SP JAIN GLOBAL BLOGS

Economics primarily relates to making appropriate choices with respect to resource allocation using a cost benefit analysis. Managerial Economics therefore focuses on effective decision-making at the firm level with respect to price and output determination. It helps make better management decisions by providing a foundation to Business Strategy.

Topics: Thought Leadership

“We need to teach people to do things holistically. Part of the problem of education is who the suppliers are”, quips Louis Lataif (Former Manager – Ford & Dean – Boston University). Professor Lataif’s remark can hardly be doubted as a recent report by a team from the Association for the Advancement of Collegiate Schools of Business (AACSB) found a substantial gap between the real-world needs and management education in this era of globalisation.

Topics: Thought Leadership

Steve Jobs resigned as the CEO of Apple and became Chairman – a move that was perhaps in the offing due to his illness. In his characteristic simple manner, he said “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.”

Topics: Thought Leadership