Tuesday, October 28, 2003

More classes today:

Organizational Behavior: focuses on organizations and offers three different perspectives:
- Strategic: Organizations are machines, action comes through planning and we are an architect
- Political: Organizations are contest or war, action comes through power and we are politicians
- Cultural: Organizations are a set of values, action comes from habit and we are an anthropologist
Teacher's Romanian. It is hard to form an opinion after one class so I will hold my tongue.

Managerial Accounting: Financial accounting focuses on reporting to satisfy outside users (investors, regulating bodies, etc...) and managerial accounting proposes to give tools to report meaningful data in order to make informed managerial decisions and and generate value. It sets out to answer the following questions:
- What information do we need for competitive success?
- How can we evaluate or design information systems?
- How do we make decisions to enhance value?
- How do we delegate decisions and provide incentives to managers?

The teacher's name is Igor so he is obviously...
...American. A bit of a showman with comments such as:
- the best way to get a good mark at class participation is to toss me some really easy questions to make me look really competent.

We were served a delicious Indian breakfast during the break so quite a few people came late into class. This is very disrepectful to professors but one of the students had a brilliant comment:
" the food was quite spicy which is the reason why I am late"

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