MGM101H5 Lecture Notes - Lecture 1: North Korea, Economic Sanctions, North American Free Trade Agreement

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Think of the business that have structured themselves under theses regulations. This will have major impacts on these businesses. Not just nafta, tpp and other trades being negotiated. Some have talked about more automatization, losing jobs. Some businesses have talked about raising consumer pricing. Bank of canada increase interest rate to 1% Will probably lead to a cold war. Think of yourself as a carpenter or construction worker, they have everything they need and they walk up and see a job that needs to be done. They asses the tools they have and decide which tool is the best to accomplish the jobs at hand. You need to have the tool, practice to use the tool properly (to increase efficiency and quality of final product) Every concept is an example of a management toolkit. The more tools you have, and the better you know how to use them, the better you will be as a manager.