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PRAC 136 Course Syllabus

Department / Subject Code:

PRAC
Course Number:

136
Semester & Year:

Spring 2013
Course Title:

Entrepreneurial Pharmacy Practice
Instructor(s) and Contact Information:

David Collum, M.S.P., and Guest Presenters   dcollum@pacific.edu; 209.946.2073

Location(s):

PHS 111

(ex: April 30th PHS 112)
Units:

2
Lecture Hours per Week:

2
Lecture Weeks per /Semester:

14
Total Number of Weeks:

14 weeks (1 semester)
Laboratory Hours per Week:

0
Laboratory Weeks per Semester:

0
Maximum Enrollment per section:

50
Discussion Hours per Week:

0
Discussion Weeks per Semester:

0
Experiential Hours per Week or per Semester:

0
Experiential Weeks per Semester:

0

 

Course Description:

An overview of entrepreneurship in general, the traits of an entrepreneur, current topics in entrepreneurship with a specific focus on pharmacy practice and patient care programs.  This course will teach the participants a comprehensive set of critical skills needed to develop a profitable business project.

Course Prerequisites:

Successful completion of (passing grade in) of PHRM 111, Pharmacy Practice and Professionalism.

Preference will be given to students enrolled in the Entrepreneurial Program

Teaching Methodology, Textbook, Teaching& Learning Resources:

Lectures; discussions, reading and writing assignments.  Email mentoring program, special events and projects.  Guest speakers.

REQUIRED TEXTS:

The Innovator's DNA

Jeff Dyer, Hal Gregersen, and Clayton Christensen, Harvard Business Review Press

ISBN # 978-1-4221-3481-8
Blogs, e-journals, and supplemental readings posted on Sakai.

 

Evaluation Methodology and Grading:

Attendance is expected / X required at all class sessions.


Evaluation Methodology:

The University Honor Code is an essential element in academic integrity.  It is a violation of the Honor Code to give or receive information from another student during an examination, to use unauthorized sources during an examination, or to submit all or part of someone else's work or ideas as one's own.  If a student violates the Honor Code, the faculty member may refer the matter to the Office of Student and Professional Affairs.  If found guilty, the student may be penalized with failure of the assignment or failure of the course.  The student may also be reprimanded or suspended from the University.  A complete statement of the Honor Code may be found in the Student Handbook, "TIGER LORE".

 
Attendance is required at all class sessions.


Class assignments may be retained by the instructor to assess how the learning objectives of the course are met.


The instructor may be contacted during office hours or ___x_ by email,  ___x_ phone,  or   ___ via Sakai

Pagers, cell phones, programmable, alpha-numeric, and/or graphing calculators and any other devices able to hold alpha-numeric content are not allowed in any testing area.  No exceptions.  Violations will result in a course grade of "F".


 Weighting of Assignments:
  • Mid Semester Project     20%  There will be one mid semester project worth 20%
  • End Semester Project    20%   There will be an end semester project worth 20%
  • Assignments                   40%   Assignments will be class materials related, and may involve either brief written submissions, or brief in class presentations.
  • Note:  Assignments and Projects are considered to be "open book", including notes, readings, and other resources.  Students are encouraged to seek the best resources to substantiate their work.
  • Attendance                    10%
  • Class participation       10%

Assignment of Grades:

A             90-100%

B             80-89%

C             70-79%

D             65-69%

F               0-64%

 
Pagers, cell phones, programmable, alpha-numeric, and/or graphing calculators and any other devices able to hold alpha-numeric content are not allowed in any testing area.  No exceptions.  Violations will result in a course grade of "F".

Class assignments may be retained by the instructor to assess how the learning objectives of the course are met.

 

Additional Information:

Contacting the Instructor(s)

The instructor may be contacted during office hours or ___x_ by email,  ___x_ phone,  or   ___ via Sakai.

Contact information is provided above.
 

       Accommodations for Students with Disabilities:

Any student who seeks accommodations for a disability must contact the Director of the Office of Services for Students with Disabilities (SSD) for information on the evaluation and accommodation process and requirements.  If the Office of Services for Students with Disabilities qualifies the student for accommodations, the student must meet with the course coordinator within the first two weeks of the semester to discuss and agree upon the nature of accommodations for the course, unless accommodations are evaluated and granted during the current semester.  Accommodations are not retroactive.  The Office of Services for Students with Disabilities is located in the McCaffrey Center, Rm. 137.  Phone:  209-946-3221.  Email: ssd@pacific.edu.  Online: www.pacific.edu/disabilities.

 

 

Course Goals:

The goals of this course are to:

1.       Provide students with the skills needed to demonstrate innovation and entrepreneurship in pharmacy practice.

2.       Enhance student entrepreneur abilities through interactions with an "expert" pharmacy entrepreneur.

 

 

Course/Learning Objectives:

At the completion of this course, students will be able to:

1.       Describe the characteristics of successful entrepreneurs.

2.       Choose the most appropriate methods to monitor the status of pharmacy and healthcare entrepreneurship.

3.       Demonstrate entrepreneurship by assessing opportunities, comparing markets, evaluating channels of distribution, developing operations plans, and describing effective methods to raise capital, manage legal issues, and build a team.

Demonstrate the use of financial and managerial accounting methods when using financial statements by interpreting financial statements, and making appropriate decisions based on them.

 

 

The following general categories of Doctor of Pharmacy program performance objectives are met in a meaningful manner by this course.

__           Possess and apply pharmaceutical sciences knowledge

x              Perform pharmacist directed patient care

x              Practice in pharmacy and health care environments

x              Promote public health

x              Demonstrate professionalism, communication & interaction abilities

x              Problem solve and continue to learn

 

The following categories of University Learning Objectives are met in a meaningful manner by this course.

x              Major Field Competence

x              Critical and Creative Thinking

x              Communication

x              Collaboration and Leadership

__           Intercultural and Global Perspectives

__           Ethical Reasoning

x              Sustainability

 

 Topics, Activities, Tentative Schedule, etc.:

Entrepreneurship: definitions, characteristics of successful entrepreneurs
Behavioral Skills for developing entrepreneurial ideas
Model for generating innovative and entrepreneurial ideas

Business plans, feasibility studies
Market Research and Analysis

Cash Flow Planning
Cash Flow Analysis

Income Statements
Break-Even Analysis
Budgeting and Assumptions

Dealing with Banks
Loan Proposals
 
Financial Performance
Financial Statements
Ratio Analysis, Cause and Effect
 
Management Skills, Team Building, and Motivation
Human Resources Requirements and Management
Business Insurance, Continuity Planning, Risk Management
Growth Financing and Control
 
Determining the Best Vendors, Channels of Procurement and Distribution.

Operations and Logistics
Workflow Evaluation, Floor Plans and Layout of Businesses

Cost-Volume-Profit Relationships
Percent of Sales
Financial Gap Analysis

Credit and Collections
Legal Issues Facing Small Businesses
Branding, Copyright, Patents

Exit Strategies.

An updated, detailed schedule will be provided each semester.