MGMT 1P93 Study Guide - Midterm Guide: Social Environment, Apparent Authority, Producer Price Index
26 Oct 2018
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Chapter one: business now -- change is the only. Constant movie: millennials in the workforce -- having an impact not. Spend approximately 58 mins on mobiles & 52 mins on unrelated job activities. In past decade: the consumers (players), what consumers want and how we buy have changed. What are the implications of increasing online sales: in store sales decrease, reverse distribution made more difficult (some stores eg walmart solving this now. Charles darwin: most responsive to change species survive (same w. business) Goal of opportunity seeking firms: long term profits while provided maximum value to customers. Social media: crucial impact on businesses & consumers. Sensitivity towards others (cid:798) (exempt: donald trump haha) Time magazine: 10 ideas changing your life: (some highlights: your head is in the cloud: our gained information. Avg. person spends 12 hours/day consuming information. Outsourcing our memory: relying on smartphones, search engines to remember. W. fast paced population growth, long term food preservation is the answer.
