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Gies College of Business, University of Illinois

In this course, you will learn how to communicate using common organizational language, concepts, and frameworks useful for decision-making and problem-solving. The professional business skills related to business concepts and language gained through this course will help you to succeed working in any organization.

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What's inside

Syllabus

Course Introduction & Module 1 - Business Strategy I
This module starts with a course introduction, then you will learn about mission, vision and values and their role in overall strategy landscape. You will learn about the VARS framework for analyzing business models and SWOT framework for understanding the fit and coherence of business strategy.
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Module 2 - Business Strategy II
This module brings together the internal and external aspects of strategic analysis to formulate an overall strategy for the firm. You will learn about the two main “generic strategies” that businesses can pursue, which can be complemented by broad or narrow scope to yield four key types of strategic positioning. You will also learn about “dual” strategies and why and how a firm's strategy must be adapted to strategically renew its positioning.
Module 3 - Marketing and Managing Innovation
In this module, you will learn to define "marketing." You will explore consumer needs and see how marketing plays a role in value creation through researching and satisfying of these customer needs. You will also learn about the different stages of the product life cycle.
Module 4 - Accounting Fundamentals and Performance Measurement
In this module, you will learn about the fundamentals of accounting. First, you will explore key aspects of financial accounting, including the different perspectives that can be adopted about the financial position and performance of the organization via the firm's financial statements. Then, you will consider a non-financial perspective of the firm's position and performance via non-financial performance measures.
Module 5 - Fundamentals of Business Analytics
Your mind is the most important tool. Prepare your mind by learning about various mindsets and terms for approaching business analytic problems.
Module 6 - Communicating with Data
This module, will help you earn the foundation needed to become a good data communicator and will walk you through various methods to access data. You will also be introduced to frameworks that help guide digital marketing analysis and their importance to data visualization. Finally, you will learn an approach to finding patterns in data through visualization and a framework that will help analysts effectively plan for data collection, analysis, and, ultimately, visualization.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Builds a strong foundation for beginners with no background necessary
Taught by staff of Gies College of Business, University of Illinois who are recognized for expertise in Business
Covers topics such as Business Strategy, Marketing, Accounting, Performance Measurement, Business Analytics, and Data Communication
Offers a balanced view of the different aspects of Business
Suitable for students interested in pursuing a career in Business
Provides a solid foundation for entry-level positions in Business

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Organizational Concepts and Language with these activities:
Review of Business Class Concepts
Refresh your knowledge of basic business concepts to strengthen your foundation for the course.
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  • Review your notes and textbooks from any previous business courses you have taken.
  • Take practice quizzes or tests to assess your knowledge and identify areas for improvement.
Study Group Discussions
Join a study group to discuss course concepts, share insights, and collaborate on assignments.
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  • Find or form a study group with other students in the course.
  • Meet regularly to discuss the course material, ask questions, and work on assignments together.
Business Terminology Glossary
Improve your understanding of key business concepts by creating a comprehensive glossary of terms.
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  • Review the course materials and identify the important business terms.
  • Define each term and provide examples to illustrate its usage.
Five other activities
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VARs Framework Analysis Practice
Get hands-on practice analyzing business models using the VARs framework.
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  • Find real-world examples of business models.
  • Apply the VARs framework to analyze the business models and identify their strengths and weaknesses.
SQL Practice Problems
Develop your proficiency in data analysis by solving SQL practice problems.
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  • Find online resources or textbooks with SQL practice problems.
  • Attempt to solve the problems on your own.
Non-Financial Performance Measurement Report
Gain practical experience in measuring and analyzing non-financial aspects of business performance.
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  • Select a company or organization to analyze.
  • Identify relevant non-financial performance indicators.
  • Collect and analyze data to assess the organization's performance.
Tableau Data Visualization Tutorials
Enhance your data visualization skills by following guided tutorials on Tableau.
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  • Find reputable online tutorials or courses on Tableau.
  • Follow the tutorials and practice creating visualizations using Tableau.
Develop Your Business Strategy Case Study
Apply the concepts of business strategy to a real-world scenario by developing a comprehensive case study.
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Show steps
  • Identify a specific business or industry.
  • Analyze the business environment, competition, and customer needs.
  • Develop a comprehensive business strategy based on your analysis.

Career center

Learners who complete Organizational Concepts and Language will develop knowledge and skills that may be useful to these careers:
Científico de datos
Los Científicos de Datos son responsables de desarrollar y aplicar modelos de aprendizaje automático para resolver problemas empresariales. Este curso puede ser útil para los Científicos de Datos, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como análisis de datos y comunicación con datos, que son relevantes para el trabajo de los Científicos de Datos.
Especialista en Análisis de Datos
Los Especialistas en Análisis de Datos son responsables de recopilar, analizar e interpretar datos. Este curso puede ser útil para los Especialistas en Análisis de Datos, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como análisis de datos y comunicación con datos, que son relevantes para el trabajo de los Especialistas en Análisis de Datos.
Especialista en Estrategia
Los Especialistas en Estrategia son responsables de desarrollar e implementar estrategias para una empresa. Este curso puede ser útil para los Especialistas en Estrategia, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial y análisis de datos, que son relevantes para el trabajo de los Especialistas en Estrategia.
Gerente de Proyecto
Los Gerentes de Proyecto son responsables de planificar, ejecutar y cerrar proyectos. Este curso puede ser útil para los Gerentes de Proyecto, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial, gestión de procesos y análisis de datos, que son relevantes para el trabajo de los Gerentes de Proyecto.
Gerente de Producto
Los Gerentes de Producto son responsables de desarrollar y lanzar nuevos productos. Este curso puede ser útil para los Gerentes de Producto, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial, gestión de la innovación y análisis de datos, que son relevantes para el trabajo de los Gerentes de Producto.
Director de Operaciones
Los Directores de Operaciones son responsables de supervisar las operaciones diarias de una empresa. Este curso puede ser útil para los Directores de Operaciones, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial, gestión de procesos y análisis de datos, que son relevantes para el trabajo de los Directores de Operaciones.
Analista de Operaciones
Los Analistas de Operaciones son responsables de analizar y mejorar los procesos operativos de una empresa. Este curso puede ser útil para los Analistas de Operaciones, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como gestión de procesos y análisis de datos, que son relevantes para el trabajo de los Analistas de Operaciones.
Planificador Financiero
Los Planificadores Financieros son responsables de ayudar a los individuos y las familias a planificar sus finanzas. Este curso puede ser útil para los Planificadores Financieros, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como contabilidad y análisis de datos, que son relevantes para el trabajo de los Planificadores Financieros.
Analista de Investigación de Mercado
Los Analistas de Investigación de Mercado son responsables de recopilar y analizar datos sobre los consumidores y el mercado. Este curso puede ser útil para los Analistas de Investigación de Mercado, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como marketing y análisis de datos, que son relevantes para el trabajo de los Analistas de Investigación de Mercado.
Auditor
Los Auditores son responsables de examinar los estados financieros de una empresa para garantizar que sean precisos y completos. Este curso puede ser útil para los Auditores, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como contabilidad y análisis de datos, que son relevantes para el trabajo de los Auditores.
Gerente de marketing
Los Gerentes de Marketing son responsables de desarrollar e implementar estrategias de marketing para una empresa. Este curso puede ser útil para los Gerentes de Marketing, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como marketing y análisis de datos, que son relevantes para el trabajo de los Gerentes de Marketing.
Consultor de gestión
Los Consultores de Gestión ayudan a las empresas a identificar y resolver problemas. Este curso puede ser útil para los Consultores de Gestión, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial, análisis de datos y comunicación con datos, que son relevantes para el trabajo de los Consultores de Gestión.
Contador
Los Contadores son responsables de preparar y presentar los estados financieros de una empresa. Este curso puede ser útil para los Contadores, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como contabilidad y análisis de datos, que son relevantes para el trabajo de los Contadores.
Analista Financiero
Los Analistas Financieros son responsables de analizar los estados financieros de una empresa para evaluar su desempeño financiero. Este curso puede ser útil para los Analistas Financieros, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como contabilidad y análisis de datos, que son relevantes para el trabajo de los Analistas Financieros.
Analista de negocios
Los Analistas de Negocios ayudan a las empresas a mejorar sus procesos y sistemas. Este curso puede ser útil para los Analistas de Negocios, ya que proporciona una base en conceptos y marcos organizacionales comunes. El curso también cubre temas como estrategia empresarial, gestión de la innovación y análisis de datos, que son relevantes para el trabajo de los Analistas de Negocios.

Reading list

We've selected 14 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Organizational Concepts and Language.
This textbook provides a comprehensive overview of business strategy and is written in a clear and engaging style. It includes case studies and examples from a variety of industries, making it relevant to students from all backgrounds.
This classic textbook provides a comprehensive overview of marketing management and is used by business schools around the world. It includes the latest research and trends in marketing, making it essential reading for anyone who wants to stay up-to-date on the latest marketing techniques.
Provides a clear and concise framework for evaluating the quality of a strategy and is essential reading for anyone who wants to develop effective strategies.
This textbook provides a comprehensive overview of financial accounting and is written in a clear and concise style. It includes numerous examples and exercises, making it a valuable resource for students learning about financial accounting.
Provides a thought-provoking look at the challenges of innovation and must-read for anyone who wants to understand the process of innovation.
Provides a practical guide to the Lean Startup methodology and valuable resource for anyone who wants to start a new business or grow an existing business.
Provides a sweeping overview of human history and valuable resource for anyone who wants to understand the human condition.
Provides a thought-provoking look at the role of uncertainty in our lives and valuable resource for anyone who wants to understand how to deal with uncertainty.
Provides a practical guide to personal and professional effectiveness and valuable resource for anyone who wants to improve their productivity and effectiveness.
Provides a practical introduction to data visualization and is written in a clear and concise style. It includes numerous examples and exercises, making it a valuable resource for students learning about data visualization.
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Provides a new understanding of what motivates people and valuable resource for anyone who wants to improve their motivation and productivity.

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