ADMS 1010 Lecture Notes - Lecture 7: Scientific Management, Fair Market Value, Overconsumption

119 views4 pages

Document Summary

Thursday, march 1, 2018 lecture 8 (lecture 8 - value chains) Reminders: wait for announcements about the strike, assume classes run as normal. Any reminders about group work: a(cid:374)ticipati(cid:374)g the othe(cid:396) side"s poi(cid:374)ts a(cid:396)e i(cid:373)po(cid:396)ta(cid:374)t i"(cid:373) glad (cid:449)e did(cid:374)"t (cid:449)aste ou(cid:396) ti(cid:373)e with our cons. Ii: organizations are open systems, they"(cid:396)e not self-contained and self-running, they interact with the world around them and vice versa, business is an open system, represented by the value chain. Value chain: the process of how a product is made, sourced, and costed, synonym for supply chain. Point of origin to the point of consumption: combines procurement, logistics, operations, and it. International business: management on a global scale, happened because of the popularity of borderless & multinational corporations, an aspect of the disciplines above. Interesting side note: most stores are supplied by the same supply chain management strategy, so they usually have the same stuff.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents