Organizational design is covered to provide a framework for subsequent IBF modules and Business Processes. In this module, we study the fundamentals of production and cost, the profit motive, the competitive model, market power, and performance analysis at the firm and industry level. The module is organized around three components. The first examines firm decision-making, analyzing such concepts as the profit motive and marginal analysis. And the third analyzes market structures ranging from perfect competition to monopoly models and the impact of these structural differences on market performance.
Case studies provide institutional context.
Module 3 Creation and Distribution of Goods and Services Covers materials and supplier relationship management, quality production and service operations, and the types of distribution channels and delivery methods available to information age businesses. Module 4 This module provides students with the background necessary to recognize how accounting and financial reporting choices affect financial statements and the analysis thereof. The knowledge gained in this module will help students to better judge the performance of the firm through the use of appropriate analysis tools. The module also introduces students to cash management techniques and to the concepts of financial forecasting. Module 5 This module provides students with background in traditional and current methods for determining the costs of an enterprise's goods, services, or processes.