Fundamentals of Management
Area of Study
Business, Business Administration, Business Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Managing means serving, to be at the service of others, which implies making decisions
by exercising functions of arbitrage, while equilibrating the interests of multiple groups.
Maintaining this equilibrium demands a great deal from management, especially in
contemporary contexts, where new demands come from all sorts of stakeholders,
affecting the foreseeable future of the organization.
As a result, to serve well, is imperative to decide well, which is why the essence of
Management has to do with decision making, and decision making implies being
exposed to multiple judgments, but above all, it means being able to discern, with clear
and solid criteria, the reason for acting or omitting action in specific moments. The
questions we must then ask are: How to decide? For whom and why are decisions made? What times or contexts should be prioritized?
The ethical exercise of Management implies that “good” decision making transcends the
simple economic criteria of efficiency, rational optimization of resources and satisfaction
of material needs. Thorough decision making processes require considering the
inherent complexity of the existence of multiple contexts that are multidimensional and
temporary in space and time. It also demands attention to all individuals, interests and
moments. When we discover the magnitude and multiple senses of the real and potential impact
of business activities, in different social, organizational and individual spheres, is
important to sensitize people who would be involved in Management in a way that they
can become aware of the motives and consequences of their decisions and actions in
all possible dimensions.
Based on these previous statements, the course “Fundamentals of Management” is
part of the complementary educational cycle of the International Business program in
EAFIT. By definition, is a course based on concepts, reflections and practices related to
the organizational context of management. The course aims to cultivate in future
professionals an integral education and good judgment in decision making.
In hopes of realizing the Mission, Vision and Values of EAFIT, this course pretends to
give International Negotiators the conceptual tools necessary to be excellent,
responsible, integral, bold, tolerable and respectful professionals, capable of conceiving
holistic visions and face complexity, while they remain curious and anxious to learn.
The groups of subjects that guide the development of the course allow the students to
understand the nature of management and organizations: background; historic context
that explain its emergence and development; elaboration of methodological nodes,
practical and conceptual, that have given birth to administrative and organizational
knowledge. The core of analysis that articulates all subject of study is constituted by the
relation between the ideas of men, work and organization.
By being thought in the first semester, the course aims to give students the opportunity
to become familiar with the complexity of the profession and recognize the importance
of interdisciplinary actions, while they learn to discover the value of other people's
value, talents and competences.
In addition to introducing the multiple problems and topics that would be studied in
future courses along the undergraduate program, the course offers a broad and
dynamic view about Management in the professional field, it also provides knowledge
about the axiological and ontological dimensions.
In other words, the course introduces student to the multiple fields of action of
Management, and familiarizes them with the fundamental responsibilities of planning,
organizing, directing/leading and controlling, beyond the instrumental perspective to
assume a reflective position in face of these tasks.
With the ethical education related to the field, the course intends to give the student
vocational and attitudinal meta-learning experience that will give the students the tools
necessary to avoid academic desertion.
For instance, the activities carried out in the course lead to an insertion into University
dynamics, practice of intellectual productions with consideration of copyright,
educational research, the implementation of ICT in learning processes, familiarity with
possibilities and flexibilities within the program structure (to date, there are over 14 lines
of emphasis, dozens of complementary subjects, electives within the Institutional
Educational Core, exchange opportunities, connection with post-grad programs, etc.).
Through diverse pedagogical strategies the course is also a channel of vocational
reflection, in such a way that the participants can contrast, deconstruct and re-construct
their aspirations, relations with others, with the profession and with themselves, to
better project their educational process and their professional future.
Finally, in line with the meta-learning experience pointed out previously, the course will
also develop in the student competences aligned with the SaberPro test. In general, we
expect students to advance in their processes of critical reading, formal writing, use of
English, analyzing and solutions of quantitative problems (e.g. use of spreadsheets).
Specifically, the course would provide tools to do organizational analysis, financial
analysis and understand international contexts.
After studying and approving the course each student will be in a position to:
Understand the nature of multiple contexts of action and functions of Management.
Philosophically and critically explore the different dimensions of Management:
praxis, episteme, axiology and ontology.
Perform activities of educational research, critical reading, writing, interpretation of
quantitative problems and use material of study in English.
Recognize and know university dynamics by being familiarized with the challenges
of the profession in a way that allows him/her to give potential to his/her academic
Learn to learn within the context of ontological practices, knowledge, values and
expressions of Management.
Explore academic activities to develop the managerial skills acquired within the
course, in order to sensitize and contribute to the enactment of the Global Goals,
adopted by the United Nations.
Midterm 1: 15%
Midterm 2: 15%
Follow Up: 40%
Final Exam: 30%
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