Busmhr 2292 - Study guides, Class notes & Summaries

SWOT analysis - the pattern of decisions in a company that determines and reveals its objectives, purposes, or goals, produces the principal policies and plans for achieving those goals, and defines the range of business the company is to pursue. Purpose: to understand how internal conditions contribute to your organization's strengths and weaknesses and how external conditions exist as opportunities and threats to your business model. The goal of a SWOT is not just to develop a laundry list of...

Sole Proprietorship - ️️Most common and simplest. Owned and managed by one person. Can have full or part time employees. Often home based. Own all assets and profits (or losses)/ assume complete responsibility for business liabilities and debts. Single taxation (file earnings or losses on personal tax return). Comprise over 70% of all the nation's businesses. Weaknesses - ️️core competencies and company capabilities that are inferior to the competition. Firms should strive to impr...

Morality → personal compass of values and motives Justice → just behavior or treatment ethics → actions that count for meeting shared community values business ethics → shared and mutually enforced professional norms Rights/Responsibilities Lens → you act in an ethical manner because it is your duty (deontological theories) Relationships Lens → if the process id right it will take care of all stakeholders (justice theories) results lens → greatest good for the greatest...

Automazation - answer-incentive for lower prices How do you google search with a country code? - answer-site: country code What does SWOT Analysis stand for? - answer-Strengths, weaknesses, opportunities, threats What is Wolfram Alpha? - answer-knowledge engine that compares two subjects What is the purpose of a SWOT analysis? - answer-understand how internal conditions contribute to an organization's strengths and weaknesses What are the five stages of Tuckman's model? - answer...

SWOT analysis → the pattern of decisions in a company that determines and reveals its objectives, purposes, or goals, produces the principal policies and plans for achieving those goals, and defines the range of business the company is to pursue. Purpose: to understand how internal conditions contribute to your organization's strengths and weaknesses and how external conditions exist as opportunities and threats to your business model. The goal of a SWOT is not just to develop a ...

What is the halo effect? - ️️giving more credit than due based on outstanding performance in one aspect What is the forming stage? - ️️just meeting team, high reliance on a leader, people don't know their roles How do you google search with a country code? - ️️site: country code What does SWOT Analysis stand for? - ️️Strengths, weaknesses, opportunities, threats What is Wolfram Alpha? - ️️knowledge engine that compares two subjects What is the purpose of a SWOT analy...

Automazation → incentive for lower prices How do you google search with a country code? → site: country code What does SWOT Analysis stand for? → Strengths, weaknesses, opportunities, threats What is Wolfram Alpha? → knowledge engine that compares two subjects What is the purpose of a SWOT analysis? → understand how internal conditions contribute to an organization's strengths and weaknesses What are the five stages of Tuckman's model? → Form, storm, norm, perform,...

BUSMHR 2292 Midterm 1 Exam Questions and Answers Primary differences for profit oriented businesses deal with: - Answer-Single or double taxation Liability sharing (2 types of liability) Paperwork & legal costs Ken Jennings question about artificial intelligence? - Answer-What happens to society when the world has all this artificial intelligence Google's 5 key characteristics to high performing teams? - Answer-1. Dependability 2. Structure and clarity- Clarifying team deliverables ...