Key Economic Theories of Education and Skill Development
Goldin: Education, Technology, and Inequality
The High School Movement initially yielded large returns to education, which decreased later as more people became educated.
The economic landscape is characterized as a “Race between Education and Technology”:
- Education represents the supply of skills.
- Technology represents the demand for skills.
If technological advancement outpaces educational attainment (Tech > Edu), inequality increases. The return to education is the equilibrium price determined
Read MoreCorporate Finance Essentials for Financial Leaders
The Modern CFO: Role, Skills, and Responsibilities
The Chief Financial Officer (CFO) is responsible for managing a company’s financial health, ensuring compliance, overseeing financial planning, and optimizing capital allocation. Key responsibilities include financial strategy, risk management, investor relations, and corporate governance. Essential skills for a CFO include strategic thinking, leadership, data-driven decision-making, and technological proficiency.
The CFO’s Role in ESG Initiatives
CFOs
Read MoreBusiness Production Methods, Technology, and Quality Control
Understanding Production and Productivity
Production is the provision of a product to satisfy wants and needs. The process involves businesses adding value to their products.
Productivity is the measure of outputs against the inputs used to create them. This is measured by the formula:
Output (over a given period of time) / Number of employees
If a worker makes more products in the same amount of time, their productivity increases. Firms aim to be productively efficient to make more profits and compete
Read MoreHuman Resources Management: Key Concepts Summary
Chapter 6: Consumer Behaviour
Process of choosing, using & disposing products + influencing factors. Four key influences:
Cultural
Culture = values, beliefs, customs. Subculture = group within culture. Social class = income + occupation + education.Social
Membership groups (friends, school). Aspirational groups (celebs/influencers). Opinion leaders & family.Individual
Income, age, gender, family life cycle. Personality, lifestyle, self-concept.Situational
Store mood, crowding, promotions,Strategic Management Fundamentals and Business Analysis Tools
Levels of Management Organization
Top-Level Management (Strategic Level)
Also known as executive or upper management.
Roles:
- Set long-term goals and organizational strategy.
- Make high-level decisions affecting the entire organization.
- Represent the company to stakeholders, government, and the public.
Common Titles:
- Chief Executive Officer (CEO)
- Chief Operating Officer (COO)
- Chief Financial Officer (CFO)
- President
- Vice President
Middle-Level Management (Tactical Level)
Often referred to as departmental or functional
Core Concepts of Software Project Management
Understanding Project Management
What Is Project Management?
Project Management is the process of planning, organizing, and managing resources to achieve specific project goals within defined constraints like time, cost, and scope.
Key Principles of Project Management
- Clear Objectives: Set clear, achievable goals for the project.
- Defined Roles and Responsibilities: Assign tasks and duties clearly to all team members.
- Planning and Scheduling: Create a detailed project plan and an accurate timeline.
- Risk