Write a critical evaluation of your “Managerial Finance” course learning outcome. In your response, consider the content of the course as they relate to financial acuity and managerial decision making.
Base on the “Managerial Finance” course content, discuss the new skills you acquired from this class? How would you apply your new knowledge of your current and/or future profession?
Stalin once said the USSR was fifty to a hundred years behind the West, either the USSR caught up or they would be crushed. Consequently, a rapid economic modernisation policy was implemented under Collectivisation and the Five-Year Plans. The aims were to collectivise agriculture and freeing labour to work in the cities, which would enable large upscales in industrial production and as a result amass the materials necessary to develop a military economy that could sustain a war that Stalin had predicted. Stalin succeeded brilliantly, turning the USSR from a backward country to the leading world power albeit this came at a severe cost of millions of lives. At the outset it seems clear that the achievements of the policies do not justify the methods used due to the costs for the Soviet people, however, without it the Allies might have lost the Second World War and the Nazi occupation of Soviet Russia would have remained. It has been suggested by David Hoffman that Stalin’s policies cannot be justified by the economic achievements since the nature of the methods used to implement them were too extreme. Hoffman argues that “the means and ends were themselves in contradiction. State coercion by its very nature could not create social harmony. The arrest and execution of millions of people only sowed hatred, mistrust and disharmony in Soviet society.” Hoffman’s interpretation is certainly credible when observing the accounts collected by Brian Moynaham, who described how “in some villages, a Party activist would arrive from the city, produce a pistol, and say that any peasant who refused to join a kolkhoz would be sent immediately to Siberia,” showing the party’s use of arbitrary punishment and imprisonment to subjugate the peasants. Moynaham’s description has strength since he collected multiple accounts of people that experienced the events. However, it is inherently limited in its scope since it depicts the events in one village and may not reflect the entire Ukraine or the USSR, albeit there are accounts of the terror used to enforce collectivisation in the countryside. The source is limited further since it was written in 1975, therefore it was recollected many years after the period described and certain aspects may have been forgotten or exaggerated for publicity. However, Hoffman’s interpretation is further testifi>GET ANSWER