Lab Manual Readings Flashcards
What is cash like?
Tide. In and out and can be delayed by full moon
What are the 3 important considerations for every business
1) understand net vs gross
2) burn bs opportunity
3) not all burn is created equally
When to use breakeven?
Starting new Business
Creating new product
Adding new channel
Changing BMC
What are the limitations of breakeven
Doesn’t predict demand Needs reliable/ accurate data Simplistic Ignores time Ignored competitors
How do you lower breakeven
Lower FC
Raise prices
Lower VC- hard
What are the 4 sections for business sustainability
Food and agriculture
Cities
Energy and materials
Health and well being
What are 6 actions for business leaders
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
What are B corps
Distinguishing firms that are seeking to improve more than their bottom line
- verification
What was the example used for the introduction of management needs new management
Iron company with market shares being taken away
Hired Frederick Winslow Taylor
What are the 13 innovative techniques for HR
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
What do HR people use DISC and EI for
To hire people who they believe would be more skilled and capable at certain jobs
What was the example used for EI
US Air Force- saves money, found successful recruits
Consulting firm
L’Oréal
What is a problem in labour relations today
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
What is a solution to labour relations problems today
LRA
Employee associations
Inform management of collective views