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Opportunity Costs: How It Impacts Your Business

 

Gain a solid understanding of opportunity cost and how to incorporate it in your analysis and business decision making.

Decision makers always look at only cash expense as the cost associated with an undertaking but forget the other aspect which does not form a line item in the P&L, the opportunity cost. Opportunity cost lies at the heart of making economic decision making, a concept which is taught in top MBA schools all over the word. This topic will help you to identify and include opportunity cost in decision making as well as look at how to compute economic profits. The topic will help you explore ways to evaluate alternative undertakings and make business decisions based on opportunity costs and economic profits.

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Opportunity Costs: How It Impacts Your Business

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Opportunity Costs: How It Impacts Your Business

Faculty

Saeed Akbani

Saeed Akbani

Data Dynamics

  • Senior Vice President and COO at Data Dynamics
  • Technology leader with 20+ years of experience in product development and consulting
  • Has held senior positions at world-class organizations like PwC, IBM, and EDS, where he worked with customers helping them create value through cost-cutting and revenue-enhancing initiatives
  • Successfully led numerous strategic initiatives for his clients and past employers delivering complex systems on time and within budget
  • Worked with numerous clients in different industries such as automotive, warehousing, pharmaceuticals, telecommunications, health care, and utilities
  • M.B.A. degree, Olin School of Business at Washington University; master’s degree in electrical engineering, University of Michigan; and bachelor’s degree in electrical engineering, Washington University
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Opportunity Costs: How It Impacts Your Business

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