Tuck

First-Year Project

Kate Reiling T'09 Tuck's First-Year Project helped Kate Reiling T'09 acquire the business skills needed to take her game Morphology to market.

The First-Year Project course (FYP) is an educational experience in which teams of five Tuck students apply classroom learning to complex, real-world business challenges for clients. Under the guidance of an experienced faculty advisor, student teams learn practical consulting skills while their clients—ranging from early-stage startups to nonprofits to global industry leaders—benefit from the student’s experience and study at the leading edge of business education.

Global Economics for Managers
Global Economics for Managers will expand your knowledge of economics in two directions. First, expansion of the scope of inquiry covers the economics of the nation in a global economy. This portion of the course will cover international economics and macroeconomics. The focus of study will be on the larger economic forces that shape production, trade flows, capital flows, interest rates, exchange rates, and other variables that create the global economic landscape. The second direction is international microeconomics which will apply the tools of microeconomics and international economics to illustrate how globalization influences performance, strategy, and policy within firms. The ultimate objective is to help students develop a framework for analyzing both opportunities and risks in a global economic environment.

Leading Individuals & Teams
This course will provide students with conceptual frameworks for increasing individual and team performance. Topics include: understanding the dimensions along which individuals differ, identifying the key principles that foster high individual performance, learning when to structure work using teams, recognizing common pitfalls associated with working in teams.

Leading Organizations
The purpose of this course is to develop students’ effectiveness to lead at the executive level by (1) introducing them to frameworks that are useful for diagnosing organizational performance and (2) helping them learn how to exercise leadership through organizational culture, organizational design, organizational congruence, and effective change management.

Management Communication
This minicourse gives students the opportunity to improve their ability to communicate effectively as managers. Students examine and practice the communication strategies and skills that are essential for success in business. More specifically, the three course goals are to improve (1) understanding of and ability to apply communication strategy; (2) managerial writing ability; and (3) managerial speaking ability.

Managerial Economics
This course applies the ideas and methodology of economics to analysis of the firm, key decisions within the firm, and the industry. Topics covered include costs, pricing, competition, economic efficiency, and industry equilibrium and change. Particular attention is paid to behavior of the firm and industries when uncertainty and transaction costs exist. The course combines lectures/discussions of principles with cases covering both current and classic firm and industry dilemmas. Issues of public policy, especially regarding antitrust issues, are also covered.

Marketing
This course introduces students to the role of marketing within business firms. Through assigned readings, lectures, case studies, and a course project, students apply analytical concepts and techniques developed from a variety of disciplines to define, analyze, and solve marketing problems. Specific topics include consumer behavior, market segmentation, targeting, customer equity, brand equity, brand positioning, marketing research, product policy, pricing strategy, distribution channels, marketing communications, global branding, new product development, and social marketing.

Operations Management
Operations management is the systematic direction and control of the processes that transform inputs into finished goods or services. This course provides an introduction to the concepts and analytic methods that are useful in understanding the management of a firm's operations. The level of analysis varies considerably, from operations strategy to daily control of production processes, order fulfillment, and inventory.

Personal Leadership
The objective of this course is for students to develop an understanding of their strengths and opportunities for improvement as leaders and to use that knowledge to identify actions that will advance their leadership potential. The centerpiece of the class is a comprehensive assessment of each student’s leadership skills, based on confidential evaluations completed by former bosses, co-workers, peers, and clients before the class begins. At the end of the course, students will develop a Leadership Development Plan, a specific and measurable plan for strengthening their leadership skills.

Statistics for Managers
This course provides an in-depth introduction to statistics as applied to managerial problems. The emphasis is on conceptual understanding as well as conducting statistical analyses. Students will learn both the limitations and potential of statistics and how to interpret results. They will also gain hands-on experience using Excel as well as more comprehensive packages such as SPSS. Topics include descriptive statistics (central tendency, dispersion, skewness, and covariance), continuous distributions (especially the normal), confidence intervals for means and proportions, and regression analysis (model evaluation, coefficient evaluation and interpretation, prediction intervals, multicollinearity, omitted variables bias, indicator variables, and model building). Application areas include finance (for example, portfolio construction), operations (such as quality control), and marketing (for example, promotion and advertising response).