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BTM 5000 Business Turnaround Management
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
BTM 500: Business Turnaround Management (also offered as MBA 564). This is a gateway course that introduces the concepts, theories, models, strategies and cases relevant to business turnaround and transformation management; and offers an overview of strategies such as cash flow management, downsizing, outsourcing, mergers, acquisitions, liquidation and Chapter 7 and 11 Bankruptcy Law provisions, marketing/finance interface, sustainable competitive advantage and corporate strategic alliances. (3 Credit Hours) | 3 | 0 | 0 | | |
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BTM 5150 Bankruptcy
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course deals with legal and strategic aspects of bankruptcy management for business turnarounds. It covers legal environment of running business; formation, execution and defense of contracts, contract remedies, claims and damages with turnaround applications. Strategic bankruptcy and Chapter 7 and Chapter 11 Bankruptcy Law protection: Debtor versus creditor rights, preference transactions, fraudulent convergences and leases in bankruptcy; and bankers versus Lawyers, views of bankruptcy protection are also addressed. Best cases and practices in Bankruptcy Law protections are included. | 3 | 0 | 0 | | |
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BTM 5200 Motivation & Negotiations Mgmt
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Topics in this course include principles, theories, strategies, skills, techniques, and demonstrations of emotional intelligence, motivation and negotiations management in relation to banks, creditors, suppliers, vendors, employees and unions in turnaround situations. Specific negotiation skills include listening and questioning, persuading and bargaining, strategizing, leveraging, framing and planning from confrontation to cooperation. Emphasis will also be placed upon related teamwork, leadership, critical thinking, problem solving, and organizational skills with turnaround applications. | 3 | 0 | 0 | | |
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BTM 5350 Organizational Change Mgt
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
BTM 535: Organizational Change Management: In this course, students will examine organizational change models and processes such as action research, dialogue, and transformational change. They will practice related skills such as learning how to learn, understanding resistance to change, and creating a culture of organizational change. Ethical implications of organizational change and development will be considered. (3 Credit Hours) | 3 | 0 | 0 | | |
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BTM 5400 Crisis Cash/Accounting Mgmt
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course addresses crisis accounting; forensic accounting; critique of current fraudulent accounting practices; bankruptcy filings; and controllership. Also included are Cash Crisis Management: short-term financial strategies; innovative and rapid cash management; cash collection strategies; cash budgeting; cash flow forecasting; optimal cash management models; refinancing via debt restructure and asset management. | 3 | 0 | 0 | | |
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BTM 5420 Fraud Detection & Prevention
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
BTM 542: Corporate Fraud Detection and Prevention Management: This course focuses on detection, control and prevention of corporate fraud, in view of recent revelations, especially in the area of creative and aggressive accounting and insider trading irregularities that have forced several corporations to bankruptcy. Specific corporate frauds investigated include: creative cash flow reporting, fraudulent financial reporting, recognizing premature or fictitious revenue, aggressive cost capitalization and extended amortization policies, misreported assets and liabilities, creative income statement classifications and recasting pro-forma earnings measures. (3 Credit Hours) | 3 | 0 | 0 | | |
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BTM 5450 Corporate Restructuring
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course covers issues of mergers, acquisitions, divestitures, takeovers, joint ventures and strategic alliances, the implications of business reorganizing via downsizing, facility closings or relocation and off-shoring. Corporate restructuring includes tax implications of restructuring and the issues of restructuring various constituencies claims. | 3 | 0 | 0 | | |
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BTM 5500 Ethics & Critical Thinking
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
General topics include: major ethical theories, responsibility ethics, virtue ethics, justice ethics, and ethics of trust for BTM professionals. Special topics include: Ethics of rapid cash recovery management, downsizing, plant closings and massive layoffs, offshore outsourcing, relocating, merging, acquisitions, joint ventures, liquidating, and seeking Chapter 7 and 11 Bankruptcy Law protections. The course also addresses the concept and practice of critical thinking as it applies to analyzing turnaround situations and developing responses. | 3 | 0 | 0 | | |
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BTM 5550 Lean Management
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Lean principles are most often associated with manufacturing and automotive manufacturing in particular. But lean principles can be applied to any process that can be described. This course will give an introduction to the lean mindset, establish basic principles of lean processes and provide an introduction to various tools useful to improving the efficiency, cost, quality and customer service of a process. | 3 | 0 | 0 | | |
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BTM 5650 Supply Chain Management
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course is about strategic management of the flow of products and services from origin through transformation (i.e., procurement, production and distribution) delivery and distribution to ultimate users. Supply chain management (SCM) will be studied especially in relation to e-commerce and Internet procurement and marketing with turnaround applications. Other topics include: quantitative methods in SCM, decision-making, selection and evaluation of vendors, inventory management, resource planning for production, selection and evaluation of distribution channels, and managing long-term relationships up and down the supply chain. | 3 | 0 | 0 | | |
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BTM 5850 Debt, Equity, & Financ Struct
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course exposes students to a broad range of financial restructuring tools that can be applied to increase an enterprises value. The course illustrates how various corporate restructuring approaches may be used to improve business performance and highlight characteristics of potential candidates for different restructuring techniques. Participants will gain a basic understanding of corporate governance, with particular focus on agency problems and managerial incentives. With industry¿s ever growing global perspective a significant focus will be placed on an executive understanding and leveraging information technology. | 3 | 0 | 0 | | |
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BTM 5950 Directed Studies
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Readings and research in a pertinent fields of study chosen by the student and supervised by a faculty member. Conferences, oral reports or papers provided to the supervising faculty are required as evidence of work progress and project completion. | 3 | 0 | 0 | | |
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BTM 5960 Practicum
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
This course is comprised of a field project conducted in collaboration with major turnaround companies in Michigan. Teams of students will be involved during one or two semesters in actual experiences of turning around at least one major or two minor distressed situations. | 3 | 0 | 0 | | |
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BTM 5990 Master's Thesis
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
In-depth research, study and defense of a topic related to Business Turnaround Management, chosen with the assistance of the Student's Thesis Advisor. The student is required to enroll in BTM 599 for three hours of credit in each of two successive semesters. | 6 | 0 | 0 | | |
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