Foundations of Veterinary Business Program
Post

Foundations of Veterinary
Business Program

Open to Veterinary Medicine Practitioners and Professionals

***COVID-19 VIRUS UPDATE***

In response to the COVID-19 virus, the Summer 2020 Foundations of Veterinary Business Program has been postponed until further notice. 

If you have any questions, please feel free to reach out to Natalie Frazier at nfrazier@ucdavis.edu.

Click here for latest UC Davis COVID-19 news and announcements.

 

Foundations of Veterinary | Business ProgramThis 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

  • 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.

FLEXIBLE Program Design

  • Online and onsite learning.
  • 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.

“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.”
– Dean H. Rao Unnava, Graduate School of Management

OVERVIEW (Sample)

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 Project Overview

Online Coursework:

Capstone Preparation with Small Group

In-person Session:

Capstone Project Presentations

 

Discussion: Current Veterinary Business Issues & Closing Remarks

Registration

Program will be held Summer 2021The registration fee for this program is $3,500.

  • Fee includes all on-line learning modules, the equivalent of four full days of in-person Continued Education (CE), catered breakfasts and lunches during the in-person meetings, welcome reception, materials, and education fees.
  • Attendance is mandatory for all in-person sessions at Gallagher Hall, home of the UC Davis Graduate School of Management.
  • Up to 20 units of Continued Education (CE) credit is available for practicing veterinarians.

Questions? Contact Executive Education or call (530) 752-6840.

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