Management and Strategy

Learning objectives (CED)

• 4.1.ADescribe the function of management.
• 4.1.BIdentify and demonstrate effective leadership and business communication skills.
• 4.1.CExplain why businesses need to hire and develop employees with a variety of core competencies.
• 4.1.DExplain how businesses compensate, motivate, and seek to retain high-quality employees.

Lessons

• Management and Leadership

  The functions of management, leadership and communication skills, why businesses hire diverse competencies, and how they compensate, motivate and retain employees.

  25 min Reviewed

Learning objectives (CED)

• 4.2.ADescribe key performance indicators (KPIs) used to evaluate business performance.
• 4.2.BDevelop or interpret financial and nonfinancial KPIs to monitor a business’s financial health and progress toward goals.
• 4.2.CExplain how businesses use benchmarks.

Lessons

Learning objectives (CED)

• 4.3.AExplain how and why businesses develop and use strategy to achieve goals.
• 4.3.BApply a deliberative process to make a business decision.

Lessons

• Strategy and Decision Making

  Strategy vs. tactics, a deliberative (PACED) decision process, choosing criteria including ROI, and deciding with imperfect data.

  25 min Reviewed

Learning objectives (CED)

• 4.4.ADescribe Michael Porter’s Five Forces strategic framework.
• 4.4.BApply Porter’s Five Forces to evaluate the competitiveness of a market.
• 4.4.CDescribe SWOT analysis factors used to evaluate business viability.
• 4.4.D