Period2 Class

0. Summary

After finishing busy Period1, we entered Period2, which was held online because of Covid-19. However, the classes were really interesting. In this article, I will introduce the contents of Period 2.

Period 2 Curriculum

We had 8 classes and some of them were related to Period1.

  1. Behavioral Fitness 2 (soft skill)
  2. Business, Government and Sustainability
  3. Corporate Finance
  4. Critical Management Thinking
  5. Entrepreneurial Venturing 
  6. Managerial Accounting 
  7. Operations Management
  8. Strategy

1. Behavioral Fitness 2

This subject is about soft skills. We learned about team building, communication, and leader’s vision in Period 1, and we also learned new areas in Period 2.

ASSESSMENT & DEVELOPMENT

During Period1, I worked in a group of six members, tackling many group assignments and having meeting everyday. With the members, we gave feedback each other. Every member received positive and negative feedback from their teammates. The purpose of the feedback was to expand the “Open area” (Johari window theory).

The Johari Window - Denise Burke: Business Coach
引用:http://deniseburke.ca/the-johari-window/

HACKING HABITS

This was a class where we chose one habit we wanted to acquire or change. After Selecting the habit, we considered the advantages and disadvantages, and had a clear image of having the habit. I chose “Procrastination”. Finally, I managed to acquire it.

INFLUENCING AND PERSUADING

We discussed the factors that allow us to be more influential and persuasive. This is one of the skills that will be very useful for your future career. This book is a bestseller related to this class.

Influence: The Psychology of Persuasion (Collins Business Essentials) (English Edition)

2. Business, Government and Sustainability

In this course, we learned about the environment surrounding a company and its relationships with stakeholders. First of all, the environment can be divided into two, Market Environment and Non-Market Environment.

Market Environment

In the Market environment, there are players introduced by Porter 5force such as Companies, Competitors, Suppliers, Buyers, New entries etc.

Non-Market Environment

These are stakeholders outside the Market Environment such as Governments, NGOs, Media, Regulators, Activists, Citizens and more. In this class, we focused on this area, which is essential to understand for business leaders.

3. Corporate Finance

The goal of this class was to make decisions from a financial perspective. After learning concepts such as NPV, IRR, and WACC, we learned through business cases and discussions.

We need to connect what we learn with real business situations, so the professor introduced two websites, Financial Times and Wall Street Journal.

4. Critical Management Thinking

We learned critical thinking to make decisions. Effective management (decision-making and leadership) requires imagination, creativity, and multifaceted and integrated thinking that transcends skills and rules .

The purpose of this class is to learn the frameworks of economy, society, management theory, and history.

5. Entrepreneurial Venturing

During Period1, we focused on ” Problem “, but then we learned Business model, Validation, Business presentation, and Funding all at once. After this class, many people will choose Stratup Lab.

6. Managerial Accounting

In Period1, we learned Financial Accounting. In Period2, we learned Managerial Accounting. This class was about business decision making from accounting point of view.

7. Operations Management

This class focused on the process. We learned efficient operations in factories, projects and organizations. The highlight was a simulation game that took a week. We forecasted the demand and operated a semiconductor factory to generate profit.

8. Strategy

We learned about strategy planning and execution by reading many cases of successes and failures of corporate strategy and business strategy .

Conclusion

The contents of Period2 are really interesting and practical.

After we finished Period2, we moved on to Lab Period.

Comments

Copied title and URL