Overview of the modern business as a system, its components and how they relate to each other and society. Includes an introduction to financial statements and financial analysis. The pursuit of improvement, as one of the major dimensions of IE, requires incorporating explicitly in the design of business systems and processes the mechanisms for continuous improvement to find efficiencies and promote effectiveness. A business system is a set of interactive and interdependent components that act together to achieve an objective or purpose, that involve human, information, and economic factors to operate any business entity. An enterprise should be managed as a system, not as a set of processes linking traditional vertical hierarchies. As graduates enter the world of business, they would benefit from understanding early on, the fundamental managerial elements they can use immediately in any function and how to expand their application as they gain broader responsibilities, all the way to the C-level of executive management. #TeachAcademicsInAsia
