Entrepreneurship
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the process of creating and managing a business to achieve desired
objectives.
Inside Directors
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usually, officers responsible with running the company
third party logistics
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involves employing outside firms to move goods because they can
transport them more efficiently than the company can themselves
high technology
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businesses that depend heavily on advanced scientific and engineering
knowledge
Sharing economy
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- an economic model involving the sharing of underutilized resources
- referred to as the "gig economy" because independent contractors earn
income going from job to job.
Board of Directors (BOD)
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a group of individuals, elected by the stockholders to oversee the general
operation of the corporation, who set the corporation's long-range
objectives.
,Preferred Stock
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A special type of stock whose owners, though not generally having a say in
running the company, have a claim to profits before other stockholders do.
Advantages of LLC
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- flexible,
- simple to run
- do not require the members to hold meetings, keep minutes, or make
resolutions, all of which are necessary for corporations.
Sole Proprietorship
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- One owner
- Individual income taxed
- Unlimited liability
- Owned by a single individual and is the easiest way to conduct business
Disadvantages of an S corporation
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, - restriction on number and types of shareholders
- difficulty of formation and operation (mainly small businesses)
computer-integrated manufacturing (CIM)
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a complete system that designs products, manages machines and
materials, and controls the operations function
Planning and Designing Operations Systems
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-Planning the Product
-Designing the Operations Processes
-Planning Capacity
-Planning Facilities
-Sustainability & Manufacturing
Services
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Give this one a try later!
the process of creating and managing a business to achieve desired
objectives.
Inside Directors
Give this one a try later!
usually, officers responsible with running the company
third party logistics
,Give this one a try later!
involves employing outside firms to move goods because they can
transport them more efficiently than the company can themselves
high technology
Give this one a try later!
businesses that depend heavily on advanced scientific and engineering
knowledge
Sharing economy
Give this one a try later!
- an economic model involving the sharing of underutilized resources
- referred to as the "gig economy" because independent contractors earn
income going from job to job.
Board of Directors (BOD)
Give this one a try later!
a group of individuals, elected by the stockholders to oversee the general
operation of the corporation, who set the corporation's long-range
objectives.
,Preferred Stock
Give this one a try later!
A special type of stock whose owners, though not generally having a say in
running the company, have a claim to profits before other stockholders do.
Advantages of LLC
Give this one a try later!
- flexible,
- simple to run
- do not require the members to hold meetings, keep minutes, or make
resolutions, all of which are necessary for corporations.
Sole Proprietorship
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- One owner
- Individual income taxed
- Unlimited liability
- Owned by a single individual and is the easiest way to conduct business
Disadvantages of an S corporation
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, - restriction on number and types of shareholders
- difficulty of formation and operation (mainly small businesses)
computer-integrated manufacturing (CIM)
Give this one a try later!
a complete system that designs products, manages machines and
materials, and controls the operations function
Planning and Designing Operations Systems
Give this one a try later!
-Planning the Product
-Designing the Operations Processes
-Planning Capacity
-Planning Facilities
-Sustainability & Manufacturing
Services
Give this one a try later!
