The next course at Stanford is
The Global Context of Management
The objectives of this course are twofold: to help develop your understanding of the cultural, economic, financial, and political forces that drive the global marketplace and individual markets within the broader market, and to provide you with a framework for, and experience in, learning quickly about specific markets. You will understand the important questions to ask and answer when contemplating entering or allying in a new market.
Sounds like International for Dummies. This course will probably concentrate on all the miscues that we dumb Americans do when we try to do international like ordering a Coke in a five star Paris restaurant. I actually saw that once and even I was appalled. For the most part Americans have huge inferiority complexes thinking everyone is smarter than us because they speak ten languages and went to an ecole. Forget it. You'd speak ten languages too if there were ten different countries within two hours of your house. The thing to remember when dealing with foreign types is that we have the largest economy in the world and they don't. Be nice but when push comes to shove that is the bottom line. Doubt if they will include that in the course at Stanford.
Next up is
The aim of this course is to enable you to apply the fundamental ideas of financial economics to problems in the area of corporate finance. You will gain an overview of valuation principles, and how financial decisions – capital structure, dividend policy, investments, etc. – can affect valuation, learn basic principles of corporate finance from the perspective of a financial manager, and analyze many of the important financial decisions made within firms and other institutions
Wow, clarity. Take this course and pay attention. The key word here is overview. A tendency of managers (and you are all potential managers) is to get tunnel vision and see only what impacts you and your division or department. In Treasury or Corporate Finance you have to look at the company the way Wall Street or an investor looks at the company which is in its totality. It is also the way senior management looks at the situation. So if you want to get to senior managment you have to understand how the total company works. Start thinking this way and you will have a leg up on your competition. Don't cut this class.
The third class for today is
Managing Groups and Teams
This course introduces you to the structures and processes that affect group performance and highlights some of the common pitfalls associated with working in teams. Topics include team culture, fostering creativity and coordination, making group decisions, and dealing with a variety of personalities. You will participate in a number of group exercises to illustrate principles of teamwork and to give you practice not only diagnosing team problems but also taking action to improve total team performance.
I'm actually a fan of the team approach. It works to bring people from various disciplines together to solve a problem as long as it is a team approach and somebody doesn't decide to hog all the glory. Remember, as the football coach always says, there is no "I" in team. But there is "me" so watch out. Probably not a bad course as long as it doesn't degenerate into those silly exercises like falling backwards and somebody catching you. I always kind of wanted to watch them just fall but that is slightly jaded.
Watch out for this one-
Building on the discipline of social psychology, this course helps you cultivate mindsets and build skills to understand the ways in which organizations and their members affect one another. You will learn frameworks for diagnosing and resolving problems in organizational settings. The course relates theory and research to organizational problems by reviewing basic concepts such as individual motivation and behavior; decision making; interpersonal communication and influence; small group behavior; and dyadic, individual, and inter-group conflict and cooperation.
Quite a mouthful. Firstly, all organizational behavior, or OB which we called Out of Bounds, professors are frustrated shrinks. Probably couldn't get into medical school and ended up in the business school for which they are totally ashamed but you got to make a buck so...they end up trying to figure out how organizations behave thus the name. Don't think you will learn much here but it certainly is not a tough class unless you are a foreign student with a great grasp of mathematics but not a great grasp of English.
People that do well in this class usually end up in Human Resources so be warned. If you can figure out how to manipulate these people you will probably have a pretty good career.
Can't handle any more of this stuff today.