ADM 1100 Lecture Notes - Lecture 1: Sarah Mclachlan, Critical Thinking, Transaction Processing

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Patrick Woodcock

Document Summary

Underlying skills - singing, writing, playing instrument. Wrote and collaborated on songwriting - ballad type songs. Hiring manager and other band members etc. Phil collins, bryan adams, cheryl crow, jann arden etc. Vision - understanding that a market focus (women0 would be effective. Business: all profit-seeking activities and enterprises that provide goods and services for clients. Profits: financial rewards for business people (usually owners) who take the risks involved to offer goods and services to customers. Goals is to provide a public service to its clientele, not profits. Financial objective is normally to have a no profits (i. e. Factors of production > produce value in the economy. Natural resources - land, minerals, oil, etc. Money & assets that can be converted to money relatively easily. People- their labour plus their associated knowledge and skills. The act of creating and managing a business. Economic productivity is value ratio of outputs to inputs.