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Finance & Accounting
Pages 3 (753 words)
This business course for me was a great learning experience. Along with the knowledge I obtained in business modeling I was very inspired by my professor and my classmates. Everyone in the class seemed to get along and the participation in class among students was very enlightening…
One of my long term goals is to become a manager. Once I reach that goal I will reflect back on my college experiences including this course to apply the skills and abilities I developed through the educational process of attending college. During the class the professor emphasized the importance of reading. Students have to develop study habits because to learn one has to dedicate time to feeding data and information to the brain. The prefrontal cortex has to be developed since this part of the brain has the decisional power of a CEO (Schmidt). The course helped me realize the power and applications that modeling has. A model can be used to create a physical product such as designing a new car model. Organizational charts can be used to visualize a model in the workplace. One of the most practical applications of modeling is mathematical models using formulas that can be expressed with the assistance of software tools such as Microsoft Excel. Business models can be used to make better decisions by managers or other decision makers in a company. Models can help a person break down processes into simple components. I imagine a person that wants to start a business of selling ice cream. This person needs create a business model to succeed. Testing marketing applications such as offering discount coupons in flyers can be done through the use of statistical models. ...
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