GMS 200 Lecture : lecuture 6

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Became big thing in 1960"s can outdo competition and can do well in uncertain external envir. Strategic planning ibm, google, microsoft recruits planner and plan for future and where business move to the future; scarce =huge demand. Transferring convicts towards end of 18th century. Lot of convicts died along the way while on way to australia b/c of overcrowding, poor nutrition sand little/ no medical treatment. how might captians be convinced to take better care of their human cargo: gov decide dot pay captin bonus for each convict that walked off the, simple plan worked moratlity fell to virtually 0 = incetives. during period of hyperinflations in chile the story told that the gov impostition of max price made ti unprofitable for suppliers to sell bread the leagal max was below cost of production. suppliers found that it was below cost of production there for unprofitable to make bread.