ADMS 1000 Study Guide - Final Guide: North American Free Trade Agreement, Strategic Planning, Intrapreneurship
19 Jun 2018
School
Department
Course
Professor
Tait Mckenzie Gym (2pm to 5pm)
Monday Dcemeber 12, 2016
session 7-12
review all the cases (only 3 since the midterm)
PART 1 CASE- 4 QUESTIONS
20 MULTIPLE CHOICE
SHORT ANSWERS 5-6 (30 MARKS)
TAKE A LOOK AT THE NEW TRADE DEAL THAT CANADA JUST SIGNED. IT MIGHT
BE THE CASE. BUT DON’T BE DEPENDENT ON IT.
SESSION 7: Technological Forces
INDUSTRIES EMERGENCE
TECHNOLOGICAL AND REGULATORY
INTRO, GROWTH, MATURE, DECLINE (find the relevant characteristics in the case
for example that suggest that a particular industry in whatever phase)
firms fall in decline because of demographics, customer choices, technology (the
newspaper industry for example)
strategies to cope
omaintain industry leadership
otarget niche markets
oharvest profits
oexit early
oconsolidate the remaining players
technological innovations
competency enhancing vs. competency destroying (Netflix vs. blockbuster/
blackberry vs. IPhone)
find more resources at oneclass.com
find more resources at oneclass.com
technological evolution (probably for multiple choice)
cyclical model of technological change (MCQ probably)
SESSION 8: Global Forces
definition of globalization (one bid market)
ovs. trade protectionism (we will limit what you will bring across the border
and also put taxes on them)
push and pull factors for global activities
channels of global business activity
oWhat means are available to do business on a global scale?
Multinational corporations
obenefits and threats
Trade Protectionism (tariffs and quotas)
four types of economic integration
ofree trade areas
ocustoms union
ocommon market
oeconomic union
trading blocs
NAFTA (advantages and disadvantages)
SESSION 9: Political forces
capitalism
government as guardian of society
otaxation role/tax collector
oas business owner/crown corporation
four objectives and their examples
find more resources at oneclass.com
find more resources at oneclass.com
12
ADMS 1000 Full Course Notes
Verified Note
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Document Summary
Monday dcemeber 12, 2016 session 7-12 review all the cases (only 3 since the midterm) Take a look at the new trade deal that canada just signed. Trade protectionism (tariffs and quotas) four types of economic integration: free trade areas, customs union, common market, economic union trading blocs. Session 9: political forces capitalism government as guardian of society: taxation role/tax collector, as business owner/crown corporation four objectives and their examples. Session 10: small business and entrepreneurship definition economic contribution of small business entrepreneurship: (creative destruction): when we creative new technology, we wipe out the existing technology. Psychological school of thought (probably short answer) Skills to be an entrepreneurship: artisan (the idea person, promoter (marketing and promotions, advertising) Windows of entrepreneurial opportunity push and pull factors. Timmons model of the entrepreneurial process paradigm shift business plan (marketing, financial, operational) the purpose of the business plan. Why they fail to plan adequately components of the business plan (mcq probably)
