Join Eddie Davila for an in-depth discussion in this video Everyday economics, part of Business Foundations.
- Over time, every good businessperson begins…to understand that we are all connected.…That's why executives all over the world wake up…every morning, and head to their favorite financial website.…They need to see the numbers.…Which numbers does a businessperson usually look for?…Well, it depends on their job and their industry,…but here are some of the common numbers…they might be interested in:…Many folks want to look at market index numbers.…Have you ever heard of the Dow Jones,…the S&P 500, or the Nasdaq?…These are all numbers that pull together…financial data for a number of companies.…
The Dow Jones is a composite of 30 of the biggest…U.S. companies from a number of different industries.…The S&P is a composite of 500 companies.…And the Nasdaq is one of the…world's largest stock exchanges.…People often like to look at numbers…like the Dow and Nasdaq since they…take into account the stock prices…of a number of different stocks.…People tend to think that if the numbers are going up,…the economy is moving in a positive direction.…
Author
Eddie Davila
Released
10/8/2015He also reviews the basics of the people side of business: managing employees and developing customer relationships. Last, he covers the financial and information management aspects of business and provides a basic explanation of economics, so that you can understand the relationship of your business to the bigger picture.
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- Identify a company’s stakeholders.
- Examine an example that highlights how a company grows.
- Recognize how to make profit-related decisions.
- Determine the delivery logistics and transportation for a product or service.
- Explore the importance of reaching the ideal market for a product or service.
- Determine how much funding a business needs.
- Break down the ideal methods for recruiting, hiring, and training employees.
- Discover effective ways to manage employee relationships.
Skill Level Intermediate
Duration
Views
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Introduction
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Welcome1m 53s
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1. Business Basics
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Understanding profit4m 1s
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Who are your stakeholders?4m 39s
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What are your resources?4m 4s
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Example: How a company grows5m 44s
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2. Determining Your Product or Service
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3. Making and Delivering the Product or Service
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Buying the materials4m 47s
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4. Selling the Product or Service
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Knowing your market3m 11s
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Reaching your market4m 8s
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Marketing and selling3m 7s
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5. Funding Your Business
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Raising capital4m 36s
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6. Leading and Managing People
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7. Developing and Managing Customer Relationships
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Managing customer data4m 21s
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Planning for the future3m 39s
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8. Understanding Your Finances
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Defining accounting4m 1s
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9. Information Systems
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Managing your resources2m 24s
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Making better decisions4m 22s
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10. The Economy
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Role of economics2m 43s
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Supply and demand4m 4s
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Everyday economics4m 33s
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Conclusion
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Wrap-up2m 15s
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Video: Everyday economics