Hayek Faculty Workshops aim to provide professors with the necessary tools for their courses, including planning, conducting classes, evaluating students and themselves.

In theory all businesses are at best, an abstract idea providing goods and services in competitive markets. So what happens when theory crashes with the real world. There are many unexpected outcomes; unpleasant, funny, frightful, illegal, and sometimes deadly. 

How do you deal with corruption and fraud risks in a company? Establish controls. But since absolute control is impossible, we have to craft it and manage in an environment with proper incentives aligned with workable checks and balances understanding that all that we do and touch is imperfect.

The class is designed to provide specific tool to deal with the real world. It will address effective communication, how to deal with the most common fraud problems in business, the cost benefits of bureaucracy, due diligence practices and much more!

This course addresses key competencies on strategy and brings together different business leadership perspectives: environment analysis, business strategy, market competition and setting goals. Being able to thinking strategically by understanding the competitive arena and becoming an on strategic planning will leverage your leadership skills to a whole new level.

The program is divided in two major sessions: strategy and market competition.

People are the most important asset in an organization, we all know (or should know that). Even though the company´s goal should be to maximize profits, having a workplace that is characterized by good HRM practices will help attract talents. Essentially, quality of life at work and well-being are just as important as career development opportunities. So how to select the best people? What criteria and techniques should you use? How do you know if the person-organization fit is adequate? How can the company establish training and career development opportunities? What about flexibility and work-life balance? How can make the work environment be a healthy, and great place for colleagues to be friends, while still getting the work done? And when and how do you decide to discharge people?

This is the introductory course of the Hayek Global MBA program. It is an 100% online, 8 week long course, with one live 3 hour sessions per week by webconference. 

Success of business is greatly affected by the quality of its management. There is such thing as good vs bad management, and it matters, a lot! Further, the quality of management varies greatly among businesses and countries, as is shown in various litterature. Believe it or not, few companies practice good management.

But what are in fact the best practices of good management? 

If you were in charge would you be able to build a business plan from scratch to design incentive schemes, create performance indicators, create control processes to mitigate fraud risks, among others? 

Why care? Let´s just that with great management skills comes great opportunities.

The economics of business success comes down to creating the most value for the least amount of resources.

How do businesses get the most out what they do? This problem has been analyzed dating back from Adam Smith, Alfred Marshall, to David Ricardo and Friedrich Hayek, on concepts ranging from gains from specialization, marginal utility, economies of scale, comparative advantages, and virtues of decentralized planning.

Economics gives you powerful tools to understand the world, and this course is about applying economic insights to guide day to day business decision making.

Running a business without numbers is like piloting an airplane blindfolded with no map or GPS. Running it with the wrong numbers is like piloting the plane with the wrong map, or a glitched GPS!  You think you know what is happening but you only see mirages and illusions. Producing and recording numbers correctly is essential.

The bigger the business, the more complex the problem becomes. There are  many different moving parts in a company, and the problem of recording and categorizing of these numbers can become very overwhelming. Fortunately “bookkeeping,“ has evolved over time into a science, namely accounting. 

What´s a balance sheet for? How do you put together a profit and loss (P&L) report? 

This course will cover the role and big picture of accounting, based on international standards.

In business practice, you trade and relate with people in the exchange goods and services, or to work together in teams. In the end of the day it's an exercise to constantly find mutual interest.

Ability to negotiate on the terms of these trades and relationships is another crucial aspect to success in business. Good negotiation is a trainable ability and can create a lot of value to the organization your career.

This course will give you the tools and training you need to become a great negotiator. 

We are learning to be more efficient, to sell more, to cut costs, maximize profits, but… why?

Business happens in the context of social interactions, and there are many conflicting views to its morality. It is important to understand under which conditions it makes society better off. We take the stance that ethical business practice, under purposeful, voluntary and transparent transactions is virtuous. 

This course will complement the vocational training of the Global MBA program to spark in you a deeper appreciation for the virtues of business practice. 

“In God we trust, all others must bring data.” – is a phrase attributed to Edward Deming. Numbers don't lie, and as technologies become more sophisticated, data driven decision making skills become a must in the 21st century. 

Numbers aren't always there neatly organized for you to analyze. How do you come about doing the dirty work of transforming messy chunks of numbers into insights you can use for your organization to decide upon? 

Also, correlation is not causation. In other words, you have to analyze not only numbers but also are understand if the appropriate variables of the problem at hand are taken into consideration.

This course will train you to use data to guide you in the company's decision-making.

The course has been developed so that students can conceptualize the importance of sales and marketing in any business, and how to obtain and use the information available to create and implement successful strategies, as well as take better decisions to gain more value from the sales environment.

In theory all businesses are at best, an abstract idea providing goods and services in competitive markets. So what happens when theory crashes with the real world. There are many unexpected outcomes; unpleasant, funny, frightful, illegal, and sometimes deadly. 

How do you deal with corruption and fraud risks in a company? Establish controls. But since absolute control is impossible, we have to craft it and manage in an environment with proper incentives aligned with workable checks and balances understanding that all that we do and touch is imperfect.

The class is designed to provide specific tool to deal with the real world. It will address effective communication, how to deal with the most common fraud problems in business, the cost benefits of bureaucracy, due diligence practices and much more!

People are the most important asset in an organization, we all know (or should know that). Even though the company's goal should be to maximize profits, having a workplace that is characterized by good HRM practices will help attract talents. Essentially, quality of life at work and well-being are just as important as career development opportunities. So how to select the best people? What criteria and techniques should you use? How do you know if the person-organization fit is adequate? How can the company establish training and career development opportunities? What about flexibility and work-life balance? How to make the work environment a healthy and great place for colleagues to be friends, while still getting the work done? And when and how to decide to discharge people?

This is the introductory course of the Hayek Global MBA program. It is an 100% online, 8 week long course, with one live 3 hour sessions per week by webconference. 

Success of business is greatly affected by the quality of its management. There is such thing as good vs bad management, and it matters, a lot! Further, the quality of management varies greatly among businesses and countries, as is shown in various litterature. Believe it or not, few companies practice good management.

But what are in fact the best practices of good management? 

If you were in charge would you be able to build a business plan from scratch to design incentive schemes, create performance indicators, create control processes to mitigate fraud risks, among others? 

Why care? Let´s just that with great management skills comes great opportunities.

At the end of the MBA, the students will use the knowledge they acquired during the MBA program to apply it to a real-life project in a business, while they also will discuss leadership skills.

Students will work in teams, guided by a professor and in partnership with a business. They will develop a consultancy related to a challenge that the business is facing, analyzing the problem, and proposing solutions. Professors will advise students according to their expertise. 

The course has been developed so that students can conceptualize the importance of sales and marketing in any business, and how to obtain and use the information available to create and implement successful strategies, as well as take better decisions to gain more value from the sales environment.

This course addresses key competencies on strategy and brings together different business leadership perspectives: environment analysis, business strategy, market competition and setting goals. Being able to thinking strategically by understanding the competitive arena and becoming an on strategic planning will leverage your leadership skills to a whole new level.

The program is divided in two major sessions: strategy and market competition.

The class is designed to provide specific tools to deal with real situations in the market.  According to an international survey of company recruiters, the most desired skills were strategic thinking, creative problem-solving, leadership, communication, analytical thinking, and the ability to work collaboratively. MBAs are also expected to be more than problem solvers with excellent interpersonal skills.

This course is designed as a series of seminars on specific topics related to what hiring managers have requested. 

Running a business without numbers is like piloting an airplane blindfolded with no map or GPS. Running it with the wrong numbers is like piloting the plane with the wrong map, or a glitched GPS!  You think you know what is happening but you only see mirages and illusions. Recording and producing numbers correctly is essential.

This is the role of Accounting. This course will cover the role and big picture of accounting, based on international standards.

Success of business is greatly affected by the quality of its management. There is such thing as good vs bad management, and it matters, a lot! Further, the quality of management varies greatly among businesses and countries, as is shown in various litterature. Believe it or not, few companies practice good management.

But what are in fact the best practices of good management? 

This is to prepare you to change the management structure of a company and design incentive schemes, create performance indicators, create control processes to monitor results, among others.

People are the most important asset in an organization, we all know (or should know that). Even though the company's goal should be to maximize profits, having a workplace that is characterized by good HRM practices will help attract talents. Essentially, quality of life at work and well-being are just as important as career development opportunities. So how to select the best people? What criteria and techniques should you use? How do you know if the person-organization fit is adequate? How can the company establish training and career development opportunities? What about flexibility and work-life balance? How to make the work environment a healthy and great place for colleagues to be friends, while still getting the work done? And when and how to decide to discharge people?

At the end of the MBA, the students will use the knowledge they acquired during the MBA program to apply it to a real-life project in a business, while they also will discuss leadership skills.

Students will work in teams, guided by a professor and in partnership with a business. They will develop a consultancy related to a challenge that the business is facing, analyzing the problem, and proposing solutions. Professors will advise students according to their expertise. 

This course has the aim of preparing the students to explore their professional aspirations, understand the skills required for it, then ultimately guide and discipline students in acquiring these skills. This course is unique in the sense that it doesn't have a predetermined content for students to learn. Rather, students will choose their customized learning pathways based on their own professional aspirations, and by talking to industry experts to understand which skills they must acquire to have a successful career in their areas of interest. Thus each student in the class will create their unique learning path. The role of the instructors will be to guide and monitor the process. 

This course equips professors with a comprehensive overview of all phases of course planning, introducing them to principles of modern and innovative instructional design, active methodologies, formative evaluation activities as well as tools and resources to facilitate hybrid education. It is the basis to immerse into Hayek Global College teaching culture and invites professors to question their status quo within adult education and favor intercultural networking.