Integrative Business Experience

Integrative Business Experience, or IBE, is an interactive program at the University of Central Missouri that allows students to collectively work together and learn what structures a business.  There are three classes taught that coincide with this program:  Marketing, Computer Information Systems, as well as a Management.  Students are divided into separate companies and then apply the information learned throughout these courses in hopes of creating a successful business.  Is this a legitimate business?  The answer is yes.  We must brainstorm several products, determine what will best hit our target market, get a loan through the bank, contact a supplier, and sell our product to turn profit.    

Handling Revenue and Profit

Our company, Mo Undercover, has a very detailed inventory and controls system set up so we know how many units are sold and who has position of remaining supply.  Revenue is collected every Monday, Wednesday, and Friday and deposited into the company account at the back.  From there we proceed to pay our utilities for our office and make payments to the supplier.  Once we turn a profit, we are giving straight back to the Warrensburg community.  We have come up with a budget to help support two charities.  Therefore, no one gets a salary for we feel it is going to a greater good.