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ed2go Business Operations Mastery of Business Fundamentals
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introduction-to-business

Mastery of Business Fundamentals

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.

6 Weeks / 24 Course Hrs
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Learning Method

Instructor-led

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Starting December 12 | January 16

Mastery of Business Fundamentals

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Details + Objectives

Course Code: msf

What You Will Learn
  • Discover how external and internal environmental factors affect an organization
  • Learn about various organizational structures
  • Understand how to use leadership, motivation, and control for maximum impact
  • Learn how successful organizations use performance measurements to stay on track
  • Master the fundamentals of accounting
  • Learn the basics of financial planning and budgeting methods
  • Gain an understanding of the basic principles of business law
  • Learn about ethics and organizational politics
How the course is taught
  • Instructor-led course
  • 6 weeks in duration
  • Courses begin each month
  • 2 lessons released each week
  • 24 course hours
How you will benefit
  • Gain practical business experience that will help you in your current role without enrolling in an MBA program
  • Use this course to determine if enrolling in an MBA program is the right next step for you
  • Open the door to additional opportunities as you come to fully understand the business environment around you

Outline

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Week 1

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.

Week 2

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.

Week 3

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.

Week 4

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).

Week 5

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. 

Week 6

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.

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Instructors & Support

Tony Swaim

Tony Swaim has helped many clients, colleagues, and students reach their professional and personal goals. He has been an online instructor since 1998 and has taught at colleges and universities across the United States since 1981. His focus areas are project management, Six Sigma, and supply chain management. Tony manages a successful consulting firm, and his industry experience includes 20 years of supply chain management. He earned a Doctorate in Business Administration from Kennesaw State University and holds professional certifications in six disciplines, including the Project Management Professional (PMP)® certification from the Project Management Institute (PMI)® and Certified Six Sigma Black Belt (CSSBB)® from the American Society for Quality (ASQ)®.

Requirements

Prerequisites / Requirements

Prerequisites:

There are no prerequisites to take this course.

Requirements:

Hardware Requirements: 

  • This course can be taken on either a PC or Mac device.

Software Requirements: 

  • PC: Windows XP or later.
  • Mac: OS X Snow Leopard 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
  • 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 Materials

The instructional materials required for this course are included in enrollment and will be available online.

FAQs

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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 course 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 two 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 two weeks plus 10 days (24 days total) to complete the final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.

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