Maricopa Community Colleges  MGT203   19956-19965 
Official Course Description: MCCCD Approval: 06/27/95
MGT203 19956-19965 LEC 3 Credit(s) 3 Period(s)
Fundamentals of Economic Development for Indian Tribes
Provides a practical understanding of the economic development process. Examines ways in which development can be initiated and financed. Focuses on how budget systems can be used as management tools. Reviews fundamentals of proposal writing and budget management for grants. Prerequisites: ACC230 or permission of instructor.
Go to Competencies    Go to Outline
 
MCCCD Official Course Competencies:
 
MGT203   19956-19965 Fundamentals of Economic Development for Indian Tribes
1. Define economic development and describe its value to a tribe. (I)
2. Identify and describe the basic types of economic development. (I)
3. Identify and review major considerations associated with economic development. (I)
4. Identify and describe the major steps involved in planning an economic development project. (II)
5. Describe the basic steps involved in implementing an economic development plan. (III)
6. Identify and describe the fundamentals of managing a profitable economic/business enterprise. (IV)
7. Identify and describe common causes of failure associated with economic development projects. (IV)
8. Review the advantages of diversification in the economic development process. (IV)
Go to Description    Go to top of Competencies
 
MCCCD Official Course Outline:
 
MGT203   19956-19965 Fundamentals of Economic Development for Indian Tribes
    I. Introduction to Economic Development
        A. Definitions
        B. Impact and Value to the Tribe
        C. Types of Economic Development
          1. Infrastructure
          2. Natural Resources
          3. Industrial
          4. Business and Commercial
        D. Major Considerations
          1. Short and Long Term Impact
          2. Suitability
          3. Opportunity Costs
          4. Community Support
          5. Keeping Dollars in the Community
      II. Planning for Economic Development
          A. Community Involvement
          B. Present vs. Future Impact
          C. Needs Assessment
          D. Resource Inventory
          E. Review of Project Possibilities
          F. Time Projections
          G. Setting Priorities
        III. Implementing Economic Development
            A. Feasibility Studies
            B. Business Plan
            C. Budget and Finance
              1. Seed Moneys
              2. Grant Moneys
              3. Proposal Writing
              4. Budget Development
              5. Accounting Practices
            D. Forms of Organization
            E. Boards of Directors
            F. Management
            G. Marketing
          IV. Managing for Long-term Success and Profit
              A. Profitability
                1. Recovering Investment Costs
                2. Profits for Reinvestment
                3. Investment Capital for New Enterprises
              B. Managing by Objectives and Budget
                1. Budgets as Management Tools
                2. Measurable Objectives
                3. Records and Review
              C. Common Causes of Failure
              D. The "Portfolio Effect"
                1. Definition
                2. Consequences
                3. Importance of Diversification
          Go to Description    Go to top of Competencies    Go to top of Outline