Tài liệu Khối Ngành Kinh Tế

Growth accelerants (cont.) Marketing/branding (p. 445) Should be designed before the company is launched in order to differentiate it from the competition Feasibility – degree to which a business venture is possible, given the availability of resources and technology (p. 446) Research and development/new product development Products designed t...

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Facilities layout (cont.) Fixed-position layout – one of the three basic options for laying out a facility to produce goods, deliver services, all within a fixed position (p. 422) Cellular layout – combination of fixed position and service elements Desks and machines are grouped together in ‘cells’ where employees carrying out similar roles woul...

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Definition: A property right is a legal rule that describes what economic agents can do with an object or idea. Deed to parcel of land; patent on a method Common Property – A resource, such as a public park or a highway that anyone can access.

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Types of controls Controller – chief accounting officer within an organization that helps control finances Financial statement – summary that lists the revenue and liabilities for a company during a particular time frame (p. 407) Balance sheet – financial statement that lists revenue, assets, and liabilities for a company during a particular tim...

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Definition: Allocation of goods and inputs is a pattern of consumption and input usage that might arise in a general equilibrium in an economy. Definition: An economic situation is Economically Efficient or Pareto Efficient if there is no other feasible allocation of goods and inputs that would make any person better off without hurting somebody e...

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Process of communicating (cont.) Sender – encodes and transmits message through a chosen communication channel (p. 378) Receiver – decodes and interprets the meaning of the message Provides feedback to the sender to assure that message was received and understood

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Product + strategy + environment drive the key knowledge you need to create & use job design & decision making follow from that this is why one buzzword does not work for all firms Key questions “Who / what / where / when / why?” emphasize ex ante optimization, continuous improvement, or both? complexity, instability & unpredictability push t...

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Example: Work for IBM or Amazon.com? Suppose that individuals facing risky alternatives attempt to maximize expected utility, i.e., the probability-weighted average of the utility from each possible outcome they face. U(IBM) = U($54,000) = 230 U(Amazon) = .5xU($4,000) + .5xU($104,000) = .5(60) + .5(320) = 190

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Definition: A Nash Equilibrium occurs when each player chooses a strategy that gives him/her the highest payoff, given the strategy chosen by the other player(s) in the game. ("rational self-interest") Toyota vs. Honda: A Nash equilibrium: Each Firm Builds a New Plant

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Joyful living (p. 354) Feelings and emotions defined by interest, passion, curiosity, contentment, enthusiasm, satisfaction and quality of life A measurable culmination of the other dimensions of abundance, providing the means for progress and motivation

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