SMG SM 131 Midterm: Module 1

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Ingrid L.Stefanovic

Document Summary

Values (how you engage with people and employees) Vision/mission (to easily tell people what you stand for) Strategic goals (to many goals will screw you over) Tactical actions (surrounds goal which surrounds vision) Duty of loyalty (represent interest of owner of company) Duty of care (know what company does and how they do it) Hire and fire ceo ***** (most important) Drives accountability for integrity (people want to trust the leader) Profit and loss responsibility achieve budget: business manager (create strategy/ grow business/ profits, sales, marketing, supply chain management, service (address customer concerns) Support business operations: research and development, finance/business development, hr, communication, it, regulatory affairs (engage with government to see regulations they want) Cash flow statements (sources and uses of cash) Globalization adds complexity (different perspectives and different currency and economies) Design subcompact car weighing 2,000 lbs. or less to sell for. Compete with rising gas prices and japanese and german. Pinto fuel tank located behind rear axle.