The Woulds of Wall Street Flashcards
Long Run (Economics)
A period of time where anything could be changed (far future)
Short Run (Economics)
A period of time where not much could be changed (near future)
Corporate Restructuring
The act of changing a company’s human structure, by hiring or firing new staff, which occurs often with stress
Functional Structure
Every department or person does a different thing (tends to be smaller companies)
Divisional Structure
Every service or project has different departments, which could do similar things (tends to be larger companies)
Corporate Rebranding
Companies restructuring themselves to gain more customers, or to introduce a new product or service
Franchising
A method of distributing products or services involving an outside party, who establishes the foundations for the business, in exchange for a royalty
Crowdsourcing
Obtaining work, information and opinions from a large group of people online
Peer-To-Peer
A decentralized model where two individuals interact to trade goods and services without a middleman
Razor-And-Blades
A business model where one item is sold at a low price (could be free), to increase the sales of a related good
Dropshipping
A business model that allows you to sell products online without ever owning or seeing that product
Freemium
A business model where a company offers a simplified product or service and then charges for the full product/service
Virtual Storefront
A form of interactive online media where customers can view and buy goods
Value-Added-Reseller (VAR)
A company that resells products and services with upgrades to increase their value
Pop-Up Shops
A temporary retail space that is typically used to introduce a new product line, test a new market or generate awareness for a product or cause
Sabermetrics
The adoption of stats-based scouting of players instead of natural talent
Moneyball
A world changing book that changed how most organizations use data
Hypermarkets
A large store containing a full supermarket and a department store, in one building
Secondary Succession
The recreation of an ecosystem through the expansion and growth of different species after a disaster (much quicker than Primary Succession)
The Walmart Effect
The effect that a large hypermarket, like Walmart, can have on communities. This can be both positive and negative
Climax Community
A fully mature ecosystem, with all of its intermediate species grown to maturity. This easily takes a century after the initial Pioneer Species are grown
Sanctions
Penalties levied against a country. These can be things like travel bans, export restrictions, trade embargoes and asset seizures
Foundation and Earth
Book written by Issac Asimov, which is the fifth series of the Foundation Serious, where they try to find Earth (the ancestral home of humanity)
Primary Succession
The creation of an ecosystem through the expansion and growth of different species
