1. NAME OF COURSE  / MODULE Introduction to Business
2. COURSE CODE MGA1013
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This course provides students with a basic foundation for business discipline, as introduction for Entrepreneurship courses. This course will facilitate students with skills to explore business plan before performing the actual business activity.
5. SEMESTER & YEAR OFFERED Semester 2 / Year 1
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P O
28 23 7

L=lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

121
7. CREDIT VALUE 121/40 = 3.025 (3 credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1.   To provide student with basic business elements, key concepts and theories, both from Islamic and conventional perspective.

2.   To expose students with the current business environment through the industrial visit.

3.   To enable students to identify a Muslim Business role model, opportunities and challenges of business in Islamic perspectives.

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1. Explain and differentiate business elements, functions and, roles from Islamic and conventional perspective (LO1-C2).

2. Analyze and develop report based on the current business environment in general and local context through industrial visit by group (LO3-CTPS3).

3.  Identify a muslim entrepreneurs as a role model, opportunities and challenges in business. (LO6-EM2 )

11. TRANSFERABLE SKILLS Student should be able to develop a background of business foundation, and necessary skills to develop a good business plan through a process of lectures, tutorial, tutorial activity, group assignment and industrial visit.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning strategy:

·  The course will be taught through a combination of formal lectures, tutorial activity, group work, using authentic materials, informal activities and various sources. Practical experience and collaborative teamwork will be fosters throughout the course. The use of examination and assignment assessment will assess the student’s ability to apply theoretical concept in context.

Assessment strategy:

·   Formative

·  Summative

13. SYNOPSIS Business and entrepreneurship are the main components of Muamalat, and is recognized as fard kifayah. The ummah are encouraged to accumulate wealth through permissible business activities. Because of that, they should have knowledge and skills to enable them to be involved in business activities and achieve the success as Muslimpreneurs. This subject aims to enhance students’ understanding on the importance of business and factors lead to the business success. Thus, students will be exposed to business objectives, all types of the existing business structure and its environment, and; functions of management such as planning, organizing, implementing and controlling in all area of business management (production, operation, marketing, human resource and IT). This course will be conducted through lecture, tutorial, group assignment and presentation.
14. MODE OF DELIVERY Lectures and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 50
Final examination 50
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
TOPIC Lecture Tutorial Test/Quiz/Exam Assignment Assessment (Library Search) Self-study Total
Introduction to economics and business from Islamic perspective and, the business environment 4 2 6 12
Riba, gharar, maysir and other prohibitions 2 2 3 7
Structure of business ownership, Entrepreneurship and business plan 4 2 6 12
Management and its functions (planning, organizing, staffing, directing and controlling) 4 2 6 12
Productivity and quality, & Motivating the workforce 4 2 6 12
Managing the workforce 2 2 3 7
Pricing products & Product distribution and promotion 2 2 3 7
Accounting, zakat and financial analysis, 4 2 6 12
Expanding business 2 2 3 3
Continuous Test/Quiz/Assessment 4 3 8 15
FINAL 3 9 12
TOTAL 28 24 7 3 17 42 121
17. REFERENCES Main reference:

1.     Nickels, et al. (2012), Understanding Business, Tenth Edition, Mc Graw-Hill.

 

Additional references:

1.     Syed Ghazali Wafa et. al. (2005), Pengantar Perniagaan Islam, Prentice Hall.

2.     Nuradli, et al. (2008), Introduction to Muamalat:, Kuala Lumpur: Mc Graw-Hill.

3.     Ferrel, Hirt & Ferrel. (2009), Business: A Changing World, McGraw-Hill.

4.     Nik Mohamed Affandi (2002), Islam & Business, Kuala Lumpur: Pelanduk Publication

5.    Madura, Jeff (2007), Introduction to Business, Thomson. Mason.

 

Mapping of the course/module to the Programme Learning Outcomes

TOPIC Contact hours

(week)

Lesson Learning Outcome

(Students are able to…)

CLO KI Teaching & Learning Activities Assessment Tasks
TOPIC 1: Introduction to economics and business from Islamic perspective and, the business environment: (Ch 1, Ch2, Ch 3,: Nuradli et. al. & Ch.1-4 Nickels)

Ø  Islamic Economic system and philosophical background as a basis for business discipline

Ø  Capitalism and welfare system

Ø  The relationship between Islamic economics and business disciplines

Ø  Principles of Muamalat; consist of the positive attributes and the main prohibitions

Ø  Principles of investments

Ø  Managing Business ethically and responsibly

 

6

(W1-W2)

i.      Explain the Islamic economic system and its foundational background

ii.     Explain and differentiate the Islamic economic system, capitalism and welfare systems

iii.    Explain business elements, functions and, roles from Islamic and conventional perspective

LO1 C2  

o Lecture

o Discuss the tutorial activities and the roles of students based on an outline

o Tutorial activity:  Hierarchy Needs, based on Imam al-Ghazali and Abraham Maslow

– na –
TOPIC 2: Riba’, gharar, maysir and other prohibitions

Ø  Definition of Riba’, gharar, maysir

Ø  Classification of riba’

Ø  Riba’ from the economic overview

4

(W3)

i. Explain the main prohibitions and encouragement in business activities

LO1 C2 o Lecture

o Tutorial activity:  Hierarchy Needs, based on Imam al-Ghazali and Abraham Maslow

-na-
TOPIC 3: Structure of business ownership, entrepreneurship and business plan

(Ch. 6 Nuradli et al. , Ch. 5 &6 Nickels, et al. (2012))

Ø  Partnership based-contracts in Islam; mudarabah and musharakah

Ø  Existing ownership business structure; sole proprietorship, partnership, corporation, franchising and others (joint venture, mergers etc.)

Ø  Concept of entrepreneurship, Entrepreneurship decision process

Ø  Elements included in business plan, business background, marketing plan, operational plan, financial plan, proforma financial statements

8

(W4 )

i.      Explain the partnership based-contract from Islamic perspective

ii.     Explain the existing structure of business ownership

iii.    Explain business elements, functions and, roles from Islamic and conventional perspective.

LO1

LO8

C2

KK2

 

o Lecture

o Form a group of 5:

List model of Muslimpreneurs and their attributes

o Article searching via internet

Individual Assgn : Article Review

TOPIC 4: Management and its functions (planning, organizing, staffing, directing and controlling) (Ch. 8 Nuradli et al. , Ch. 7 & 8 Nickels, et al. (2012))

Ø  Islamic principles in management

Ø  Functions of management

Ø  Management skills

Ø  Organizational structure

 

6

(W5-W6)

i.      Explain Islamic principles in management

ii.     Explain function of management and organizational structure

iii.    Understand the current business environment in the general and local context through industrial visit.

LO1 C2  

o  Lecture

o Industrial Visit

 

-na-

TOPIC 5: Productivity and quality & Motivating the workforce

(Ch. 9, Ch. 10 Nuradli et al. , Ch. 9 Nickels, et al. (2012), Nuradli et al.)

Ø  Resources in production process

Ø  The process of choosing the site

Ø  Design layout

Ø  Purchasing material

Ø  Improving efficiency

Ø  Value of motivation

Ø  Motivation theories

Ø  Job satisfaction and motivation

8

(W7-W8)

i.      Explain elements related to productivity and quality

ii.     Apply the process of developing Business Plan: Market analysis

iii.    Explain business elements, functions and, roles from Islamic and conventional perspective.

iv.    Understand the current business environment in the general and local context through industrial visit.

v.     Develop a report on the industrial visit.

LO1

LO4

C2

CS3

o  Lecture

o  Developing the questionnaire for the purpose of market analysis: Demonstrate the example.

o  Discussion: What information did you get from Industrial Visit?

Industrial Visit

TOPIC 6: Managing the Human Resources

(Ch. 11 Nuradli et al., Ch. 10-12, Nickels, et al.)

Ø  Human resource planning

Ø  Equal opportunity

Ø  Compensation and reward

Ø  Development skills

Ø  Employee performance

 

4

(W9-W10)

i.       Explain elements related to human resource management

ii.      Understand the current business environment in the general and local context through industrial visit.

iii.     Develop a report on the industrial visit.

LO1

LO4

C3

CS3

o  Lecture

o  Discussion: What information did you get from Industrial Visit?

Report from Industrial Visit

-Peer review

TOPIC 7: Pricing products, product distribution and promotion

(Ch. 12 Nuradli, Ch. 13 Nuradli et al.,Ch. 13-16, Nickels, et al.)

Ø  Identifying a target market

Ø  Product differentiation

Ø  Pricing products and services

Ø  Channel of distribution

Ø  Degree of market coverage

Ø  Distribution of process products and services

Ø  Promotion, advertising, personal selling etc.

Ø  Target market

8

(W11-W12)

i.      Explain target market and the process of positioning products and services

ii.     Construct business plan by group.

iii.    Present business plan

iv.     Explain the process and mechanisms of product distribution and promotion

v.     Develop business plan by group.

vi.    Present business plan

LO1

LO4

C3

CS3

o  Lecture

o  Presentation: Business Plan

-Demonstrate the products or prototype

-Business Plan
TOPIC 8: Accounting, zakat and financial analysis,financing

(Ch. 15 Nuradli, Ch. 16 Nuradli et al. Ch. 16 Nickels, et al.)

Ø  Functions of accounting

Ø  Understanding financial statements

Ø  Understanding Ratio analysis

Ø  Types of zakat , conditions and calculation of zakat on business income

Ø  Types of financing: debt financing, equity financing etc.

Ø  Islamic based-financing

8

(W13)

i.      Explain application and functions of accounting, financial statements and ratio analysis

ii.     Construct business plan by group.

iii.    Present business plan

iv.    Understand and explain types of financing to set up and expand business

v.     Construct business plan by group.

vi.    Present business plan

LO1

LO4

C3

CS3

o  Lecture

o  Presentation: Business Plan

-Demonstrate the products or prototype

-Business Plan
TOPIC 9: Expanding business

(Ch. 17 Nickels, et al.)

Ø  Investment decision

Ø  Merger and other forms of restructuring businesses

4

(W14)

i.      Understand the process of making decision to expand business

ii.     Understand the different approaches of expanding business through restructuring

LO1 C3 Discussion on questions n.a