of Economics: Micro [LE CAT, SOC SCI] (3.0 cr)
Statistics
ECON 2030 - Applied Statistics for Business and Economics [LOGIC & QR] (3.0 cr)
or PSY 3020 - Statistical Methods (4.0 cr)
or SOC 3155 - Quantitative Research Methods and Analysis (4.0 cr)
or STAT 1411 - Introduction to Statistics [LE CAT, LOGIC & QR] (3.0 cr)
or STAT 2411 - Statistical Methods [LE CAT, LOGIC & QR] (3.0 cr)
or STAT 3411 - Engineering Statistics (3.0 cr)
or STAT 3611 - Introduction to Probability and Statistics (4.0 cr)
Required Courses (12 cr)
MGTS 3401 - Organizational Behavior and Management (3.0 cr)
Group A
Courses must be from 2 different categories.
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
Take 0 or more course(s) from the following:
· MGTS 4411 - High Performance Organization Design and Transformation (3.0 cr)
· MGTS 4295 - Special Macro Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· Take 0 or more course(s) from the following:
· MGTS 4195 - Micro Special Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· MGTS 4431 - Leadership Studies (3.0 cr)
· MGTS 4443 - Teams in Organizations (3.0 cr)
· MGTS 4451 - Management Inquiry (3.0 cr)
· Take 0 or more course(s) from the following:
· MGTS 4461 - Business Ethics (3.0 cr)
· MGTS 4463 - Foundations of Sustainable Management (3.0 cr)
Group B
MGTS 4481 does not count towards this requirement.
Take 1 or more course(s) totaling 3 or more credit(s) from the following:
· One MGTS 44xx course
· MGTS 4395 - Process Special Topics: (Various Titles to be Assigned) (1.0-3.0 cr)
· MGTS 4931 - Family Business Management (3.0 cr)
 
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· Management Minor
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MGTS 3401 - Organizational Behavior and Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Introduction to organizations, management processes, and understanding human behavior at work. Covers the effects of the external environment, organizational structure, job design, teams, and leadership on employees, attitudes, motivation, and behavior. prereq: LSBE candidate or management minor or approved Organizational Management minor or college consent
MGTS 4411 - High Performance Organization Design and Transformation
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
The course introduces knowledge and develops skills on how to design and change organizational systmes to achieve optimal performance. Students are explose to modern and classic organizational theories on how to maximize efficiency and innovation. Building upon the knowledge, students will diagnose organizational systems to identify areas of improvement and subsequently plan and orchestrate a change process to tranform organizations for high performance. prereq: 3401, LSBE candidate or college consent
MGTS 4295 - Special Macro Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more contemporary macro management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4295 and MGTS 4495 Macro Topics
MGTS 4195 - Micro Special Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more micro management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4195 and MGTS 4495 Micro Topics
MGTS 4431 - Leadership Studies
Credits: 3.0 [max 3.0]
Prerequisites: 3401, LSBE candidate or or Non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Fall
A survey of the leadership literature aimed at the development of an understanding of leaders and the leadership process. An exploration of such questions as: Who as a person is the leader? How do people come to the position of a leader? What is the nature of leadership as a process? How do leaders influence others? What is participative leadership? What is charismatic and transformational leadership? prereq: 3401, LSBE candidate or or Non-LSBE Organizational Management minor or college consent
MGTS 4443 - Teams in Organizations
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Examines effective design and management of a variety of groups in organizations, including work groups, task forces, self-managed teams and coalitions. Covers group composition, goals, processes, and effectiveness; includes leadership, managing external relationships, and performance measurement. prereq: LSBE candidate, 3401 or instructor consent
MGTS 4451 - Management Inquiry
Credits: 3.0 [max 3.0]
Prerequisites: 3401, 3801, approved LSBE candidate or approved non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Spring
Methods employed by organizational specialists in conducting applied inquiry (research) to assist organizational decision making, coupled with an examination of a contemporary management issue. Preparation and written/oral presentation of research findings from student-conducted field, laboratory, or library research projects focused on contemporary management issues. prereq: 3401, 3801, approved LSBE candidate or approved non-LSBE Organizational Management minor or college consent
MGTS 4461 - Business Ethics
Credits: 3.0 [max 3.0]
Prerequisites: 3401, 3801, LSBE candidate or approved non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Fall
Stakeholder theory, ethical decision-making frameworks, ethical business and function-specific issues (e.g., organizational management, human resource management), with business as part of larger system (e.g., economic, political, social. Emphasis on external environment--economics, culture, government, technology). prereq: 3401, 3801, LSBE candidate or approved non-LSBE Organizational Management minor or college consent
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
MGTS 4395 - Process Special Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more contemporary process management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4395 and MGTS 4495 Process Topics
MGTS 4931 - Family Business Management
Credits: 3.0 [max 3.0]
Prerequisites: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit
Grading Basis: A-F or Aud
Typically offered: Every Spring & Summer
Family Business Management provides an introduction to understanding family owned, controlled, and influenced businesses. Family Businesses are the most prevalent form of business organization all over the world. The course introduces the unique issues that arise due to the interaction of the family system with the business system. Issues such as governance, entrepreneurship, succession, growth, internationalization, strategy, and leadership are discussed in the context of family business management. The influence of family on the business values, goals, behavior, and performance is described. Finally, the management of non-family employees in family businesses is covered. prereq: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit
MGTS 1101 - Introduction to Business (LE CAT8)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Introduction to context, environment, and operation of business and organizations. Study of foundations and functional areas of business and entrepreneurship. Analysis of technological, ethical, diversity, and global issues from business and organizational perspectives.
MIS 2201 - Information Technology in Business
Credits: 3.0 [max 3.0]
Course Equivalencies: 01392
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to information technology (IT) concepts: computer hardware and software; use of personal productivity tools (spreadsheet, database, and presentation software); system development processes; Web technologies; applications of IT in business processes. prereq: LSBE major or minor student or Graphic Design and Marketing major or Graphic Design with Marketing subplan major or Computer Information Systems majors or minors, or Arts Administration, minimum 15 credits or college consent; credit will not be granted if already received for FMIS 2201
ACCT 2001 - Principles of Financial Accounting
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Concepts of financial accounting and external reporting. Nature and measurement of assets, liabilities, equities, revenues, expenses. Emphasis on use and understanding of external financial statements. prereq: Minimum 15 credits or college consent
ACCT 2005 - Survey of Accounting (LE CAT)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall
Survey of Accounting provides an overview of fundamental concepts and procedures in financial and managerial accounting. The emphasis is on helping students to develop a basic understanding of the contexts of accounting reports provided to decision makers. Credit cannot be applied toward the BAcc or BBA degree programs or the Accounting minor.
ECON 1003 - Economics and Society (LE CAT, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Spring
General description of U.S. economy and analysis of contemporary economic problems. Introduction to major economic issues and problems of the day, providing a simple framework used by economists for analysis. prereq: Cannot apply credit to economics major or minor or BAc or BBA majors
ECON 1022 - Principles of Economics: Macro (LE CAT, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Analyzing overall performance of an economic system. National income accounting and theory, unemployment, inflation, fiscal policy, money, monetary policy, economic growth, international trade, non-U.S. economies, and real-world application of these concepts. prereq: Minimum 15 credits or department consent
ECON 1023 - Principles of Economics: Micro (LE CAT, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Analyzing free enterprise system through study of product and resource markets. Supply and demand, utility, production and cost, market structure, resource use, market failures, regulatory role of government, and real-world application of these concepts. prereq: Minimum 15 credits or department consent
ECON 2030 - Applied Statistics for Business and Economics (LOGIC & QR)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to modern business statistics, emphasizing problem solving applications through statistical decision making using case studies. Topics include organization and presentation of data, summary statistics, distributions, statistical inference including estimation, and hypothesis testing. prereq: minimum 30 credits, LSBE student, pre-business or pre-accounting or Econ BA major or Graphic Design and Marketing major or Graphic Design with Marketing subplan major or Econ minor or Accounting minor or Business Admin minor or Arts Administration; credit will not be granted if already received for Econ 2020, Stat 1411, Stat 2411, Stat 3611, Soc 3151, Psy 3020
PSY 3020 - Statistical Methods
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Descriptive statistics; introduction to correlational analysis and regression; sampling techniques and statistical inference; applications of simple and factorial design analysis of variance and other parametric and nonparametric hypothesis-test statistics in the behavioral sciences. prereq: Math ACT 21 or higher or MATH 1005
SOC 3155 - Quantitative Research Methods and Analysis
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Descriptive statistics. Measures of central tendency, deviation, association. Inferential statistics focusing on probability and hypothesis testing. T-tests, Chi-square tests, analysis of variance, measures of association, introduction to statistical control. Statistical software (SPSS) used to analyze sociological data. Lab. prereq: 2155, crim major or soc major or URS major, min 30 cr
STAT 1411 - Introduction to Statistics (LE CAT, LOGIC & QR)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Statistical ideas involved in gathering, describing, and analyzing observational and experimental data. Experimental design, descriptive statistics, correlation and regression, probabilistic models, sampling, and statistical inference. prereq: Math ACT 21 or higher or a grade of at least C- in MATH 0103 or department approval
STAT 2411 - Statistical Methods (LE CAT, LOGIC & QR)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Graphical and numerical descriptions of data, elementary probability, sampling distributions, estimations, confidence intervals, one-sample and two-sample t-test. prereq: Math ACT 24 or higher or a grade of at least C- in Math 1005 or higher or department approval
STAT 3411 - Engineering Statistics
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Statistical considerations in data collection and experimentation. Descriptive statistics, least squares, elementary probability distributions, confidence intervals, significance tests, and analysis of variance as applied analysis of engineering data. prereq: MATH 1297 with a grade of C- or better, cannot be applied to a math or statistics major
STAT 3611 - Introduction to Probability and Statistics
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Basic probability, including combinatorial methods, random variables, mathematical expectation. Binomial, normal, and other standard distributions. Moment-generating functions. Basic statistics, including descriptive statistics and sampling distributions. Estimation and statistical hypothesis testing. prereq: A grade of at least C- in Math 1290 or Math 1296
MGTS 3401 - Organizational Behavior and Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Introduction to organizations, management processes, and understanding human behavior at work. Covers the effects of the external environment, organizational structure, job design, teams, and leadership on employees, attitudes, motivation, and behavior. prereq: LSBE candidate or management minor or approved Organizational Management minor or college consent
MGTS 4411 - High Performance Organization Design and Transformation
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
The course introduces knowledge and develops skills on how to design and change organizational systmes to achieve optimal performance. Students are explose to modern and classic organizational theories on how to maximize efficiency and innovation. Building upon the knowledge, students will diagnose organizational systems to identify areas of improvement and subsequently plan and orchestrate a change process to tranform organizations for high performance. prereq: 3401, LSBE candidate or college consent
MGTS 4295 - Special Macro Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more contemporary macro management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4295 and MGTS 4495 Macro Topics
MGTS 4195 - Micro Special Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more micro management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4195 and MGTS 4495 Micro Topics
MGTS 4431 - Leadership Studies
Credits: 3.0 [max 3.0]
Prerequisites: 3401, LSBE candidate or or Non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Fall
A survey of the leadership literature aimed at the development of an understanding of leaders and the leadership process. An exploration of such questions as: Who as a person is the leader? How do people come to the position of a leader? What is the nature of leadership as a process? How do leaders influence others? What is participative leadership? What is charismatic and transformational leadership? prereq: 3401, LSBE candidate or or Non-LSBE Organizational Management minor or college consent
MGTS 4443 - Teams in Organizations
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Examines effective design and management of a variety of groups in organizations, including work groups, task forces, self-managed teams and coalitions. Covers group composition, goals, processes, and effectiveness; includes leadership, managing external relationships, and performance measurement. prereq: LSBE candidate, 3401 or instructor consent
MGTS 4451 - Management Inquiry
Credits: 3.0 [max 3.0]
Prerequisites: 3401, 3801, approved LSBE candidate or approved non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Spring
Methods employed by organizational specialists in conducting applied inquiry (research) to assist organizational decision making, coupled with an examination of a contemporary management issue. Preparation and written/oral presentation of research findings from student-conducted field, laboratory, or library research projects focused on contemporary management issues. prereq: 3401, 3801, approved LSBE candidate or approved non-LSBE Organizational Management minor or college consent
MGTS 4461 - Business Ethics
Credits: 3.0 [max 3.0]
Prerequisites: 3401, 3801, LSBE candidate or approved non-LSBE Organizational Management minor or college consent
Grading Basis: A-F only
Typically offered: Every Fall
Stakeholder theory, ethical decision-making frameworks, ethical business and function-specific issues (e.g., organizational management, human resource management), with business as part of larger system (e.g., economic, political, social. Emphasis on external environment--economics, culture, government, technology). prereq: 3401, 3801, LSBE candidate or approved non-LSBE Organizational Management minor or college consent
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
MGTS 4395 - Process Special Topics: (Various Titles to be Assigned)
Credits: 1.0 -3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall, Spring & Summer
Enables students, working closely with the instructional faculty, to explore one or more contemporary process management issues in substantial depth. prereq: LSBE candidate, 3401 or college consent; maximum of 6 credits between MGTS 4395 and MGTS 4495 Process Topics
MGTS 4931 - Family Business Management
Credits: 3.0 [max 3.0]
Prerequisites: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit
Grading Basis: A-F or Aud
Typically offered: Every Spring & Summer
Family Business Management provides an introduction to understanding family owned, controlled, and influenced businesses. Family Businesses are the most prevalent form of business organization all over the world. The course introduces the unique issues that arise due to the interaction of the family system with the business system. Issues such as governance, entrepreneurship, succession, growth, internationalization, strategy, and leadership are discussed in the context of family business management. The influence of family on the business values, goals, behavior, and performance is described. Finally, the management of non-family employees in family businesses is covered. prereq: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit