What are the SMART objectives
specific, measurable, achievable, realistic (or relevant) and time-bound
What is human resource planning responsible for?
(2 things)
Forecasting the number of employees required Forecasting the skills required
Shareholders equity must be equal to...
Net Assets
Who was the richest man in modern history?
John D. Rockefeller
Which movie did Gustavs Gekko come from?
Wall Street (1987)
Define joint venture
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources to accomplish a specific task. This task can be a new project or any other business activity.
Say the 4 Greek Gods that were used to describe the types of organizational cultures.
Zeus, Apollo, Athena, Dionysus
State the formula for EITHER:
target profit level of output
break-even revenue
break-even target price
target profit level of output = (fixed costs + target profit)/contribution per unit
break-even revenue = fixed costs/(1-(direct cost/price))
break-even target price = fixed costs/production level
Answers may vary
Why did the merger between the Mercedes-Benz and Chrysler failed?
(Name 2 reasons)
Corporate culture
Lack of planning
Cultural differences
Who said: "Trade wars are good and easy to win”
Donald J. Trump
Name 3 benefits of PPPs (Public-Private Partnerships)
Access to finance. Access to technology, people, and skills. Transfer of risk. Investment opportunities. Business development.
Name the 3 main Mintzberg's managerial roles
(Types of roles)
Say the difference between business angels and venture capitalists
Business angels: individual investors who put in their own money in a variety of businesses and are seeking a better return than they would obtain from conventional investments
Venture capitalists: risk their capital invested in business start-ups or expanding small businesses, which have good profit potential, but do not find it easy to gain finance from other sources.
Explain the Kafala system.
A system used to monitor migrant laborers, working primarily in the construction and domestic sectors through sponsors.
Who is the actor?
Nicolas Cage
Explain CAD and CAM
CAD (Computer-aided design) is the use of computers (or workstations) to aid in the creation, modification, analysis, or optimization of a design.
CAM (Computer-aided manufacturing) is the use of software to control machine tools and related ones in the manufacturing of workpieces.
1. MODEL YOUR CORE VALUES AND EMPHASIZE YOUR MISSION
2. PRIORITIZE FEEDBACK
3. CONCENTRATE ON ENGAGING MANAGEMENT
4. COORDINATE VOLUNTEER OPPORTUNITIES
5. PRIORITIZE PHYSICAL AND MENTAL HEALTH
6. RECOGNIZE TOP PERFORMERS AND REWARD ACHIEVEMENTS
7. CONDUCT EMPLOYEE ENGAGEMENT SURVEYS FREQUENTLY
8. PLAN COMPANY OUTINGS
1. BUTTON UP YOUR ONBOARDING PROCESS
2. OFFER PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND CARVE OUT CAREER PATHS
3. EVALUATE PROCESSES AND ADDRESS INEFFICIENCIES
4. PROVIDE EMPLOYEES WITH FLEXIBILITY
5. TRAIN YOUR MANAGERS IN EMPLOYEE ENGAGEMENT BEST PRACTICES
6. NON-FINANTIAL REWARDS (JOB ENRICHEMENT, etc.)
7. AUTONOMY
8. DELEGATION
Give three benefits and drawbacks for using the Break-even analysis.
1. Charts are relatively easy to construct and interpret.
2. It provides useful guidelines to management on BEP, MOS, and profit/loss levels at different rates of output.
3. Comparisons can be made between different options by constructing new charts with changes.
4. the equation produces a precise break-even result.
5. It can be used to assist managers when making important decisions (location, new equipment, projects, etc..)
6. Works well for analysis of single-product firms.
Explain Arab Spring or the Occupy movement
The people who made the presentations shall verify
Who founded the Grameen Bank? In what year? and what kind of prize did they win?
Muhammad Yunus
1983
Nobel Peace Prize
Explain the difference between monetary and fiscal policy.
Monetary policy refers to central bank activities that are directed toward influencing the quantity of money and credit in an economy. By contrast, fiscal policy refers to the government's decisions about taxation and spending. Both monetary and fiscal policies are used to regulate economic activity over time.
For each TRADE UNION you name you will receive 200 points!
a lot of 'em
Explain the difference between the straight line and the Reducing (diminishing) balance methods
The Reducing method leads to higher depreciation in the assets first years while lower depreciation as the asset ages. The straight-line method assumes that the asset suffers the same depreciation yearly.
For each presentation you name that somebody in BM class has done you will receive 100 points
(What was the presentation about and who did it)
Ex. Kristupas, business culture in Japan
a lot of 'em
What product was Fiona selling in Dragon's Den
Sea Weed