SMG SM 131 Lecture Notes - Lecture 1: Equifax, Data Breach, Chief Operating Officer

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Rebecca Nichols

Document Summary

Blackrock: largest investment firm in the world. Plan (know what you want to do) World changes despite having a perfect plan. Most important: other ingredients are derived from people. Companies like uber and lyft came in so less people are driving. Automobiles are being driven 5% of the time. Automobile companies need to adapt to this. Values: behaviors companies have conducting business with each other and outside world. Vision/mission: what is hoped to accomplish/what the company will be within 5- Strategic goals: primary areas of focus for 12-18 months in order to accomplish mission. Tactical actions: actions taken to achieve goals. Metrics: sales and revenues, whether they"re growing or not. The purpose of business: to create sustainable, long-term value for owners/investors of company. No direct involvement in company management/decision making. Elect board of directors/approve numbers, terms, compensation. To make sure everything is accurately portrayed. Approve significant transactions involving issuance of stock.