Vocab words
The financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question
What are profits?
What is the main purpose of a Business?
To generate Profits
the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources
What is management?
What are the 2 key skills an innovator needs to find solutions to problems?
- Critical Thinking Skills
-Problem Solving Skills
When looking at financial tickers, the section that helps us determine the total revenue of the company is the
Financial section
A group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
What is a corporation?
In order for stakeholders to continue investing in companies. Leaders of such companies must.....
Reach Profit Maximization:
A management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.
What is planning?
What 2 skills do innovators need to be able to identify opportunities?
- Awareness of market needs
-Perception
The section of the ticker where you find the history price range of the stocks is
The historic Data
A person or organization with a legitimate interest in a given situation, action, or enterprise.
What is a stakeholder?
Social Responsibility
monitoring performance, comparing it with goals, and taking corrective action as needed
What is controlling?
What 2 key creative skills does an innovator need to be successful?
- Think outside the box
- Be non-compliant at times
The section of a ticker that gives you the day to day analysis of a company is
The Summary page
a new idea, method, or device
What is innovation?
Another important important purpose that companies have in order to remain alive and survive their competition is to
INNOVATE
arranging tasks, people, and other resources to accomplish the work
What is Organizing?
What resiliancy skills does an innovator need to succeed?
-Passion
-Grit
The section of a ticker that helps you analyze the gains of all the tops executives of any given public company is under
The profile section
A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs and (3) by earning adequate returns on the employed resources.
What is Corporate Responsibility?
One of the number one challenges that companies face is that they are in dire need of :
Innovators
the use of power and influence to direct the activities of followers toward goal achievement
What is Leadership?
What skills that drive change should an innovator possess?
- Internal drive to start change
-Always show iniative
When looking at a financial ticker, when you want to analyze a company's social rating and contribution you find that under:
The Sustainability section