SOMB III is your final course in MBA's School of Mortgage Banking series and emphasizes long-term strategic planning in a mortgage-banking environment. Throughout the course, you will receive hands-on training in planning and forecasting future business operations. Not only will you be introduced to the critical elements of planning, but you will also be exposed to the effects that various conditions and situations have on the planning process. During this class, you will be competing against other teams to produce the most creative, yet realistic, strategy for a fictitious company using an advanced computerized model that will take you through several economic quarters and varying economic conditions in order to restore profitability to your firm. You will be able to apply what you learn in the lessons to develop a successful business plan. In the process, you will practice the effective management of diverse skills and personalities in a small workgroup. The culmination of this activity is for you to present your strategy and results to the "Board."