Finance

Knowledge of business finance is crucial in running any business. The primary activities of Finance are:

  • To ensure the availability of funds to carry out various activities of business
  • To optimize and increase the capital through better management of funds
  • To allocate funds to improve the overall profitability of the business

To optimize each of these activities & to ensure sustained availability of resources, understanding of various aspects in business finance is critical. Finance managers have to study questions such as:

  • How much capital is required to manage company operations?
  • What is the best way to fund a company’s capital needs? How much leverage is adequate?
  • What is the most effective way to deploy existing capital?
  • How can the cost of capital be minimised?
  • How to manage the cash flow?

In the modern corporation, dynamic finance management can be a prime tool in maximising return on investment and enhanced profitability. At TMTC we understand that the better organizations understand finance, the better they are prepared to meet tomorrow’s challenges. From basic financial skills for operating managers, to modern finance for whiz kids on the fast track, TMTC caters to both ends of the corporate ladder.

Economics

Someone once said of Economics that it is the most complicated simple subject! What's more, the business decisions that can be influenced by economic factors are complex too. 

To make decision making less complex, it is thus important for business executives to develop economic sense, so that the critical business decisions they are empowered to make -whether strategic or tactical, and whether at the micro or macro level-  are better informed. To assure the success of their companies and maximize their profitability, business managers have to constantly work with enormous amount of data – some timely and relevant, while some uncertain and unavailable- to predict the outcomes of each choice in the decision making process.

Business decisions are impacted by the scarcity of resources that leads to critical choices. Managers are routinely faced with decisions influenced by economic logic related to pricing; costs and revenues; the behavior of competition; the state of the industry, its structure and nature; resource availability and efficiency, among other factors. This is at the micro level. 

At the macro level, managers need to keep themselves abreast of conditions in the prevailing economic environment related to governmental policies; business cycles; inflation; international exposure with respect to trade and foreign exchange; labour and employment; aggregate demand and supply with respect to economic growth; etc. 

In addition to an understanding of local and national trends, a global perspective is equally necessary to appreciate the changing dynamics of the external environment, and the inter-dependencies of the internal environment with it. 

An understanding of all these issues is essential to navigate the complex economic, political, regulatory, social and legal context of business.

TMTC offers suitable and carefully designed modules which provide exposure to various economic theories, tools and techniques that help managers make more effective decisions in domestic and international contexts.