1.1 The Five-Minute MBA

Question 1

(1.1) What are the two main goals of successful companies?

Answer 1

(1) PRODUCE GOODS/SERVICES THAT CUSTOMERS WANT

(2) MAKE A FEASIBLE PROFIT

Question 2

(1.1) What are the 3 key attributes common to all successful companies?

Answer 2

(1) SKILLED PEOPLE at all levels inside the company
(leaders, managers, and a capable workforce)
(2) STRONG EXTERNAL RELATIONSHIPS
(with suppliers/customers CRM)
(3) SUFFICIENT CAPITAL to execute plans and support operations

Question 3

(1.1) What courses help prepare you for LEADERSHIP roles and enable you to effectively manage your company’s workforce?

Answer 3

(1) ECONOMICS
(2) COMMUNICATIONS
(3) STRATEGY
(4) ORGANIZATIONAL BEHAVIOR and
(5) HUMAN RESOURCE MGT

Question 4

(1.1) How does expertise in Finance help a company become successful?

Answer 4

To help your company meet its second main goal of generating enough cash to compensate the investors who provided the necessary capital, you must be able to EVALUATE ANY PROPOSAL and IMPLEMENT ONLY THE PROJECTS THAT ADD VALUE FOR THE INVESTOR

Question 5

(1.1) Why does corporate finance play an important role?

Answer 5

It provides the skills needed to EVALUATE ANY PROPOSAL, whether it involves issues from…
marketing,
production,
strategy,
or any other area, and
IMPLEMENT ONLY THE ONES THAT ADD VALUE TO THE INVESTOR

Question 6

(1.1) What are two other skills that corporate finance provides?

Answer 6

(1) Skills for FORECASTING a firm’s level of necessary funding &
(2) Skills for ACQUIRING the forecasted funding