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Instituto Mar de Cortés. Introduction to Management and Finance (Ph6012). Planes Financieros. M. en I. Alejandro Flores M. Introduction to Management and Finance. Week 3. Instituto Mar de Cortés. Introduction to Management and Finance (Ph6012). Planes Financieros.
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Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Introductionto Management and Finance Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. CHANGE DYNAMISM idea CHOICE Person Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. THE THREE DIMENSIONS OF CHOICE (PURPOSE) Cultural Culture is the default dimension of a choice If I don’t consciously choose, then culture makes the choice for me. Dimensions of choice Emotional Rational Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. The evolution of the game Paradigm change Game change Sub optimization Inertia Imitation Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Imitation Inertia Sub optimization Game change Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. The Global Markets Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • What is a market ? Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • Defining “global” The Nokia Cell phone Example Headquarters @ Salo Distribution and sales. Certifications by: Main components made in: Presence in 150 different countries Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. According to Wikipedia*: A market is a social structure for exchange of rights, which enables people, firms and products to be evaluated and priced. Markets are formedfromtwo MAIN elements (butnottheonlyones): SUPPLY DEMAND *Source: http://en.wikipedia.org/wiki/Market Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • What is a competition? • In economic terms… key concepts… Production of goods/services sold in markets The 3 “E”s Efficiency, effectiveness and effectivity. Continuousimprovement Customersatisfaction Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • The 3 “E”s … difference Efficiency …in resource managing. *Avoiding dead time, non used resources Effectiveness … in the achievement of goals *The minimal cost/least number of unplanned consequences to achieve a goal. Effectivity. … to generate an impact in the environment * Having the desired effect… Week 3
Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • Example for the 3 E’s. Kill a fly with…. Efficiency (Eficiencia) Effectiveness (Eficacia) Effectivity (Efectividad) X X Week 3