BMGT 350 Lecture Notes - Lecture 9: Grocery Store, Netflix, Big Data
16 Oct 2017
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A place where people gather to trade (exchange notion) Set of consumers and firms that have desire and ability to purchase products. College is one school and university is both colleges and schools. Graduated from umd from the business of commerce in. Built a better mousetrap and the world will make a beaten path to your door. If you make a product, the world will come to you. You"re a man, you hunt, you gather, you kill. He was scared to deal with the mouse body. Means: aggressive sale (get a sales team and promote mousetrap) Profit: harder sales team pushes = profit increases. Make a better product and you will be fine. Give the people what they want and you"ll never go wrong. People are happy you solve their problem; now you are on your way. As a discipline, it"s been around for 80 years.
