MGD426H5 Lecture Notes - Lecture 2: Gross Domestic Product, Government Debt, International Trade
11 May 2020
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Document Summary
Large cash reserves can alleviate dependence on credit but customers and suppliers may have difficult accessing credit. International trade flows and restrictions: global economy based on various free trade agreements, benefits not always equally distributed, north american manufacturing > china, china has lower production costs, tariffs or other trade restrictions. Longer life expectancy, declining fertility rates: smaller pool of workers, strains on pension funds and retiree healthcare obligations. Internal analysis of organization and external analysis of competitors, government regulations: methods: swot, pestle, five forces model, 2. Development of organizational goals and long-term and short-term strategies: long-term is greater than 1 year, strategic plan questions: Risks? (smart: use of interim short-term strategies to develop final long-term strategies, 3. Implementation/execution: process of making strategies work, stage is more difficult to complete than formation stage and involves more steps, 1. Create a plan of the specific processes, tasks, etc: 2. Communicate information regarding the strategy clearly: 3.
