This course provides an overview of organizational economics, the study of how economic principles and methods can be applied to design and manage effective organizations. It covers the main concepts, theories, and models of organizational economics, and how they can be used to address various organizational challenges and opportunities, such as incentive problems, coordination issues, information asymmetry, innovation, and strategic behavior. The course also introduces the main tools and techniques of organizational economic analysis, such as agency theory, contract theory, property rights theory, decision theory, and game theory.
Organizational Economics for Businesses: How to Design and Manage Effective Organizations
Introduction:
Objective
The objective of this course is to equip participants with the essential knowledge and skills to understand and apply the organizational economic approach to business situations. By the end of the course, participants will be able to:
- Explain the role and functions of organizational economics in a modern economy
- Apply the main models and frameworks of organizational economic analysis
- Assess the determinants and implications of different incentive schemes and organizational forms
- Evaluate the effects of various organizational practices (e.g., delegation, monitoring, evaluation, compensation) on efficiency and welfare
- Discuss the current trends and challenges facing organizational economics in the context of globalization, digitalization, and innovation his course is designed for professionals who are interested in learning about organizational economics, its applications and implications for businesses. It is suitable for those who work in or interact with the business sector, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.his course is designed for professionals who are interested in learning about organizational economics, its applications and implications for businesses. It is suitable for those who work in or interact with the business sector, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.
Target Audience
This course is designed for professionals who are interested in learning about organizational economics, its applications and implications for businesses. It is suitable for those who work in or interact with the business sector, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.
Benefits Of Taking This Course
By taking this course, participants will benefit from:
- Gaining a comprehensive and up-to-date understanding of organizational economics
- Developing analytical and critical thinking skills to deal with business issues
- Enhancing their professional competence and confidence in the business sector
- Expanding their network and learning from peers and experts in the field
Content
Five days course outline:
Day 1: Introduction to Job Mastery and Performance
- What are job mastery and performance and why are they important?
- The history and evolution of job mastery and performance
- The main types and methods of job mastery and performance
- The sources and types of job mastery and performance regulation and standards
- The role and impact of job mastery and performance on individual and organizational performance and outcomes
Day 2: Job Mastery and Performance Assessment
- The role and importance of job mastery and performance assessment
- The types and sources of job mastery and performance information and how to access and analyse it
- The process and techniques of job mastery and performance assessment, such as self-assessment, peer assessment, and supervisor assessment
- The best practices and challenges of job mastery and performance assessment
- The case studies of job mastery and performance assessment, such as Google, Starbucks, and Netflix
Day 3: Job Mastery and Performance Goal Setting and Planning
- The role and importance of job mastery and performance goal setting and planning
- The types and features of job mastery and performance goals and plans, such as SMART goals, action plans, and milestones
- The process and techniques of job mastery and performance goal setting and planning, such as SWOT analysis, gap analysis, and priority matrix
- The best practices and challenges of job mastery and performance goal setting and planning
- The case studies of job mastery and performance goal setting and planning, such as Apple, Tesla, and Coca-Cola
Day 4: Job Mastery and Performance Monitoring and Evaluation
- The role and importance of job mastery and performance monitoring and evaluation
- The types and modes of job mastery and performance monitoring and evaluation, such as progress reports, scorecards, and dashboards
- The process and techniques of job mastery and performance monitoring and evaluation, such as data collection, data analysis, and data visualization
- The best practices and challenges of job mastery and performance monitoring and evaluation
- The case studies of job mastery and performance monitoring and evaluation, such as Amazon, Microsoft, and McDonald’s
Day 5: Job Mastery and Performance Feedback and Improvement
- The role and importance of job mastery and performance feedback and improvement
- The types and modes of job mastery and performance feedback and improvement, such as verbal, written, or non-verbal
- The process and techniques of job mastery and performance feedback and improvement, such as active listening, clarifying questions, and action steps
- The best practices and challenges of job mastery and performance feedback and improvement
- The case studies of job mastery and performance feedback and improvement, such as Facebook, ExxonMobil, and Procter & Gamble.
Training Methodology
To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.
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What is included?
- Subject-matter expertise delivered by practising Management Consultants
- Course material (Soft & Hard-copies)
- Networking sessions
- Accredited Certificates of Completion Will be awarded
- Long-term Coaching and Mentorship will be provided
- The privacy of the client will be maintained