10-1 Discussion: Review and Reflection

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ybxrl1000

Mathematics

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***See attached word doc for the two peer review responses

1. Imagine you are in a job interview and you want to highlight some of your professional skills. Discuss two skills that you feel have been developed in this course and how you would present those skills to a potential employer.

2. In response to two of your peers, comment on the skills that they chose to present and how you would perceive them as an employer.

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• Imagine you are in a job interview and you want to highlight some of your professional skills. Discuss two skills that you feel have been developed in this course and how you would present those skills to a potential employer. • In response to your peers, comment on the skills that they chose to present and how you would perceive them as an employer. Peer Review #1 Joy Lowe posted Apr 15, 2018 10:44 PM While on the path to receiving my Masters degree in Organizational Leadership at SNHU, I was able to sharpen my finance skills during a Math and Statistics course I attended. I can help you with forecasting and budgeting for the company. I developed an amortization chart using Excel, giving me a deeper understanding of interest rates. This leads to being able to make better decisions about business loans, if the need arises. I will also be able to help you to make decisions about new investments by giving you a projection of cash flow based on past trends and current factors. These pieces of data are a vital puzzle piece to making major financial decisions on how to keep the business profitable (Dahl, 2013). I understand you had an event last month that you were trying to raise money for unemployed veterans. If you had told me that your goal was to raise $100,000 by selling tickets to the event, I can calculate for you how many tickets you would have to sell at a particular price or multiple prices. I can provide this for you with confidence that your cost for the event will be covered and you will be able to meet your fundraising goals. I will also be able to provide this for you with the new manufacturing division in the company. If you need to know how many pieces need to be sold, I will be able to analyze and report for you the data you need to make your profit goals. I will also be able to analyze the costs of the parts that make up your product. For example, if you told me you were about to finalize a deal to get 5 units of a component, I could tell you how many products we can manufacture using those components. Being able to analyze costs of production, interest and future projections are beneficial for your Senior Strategic Officer to possess. The person in this position should be able to provide data to you accurately and timely in order to make decisions for the company. My background experience in Finance along with my recent education make me confident in providing this for you. Resource Dahl, D. (May 23, 2013). Why forecasting leads to success in your business. Forbes. Retrieved from: https://www.forbes.com/sites Peer Review #2 Stephanie Hoskins posted Apr 15, 2018 3:18 PM Through my coursework at SNHU, I have had the opportunity to fine-tune my Microsoft Excel skills. I now better understand how the program can be used to interpret mathematical and financial data. I can now use different sets of data to create graphs. These graphs can be used to present historical operational information to colleagues in a visual way and can provide a general overview of the impact that the changes have on the organization or on a specific project. Visual representations are incredibly helpful in teaching different groups of people about operational initiatives in an approachable and easy to understand way. This will allow me to better communicate with different teams across the organization and have the informational arsenal necessary to best explain different aspects of the overall business plan. I’ve learned that it is best to prepare information in ways that multiple perspectives can easily understand instead of just expecting individuals to think exactly as I do. Beyond Microsoft Excel, I now also have a better understanding of financial modeling which will allow me to better project manage different initiatives within any organization. I am able to assess the current status of a project’s budget (by using cost analysis and profit functions) and use derivatives to forecast changes that may impact the budget in the future (Lial, Hungerford, Holcomb, & Mullins, 2018). Say a project is completely dependent on the company being in a healthy market position but three months into the project, there is a drop in the overall market. This would cause the company’s position to be negatively impacted and the project may be in jeopardy. By using derivatives, I would be able to predict financial scenarios and provide an analysis regarding the thresholds for which the project would be sustainable versus insupportable. With possession of the skills to look at the overall picture, I am more prepared, as an employee, to help operations teams adjust to changes and work on projects under a more defined budget. Reference Lial, M. L., Hungerford, T. W., Holcomb, J. P., & Mullins, B. (2018). Mathematics with applications: in the management, natural, and social sciences / Margaret L. Lial. Boston: Pearson Education.
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Response 1
Great post Joy! I do agree that on the path to Master’s degree one sharpens finance skills
through the Math and Statistics course. This assists one in forecasting and budgeting for a given
company. One can come up the amortization chart by use of Excel thus assisting in gaining a
better understanding of the interest rates. This type of chart is useful when making decisions
about loans within the business. In addition, it assists in making a decision concerning
investments by providing a projection of the cash flow.
As an employer, I would look for the ability to analyze the costs of production, and the
interest as well as the future projections from the employers. An employee in my organization
has to be able...


Anonymous
Really great stuff, couldn't ask for more.

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