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Class Introduction to Business

  • Presentation

    Presentation

    The main objective is to enable students to understand and master the main topics and essential techniques related to the theory of the firm and the analysis of economic organizations in competitive environments. Concepts, indicators and forecasts regarding sectoral contexts, market structure, competitive dynamics and business strategies will be worked on.
  • Code

    Code

    ULHT32-11345
  • Syllabus

    Syllabus

    1. Theory of the Firm/company and its subtopics (concepts: profit maximization, production function, costs) 2. Introduction to Porter's competitiveness analysis (market analysis matrix) 3. Introduction to Business Strategy 4. Strategic Positioning and Competitive Advantage 5. Financial function of the company (investment analysis, prior introduction of investment analysis)
  • Objectives

    Objectives

    Learning objectives (knowledge, skills and competences to be developed by students):  1. LO1: Understand the main concepts about the existence, organization and functions of the company. 2. LO2: introduction to market contexts and competition processes. 3. LO3: Present the tools, instruments and techniques for economic and financial valuation of real assets for decision making 4. OA4: Present the strategic positioning and business models.
  • Teaching methodologies and assessment

    Teaching methodologies and assessment

    The methodology used to support the teaching-learning process is the establishment of relationships between theory and the reality of companies.
  • References

    References

    - Besanko, D. (2013), Economics of Strategy, 6th edition Wiley. - Porter, M. (1998), Competitive Strategy: Techniques for Analyzing Industries and Competitors, New York: The Free Press. - Lawrence, Gitman et al. (2018). Introduction to business, Openstax, ISBN -10 1 -947172-54-9  
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