Class Notes (836,308)
Canada (509,727)
Management (767)
MGM101H5 (341)
Lecture

MGM101Lecture3.docx

2 Pages
125 Views
Unlock Document

Department
Management
Course
MGM101H5
Professor
Dave Swanston
Semester
Fall

Description
Friday, September 27th 2013 MGM101 Lecture 3 What is Business?  A system of integrated mission-based actions  Develop and grow markets for its goods and services  Create organizational value (wealth) on behalf of its stakeholders Businesses need to carry out activities that add value. Organizations must properly identify solutions to market places needs/desires and deliver these solutions to the right customer, at the right place, at the right time, and for the right price creating a profit. -The role of the business manager/owner is to recognize,anticipate,and sense an opportunity to create a product/service that is unique,important and of meaningful value to targeted customer(s). -Fundamental to this challenge is a "Strategy and 3C Assessment"  Strategy: the specific objectives an organization hopes to achieve during the planning cycle.  3 C's: Capabilities,Competencies, Capacity  Competitive
More Less

Related notes for MGM101H5

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit