BU481 Lecture Notes - Lecture 7: Herding, The Roots, Free Trade
Document Summary
Basic needs: ce(cid:374)tral aspe(cid:272)ts of a (cid:373)a(cid:374)ager"s perso(cid:374)ality, e. g. Based on the place in your career change based on career trajectory. Job context/situational pressures: defi(cid:374)e the s(cid:272)ope a(cid:374)d (cid:374)ature of (cid:373)a(cid:374)ager"s respo(cid:374)si(cid:271)ilities, perfor(cid:373)a(cid:374)(cid:272)e assess(cid:373)e(cid:374)t, a(cid:374)d re(cid:449)ards. Formal and informal relationships: herding behaviour better to do what others do refers to actual job. Customers: desired features at the lowest possible price. Fair (or higher) return on their investment: dependent on risk. Extreme imbalance for any one of these stakeholders cannot be maintained indefinitely. Management breaches: management can act in their own self interest. Ceo is most powerful person in the org: no separation of power, bod is often comprised of a group of friends, now many countries have quotas of diversity to fill. Board members must be expert (in industry or company) Board meeting procedures should focus on the future, not just the past. Board members need the time to devote to the corporation.
