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University of the People - PHIL 1404 > Chapter 9 > Flashcards

Chapter 9 Flashcards

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People You Should Know flashcards
1
Q

Entrepreneur

A

A business leader willing to risk starting a new company and offering a product or service he or she hopes will be sustainable and permit the firm to prosper

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2
Q

Entrepreneurial risk

A

According to business consultant Patrick Henry:
75% of venture-backed startups fail

Failure rate of all us companies after 5 years was over 50 percent
and over 70 percent after 10 years

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3
Q

What type of culture is often featured in startups

A

One that features the massive ego of its founders - misogyny, homophobia, and sexual harassment

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4
Q

Hewlett Packard

A

A startup in the 1930s by Bill Hewlett and David Packard - started in an actual garage

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5
Q

What is the unique personality of a startup founder?

A

They must be able to weather much stress and personal deprivation to pursue success of the firm, not matter the personal or collective costs involved

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6
Q

What is a major ethical consideration for startups?

A

Does the possible business success warrant the ethical cost?

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7
Q

What problems might arise from startup success?

A

Added layers and hardened bureaucracy

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8
Q

What problems might arise from bureaucratization?

A

Additional layers of management

Codified procedures

Internal obstructions

Sense of common purpose can become diluted

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9
Q

What happens when startup staff expands?

A

Employees ranks become more defined

Titles and hierarchies appear

Individual achievements become harder to spot

A small partnership becomes a corporate behemoth

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10
Q

Common characteristic of successful startups

A

Charismatic, driven founders with take-no-prisoners competitive mentalities

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11
Q

Entrepreneurial culture

A

A combination of personality and amangement style often identified with those business leaders who strike out on their own, bring a start-up to life an dshape its initial business practices and culture on the job

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12
Q

What should you ask yourself if you are seeking the right leadership style?

A

What type of leader do I want to work for?

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13
Q

Sweatshop

A

a factory that is guilty of some sort of labor abuse or violation such as unsafe working conditions, employment of children, mandatory overtime, payment of less than the minimum wage, unsafe working conditions, abusive discipline, sexual harassment, or violation of labor laws and regulations.

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14
Q

Uprising of the 20,000

A

a mass walkout of the Tirangle Shirtwaist sweatshop - 20,000 of 32,000 total employees walked out

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15
Q

Center of apparel manufacturing in NY by the end of the 20th century

A

The garment district

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16
Q

What was the Great Revolt?

A

When 60,000 workers walked off the job from various garment companies in 1910

17
Q

What happened that finally gave rise to 60 new laws surrounding fire safety and labor rights passing in NY

A

The Triangle Shirtwaist Factory caught fire and many workers died.

18
Q

When did the Triangle Shirtwaist Factory fire occur?

A

1911

19
Q

Globalization

A

refers to the growing interconnection of the world’s economies

20
Q

GATT

A

General Agreement on Trade and Tariffs

  • 1947
21
Q

WTO

A

World Trade Organization

22
Q

Foreign Outsourcing

A

The practice of moving manufacturing operations to low-cost countries

23
Q

What were some of the methods that Kernaghan employed when ferreting out data about sweatshops?

A

Tailing trash trucks to dumpsites to search them for information from the owner company

Chatting with the workers when they were on breaks

24
Q

When was the Apparel INdustry Partnership started?

A

1995

25
Q

Under what administration was the Apparel Industry Partnership started?

A

Bill Clinton

26
Q

Fast Fashion

A

Fashion is produced at low cost, high volume and incredibly high speed ( in terms of design to production)

27
Q

Disposability is an essential aspect of

A

Fast Fashion

28
Q

What is a downside of fast fashion

A

When it doesn’t cost as much, it isn’t valued as much.

It encourages consumerism. Almost no pleasure is derived from a piece of clothing since it isn’t enjoyed for along time

University of the People - PHIL 1404 (3 decks)

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