wehner
to maximize the value of the firm to its owners/to maximize shareholder's wealth
the purpose of business
describes the unique
benefit a company provides customers
who buy their products or services
unique value proposition
ESG & CSR
Environmental Social Governance
Corporate Social Responsibility
ways we would operate in our most relaxed state if there we no consequences for our actions
natural preferences
DEI
Diversity Equity Inclusion
objective analysis and evaluation of data to form a
judgment
critical thinking
1. Organize the information
2. Define the problem
3. Analyze the data
4. Construct arguments that address the problem
5. Critique the arguments
6. Communicate your conclusions
6 steps of critical thinking
•Share/understand diverse perspectives
•Creative problem-solving
•Communication
•Accountability
•Peer support and encouragement
skills group work helps build
leveraging technology, information, and people to help organizations reach their goals
MIS
active integration and coordination of all supply chain activities with the objective of providing you with the best value
supply chain management
Data literacy
Communication effectiveness
Critical reasoning and evaluation
Constructing and critiquing an argument
critical thinking skills
groups of people belonging to different functional/expertise domains. All these groups will be
working together towards a common goal.
cross-functional team
network of businesses and people that are directly or indirectly responsible for fulfilling your needs
supply chain
•Loss of revenue
•Legal consequences
•Loss of reputation
why security matters
tangible
intangible
goods
services
the process of buying production inputs from various sources
procurement
design, execution, and control of operations that convert resources into desired goods and services and implement a company's business strategy (where the product is made)
manufacturing and operations
- proprietary information
- intellectual property
- financials
- business planning, etc.
business assets
- client/employee identity or credit information
- emails
- texts
personal information
the commercial activity of transporting goods to customers
transportation and logistics
the presence of differences: psychological, physical, and social
diversity
ensures everyone has access to the same treatment, opportunities, and advancement
equity
how people with different identities feel as part of the larger group
inclusion
an organization’s beliefs and behaviors, which affect how the management, employees, and customers interact
corporate culture
the retailer failed to properly segregate systems handling sensitive payment card data from the rest of its network so then hackers broke into the retailer's network using login credentials stolen from a heating, ventilation, and air conditioning company that does work for them
target data breach