BSM 100 Lecture Notes - Lecture 2: Bleeding Edge Technology, Demographic Transition, Information Access
16 Feb 2018
School
Department
Course
Professor
Document Summary
Bsm 100: new business - idea to reality. Measure of success in the business world is survival. Govt - allows entrepreneurship / wide information access. Enforceable contracts ; make sense to all parties. Monopoly - big+small enterprises are equally imp. Disruption small biz can fail, if too many fails probs. Relationship w/ customers - focus group - word of mouth (wom) Product = value = benefits > price. Training//research facility / space to discuss ideas. Bleeding edge firm vs leading edge firm. Blurred lines between region (i. e eu) - accept diversity. Economy: financial & social system representing resource flow from production distribution consumption. Economics: study of ppl, companies, & govt. choices in allocating society"s resources. 1: profit motive /ability to keep profits, market determines price choice (pre-eminent) Worker rights i. e minimum wage, pension etc. A attractive (you // potential for earning) Editorial services - (for online magazines/ blogs)
