MGMT 1000 Lecture Notes - Lecture 5: Commercium, 18 Months, Moodle
Document Summary
Some questions are on moodle and questions in exam will be very similar. Almost always something about implications in the questions asked. There will be questions on speakers like oliver madison. Next week"s content will also be on the exam. Quote your references (from book or speakers etc. ) Reinventing business metaphor approach- use art studio for creativity, gym for slow but steady progress, and bank for organization. Rule for investment banking if you have a stake and make money, you"ll be more interested. Product life cycle: growth -> introduction -> maturity -> decline -> withdrawal. Mores law everything is outdated in 18 months (when you get the new item, the old one is obsolete) Usually in an assembly line, things just keep going and even when something"s broken and quality diminishes they keep going. At toyota, they stop the assembly line because they think it"s better than sending out a faulty product which they may have to recall.
