OSNOVI POSLOVANJA

After passing the exam a student would be able to: 1. understand the nature of the firm and market environment in which it operatets; 2. understand theory of production and the cost theory; 3. recognize the importance of transaction costs in bringing business decisions; 4. understand the principal-agent problem within the separation of ownership and control context; 5. understand the role that innovation and technological changes play in contemporary economy; 6. be aware of the importance of flexible production technology and organization; 7. differentiate management concepts and tools used in creating strategic business alliances; 8. draw distinctions between international forms of production, human resource management, corporate control, and innovation.