marcus k: How important is the knowledge of economics in management?
Do I need to go beyond a basic, university economics class to succeed as an executive? How applicable/ practical would my knowledge of economics be if I wanted to be a CEO of a Fortune 500 company (regardless the industry)? Would you say that knowledge of marketing, finance, accounting, supply chain, and organizational behavior be more important? I would appreciate a ranking of the subjects in terms of importance.
Answers and Views:
Answer by Francis D
As a matter of fact, economics is pretty much everything. Its all about cost effectiveness, and benefit and cost analysis…Getting a degree in economics is crucial to being a Ceo….And sometimes you can get a degree in management, but cant manage…..But in economics, you can do the economics if you study it..unless you didnt really study…