BM101 Introduction to Agribusiness Production and Management
DESCRIPTION
This unit provides a perspective and understanding of the key components of agribusiness management principles and the application of economic principles, budgeting techniques, and principles of marketing and management strategy in an agribusiness context. The unit introduces the sequential stages of production from farm to market and the importance of their integration in agribusiness. This unit includes 30 hours of work integrated learning experiences for students.
RELEVANT COURSES
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Online
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
Nil
UNIT LEARNING OUTCOMES
LO1 Demonstrate knowledge of theories and practices in agribusiness production and management
LO2 Analyse and evaluate the steps of the application of a problem-solving approach to agribusiness management
LO3 Demonstrate a fundamental understanding of practical principles of organisation, management, economics, accounting, marketing, and laws as they pertain to agricultural business
LO4 Understand and synthesise the sequential stages of production in an agribusiness
LO5 Apply planning, organisational and management skills to an agribusiness from farm to market
CONTENT
Introduction to agribusiness: A global perspective
An introduction to agriculture production phases
Understanding the supply chain from farm to market
Marketing agriculture products
Competition and consumer demand
Organisational environments
Applied accounting and budgeting for agribusiness
Strategy and strategic planning
Capital budgeting
Optimisation of human resources
Planning and decision making in agribusiness
Managing agribusiness organisational structure
ASSESSMENT METHODS
1. Quizzes - 20%
2. Assignments - 40%
3. Exam - 40%
PRESCRIBED READINGS
Barnard, F. L., Yeager, E. A., Brewer, B., & Foltz, J. (2020). Agribusiness management. UK: Taylor & Francis
Check with the lecturer each semester before purchasing any textbooks