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Live Webinar

60-minute live streaming program
  • September 30
  • 1:00 - 2:00 pm EST

Opportunity Costs: How It Impacts Your Business

September 30

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.

Learning Objectives

  • You will be able to identify age old profit equation.
  • You will be able to discuss drilling deeper and understanding costs.
  • You will be able to recognize why companies outsource as opposed to doing certain tasks themselves.
  • You will be able to describe a possible framework for evaluating alternatives and making decisions.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Understanding Age Old Profit Equation

Drilling Deeper and Understanding Costs

Some Real-World Examples of Opportunity Costs in Decision Making

Why Do Companies Outsource as Opposed to Doing Certain Tasks Themselves?

A Possible Framework for Evaluating Alternatives and Making Decisions

Case Study – Outsourcing IT Service

Concluding Remarks and Question and Answer

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.2 including Management Services 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, business owners and managers, accountants, supervisors, directors, and associates.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 409273
Published 2021
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