MBA

    This is the final week of the Bus 501 course, my second course in my MBA journey. As doctor and researcher, I have previous experience in statistics. However, this course was good revision for basic statistics. In addition, it enhanced my Excel experience and made me realize other uses of statistics, rather than biostatistics and uses for diseases and patients. Even the businesses use the same principle to analyze the markets, and enhance their businesses.  By applying various statistical methods and techniques, companies can uncover patterns, trends, and relationships within their data, enabling them to make informed decisions, set goals, and optimize processes (GreeksforGreeks, 2024). This week was heavy with many lectures on MBA math. However, my desire to get an A in this course motivated me to complete all lectures. During the course, I built my own Excel sheet that contains all formulas that I learned during the course. This will be very helpful for me during my...

    This weeks I learned about operation management (OM) and different related concepts. OM is how to manage and perform the highest level of efficiency for maximum profit for the organization (Hayes, 2024). The lecture in this module is rich and informative. It discussed different concepts such as management science, the differences between strategic and tactical decisions, and data analytics. Another related topic I learned is supply chain management (Fernando, 2024) and the discussion deepen my understanding on supply chain after reading, searching and discussion with colleagues about an excellent example of Amazon Co.  I found an old article (Glimore & Pine, 1997) on the concept of mass customization. This surprised me as I realized that the concept is not new. The article explore how companies can tailor products and services to individual customer needs while maintaining the efficiencies of mass production. They identify four distinct approaches to mass cus...