Principles of Finance Week 4 Discussion Watch The 2008 Financial Crisis, in Crash Course Economics Describe how the credit crisis may have adversely affected many people beyond homeowners and mortgag

Principles of Finance

Week 4 Discussion 

Watch The 2008 Financial Crisis, in Crash Course Economics

Describe how the credit crisis may have adversely affected many people beyond homeowners and mortgage companies. Do you believe the impact of the credit crisis is still being felt today? Why or why not? Are we headed in the direction of another credit crisis? What indicators hint at what could happen in the future?

Week 5 Discussion 

Complete the following:

  • Watch Inside The Collapse (Part One).
  • Watch Inside The Collapse (Part Two).

After watching the videos, discuss how this financial crash impacted you, your family, a career from which you may have been laid off, or someone you know who was affected.

  • Be sure to respond to at least one of your classmates’ posts.

Managing Concepts

Week 4 Discussion 

Planning is a process of identifying goals that provide direction for the organization. Managers at all levels can participate in the planning process, selecting the type of plan, establishing the goals within the plan, and documenting in detail how each goal will be accomplished.

According to Robbins and Coulter (1), managers may choose one of the following plans:

  • Time frame: long term or short term.
  • Breadth: strategic or operational.
  • Flexibility: directional or specific.
  • Frequency: single-use or standing.

After a manager identifies which kind of plan to use, goals that illustrate how the plan will be carried out must be set. Goals are actionable steps performed by employees in the organization.

For this discussion:

  • Choose one of the four listed plan types.
  • Give an example of how you executed such a plan in your personal or professional life.
  • When discussing your plan, identify 3–5 goals or steps taken to complete the plan.

Remember to respond to at least one of your classmates’ posts.

Sources

1. Stephen P. Robbins. 2018. Management. Pearson 14th edition book.

Robbins, S. P. (2018). Management (14th ed.). New York: Pearson. 

Bottom of Form

Week 5 Discussion 

As a manager, you will have to control work processes and monitor performance. There are three types of controls that occur in organizations:

  • Feedforward control: prevents future problems.
  • Concurrent control: collects performance in real-time.
  • Feedback control: collects performance information after a task or project is completed.

For this discussion:

  • Describe one control system used by your current organization or a previous employer.
  • Identify the organization’s control system type.

Be sure to respond to at least one of your classmates’ posts.

Note: All students are required to post a minimum of two (2) posts per online discussion thread. Students must have one (1) original post and a minimum of one (1) other post per discussion thread.  Initial response should be a minimum of 120 words with a reply with a minimum of 30 words.

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