MGMT 1000 Lecture Notes - Lecture 4: Making Money
Document Summary
Need to create sustainable businesses and economy. Quality of employees is critical and the connections they make with customers. Role should change: with the changing economy, we should keep up. Thinking for the long-run because innovation is important: government. Government only provides regulations: non-interventionist and business runs its self: customers. More safe for customers as companies use the tbl. Ashoka company: savings on water bills reduces money wasted. Vicious cycles can be internal and external. Internal: marketing and sales teams: fight about whose problem is whose, how to motivate and co-operate. You may end up with tribal conflict inevitably. Letting someone go may seem harmless, but each employee has an impact on the business. Business can cause a lot of issues. Work with unique model to solve social or environmental issues: oliver madison: ceo, me to we style. Revenue visisbility: know where your cash is coming from.
