BU111 Study Guide - Final Guide: Protection Mechanism, Disruptive Innovation, Complementary Good
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BU111 Full Course Notes
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Potential questions: what they are, general example of each, who uses them, banks, small to medium enterprises, alternate banks, medium to large enterprises, specialized lending/saving intermediaries, medium to large enterprises. Know the customer markets each comes from. Existing firms leverage scale and current abilities to win. Design products around task they accomplish rather than the customer its for. Monitor markets outside your own industry and target markets. Establish independent venture units within the organization. Enter with a new product or radically different process. What the organization does to and for its stakeholders. Ho(cid:449) a (cid:271)usi(cid:374)ess defi(cid:374)es ethi(cid:272)al (cid:272)o(cid:374)du(cid:272)ts at orga(cid:374)izatio(cid:374)al le(cid:448)el (cid:862)(cid:272)olle(cid:272)ti(cid:448)e (cid:272)ode(cid:863) How a business balances it commitment to stakeholders. Obstructionist: do as little as possible, maybe breaking law. Defensive: do the bare minimum, do enough to not break law. Accommodative: go further in some areas, more than minimum will improve in some areas if asked. Proactive: seek more opportunities, not asked to improve csr, they do themselves.
