This course utilizes a business plan development model to study the interrelationships among business functional areas and provide an understanding of how businesses create value. It provides skills for successful team management and business communication, including an understanding of the language of business, considers the economic, legal, and social environments in which business operates, and introduces the principles of responsible business practices.
Throughout this course, there were a lot of information that was taught about the broad aspects of business and how to put it into the real world. I learned how to work in a team of four people to research about a corporation named Costco. We were very intrigued about how their business has changed throughout the years. When working as a team, we were able to collaborate efficiently and effectively to find a common goal and execute the project together as a team. We have successfully applied all nine building blocks of the Business Model Canvas to our desired corporation and applied strengths and/or weaknesses if needed.