Applied Economics for Managers

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Skills_Gap_Analysis.xlsx
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Project 1

Instructions: Review each item below and determine your current level of proficiency and the importance the item has for your career success. Use a scale of 1 to 7 (where 1 is low, and 7 is high). See Part 1, Item 1 below for an example, and then overwrite the sample ratings with your own ratings for this item. The gap for each item will be automatically calculated. Interpreting Your Results: In the example, the gap is -5. The large negative number indicates an item where current proficiency is low and career importance is high—so, this might be an item to address. A gap represented by a large positive number (e.g., 5) indicates that current proficiency is relatively high and career importance is relatively low. In this event, you would not want to pick the item as one to address. Write Reflection Summary: Use the text box at the bottom of the page to write a reflection of no more than 200 words describing the gaps you will work to reduce, why you selected them, and the activities you will pursue to develop your selected competencies.
Week 1 Week 1
Part 1: Personal Leadership Assessment, Goal-Setting, and Implementation Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. Using the same scale, select the number that best represents how important each item is for your career success. Gap
Communicating
1 I can organize a document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment. (1.1) 2 7 -5
2 I am able to develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation. (1.2) 0
3 I can provide sufficient, correctly cited support that substantiates the writer’s ideas. (1.3) 0
4 I am able to tailor communications to the audience. (1.4) 0
5 I use sentence structure appropriate to the task, message, and audience. (1.5) 0
6 I follow conventions of Standard Written English. (1.6) 0
7 I create neat and professional looking documents appropriate for the project or presentation. (1.7) 0
8 I create clear oral messages. (1.8) 0
0
Critical Thinking and Analysis 0
9 I am able to identify and clearly explain the issue, question, or problem under critical consideration. (2.1) 0
10 I am able to locate and access sufficient information to investigate the issue or problem. (2.2) 0
11 I can evaluate the information in a logical and organized manner to determine its value and relevance to the problem. (2.3) 0
12 I will consider and analyze information in context to the issue or problem. (2.4) 0
13 I develop well-reasoned ideas, conclusions, or decisions, checking them against relevant criteria and benchmarks. (2.5) 0
0
Quantitative Reasoning 0
14 I identify numerical or mathematical information that is relevant in a problem or situation. (3.1) 0
15 I employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution. (3.2) 0
16 I will analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data. (3.3) 0
17 I employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making. (3.4) 0
0
Leadership, Facilitation, and Collaboration 0
18 I can lead and/or participate in a diverse group to accomplish projects and assignments. (4.1) 0
19 I demonstrate the ability to plan and execute a project, articulating clear objectives and goals for the team. (4.2) 0
20 I will contribute to team projects, assignments, or organizational goals as an engaged member of a team. (4.3) 0
21 I demonstrate diversity and inclusiveness in a team setting. (4.4) 0
Gap for Leadership: Use your gap analysis to identify your gap for leadership and select one of the above to work on this semester.
Gap 1 (Provide the number from column B and the description from column C):
Week 1 Week 1
Part 2: Strategic Decision Making Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. Using the same scale, select the number that best represents how important each item is for your career success. Gap
1 Develop constructive resolutions for ethical dilemmas based on application of ethical theories, principles and models. (5.1) 0
2 I can apply relevant microeconomics principles to support strategic decisions for the organization. (10.1) 0
3 Analyze costs and revenues for varying levels of production. (10.1.1) 0
4 Determine optimal level of production by equating marginal costs to marginal revenues. (10.1.2) 0
5 Distinguish between three different industry structures—competitive, oligopoly and monopoly—to enable financial decisions. (10.1.3) 0
6 I can analyze financial statements to evaluate and optimize organizational performance. (10.2) 0
7 Determine the impact of transactions carried out by an organization on their income statement, balance sheet, and statement of cash flows. (10.2.1) 0
8 Evaluate organizational performance, prospects, and financial risk by analysis of financial statements using tools such as financial ratios. (10.2.2) 0
9 Make recommendations to improve organizational performance based on the analysis of the financial statements. (10.2.3) 0
10 Evaluate financial reports and practices for compliance with ethical principles and regulatory requirements. (10.2.4) 0
11 Determine optimal financial decisions in pursuit of an organization's goals. (10.3) 0
12 Apply capital budgeting techniques based on time value of money to select capital projects. (10.3.1) 0
13 Evaluate how effectively capital expenditures support organizational strategy. (10.3.2) 0
14 Develop a budget and forecasts for capital expenditures to support organizational strategy initiatives.(10.3.3) 0
15 Make strategic managerial decisions for obtaining capital required for achieving organizational goals. (10.4) 0
16 Evaluate long-term capital structure to support organizational strategy. (10.4.1) 0
17 Assess sources of funds and future liabilities to develop a strategy for financial risk mitigation. (10.4.2) 0
18 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions. (10.5) 0
19 Develop budget and forecasts for strategic initiatives (market entry, production, operations, org. design). (10.5.1) 0
20 Develop market revenue forecasts for strategic initiatives (total market, target market, and market share), justifying market forecast assumptions. (10.5.2) 0
21 Apply cost-volume-profit analysis. (10.5.3) 0
22 Allocate costs of shared resources to different products and implement activity based pricing. (10.5.4) 0
23 Assess market risk and opportunity. (12.1) 0
24 Evaluate a value proposition for a product/service and identify similarities and differences from competitive offerings. (12.1.1) 0
25 Develop and/or recommend appropriate market research tools to gauge market potential of a particular product/service. (12.1.2) 0
26 Prepare demand estimates for potential, available and target markets for a specific product/service. (12.1.3) 0
27 Complete a risk analysis of a new product/service and develop strategies to mitigate the potential risks. (12.1.4) 0
28 Evaluate macro-economic and industry-wide forecasts of a select product/service and identify areas of potential risks and opportunities. (12.1.5) 0
Gap for Strategic Decision Making: Use your gap analysis to identify your gap for strategic decision making and select one of the above to work on this semester.
Gap 2 (Provide the number from column B and the description from column C):

Write your reflection summary here.

Project 5

Instructions: Review each item below and determine your current level of proficiency and the importance the item has for your career success. Use a scale of 1 to 7 (where 1 is low, and 7 is high). See Part 1, Item 1 below for an example, and then overwrite the sample ratings with your own ratings for this item. The gap for each item will be automatically calculated. Interpreting Your Results: In the example, the gap is -5. The large negative number indicates an item where current proficiency is low and career importance is high—so, this might be an item to address. A gap represented by a large positive number (e.g., 5) indicates that current proficiency is relatively high and career importance is relatively low. In this event, you would not want to pick the item as one to address. Write Reflection Summary: Use the text box at the bottom of the page to write a reflection of no more than 200 words that identifies the skill gaps you worked to reduce over the past 10 weeks and discusses whether and how much you improved. Also reflect on the learning activities you pursued to help you develop your selected competencies.
Week 11 Week 11
Part 1: Personal Leadership Assessment, Goal-Setting, and Implementation Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. Using the same scale, select the number that best represents how important each item is for your career success. Gap
Communicating
1 I can organize a document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment. (1.1) 2 7 -5
2 I am able to develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation. (1.2) 0
3 I can provide sufficient, correctly cited support that substantiates the writer’s ideas. (1.3) 0
4 I am able to tailor communications to the audience. (1.4) 0
5 I use sentence structure appropriate to the task, message, and audience. (1.5) 0
6 I follow conventions of Standard Written English. (1.6) 0
7 I create neat and professional looking documents appropriate for the project or presentation. (1.7) 0
8 I create clear oral messages. (1.8) 0
0
Critical Thinking and Analysis 0
9 I am able to identify and clearly explain the issue, question, or problem under critical consideration. (2.1) 0
10 I am able to locate and access sufficient information to investigate the issue or problem. (2.2) 0
11 I can evaluate the information in a logical and organized manner to determine its value and relevance to the problem. (2.3) 0
12 I will consider and analyze information in context to the issue or problem. (2.4) 0
13 I develop well-reasoned ideas, conclusions, or decisions, checking them against relevant criteria and benchmarks. (2.5) 0
0
Quantitative Reasoning 0
14 I identify numerical or mathematical information that is relevant in a problem or situation. (3.1) 0
15 I employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution. (3.2) 0
16 I will analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data. (3.3) 0
17 I employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making. (3.4) 0
0
Leadership, Facilitation, and Collaboration 0
18 I can lead and/or participate in a diverse group to accomplish projects and assignments. (4.1) 0
19 I demonstrate the ability to plan and execute a project, articulating clear objectives and goals for the team. (4.2) 0
20 I will contribute to team projects, assignments, or organizational goals as an engaged member of a team. (4.3) 0
21 I demonstrate diversity and inclusiveness in a team setting. (4.4) 0
Gap for Leadership: Use your gap analysis to identify your gap for leadership and select one of the above to work on this semester.
Gap 1 (Provide the number from column B and the description from column C):
Week 11 Week 11
Part 2: Strategic Decision Making Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. Using the same scale, select the number that best represents how important each item is for your career success. Gap
1 Develop constructive resolutions for ethical dilemmas based on application of ethical theories, principles and models. (5.1) 0
2 I can apply relevant microeconomics principles to support strategic decisions for the organization. (10.1) 0
3 Analyze costs and revenues for varying levels of production. (10.1.1) 0
4 Determine optimal level of production by equating marginal costs to marginal revenues. (10.1.2) 0
5 Distinguish between three different industry structures—competitive, oligopoly and monopoly—to enable financial decisions. (10.1.3) 0
6 I can analyze financial statements to evaluate and optimize organizational performance. (10.2) 0
7 Determine the impact of transactions carried out by an organization on their income statement, balance sheet, and statement of cash flows. (10.2.1) 0
8 Evaluate organizational performance, prospects, and financial risk by analysis of financial statements using tools such as financial ratios. (10.2.2) 0
9 Make recommendations to improve organizational performance based on the analysis of the financial statements. (10.2.3) 0
10 Evaluate financial reports and practices for compliance with ethical principles and regulatory requirements. (10.2.4) 0
11 Determine optimal financial decisions in pursuit of an organization's goals. (10.3) 0
12 Apply capital budgeting techniques based on time value of money to select capital projects. (10.3.1) 0
13 Evaluate how effectively capital expenditures support organizational strategy. (10.3.2) 0
14 Develop a budget and forecasts for capital expenditures to support organizational strategy initiatives.(10.3.3) 0
15 Make strategic managerial decisions for obtaining capital required for achieving organizational goals. (10.4) 0
16 Evaluate long-term capital structure to support organizational strategy. (10.4.1) 0
17 Assess sources of funds and future liabilities to develop a strategy for financial risk mitigation. (10.4.2) 0
18 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions. (10.5) 0
19 Develop budget and forecasts for strategic initiatives (market entry, production, operations, org. design). (10.5.1) 0
20 Develop market revenue forecasts for strategic initiatives (total market, target market, and market share), justifying market forecast assumptions. (10.5.2) 0
21 Apply cost-volume-profit analysis. (10.5.3) 0
22 Allocate costs of shared resources to different products and implement activity based pricing. (10.5.4) 0
23 Assess market risk and opportunity. (12.1) 0
24 Evaluate a value proposition for a product/service and identify similarities and differences from competitive offerings. (12.1.1) 0
25 Develop and/or recommend appropriate market research tools to gauge market potential of a particular product/service. (12.1.2) 0
26 Prepare demand estimates for potential, available and target markets for a specific product/service. (12.1.3) 0
27 Complete a risk analysis of a new product/service and develop strategies to mitigate the potential risks. (12.1.4) 0
28 Evaluate macro-economic and industry-wide forecasts of a select product/service and identify areas of potential risks and opportunities. (12.1.5) 0
Gap for Strategic Decision Making: Use your gap analysis to identify your gap for strategic decision making and select one of the above to work on this semester.
Gap 2 (Provide the number from column B and the description from column C):

Write your reflection summary here.