1. Understanding management and the
Studying and practicing management can be
Todays environment poses several challenges for
managers. Am I taking steps to stay abreast of them?
Organizations need to b
Financial Accounting: Accounting Equations and Financial Statements
Accounting Equations and Financial Statements
1. Assets = Liabilities + Equity
2. Total Revenue and Gain Total Expenses
Formulas to Remember!
1. Assets = Liabilities + Shareholders Equity!
2. Shareholders Equity = Retained Earnings + Net Income!
3. [RATIO] Current Ratio = Current Total Assets / Current Total Liabilities!
4. [RATIO] Receivables
WHAT IS IBM?
IBM, International Business Machines, is an American multitechnology and consulting
company that deals with computer software and hardware.
One of the main focus of IBM is main
ECON101: Consumer Choice
The budget constraint defines the set of baskets that a consumer can
purchase with limited amount of income.
The budget line indicates all the combinations of food (x) and clothing (y) that
the consumer can purchase if he spends a
(1) How can I better understand debit and credit? - Quora
25/8/14 9:22 pm
How can I better understand debit and credit?
I think if you think in terms of increasing or decreasing, you'll be better off than
thinking in terms of left or right.
There are only
ECON101: Theory of Demand
Price Consumption Curve A curve connecting all of the baskets that are
optimal as the price changes (holding the price of good y and income
The consumer is better off as the price of food falls.
At Basket A, her MRS of
ECON101: Costs and Cost Minimisation
Explicit costs involve a direct monetary outlay while implicit costs do not.
The opportunity cost of a particular alternative is the payoff associated
with the best of the alternatives that are not chosen.
ECON101: Demand, Supply & Market Equilibrium
An equilibrium is a point at which there is no tendency for the market price to
change as long as the exogenous variables remain unchanged.
Price Elasticity of Demand
The price elasticity of demand measures the
Recording Business Transactions
ShineBrite Car Wash, Inc. received $50,000 cash from the shareholders and in
turn issued ordinary shares to them.
The business paid $40,000 cash for land.
The business purchased supplied for
Planning and Strategic
The planning process
What is strategic management?
Types of strategies
How do I develop a successful
courses of action
Managers and leaders
What is power? How can I acquire it?
How do I exert influence?
Becoming a leader - leadership theories
Contemporary perspectives on leadership
the ability to influence employ
Control Systems and
What are control systems?
Why do we need them?
How does the process work?
Measuring company performance
Measuring employee performance
What is controlling?
defined as monitoring performance, compari
management and the
What is management?
Why do I need to understand this? (rewards)
What challenges will I face?
What will I do? (functions, levels, areas, roles)
What will I need? (skills)
Where do I start? (environment external and
Decision making, Ethics and CSR
How do manager make decisions?
Why is it difficult? (biases)
Overcoming these challenges
What is CSR?
Why do organizations bother with CSR?
Ethical dilemmas in management
How do managers deal with them?
O What is motivation?
O Intrinsic and extrinsic motivation
O Theories of motivation
O Motivation today
What is Motivation?
O pshychological processes that
energize, direct and sustain a
How does communication work?
Communicating in the workplace
Upward, downward, lateral
Communication in the digital age
Getting it right
Channels verbal, non-verbal, media richness
Nailing your pr
Becoming a Team
What are they?
Are they useful? Always?
How do they develop?
Making them effective
Groups & Teams
Group: Two or more freely acting individuals
who share collective norms, collective go
What is diversity?
Current trends in diversity
Why is it important?
Why is it a challenge to manage?
Personality Big 5
Stable psychological traits and behavioral attributes tha
Organization Culture, Structure
Understanding organizational culture
Types and levels of organizational culture
How does it develop?
Understanding organizational structure
Traditional and emerging structures
Developing the best design
What Is O
ECON101: Consumer Preferences & Utility
A market basket (or bundle) is defined as the collection of goods and
services that an individual might consume.
Consumer preferences tell us how an individual would rank (i.e. compare
the desirability) of any two b