In this module, the focus is on obtaining information that assists managers with the planning and control functions. For example, it is important to understand a business' cost structure and how this structure impacts short-term decisions. The value of a business can be enhanced by making increased profits through wise investment decisions. How a business invests its scare capital affects the firm's future value. Some of the important financial management concepts explored in this module include the time value of money, discounted cashflow, the cost of capital, capital budgeting and investment trade-offs.
People possess the creative initiative that is required to make an organization successful.
Without this asset, long-term economic growth and profitability will not occur. The module will enhance executive and professional abilities through application of concepts, theories, and frames of reference by active participation in class discussions and cases. Such knowledge empowers the manager to make the best possible decisions. This session includes a discussion of various levels of data measurement and a presentation of several random sampling techniques. Discussions cover measures of central tendency and their application in business situations, as well as sources of variability and important measures of dispersion.