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About the course

Become Fluent in the Language of Business!

Encompassing a diverse range of principles, concepts, theories and calculations, the language of business has many different dialects. The most successful professionals are those who can comprehend, translate and manipulate all of them.

Principles of Business creates a solid foundation by familiarizing you with the vernacular used in different areas of the organization and incorporates the topics covered in many traditional MBA programs. You’ll acquire a working knowledge of organizational behavior and communications, accounting, economics, globalization and more – enabling you to understand various aspects of the business and strategize with individuals across different departments and levels of the company

Increased business fluency leads to better-informed decisions – empowering you to make more visible and valuable contributions to the organization as a whole.

What You’ll Learn

Organizational Behavior

  • Expert Advice on Identifying and Overcoming Common Managerial Mistakes
  • Best Practices of Highly Effective Managers
  • Indispensable Techniques for Active Leadership
  • Powerful Tools for Inspiring and Influencing Others

Organizational Communications

  • Critical Thinking Skills and Successful Message Development
  • Essential Qualities of Effective Business Writing
  • Positive Presentation Styles That Engage and Persuade
  • Breaking Down Barriers to Effective Communication

Introduction to Accounting

  • Must-Know Principles of Financial Reporting
  • Three Vital Accounting Tools: Balance Sheet, Income Statement and Statement of Cash Flows
  • Optimal Methods for Reporting Financial Events in Audited Statements
  • Pivotal Role of Financial Information in Successful Decision Making
  • Far-Reaching Implications of the Sarbanes-Oxley Act on Daily Business Activities

Understanding the U.S. Economy

  • Basic Framework for Analyzing an Economy
  • Critical Factors Impacting Supply and Demand
  • Identifying Common Types of Aggregate Demand Shocks That Cause Business-Cycle Fluctuations
  • Effects of Monetary Policy and Government Budget Deficits on the U.S. Economy

Managerial Accounting

  • Key Distinctions Between Financial and Managerial Accounting
  • Determining Impact of Cost Behavior on Business
  • Proven Techniques for Evaluating Business Activities: Cost Volume Profit Analysis and Variance Analysis
  • Understanding the Planning and Control Functions of Management

Understanding Globalization

  • Essential Elements of the Globalization Process
  • Factors Contributing to the Growth of International Trade and Multinational Corporations
  • Analyzing Exchange Rate Fluctuations and Other Cyclical Aspects of the World Economy
  • Influential Roles of the International Monetary Fund, World Bank and World Trade Organization

Curriculum

8 Week Course

Lesson 1 - Organizational Behavior

  • Introduction to Organizational Behavior
  • Motivation: Introduction
  • Rewards and Punishments
  • Perceptions of Fair Treatment
  • Goal Setting
  • Leadership
  • What Do Leaders Do?
  • Emotional Intelligence
  • Social Skills
  • Leaders Are Inspirational and Charismatic

Lesson 2 - Organizational Communications

  • The Central Skill in the North American Workplace
  • Management Skills
  • Communication
  • How to Speak so People Will Listen
  • Five Common Obstacles to Effective Communication
  • Developing a Strategy
  • Using Everyday Language to Produce World-Class Documents
  • Qualities Common to All Effective Business Writing
  • Active and Passive Voice
  • Preparation: A Few Suggestions

Lesson 3 - Introduction to Accounting

  • Overview of Financial Reporting
  • Basic Accounting Principles
  • The Balance Sheet
  • The Income Statement
  • Dual Effect of Accounting Transactions
  • Statement of Cash Flows
  • Reporting of Financial Events

Lesson 4 - Understanding the U.S. Economy

  • Understanding the U.S. Economy
  • A Basic Tool of Economics: Demand
  • A Basic Tool of Economics: Supply
  • Gross Domestic Product (GDP)
  • Growth Rates, the Business Cycle and Supply Shocks
  • Aggregate Demand
  • Sources of Shocks to Aggregate Demand

Lesson 5 - Understanding the U.S. Economy (continued)

  • The Goods Market
  • The Labor Market
  • Financial Markets
  • Monetary Policy
  • Government Budget Deficits

Lesson 6 - Managerial Accounting

  • Introduction to Managerial Accounting
  • Cost Concepts and Behavior: Part 1
  • Cost Concepts and Behavior: Part 2
  • Contribution Margin
  • Cost Volume Profit: Part 1
  • Cost Volume Profit: Part 2
  • Cost Volume Profit: Intro to Simulation Exercise
  • Cost Volume Profit: Solution to Simulation Exercise

Lesson 7 - Managerial Accounting (continued)

  • Cost Structure and Operating Leverage
  • Profit Planning: Concepts and Definitions
  • Profit Planning: Master Budget Example
  • The Cash Budget
  • The Flexible Budget
  • Standard Costs and Standard Cost Card
  • Variance Analysis: Direct Materials and Direct Labor
  • Variance Analysis: Variable Manufacturing Overhead

Lesson 8 - Understanding Globalization

  • Understanding Globalization
  • Economic Globalization
  • International Trade
  • International Investment
  • International Migration
  • The World Economy and Cyclical Factors
  • Exchange Rates
  • International Government Agencies and the World Economy
  • Sarbanes-Oxley: Part 1
  • Sarbanes-Oxley: Part 2

Who should attend

The first course in Notre Dame’s Executive Certificate in Business Administration program, Principles of Business is open to anyone seeking to expand their fluency in today’s most vital business topics. It is especially valuable for functional managers, small business owners, newly appointed executives and other professionals who wish to develop key business skills without the time and expense of traditional campus-based programs.

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