The aim of the course is to develop the knowledge about firms’ processes, and to introduce the student in the logics, methods and tools of firms’ management, in order to understand the economic processes, the organization of resources and the measurement of operations. The student must acquire the basic concepts regarding firms as a system, their structure and management, with particular attention to values generated by operations and their presentation in financial scheme. The student will also have to develop interpretative skills of firms’ financial results.
The course is aimed at first year students of the three-year degree course, so basic mathematical knowledge is required, normally acquired in primary and secondary education. The topics will be treated transversely, allowing any background to easily understand the issues and reach a homogeneous level of knowledge.
Institutional aspects of business administration: object and method of business administration, concept and definition of firms, the corporate finalism, the characteristics of firms, classification of companies, firms as a system, stakeholders and firm’s governance.Analysis of the main firm’s processes: financing process, sales, supply of current factors, acquisition of human resources, procurement of plurennial factors.Analysis of values: control of efficiency, effectiveness, economy; concepts of capital and income, economic, financial and patrimonial equilibrium; cost measurement, breakeven point analysis, fund and flows analysis.
The first part of the course introduces to the institutional issues of business administration related to the basic concepts of the discipline. The second part of the course deepens the activities and characteristics of operations and processes of a firm. The third part of the course develops some models useful to represent firms’ operations through economic and financial variances, flows and funds, capital and income.
The course includes lectures and exercises. The latter concern, in particular, the methodological and interpretative aspects of the values resulting from operations and the financial reporting. The knowledge acquired will be constantly stimulated in their application by analysing case studies drawn from current events and selected by the teacher.
1) Cavalieri E., Ferraris Franceschi R., Economia aziendale, vol. I, Attività aziendale e processi produttivi, Giappichelli, u.e.
The final exam includes a compulsory written test, concerning both general theory and quantitative subjects, and articulated in questions with a closed, open and exercises answer. Based on the results of the written test, the student must take an oral interview by formulating three or more questions. During the course, some exercises will be used as opportunities for student’s self-assessment, they can be considered as intermediate tests in case of a sufficient grade.