rt
parts
rt
parts
?
add - "useful for planning and executing the operations?" then I would add: Most companies bring their production information together into an Enterprise Resource Planning (ERP) system, where date is transformed into useful planning information to answer the following questions.
customer database,
Customer Resource Management (CRM) system, Not critical but CRM's are in significant use today
organizations and operations managers use data to make informed decisions about production processes
I really like that we have this in the Management module - instead of IT. Good move!
costs
Maybe this should be cutting "activities and associated costs" that don't add value....
3D printing in action:
love these!
Figure 2, below. What was the critical path in our construction of a birdhouse?
Excellent
Gantt chart:
Love it!
Inventory Control Just-in-time (JIT) is an inventory strategy that companies employ to
Not trying to split hairs.... I would call this Just-in-Time Manufacturing Process Just inTime (JIT) is a manufacturing process strategy designed to increase efficiency.....
MRP systems a
Oooo - here it is! you can leave it out of the above section.
the fi
add - delivery of components and parts
establishing the
Remove - duplicates next phrase
My personal opinions aside…..I have given this section a good bit of thought and believe I can summarize constructively:
The introductory video from Joseph R. DesJardins (Ethics and International Standards of Behavior - we should name him BTW) sets the stage very well for how and why businesses are (and should be) stakeholders in global standards of behavior.
He provides good guidance and an outline we could follow to provide a business centric context for this section. As a business instructor I am prepared to discuss and teach a business’s global stewardship and the various global organizations like WTO, IPCC etc.. Corporate social responsibility in the banking industry and the UBS case study is a very relevant and teachable from a business perspective.
I am not however prepared to discuss or teach C02 levels of emission or scientific findings on greenhouse gases. This whole section becomes vulnerable to scientific arguments and may miss opportunity to make the relevant business point.
I think if we renamed this section “International Standards for Corporate Social Responsibility” instead of “Climate Change” it would help to emphasize the relevance to business. Climate change then becomes “an example of”.
I suggest we change (broaden) the last 2 outcomes:
o Identify the key causes of man-made “climate change” change to "Important 21st century global business issues". o Describe cap-and-trade systems for limiting carbon dioxide emission Change to: "the impact of global regulatory systems, such as cap-and-trade on businesses today". Then reword to emphasize business (I’ve made some suggestions throughout)
As you can see, when companies such as UBS set out to choose an environmentally responsible course, the solutions may not be obvious or simple, and cost can be a very real concern. If you were in charge of UBS’s objective to address global warming, which of the scenarios above would you choose, and why?
This is an excellent conclusion and "the reason" to explore this whole section.
Since some companies and countries have had more success in reducing GHG emissions, one policy that has been promoted is to create a market-based mechanism for encouraging reductions in GHG. These mechanisms have alternatively been referred to as cap-and-trade or carbon offset systems.
This is the "point" related to business - can we reword to get to this without all of the tricky science.
GHG emissions
It takes a good bit of effort in an introductory class to get students to grasp business oriented concepts like GDP - not likely we can get them to wrap around GHG emissions.
Scientists generally agree that the primary cause of man-made global warming is the accumulation of greenhouse gases (GHGs) in the atmosphere. These gases act as a sort of invisible blanket around the earth, holding in heat and preventing it from radiating out into space. The most important greenhouse gases are carbon dioxide (CO2), methane (CH4), nitrous oxide (NO2) and ozone. Carbon dioxide has been a particular focus of anti-global warming efforts. As a result of human activity, CO2 emissions are increasing at a rate of about 3 percent every year. Such activity currently produce emissions of roughly 35 billion tons of CO2 per year, a 54 percent increase over 1990 levels. In 1958 when CO2 emissions began to be precisely measured for the first time, the atmospheric concentration was approximately 315 parts per million (PPM). By 1990, CO2 emissions were growing rapidly, and in 2013, occasional measurements of more than 400 PPM began to be recorded for the first time, suggesting that a potentially dangerous threshold had been reached. It is widely feared that concentrations of 450 PPM or higher would be associated with a global average temperature increase in excess of 2 degrees Celsius, which is considered by many experts to be the threshold beyond which the Earth’s human population is likely to suffer potentially catastrophic effects. As a result, much of the worldwide effort to fight global warming has been focused on reducing the increase in CO2 emissions so that global levels can be kept beneath 450 PPM. However, if nothing is done, some projections suggest that, by the year 2100, CO2 could range as high as 540 PPM to 970 PPM.7 At such high concentrations, scientists fear that climate change could reach a “tipping point,” beyond which temperatures and chaotic weather patterns could accelerate wildly out of control. It should be noted that, even though most public debate concerns CO2, it is not the only significant greenhouse gas. Methane, in particular, also has a potentially important impact on future global warming. In fact, methane is twenty-three times more powerful than CO2 in terms of its warming effect (that is, methane traps more heat than CO2). Some experts argue that the world should focus more on curbing methane than on CO2, largely because it seems easier to control methane emissions without undertaking the major costs and expenses that are demanded by reduction of CO2. Despite the ongoing controversy over whether methane deserves more attention, the primary concern of policy-makers continues to be CO2. One reason for this focus is that CO2 lasts much longer in the atmosphere than methane does (methane decomposes in 15 to 20 years, whereas CO2 can remain for 50 to 75 years), but another reason is that CO2 emissions are linked to civilization’s relentlessly increasing use of energy, which seems much more challenging to control. Given the importance of controlling CO2 in the battle against climate change, it has become commonplace for policymakers to speak in terms of controlling “carbon” (note that carbon is part of not only the CO2 molecule, but also the CH4 molecule, as well as being present in atmospheric soot, which is also considered a major contributor to warming). Thus, when climate economists are trying to measure the average CO2 emissions produced by an individual, company, or country they often refer to the relevant carbon footprint.11 When policymakers discuss the possibility of discouraging CO2 emissions by taxing them, they commonly refer to this as a carbon tax.
Could this whole section be summarized in terms of the impact on business - the final paragraph finally gets to it, as burning of coal, oil, natural gas "conducted in the course of business" with significant impact on operations, import and export regulations, fines etc.
.1
Does this .1 refer to a document - not attributed below.
notably those of India and China,
add , both significant global trading partners,
project
Good projects in the video
video
Excellent video
Excellent picture!
Identify the key causes of man-made “climate change” Describe cap-and-trade systems for limiting carbon dioxide emissions
Lengthy explanation and suggestion in the Climate Change Page Notes
Opinion of this video??
I LOVE it! 2020 is around the corner!
such as the Christmas season in Western cultures, or Ramadan in Muslim cultures
I think this whole section could get really dicey. In the context of global business we could say.... "Holidays originating from the prominent religion of a country or region create sensitivities....
However,
remove however. The previous sentence ended with "its actually true".
.
to consume all of the production...
opportunity cost
Opportunity cost is explained another way in the video below i.e. Adam Smith and David Riccardo and cost of production. Maybe referring to the video for explanation of opportunity cost would be better than referring to the previous economic environment module? ...... my experience..... this is a tough concept for intro to bus and more readily grasped on the basis of cost rather than "next produced'.
and in so doing,
focusing instead on producing goods and services where they have advantage and thus maximizing.....
how well prepared you are for class or your next exam
failure of your next exam because you did not use the time to prepare.
no
suddenly or consequently
If
Needs a transition like "Similarly,"
opportunity costs
No introduction to opportunity costs yet. They don't understand the concept going in. I'd say "while considering the cost and profitability of exporting their product."
and until Lady Gaga starts a new trend, their peels don’t make very attractive clothing. I
Hmmm maybe a bit too cynical for this crowd - Jus Saying!
out them,
out of them
This looks good! The McD example is right on.
forward-looking, proactive approach is The benefit to managers and organizations from a forward-looking, proactive is that it reduces customer complaints, employee frustration, and waste.
Oops doubles here
insert reporting division
Love the chart
influence
able to influence
I think this module is good to go. The emphasis on decision making (not black and white) is right on. I like the Corp Social Responsibility section. It would be inappropriate for an intro course to go deeper in to compliance programs or SOX etc. I'll save that for my Ethics course. Well Done!
Need full name Ethics and Compliance Initiate (ECI)
This is good - delineates the issue - good definitions for legal vs ethical.
law
Based on my comment in next section ahead. I suggest a first Learning Outcome "Define the purpose and function of law".
Add Outcome - matches comments on next section: Purpose and Function of Law
]
I think this section warrants (no pun) an outcome. Maybe the first learning outcome overall could be Define purpose and function of law.
I think this section warrants (no pun!), the first outcome: "Explain the Purpose and Function of Law"
.
I love this diagram (from the current Legal Environment Module). It clearly leads you through the potential liabilities and damages. I used it effectively this past semester. .
$ 8,000
I think the chart should match the written example, which says net income of 40,000 or change the example. Am I missing something?
Business
I'm suggesting this section be reordered to align to the Video presentation, and keep the emphasis and subsets consistent. This is an outline of what I suggest rearranging: Accounting is the Language of Business
Definition of Accounting – 2 short paragraphs
Internal – External Users Paragraph…
Financial Accounting - first 2 paragraphs
ADD SECTION Tax Accounting information includes financial accounting information, written and presented in the tax code of the government, namely the Internal Revenue Code. Tax accounting focuses on compliance with the tax code and presenting the profit and loss story of a business to minimize its tax liability. (not vetted - just my suggestion)
Managerial Accounting - paragraph
Bookkeeping vs Accounting
Importance of Accounting
Problem Set 1
Write problems here... or use from the MGA bank?
https://youtu.be/W5nHpAn6FvQ?t=1s
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https://youtu.be/aTSwcXJ700c
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https://youtu.be/uXlZIn6W7Ew?t=1s
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Businesses
Add "Privately owned businesses.....
Who
Should be HOW to produce it?
Maybe the biological ecosystem of a lake could take the reader down a confusing path???
https://youtu.be/w8tUIq7Blsg
Link not actice
Need Opportunity Cost MGA An opportunity cost might include:
Hi Tina - trying this note