The Digital Economy: Finance for Business Growth
Duration 4 weeks
Weekly study 3 hours
Extra benefits From $84 Find out more
Evaluate how to fund your business investment
Every business needs cash to grow and develop. Some can find enough cash from their operations. Others might need external sources of finance, like a bank loan. So how does a business make robust decisions about borrowing?
Whether you are in a micro business, a small to medium-sized organisation, or a large firm, this online course will guide you through finance options.
You will consider traditional and alternative finance options; evaluate what type of funding is suitable for your business; and develop a financial statement and funding strategy, to make the right decision.
What topics will you cover?
- Assess the role of cash management in business and the relationship between cash management and business performance
- Consider the benefits and drawbacks of different sources of finance
- Understand the relevance of liquidity and solvency when managing a business
- Evaluate the role of cash flow forecasting and assess future cash requirements
- Understand the risks, benefits and drawbacks of different types of funding
- Decide on a suitable type of funding and assess risk-return issues
- Assess how and why alternative finance activities, such as crowdfunding, have evolved
- Assess the benefits and risks of alternative finance for business borrowers
- Evaluate the use of equity funding, both private and public equity issues
- Assess the role of private equity, and the benefits offered by different types of private equity for funding business growth
- Explore behavioural finance issues in investment decision-making
When would you like to start?
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more
Who is the course for?
This course is intended for those with an interest in developing their financial skills to make robust decisions when managing business finance. The course does not require any previous experience of this subject.
Find further information about OU registration, the assessment module and MBA in the entry requirements.
If you are aiming to use your study of courses in the Digital Economy program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM871 Managing in the Digital Economy starts July 2020. Please ensure that you allow yourself enough time to obtain all four Certificates of Achievement from courses in the program before registering for the Assessment Course. The start dates of the relevant FutureLearn courses in 2019 and 2020 are available here.
The Open University (OU) is the largest academic institution in the UK and a world leader in flexible distance learning, with a mission to be open to people, places, methods and ideas.
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