Foundations of Veterinary Business
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Foundations of Veterinary Business
Summer 2020 - Open to Veterinary Medicine Practitioners and Professionals

Registration for Summer 2020 coming soon.

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This innovative series has been designed to provide you with a solid foundation of understanding in four key business areas. This program combines essential business theory with practical applications for success in the veterinary profession.

  • Accounting
  • Finance
  • Marketing
  • Strategy and Human Resources

This program is an excellent investment for doctors considering practice ownership, as well as current practice owners and other practice leaders who want to take their business understanding to the next level.

Foundations of Veterinary Business

FLEXIBLE Program Design

  • Primarily online
  • Delivered by UC Davis Graduate School of Management faculty and veterinary industry experts
  • Two required in-person weekend sessions to reinforce learning and encourage collaboration
  • Live webinars offered for additional support
  • Analysis of real-world veterinary business scenarios with presentations on the final Saturday

OVERVIEW

MAY 15- JUN 26


JUN 26-28


JUN 28-AUG 1

AUG 1-2

Online Coursework:

Accounting

Finance

Marketing

Strategy & HR

In-person Session:

Accounting

Finance

Marketing

Strategy & HR

 

Capstone Team Project Overview

Online Coursework:

Virtual Capstone Team Project

In-person Session:

Capstone Team project Presentations

 

Discussion: Current Veterinary Business Issues & Closing Remarks

Learning Objectives

Managerial Accounting

  • Understand double entry (debits and credits) accounting and the Accounting Equation.
  • Be able to identify the different types of transactions and how they are reported. 
  • Differentiate between the accounts and the nature of those accounts and how transactions are summarized into financial statements.
  • Learn the fundamental accounting concepts that ensure to comparability and consistency of how different businesses report their activity.

Finance

  • Understand the time value of money and its application in personal and business finance.
  • Be able estimate free cash flows in projects and company valuations.
  • Differentiate between fundamental (discounted cash flows) and relative valuation processes.
  • Learn the concepts of cost of equity, cost of debt and the cost of capital and apply them to value projects and companies.

Marketing

There are four fundamental learning objectives for this module. First, you will understand how to analyze the marketing environment – the consumers, the competition, the channels of distribution, the controls and regulations, and the internal constraints of an organization. It is within this environmental context that most marketing activities occur. Second, you will understand tools you have available as a marketer to adapt to the environment you are in. Third, you will understand how the tools interact with each other – i.e., how your pricing decision affects (and is affected by) the features you want to include in your product. Finally, you will learn how to integrate the elements of your marketing strategy you have designed for your product.

Strategy and Human Resources

The objective of this course is to help you develop skills to analyze and address issues of firm performance and how managers affect it through strategy. As part of your skill development, you will learn strategic analysis tools, including models and frameworks to help you diagnose organizational issues and make recommendations to improve or sustain performance. Some of the work required for this course is independent and some will be performed in groups. Because top managers must typically coordinate and integrate their activities and strategies as part of a top management team, the ability to work in teams is a critical part of their work. By the end of the course, we expect that you will be more knowledgeable about the sources of superior firm performance.

Registration

Program will be held Summer 2020The registration fee for this program is $3,500.

  • Fee includes all online and face-to-face program sessions, meals, materials and education fees.
  • Attendance is mandatory for all in-person sessions at Gallagher Hall.
  • Scholarship opportunities available by application to limited students only.

questions, contact Natalie Hull-Frazier: or (530) 752-6840.