MBA 735 – Reflections on Module 3 Concepts

Week three has wrapped up and 735 is halfway complete. As we continue to pursue the concepts of the growth stage of a business, here are some questions for review.

How will your knowledge of the financial concepts help you in your future projects and proposals?

In order to better analyze projects in my job, the financial concepts reviewed in this week of class will be very beneficial. Understanding capital expenditure budgeting will be of particular importance. There are often projects that I get the chance to review that will involve capital expenditures and it is important to have the knowledge of how to budget these expenses.

Does the risk level of a leader come into play when making such financial decisions? How so?

A leader’s characteristics will most always bleed over into all of the decisions he or she makes. If an entrepreneur, for example, is a risk-taker, he will most likely be more aggressive in making his business decisions. If a leader is more conservative in her approach, she will probably be more likely to be conservative when budgeting for business decisions.

Will the decision-makers’ preference of the four lens impact his or her decision making based on the financial models reviewed in this module? Why?

A decision maker will be impacted based on their four lens preference. If a decision maker is more analytical, then the financial documentation for decisions to be made will probably need to be very detailed when delivered for review. If a decision maker is more direct, then he or she is most likely going to want to see just the bottom line results of the analysis for the impact on the company.

July 15, 2007 | Filed Under MBA 735 

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