In order to understand the changing constraints place on modem business, we must be able to understand the macro-economic environment in which business operates today. This session explains what business cycles are and why they are important. It demonstrates how these can be explained and understood in terms of basic economic principles and laws. Given today's competitive business environment, effective managers must understand what economic information they need to acquire and how best to use it in achieving the goals of the organization. Exposure to the fundamental concepts and methods of managerial economics is essential to this understanding.
Concepts discussed include demand, production, cost, and pricing.
This session focuses on the fact that people are a company's most important asset. Change is a force that affects every aspect of an organization. Knowing how to anticipate it, adjust to it, and manage it effectively is critical to organizational leadership and success. They also learn how to create a positive climate for change by helping others view it as an opportunity rather than a threat. Attention is given to how to manage change and the impact it has throughout the organization.