Are you interested in acquiring practical business experience in strategic planning, management, and finance without enrolling in an MBA program? This course is for you!
You’ll understand the significance of strategic planning and discover how external and internal environmental factors affect an organization. You’ll learn about organizational structures, performance measurements, financial investment models, budgeting, ethics, workplace politics, and more! This course will provide you with in-depth knowledge of the business environment in just six short weeks.
Learn the ins and outs of strategic planning, as well as the elements you must use to effectively implement your strategic plan. We’ll study vision statements, move on to purpose and mission statements, and discuss goals, objectives, strategies, policies, and procedures. Then, look at the major strategic choices that you can choose from, ranging from core business focus to insolvency.
Learn how to organize resources so employees can perform job duties and relate to one another in the most effective way possible. Then, discuss three key management principles: motivation, leadership, and control.
Examine the elements of the general ledger, explore a few key accounting terms, contrast accounting and bookkeeping, and investigate the different types of accounting. You’ll learn about vital accounting concepts, such as the accounting equation, debits and credits, and the cost principle. Then, review two financial statements that you find at nearly every organization—the balance sheet and the income statement.
Discuss the nature of discretionary, relevant, sunk, and variable costs, and many more. You’ll also discover how managerial accounting differs from financial accounting. Then, learn about the different types of investment decision-making models, including average rate of return (ARR), payback period, discounted cash flow (DCF), net present value (NPV), and internal rate of return (IRR).
Learn everything you need to know about business budgeting including how to use the major budgets, including the department administration budget (also known as an expense budget), the production materials budget, the maintenance, repair and operating (MRO) budget, the capital budget, and zero-based budgeting. Then, examine performance measurements as a way to keep track of progress.
Develop a good overview of business law and also learn about some important concepts, such as the principal-agency relationship and the basics of contracts. And finally, look at the four most popular organizational forms: sole proprietorship, general partnership, limited partnership, and corporation. You’ll also spend some time going over organizational politics.
Prerequisites / Requirements
There are no prerequisites to take this course.
- This course can be taken on either a PC or Mac device.
- PC: Windows XP or later.
- Mac: OS X Snow Leopard 10.6 or later.
- Browser: The latest version of Internet Explorer, Firefox, Chrome, or Safari (We recommend Firefox or Chrome).
- Adobe Flash Player. Click here to download the Flash Player.
- Adobe Acrobat Reader. Click here to download the Acrobat Reader.
- Email capabilities and access to a personal email account.
- Software must be installed and fully operational before the course begins.
Instructional material requirements:
- The instructional materials required for this course are included in enrollment and will be available online.
WHEN CAN I GET STARTED?
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!
HOW DOES IT WORK?
Once a session starts, two lessons will be released each week, for the six-week duration of your course. You will have access to all previously released lessons until the course ends.
HOW LONG DO I HAVE TO COMPLETE EACH LESSON?
The interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.
WHAT IF I NEED AN EXTENSION?
The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.