GMS 200 Lecture Notes - Lecture 3: Ert3, Midvale Steel, Pareto Principle

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

One details assignment should be done by today or tomorrow. Check black board by the end of the week: check for your registration information (course code, e. t. c) Changing the features of the second camera (design) maybe performance: changing the specs of alt. b. Research competition on why or how they are successful in terms of markets, specs and design. Also check other camera"s in the same price range. Open a whole new high end market specially directed to the expensive higher end technology. Adding a third product with a higher price will drive consumers to buy the next best thing if they cannot afford the latest one. Any collection of people working together to achieve a common purpose or goal. These inputs go into an organization where they are collectively managed and converted into final products and sold to consumers: organization cannot survive without working with the outside faculties and resources.