Peru State College Online

Online Master of Science in Organizational Management: Entrepreneurial and Economic Development

Program Overview

Your Dollar Works Harder at Peru State's Online M.S. in Organizational Management: Entrepreneurial and Economic Development

Some people are happy to build their careers within the typical corporate structure, but some are driven to create something new — something of their own. The online Master of Science in Organizational Management (MSOM): Entrepreneurial and Economic Development at Peru State will give you the skills to turn your entrepreneurial drive into fruitful business initiatives.

The MSOM: Entrepreneurial and Economic Development will cover the key topics you need to know to start a career as an entrepreneur — from core organizational management strategies and practices to theories of entrepreneurship and new venture financing. You'll be transformed into an independent strategic leader with the expertise to launch any venture. You'll even have the opportunity to actively pursue entrepreneurial projects during your degree, thanks to required action research projects. With an MSOM: Entrepreneurial and Economic Development degree in hand, you'll have all the skills needed to turn your dreams of a successful career into reality.

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Nationally Recognized
For Affordability

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$13,680 Program Cost

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36 Credit Hours

Develop the Skills to Become a Successful Entrepreneur at Peru State

The MSOM: Entrepreneurial and Economic Development isn't your typical organization management degree — it's specifically designed to empower you to make your aspirations as an entrepreneur a reality. On top of the material covered in the core organizational management curriculum, you'll learn about:

  • Social and individual perspectives around entrepreneurial activity
  • E-commerce business modeling and systems
  • Economic evaluation techniques that help you make more informed financial decisions
  • The political and social aspects of economic development


Low Tuition, Top-Value Education

Per credit hour

One Rate
For any state

Free Application
No other per-credit hour fees

At Peru State College Online, we take it all seriously — including your education investment. Our students work hard on their education, so we do our part to make it as affordable as possible.

Peru State College's approach of providing high-quality education at a competitive cost works well for both you and us, earning our college the distinction of being a Top ROI, Best Buy and Best Value.

Our MSOM program has been showcased specifically for affordability, rated seventh on's “Most Affordable Master's in Entrepreneurship” list and one of the top five most affordable online master's programs in entrepreneurship by

What's our secret? No surprises here …

  • At a lean $380 per credit hour, our low, “one-rate, any-state” tuition simplifies things, with no other per-credit-hour fees to worry about.
  • Other cost-friendly options are available, too, like transfer credit, financial aid, and corporate or military tuition assistance, if applicable to you.
  • Finally, it's free to apply.

Less financial stress for you, enormous pride for us. Ready to make the most out of your education dollars? At Peru State College Online, you'll find transformative education offered affordably, for you.

Academic Support

An Engaged Online Community

With no physical boundaries, Peru State College's rich tradition of community on campus easily extends to our family online. You will immediately feel welcome among our circle of faculty, staff and distance learners like you.

  • Our knowledgeable instructors are experts in teaching online. Easily accessible, they include 1:1 faculty interaction, discussion boards and video conferencing as part of your experience.
  • You'll advance alongside others with similar aspirations, and benefit from knowledge sharing and motivating mutual support.
  • Free online tutoring and career services are just a few bonus features that help keep your eye on the prize.
  • And to help ensure a top-notch educational journey, your student advisor will be by your side, offering encouragement and keeping you right on track to graduation.
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Simple, Clear Application Process

Whether you'd like a little help from us or prefer to get started on your own, your journey at Peru State College Online begins with a smooth — and FREE — application process.

  • STEP ONE. Complete the Application for Admission (FREE)
  • STEP TWO. Request your official college transcripts (not required if you are transferring a bachelor's degree from Chadron State College or Wayne State College)
  • STEP THREE. Provide two recommendation forms (preferably from a supervisor/principal and coworker), a copy of your Teaching Certificate and a current Resume

We promise a speedy response to your application, averaging about 24 hours to process. From there, we'll work together to enroll and get you moving toward your graduation goal ahead.

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"Peru has helped me find my passion and achieve my dreams."
– K. Brundage, Graduate

Flexible, Quality Learning

We know school isn't your only priority — that's why we strive to make our online courses as flexible and accessible as possible. All of the MSOM: Entrepreneurial and Economic Development courses are 100% online, eight weeks long and start at multiple points throughout the year. We don't sacrifice quality for flexibility, either. Our expert faculty have developed an in-depth understanding of entrepreneurship and organizational management through years of their own experience, and they pass their knowledge on to you.

  • Eight-week courses
  • Multiple class start dates
  • Easy Canvas navigation
  • Asynchronous courses with no set log-in times
Core Courses – Required

MGMT 550 Organization Development and Change (3 Credit Hours)

Organizational development is considered as a multi-step process that may involve a wide variety of interventions. Interventions from those involving basic human processes to those requiring planning at the strategic level are considered in this course, with a particular emphasis on selecting appropriate interventions based on thoughtful diagnosis of organizational issues. Prerequisite: Graduate Student Status

MGMT 551 Program Evaluation (3 Credit Hours)

The purposes, procedures, and techniques of effective evaluation processes are considered, with an emphasis on informing those involved in organization change efforts. Students have the opportunity to prepare a detailed evaluation plan. Prerequisite: Graduate Student Status

MGMT 552 Management of Innovation and Growth (3 Credit Hours)

Understanding innovation as a process and creating the conditions for this process to occur successfully within an organization are the main themes of this course. Common routes to organizational growth are also considered as is dealing with issues associated with rapid growth. Prerequisite: Graduate Student Status

MGMT 553 Conflict Management and Mediation (3 Credit Hours)

Conflict is inevitable, but it does not have to be debilitating for individuals and organizational/social systems. This course explores the theory and practice of dispute resolution using interest-based mediation and negotiation techniques. Students gain a broad understanding of mediation and negotiation strategies, learn skills that lead to greater success in managing conflict, and develop confidence in the mediation process as an effective means for resolving interpersonal, organizational, and community disputes. Prerequisite: Graduate Student Status

MGMT 601 Study Design and Data Collection (3 Credit Hours)

The development of appropriately phrased research questions and alternative methods of inquiry are considered, as are factors influencing validity and reliability. Although survey methods are considered in detail, qualitative approaches also receive attention. Prerequisite: Graduate Student Status

MGMT 602 Statistical Methods and Data Analysis (3 Credit Hours)

A variety of statistical techniques frequently used in social science research are covered. Using statistical software, interpreting data, and drawing appropriate conclusions are emphasized. Prerequisite: Graduate Student Status

Entrepreneurial and Economic Development Courses

MGMT 660 Theories of Entrepreneurship (3 Credit Hours)

Individual and social perspectives regarding entrepreneurs and entrepreneurial activity are considered, with an emphasis on understanding factors that facilitate entrepreneurship.

MGMT 661 New Venture Planning and Financing (3 Credit Hours)

Various business planning and venture financing models are considered, as are resources available to facilitate these activities. Developing skills to evaluate the decisions made in these areas by others is emphasized.

MGMT 662 E-Commerce and Internet Communication (3 Credit Hours)

E-commerce as a business model, particularly for new ventures, is considered. Sourcing support services and software for e-commerce and internet marketing strategies are emphasized.

MGMT 663 Economic Development (3 Credit Hours)

Economic development is considered from the perspective of a practical set of social policies, community strategies and resources available at the local, state and federal levels. Innovative regional and community approaches and planning for economic development are emphasized.

Thesis/Action Research Project

To graduate with an MSOM degree you'll need to complete six hours of thesis, internship or research project credit in an advanced topic area. The final paper should relate to your area of concentration and constitute the culminating experience in the MSOM degree program.

Two primary goals for graduate programs at Peru State College are flexibility and relevance. You may propose to write detailed case studies, develop unique courses or programs for other institutions or the community, research and write substantial grant proposals, etc.

MGMT 695 Graduate Internship (3-6 Credit Hours)

A student may opt to propose an internship that will allow him/her to apply the concepts from the graduate degree program. A minimum of 45 hours must be completed for each credit hour of internship that the student elects to complete. A final reflective paper that demonstrates the knowledge and skills gained in relation to the focus of the program is required.

Prerequisite: Completion of 27 or more credit hours and permission from the Dean of Graduate Programs

MGMT 696 Thesis/Action Research Project I (3 Credit Hours) & MGMT 697 Thesis/Action Research Project II (3 Credit Hours)

The Action Research Project should relate to the student's area of interest and professional practice and should represent the culmination of the program. It may consist of an approved research project or alternative, e.g., a grant application and implementation.

The Thesis involves formal research of a topic related to the student's field of interest. It can conform to experimental, descriptive or historical approaches and will be presented in the most current standard APA (American Psychological Association) five-chapter configuration. Unlike an Action Research Project, the focus of the endeavor will not be the participant's own teaching situation.

Prerequisite: Completion of 27 or more credit hours and permission from the Dean of Graduate Programs

Career Outcomes for Entrepreneurial and Economic Development Graduates

Our online MSOM: Entrepreneurial and Economic Development degree is focused on helping you become a successful entrepreneur. There is no specific blueprint to becoming an entrepreneur, but there are ways to put yourself on the path toward success — like earning an advanced degree. According to, entrepreneurs with a master's degree earn more than those with a bachelor's degree by more than $16,000 annually.*


However, developing entrepreneurship skills doesn't solely prepare you to launch your own business. These skills can be applied to your current organization's initiatives as well, priming you to take on a management role.

Management occupations are projected to grow 8% from 2021 to 2031, according to the U.S. Bureau of Labor Statistics. When you graduate from Peru State with an MSOM: Entrepreneurial and Economic Development degree, you will be prepared to take on roles like:

    • Economic Development Consultant
    • Economic Development Services Director
    • Community Consultant
    • Planning and Economic Development Administrator
    • Business Owner

* Entrepreneur financial data sourced from

Accredited and Respected

Firmly established since 1867, Peru State College has been accredited by the Higher Learning Commission since 1915.

HLC is an institutional accreditor recognized by the U.S. Department of Education and the Council for Higher Education Accreditation to accredit degree-granting colleges and universities.

Peru State received notice in July 2022 of its continued accreditation by HLC with the next Reaffirmation of Accreditation in 2031-32.

PROGRAMMATIC ACCREDITATION Peru State College is accredited under the National Council for Accreditation of Teacher Education (NCATE) Standards through the CAEP Accreditation System, for a period of 7 years, from 2015 – 2022.

Peru State College was reviewed under the Council for Accreditation of Educator Preparation (CAEP) Standards in Fall 2022 and is awaiting action on its review. Formed in 2013, CAEP is the single specialized accreditor for educator preparation and administers NCATE accreditation.

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20+ Years Online, Peru is for You.

Since 1999, Peru State College has transformed students' lives 100% online. Our decades of experience give rise to a remarkable online education, complete with affordable, quality learning supported by faculty and staff who genuinely care. Join us and learn for yourself, why Peru is for you.


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