The Virtual Mba

AMBAI ELECTRONIC TEXTBOOK

The

Virtual

MBA

A comprehensive coverage of The skills needed by today's business managers, from E-commerce to accounting To Supply Chain Management

American Management & Business Administration Institute

with faculty of the

C. J. Kasis

The Virtual MBA

2

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Copyright © 2000/2001 C.J.Kasis & AMBAI - 955 Massachusetts Ave. # 3000, Cambridge, MA 02139-3180 – Email: cjk@ambai.org All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the copyright owner. Developed by C. J. Kasis, M.Sc. (Economics) with faculty of the American Management and Business Management Institute as support of its free Certificate Program in Management and Business Administration. Acknowledgment My recognition to my colleagues at AMBAI for their contribution to this effort. I am very grateful to my good friend, mentor and former boss Laurence Diamond for his invaluable advice in many technical aspects and for the editing of the manuscript. Special thanks to my wife Olga for her help and support. CJK Published electronically as an eBook by the American Management & Business Administration Institute

2 American Management & Business Administration Institute

The Virtual MBA

3

CONTENTS

Chapter I - The...