Robert J. Trulaske Sr., College of Business, University of Missouri

Management Department

Students studying in the Cornell Hall atrium.

Management Department

The Management Department prepares students to be leaders in innovative, entrepreneurial and technology settings: in large established firms, small and medium sized growth businesses, and entrepreneurial startups.  We contribute scholarly research and innovative instructional programs addressing cutting edge organizations, creativity, new forms of organizing, flexible and nimble organizations, and organizations in the information age and the idea economy.  We are organized into three groups of faculty with diverse expertise and talents.

  • The Innovation, Organizations and People (IPO) group focuses on how human behavior, human resource management and communications supports innovation and entrepreneurship in organizations.
  • The Information Systems, Analytics and Technology (ISAT) group focuses on information systems, supply chain management, business analytics and the management of technology.
  • The Strategy, Innovation, and Entrepreneurship (SIE) group focuses on the organization as a whole — building new organizations from idea to business, as well as keeping medium and large organizations nimble, innovative and entrepreneurial in the global economy.

Students earning an emphasis in management will learn the skills and tools needed to lead successful organizations from projects to departments and small businesses to global enterprises. Management coursework at Mizzou is diverse because managing today and in the future requires a diverse set of knowledge, skills and abilities: entrepreneurial strategy, human resource management, human behavior in organizations, information systems/analytics, operations management, business law, diversity and inclusion and leadership and ethics.



Show Me: Our Points of Pride


Programmatic Innovation: We Lead the Way in Innovation & Entrepreneurship Management Experiential Learning
 

Fall & Spring: Management 4720/8001 Experiential Entrepreneurship is open to all MU students, with instructor consent (contact bierg@missouri.edu). This course engages students in experiences that develop entrepreneurial characteristics such as a passion for business, tenacity despite failure, self-determination, management of risk, self-confidence, opportunity creation, creativity, initiative, and detail orientation.

Students explore personal opportunities in various areas of business startups, franchises, and family run businesses. Students engage in discussions with entrepreneurs, who share their success stories along with their cautionary tales and answer questions from students. Speakers represent a variety of industries as well as different phases of a business life cycle. A key aspect of entrepreneurial growth is networking, so students attend luncheons with executives to gain confidence to approach business people for support, advice, and employment opportunities.

Spring Semester: MGMT 8200: Commercialization of Life Science Innovations is open to all MU graduate students.  Students enrolled in this course join innovative researchers in Coulter Boot Camp where students and researchers work together to confirm that the researcher’s innovation 1) solves an important unmet clinical need and 2) represents a viable business opportunity.

Students learn the principles of biomedical commercialization while helping move an actual MU innovation closer to market.  With students helping build the business case for why their project should receive a Coulter Award, the researcher inventors are able to make a more competitive pitch for Coulter funding.  The result is a win-win for both students and researchers.

During Coulter Boot Camp, the combined researcher-student teams are guided through a series of lectures and interactive exercises, to pressure-test the commercial viability of the researchers’ ideas using universal business criteria as well as the unique requirements of biomedical product commercialization. This includes identifying and talking to stakeholders affected by adoption of the ultimate solution and to understanding stakeholder pains and gains from the envisioned solution. It also includes determining the size of the market opportunity, the advantages the solution offers over existing solutions to the problem and much more. 

By the end of Boot Camp, the teams pitch their project to the Coulter Oversight Committee, a group of industry representatives, investors, clinicians and academic researchers that selects the projects that will receive Coulter Awards. Coulter Awards include non-dilutive funding as well as project management oversight, custom marketing, regulatory and reimbursement support, and introductions to potential customers, partners and investors. The typical Coulter award is $100,000. The Coulter Program awards approximately $500,000/year. 

Management 8550 winners

Fall Semester: Management 8550: Launching a High-Growth Venture is open to all MU graduate students.  It develops entrepreneurial leaders with the sophistication required to participate in the launch of a high-growth venture; particularly the skills for evaluating, preparing and presenting business plans and capital investment requests to investors.
 
Teams participate in the Show-Me Business Plan Competition® for the Eldridge Award, which includes a cash prize of $5,000. Teams may be selected or may elect to participate in regional and national venture competitions.  Teams that carry their venture forward in mid-Missouri qualify for support from the Missouri Innovation Center and are eligible for consideration as tenants of the MU Life Science Business Incubator at Monsanto Place.
 
Why should you enroll in this course?  We get results!  

  • Nine student teams have won $5,000 to use however they want
  • All our teams that applied to the Rice Business Plan Competition, have been accepted (on average, only 5-6% of applicants are accepted)
  • One team was accepted into the VentureWell E-Team Program (Stage 1 & Stage 2)
  • Several students were hired by the companies to serve as CEO, COO and other key roles
  • The companies went on to raise 10’s of millions in angel/venture capital

2017 AACSB’s Entrepreneurial Spotlight Challenge Winner:

Our Entrepreneurship Alliance program, led by Greg Bier, was recognized for our commitment to fostering creativity, problem solving and an innovative mindset required of future business leaders. Way to go, Greg!

 

We Lead the Way in Research: 
 

Congratulations to Dr. Timothy MoakeNahyun Oh, and Clarissa Steele for winning the Douglas Nigh Award at the annual Academy of Management conference. The Douglas Nigh Award is presented each year for an interdisciplinary paper focused on international management. Their paper, titled Age-based social status, team safety climate, and innovation: Overcoming culture with team effects, discusses how teams in a Confucian culture can elicit more innovative behavior from all team members by creating respect and trust within the team. Tim graduated from the University of Missouri's Trulaske College of Business in management in May 2017 and is currently an assistant professor at Middle Tennessee State University.  Nahyun, a doctoral candidate in management at the University of Missouri, is currently completing her dissertation and expects to graduate in 2018. Clarissa is a third-year doctoral student in management at the University of Missouri. Clarissa also won an Outstanding Reviewer Award at the conference.

Congratulations to Dr. Xinran Joyce Wang, Visiting Assistant Professor in Management, for winning the Best Student Paper from the Social Issues in Management (SIM) division of the Academy of Management for her paper entitled “From home-country shared grievances to cross-border social disapproval: Social media coverage, national animosity, and nationalism as integrated mobilizations” [with Rhonda Reger (Management Department), Wei Zhou (Tennessee) and David Williams (Tennessee)]. This paper explores Multinational Corporations’ negative social media reputation in host countries following negative events in the home country.  They found that greater, more emotional, and faster twitter and blog reporting about negative events in the home country led to faster, hotter, and more social disapproval in host countries, especially when animosity between the two countries and nationalism in the host country are high.  The advent of twitter and other social media means that negative reputation spreads worldwide faster than ever. 

Gay Albright, Director of International Relations, Robert J. Trulaske, Sr. College of Business at the University of Missouri, Larry Dill, Director, MU International Trade Center/MO SBTDC and adjunct instructor in Management, and Jackie Rasmussen, International Trade Specialist, MU International Trade Center/MO SBTDCpresented Creatively Partnering and Leveraging Resources to Build Client Value at the 2017 Americas Small Business Development Center Annual Conference in Nashville. Successfully building new partnerships and leveraging resources has enabled the MU International Trade Center and the MO SBTDC to increase capacity and enhance the value of the export assistance provided to clientele. Meld together aligned missions that support education and learning, economic growth, business, and student engagement, and you have the building blocks to create a win-win partnership. This session provided insights into the dynamics of building a successful partnership, the creation of a robust and integrated student internship program, and the development of a global market research process that positions clientele to make informed global market entry decisions. Presenting at this conference spreads our economic impact news with federal and state international trade representatives as well as other trade educators. 

Our Goal is to become a top 20 management department in research and program innovation focusing on the management of innovation, entrepreneurship and technology.