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Tabor School of Business
Academic Programs in the Tabor School of Business Accounting “Learning Business By Doing Business” The Tabor School of Business, the first named school in Millikin University history, honors the late Purvis F. Tabor, a former member of the University’s Board of Trustees, and his wife, Roberta Morris Tabor. The School offers a curriculum with majors in Accounting, Management, Entrepreneurship, Finance, International Business, Marketing, and Information Technology. The business programs in the Tabor School of Business are accredited by the Association of Collegiate Business Schools and Programs (ACBSP). The School also offers an MBA program for professionals, minors in Management, Economics and Finance for non-business students, a minor in Information Technology for both Tabor and non-business students, and an Evening Accounting Program. Mission The Tabor School of Business delivers an entrepreneurially-focused, integrated education for graduates’ professional and personal achievement, and is a learning partner valued by the business community.
These words signal the intent to deliver an education forged from the relentless pursuit of theory, practice, and disciplinary integration. By developing business graduates who are competitive in their readiness to make immediate contributions and in their capacity for growth, students are provided with the foundation for life-long professional and personal achievement. The Tabor School of Business is a learning partner respected by the business community as a knowledge-based resource and as an incubator of business professionals and for entrepreneurial endeavors. Integrated Education The hallmark of the Tabor School of Business curriculum is integration. In an integrated curriculum students learn that business is more than a series of distinct and separate disciplines and courses. Instead, the courses and disciplines are used together to generate successful business practices. Students will be better prepared for their career path when they understand and apply these interrelated business disciplines in an integrated, rather than segregated fashion. Integration is emphasized at three distinct levels: across the divide between theory and practice, across the four years of study, and across classes and disciplines. Both Millikin University and the Tabor School of Business take pride in merging theory and practice in education. Within the Tabor School of Business, classroom projects based on current issues, computerized competitive simulations, business consulting teams and internship opportunities are some of examples of active learning modes that make the course work relevant and challenging. The Introduction to Business course introduces freshmen to the themes that characterize each of the four years within the Tabor School Curriculum. The Tabor School advising model focuses on the student’s “Plan of Study” that is designed to facilitate the student’s understanding of the connections between his/her academic requirements, co-curricular experiences, and student-based learning opportunities. The third level of integration, across courses and disciplines, occurs at all levels of the curriculum. Faculty from each discipline emphasize shared concepts and relationships with other disciplines in each of the core courses. For example, one of the many connections between economics and accounting that faculty emphasize to sophomore students in Principles of Microeconomics and Principles of Financial Accounting is the way economists and accountants define, measure, and theorize about costs and profits. Inventory management concepts are taught in Finance 340: Introduction to Financial Management and Management 370: Production and Operations Management. Management 450: Business Policy incorporates concepts from all core courses through innovative pedagogies such as case studies and simulations. These linkages accelerate learning as well as provide a broader understanding business functions and the interrelationships and interdependencies. The Tabor Experience In support of its mission, the Tabor Experience provides students a stimulating teaching and learning environment, a well-qualified and student-oriented faculty, a curriculum with high intellectual standards and related educational activities. To deliver this experience, the faculty of the Tabor School value: • A student-focused, challenging and participatory environment. • Quality teaching and mentoring of students and graduates. • Responsible and engaged students. • Professional achievement. • Collaborative teamwork. • Creative partnering among faculty, alumni, and the business community. • An adaptive, entrepreneurial spirit. Tabor School Learning Goals The Tabor School prepares students for professional success, democratic citizenship in a global and diverse environment and a personal life of meaning and value. To achieve these goals: • Students will demonstrate competent application of business theory and concepts to practical situations in communities outside the formal classroom. • Students will communicate facts and ideas in written and verbal formats using language, grammar, and organizational skills appropriate to business situations. • Students will be actively engaged citizens using their education and skills to serve the community. • Students will experience an integrated and collaborative learning environment. • Students will demonstrate a strong sense of individual, leader, and team roles and responsibilities. • Students will discover the global nature of business, including immersion or familiarization with diverse cultures and cultural environments. • Students will apply those problem-solving and decision-making skills expected of entry-level business professionals. Tabor International Experience Study in another culture expands the depth and breadth of a student’s education more effectively than any other experience. Therefore, the Tabor School has set the goal of having as many as 35% of its graduates involved in a significant international experience. We believe the best way to accomplish this goal is for students to study abroad for either a semester or a summer session. For those whose other commitments make it difficult to go abroad for this length of time, we encourage international immersion courses and international service learning opportunities. Taking the language option in the MPSL curriculum is also a recommended choice.
Admission Requirements Students achieving junior status must meet Tabor School of Business admission requirements to be admitted into an upper division major program of study. Entry. Admission to the Tabor School as a freshman or sophomore is based on the candidate fulfilling the University’s admission requirements, stated in the Admission section of this catalog. In their first two years, Tabor School students complete courses to fulfill components of the MPSL and required business foundation courses. Major. Admission to a specific major in the Tabor School at the beginning of the student’s junior year is based on the student fulfilling established academic requirements. Students must complete a formal application for admission to the Tabor School in the semester in which they will complete a minimum of 54 credits. To be accepted into the Tabor School as a major, students must:
Students who do not meet these requirements will be denied admission. A student may be given one probationary semester to attain the cumulative or Tabor 2.50 GPA requirements. In the cases of students transferring into the Tabor School, probationary semester(s) may be granted while the student completes the course requirements for admission. Exceptions to this policy must be approved by the Dean of the Tabor School. Students who have not been formally admitted to the Tabor School will not be allowed to enroll in 400-level courses, and therefore will not be able to graduate with a business major. Graduation from Tabor Once admitted to the upper division, business majors must maintain the following standards to earn a Tabor degree: • a minimum cumulative grade point average of 2.50 and • a minimum 2.50 grade point average in all courses required for a Tabor School major • good standing in the University, and • demonstration of responsible behavior as expected in the professions the student is preparing to enter. Failure to maintain these standards, on the decision of the Tabor School Admission Committee, will result in the student being denied admission to any further 400-level business courses. Such students will receive a one-semester probationary period to attain the graduation requirements listed above. Failure to do so will cause the student to be dropped from the Tabor School. Minor. To complete a minor in Management, Economics, Finance or Information Technology, a student must maintain a grade point average of at least 2.50 in the required Tabor School courses. Failure to do so, on the decision of the Tabor School Admission Committee, will result in the student being denied admission to any upper division courses necessary to complete the minor. Students wishing to elect a minor must complete a formal minor declaration in the Tabor School. Transfer Credit. Business courses equivalent to those offered by Millikin University as lower-division courses may be transferred without restriction. A lower division course from a community college may be transferred for upper division credit if the student passes a proficiency examination with a grade of C+ or better. Transferred courses that are accepted to meet degree requirements must be essentially of the same quality as offered by Millikin University. Internship Program The Tabor Internship Program offers students still another avenue for integrating theory and practice. Within an internship, students practice skills and apply theories learned in the classroom and enhance their professional development in their major fields of study. The Tabor School is committed to providing internships that expose students to the various facets of a business professional position. The educational aspect of internships is crucial to the granting of academic credit and differentiates the internship from other work experiences. Hence, each internship is preceded by a learning contract articulating the goals, objectives, and scope of the experience. The contract is agreed to by the firm, the student, and the faculty advisor. The overall program is facilitated by a director who assists students in developing internships and builds relationships with cooperating firms. The responsibility for learning in an internship is shared by the student, the Tabor faculty advisor, and the organization receiving the services of the intern. The student is expected to provide a service of value to the business, the organization is expected to provide a breadth of learning experience to the student, and the Tabor faculty advisor is expected to help the student interpret the experience.
Tabor School’s Center for Entrepreneurship The Center for Entrepreneurship is the umbrella structure to support small businesses and to integrate business learning opportunities into the classroom. The Small Business Consulting (SBC) program in the Tabor School offers free, confidential counseling to small businesses while providing senior business students the opportunity to apply concepts learned in their college study. This SBC program makes use of business students who, as part of their academic curriculum, work in teams with selected businesses on specific management assistance projects. The Center for Entrepreneurship includes and works closely with the SCORE (Counselors to America’s Small Business) Chapter #296. SCORE is a volunteer organization of retired business executives who offer counseling to small businesses. Working collaboratively with student teams, SCORE members serve as mentors and advisors to the student teams. Involving SCORE members as advisors to the SBC teams also 1) provides students additional insight to client problems, 2) increases the amount of individual attention a student team receives, and 3) serves as an excellent source of local business history and business information. The Center’s programs are mutually beneficial to students and small businesses. Students have the opportunity to participate in a hands-on learning experience that encourages the application of classroom theory within the context of actual small business operations. For more information about Millikin University and the Tabor School of Business, visit Millikin’s web site at www.tabor.millikin.edu or call 217-424-6284. Business Curriculum Elements and Credit Requirements For the Bachelor of Science degree with a major in Accounting, Entrepreneurship, Finance, International Business, Management, Information Technology, or Marketing a student must complete all University Studies requirements and all degree and major requirements established by the Tabor School. Both sets of requirements may be satisfied by the student completing a 124-credit program of study. University Studies (43-45) Tabor School of Business Core (44) Tabor School of Business Major* (21) Non-Business Electives* () Free Electives** (0-3) Total (124) ** Free elective credits total 3 for all majors. University Studies Requirements (43-45) Interdisciplinary 140, University Seminar (3) Interdisciplinary 150, Critical Writing, Reading and Research I* (3) Interdisciplinary 151, Critical Writing, Reading and Research II* (3) Communications (CO 242 required for Tabor students) (3) International Culture and Structures (6-8) Quantitative Reasoning (Mathematics 120, Elem. Prob. & Stat., specifically required by Tabor) (3) IN 250 U.S. Studies (3) IN 251 U.S. Studies (3) Global Issues (3) Fine Arts (3) Natural Science (4) Tabor Distribution Requirements: Introduction to Computers, MS120 (3) and Business Writing EN 210 (3)
Tabor School of Business Core Requirements (44) Management 100, Introduction to Business (3) Management 111, Team Dynamics (1) Economics 100, Principles of Macroeconomics (3) Economics 110, Principles of Microeconomics (3) Management 211 Career Lab (1) Management 260, Business Law (3) Accounting 230, Principles of Financial Accounting (3) Accounting 240, Introduction to Accounting II (3) or Accounting 311, Management Accounting (3) Management and Information Systems 240, Organizational Information Systems (3) Mathematics 220, Statistical Methods Finance 340, Introduction to Financial Management (3) Marketing 300, Marketing Principles and Practices (3 Management 300, Principles of Management (3) Management 370 Production/Operations Management (3) Management 330, International Business (3) Management 450, Business Policy (3) Off-Campus Experience: All Tabor students must complete a 3-credit equivalent off campus experience. Students must choose from the following options:
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