Lab Manual Readings Flashcards

1
Q

What is cash like?

A

Tide. In and out and can be delayed by full moon

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2
Q

What are the 3 important considerations for every business

A

1) understand net vs gross
2) burn bs opportunity
3) not all burn is created equally

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3
Q

When to use breakeven?

A

Starting new Business
Creating new product
Adding new channel
Changing BMC

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4
Q

What are the limitations of breakeven

A
Doesn’t predict demand
Needs reliable/ accurate data
Simplistic
Ignores time
Ignored competitors
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5
Q

How do you lower breakeven

A

Lower FC
Raise prices
Lower VC- hard

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6
Q

What are the 4 sections for business sustainability

A

Food and agriculture
Cities
Energy and materials
Health and well being

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7
Q

What are 6 actions for business leaders

A

Build support for the global goals as the right growth strategy
Incorporate global google into company strategy
Drive information to sustainable markets with sector peers
Work with policy makers to pay the true cost of nature and HR
Push for a financial system oriented toward long term sustainable investment
Rebuilt the social contract

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8
Q

What are B corps

A

Distinguishing firms that are seeking to improve more than their bottom line
- verification

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9
Q

What was the example used for the introduction of management needs new management

A

Iron company with market shares being taken away

Hired Frederick Winslow Taylor

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10
Q

What are the 13 innovative techniques for HR

A
Email hurts people more than it helps
Employees needs before customers
Vacation policies
Help employees quit
Wages should be public knowledge 
Non competes
Removing performance appraisal reviews
Hire as a team
No organization charts
Office environment 
Sabbaticals 
Get rid of managers
Good goodbyes
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11
Q

What do HR people use DISC and EI for

A

To hire people who they believe would be more skilled and capable at certain jobs

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12
Q

What was the example used for EI

A

US Air Force- saves money, found successful recruits
Consulting firm
L’Oréal

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13
Q

What is a problem in labour relations today

A

Keeping up with technological change
Unions are getting smaller and no representatives for a voice
Have to rely on employment standards which aren’t always maintained

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14
Q

What is a solution to labour relations problems today

A

LRA
Employee associations
Inform management of collective views

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