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27 Cards in this Set
- Front
- Back
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complianced based ethics codes
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emphasize preventing wrong behavior
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integrity based ethics
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makes a environment that supports ethically sound behavior
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corporate policy
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a companys stand on social and political issues
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master limited partnership (MLP)
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a partnership that is the stock exchange
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UPA
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defines the key elements of general partnerships
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S coperations
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looks like a corp but taxes liek a sole p and partnetship. to be one u must have less than 100 shareholders, 1 class of stock, Us resident, only 25% of income from passive resources
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Liited liability Company
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LLP. similar to S corp without all the special requirements
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vertical merger
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the joining of two companies involved in dif stages of related business
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horizontal merger
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the joining of 2 companies from the same industry
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conglomerate merger
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the joinign of firms in unrelated industries
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Leveraged Buy OUt (LBO)
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an attempt by employees management or a group of investors to purchase an org primarily through borrowing
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Cooperative
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a business owned and controlled by the ppl who use it..consumers, producers workers.. who pool their resources for a similar need. ex : LandOLAkes, Welchs
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WHAT DOES it take to b an entrepreneur?
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self directed, self nurturing, actions oriented, highly energetic, tolerent of uncertenty
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affiliate marketing
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a internet markerting tool where a busiess rewards other busienes when ppl r sent to their website
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enterprise zones
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areas w/ lower taxes and govt support for busineses
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BUSINESS PLAN
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a detailed statement that describes:
the nature of the busines the target mrket the advantages the company has compared to the competition the resources and qualifications of the owners |
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Small business asosiation (SBA)
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govt agency that advises and assists small busnes)
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4 FUNCTIONS OF A MANAGER
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planning
organiazing leading controlling |
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swot analysis
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a planning tool.
strengths weaknesses opurtunities threats |
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strategic planning
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making policies to reach goals
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tactical planning
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short statements about wat needs to b done and whos gona do it
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operational planning
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making scheduals to reach tactical goals
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PMI
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pluses
minuses implications |
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conceptual skills
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skills that require one to picture the company as a whole and the relationships among various parts
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autocratic leadership
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leadership by making decisions w/out consulting others
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participative (democratic) leadership
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leadership by every1 working together 2 make decicions
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free reign leadership
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managers set goals .ppl work freely to reach the goals
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