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This subject provides you with a foundation that is essential to be an effective business executive. After completing this subject, you will have a clear understanding of the key areas that need to be managed effectively for a business to be successful, specifically leading and managing people, growing demand, managing operations, and managing financial sustainability. You will acquire many useful skills and techniques that will help you effectively manage those key areas. This subject will also provide you with essential skills for successfully completing more advanced subjects in the MBA program, which cover many more advanced topics that will help you become a better business leader.
Intended learning outcomes
On completion of this subject, students should be able to:
- Make decisions that recognise the interdependence between the firm and its broader economic and social context, and recognise potential pitfalls of individual moral judgment.
- Analyse a company's competitive environment and business model to determine its internal and external fitness for achieving competitive advantage.
- Identify and evaluate sources of demand-based growth and identify the data necessary to make market decisions.
- Apply structured thinking, evidence-based approaches, and basic economic analytical skills to solve business problems.
- Apply standard techniques in selecting, coordinating, influencing and leading teams.
- Identify potential conflicts of interest between management and shareholders and approaches to mitigate those conflicts.
- perform basic process analysis to identify bottlenecks and improve processes through debottlenecking as well as develop an appreciation for how processes and operating policies can be developed to support the overall business strategy.
- Read and interpret a company's fundamental financial statements
- Evaluate and select investment opportunities using standard financial analysis techniques
- Conceptualise, plan and execute projects
- Communicate and present information effectively
- Critical thinking, analytical and problem-solving skills
- Communication skills
- Interpersonal and networking skills
- Team working skills
- Negotiation skills
- Effective evidence-based decision-making skills
- Organisational skills
- Commercial awareness and business acumen
Last updated: 11 February 2021