MGMT 3302 Lecture Notes - Lecture 4: Henry Mintzberg, General Agreement On Tariffs And Trade, Peace Corps
Document Summary
Mgmt 3302: step 3: developing effective action plans, an action plan lists the specific steps, people, resources, and time period for accomplishing a goal. Mgmt 3302 eventually become stars, but their relative weakness in the market (small share) makes investing in question marks more risky: cash cows: companies that have a large share in a slow-growing market. Companies in this situation are often highly profitable, hence the name. Innovation streams: patterns of innovation over time that can create sustainable competitive advantage: begins with technological discontinuity: a scientific advance or a unique combination of existing technologies creates a significant breakthrough in performance or function. Includes: quotas: specific limits on the number or volume of imported products, voluntary export restraints: limit the amount of a product that can be imported annually, government import standards: established to protect the health and safety of citizens.
