SMG SM 131 Study Guide - Midterm Guide: Pinto Horse, Corporate Social Responsibility, Government Failure

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Kabrina Chang

Document Summary

Oneclasstopics included: introduction to business/sm131, pinto case, influential individuals" morals and ethics, economic institutions, market failure vs. government failure, types of business, collateralized debt obligation, random test notes and questions with answers. Module 1 part 1: driving performance for business, strategy planning mode (most important/biggest is first) *most important: talent, aligned engaged people in your organization. Strategic goals (to many goals will screw you over) Values (how you engage with people and employees) Vision/mission (to easily tell people what you stand for) Duty of loyalty (represent interest of owner of company) Duty of care (know what company does and how they do it) Drives accountability for integrity (people want to trust the leader) *most important hire and fire ceo: board of directors, ceo. Profit and loss responsibility: business manager (create strategy/ grow business/ profits/ achieve budget, sales, marketing, supply chain management, service (address customer concerns, the staff. Support business operations: research and development, finance/business development, hr, communication.