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Essay / Research Paper Abstract
A 12 page paper reflecting on the end of an MBA course of study and relating the topics of three classes – Managerial Economics, Marketing and Strategic Management – to the "real world" in which the MBA student works. The student owns a restaurant so the paper uses restaurant examples. Sections of the paper are Review, Analysis and Recommendations, each of which lead to the purpose of putting new knowledge into practice. Bibliography lists 7 sources.
Page Count:
12 pages (~225 words per page)
File: CC6_KSmgmtRefl.rtf
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Unformatted sample text from the term paper:
from your work. Otherwise, Ive offered additional information in the same vein as that which you already had so that you could combine the two when writing your own
paper. I also have not included a "Reflections" section at the end because of my lack of specific knowledge about your business. What youve written appears to be
quite good, however. JM-C Introduction There is value in gaining knowledge for learnings own sake, but the end goal of the MBA
focus is to gain knowledge that is then put into practice in real-world situations. Reflecting on the Managerial Economics, Marketing and Strategic Management courses, one student finds that the
three have contributed a wealth of practical knowledge that can be used right away. Review Managerial Economics This area of study provided much
new information, review of known concepts and integrated both to bring into clear focus the need for a firm grasp of at least the basic concepts of microeconomics - choices
available to the household or organization - and macroeconomics and how external economic conditions affect individual choices either at home or in managing a business. "Managerial economics draws on
both of these branches of economics during the decision process" (McGuigan, Moyer & Harris, 2002, p. 5). An example lies in applying the concept of supply and demand to
hourly labor in a small business. Supply and Demand The law of supply and demand holds that as supply increases, price decreases.
This in turn should increase demand for the product, which eventually will strain the supply side to increase prices again. The ultimate effect is to establish and maintain price,
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