Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
Introduction to Management and
Finance
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
DYNAMISM
Week 3
CHANGEidea
Person CHOICE
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
THE THREE DIMENSIONS OF CHOICE
Week 3
Cultural
Emotional Rational
Dimensions of choice
(PURPOSE)
Culture is the default dimension of a choice
If I don’t consciously choose, then culture makes the choice for me.
Paradigm change
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Sub optimization
Game change
Week 3
The evolution of the game
Inertia
Imitation
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
Imitation
Inertia
Sub optimization
Game change
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
The Global Markets
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
What is a market ?
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
Defining “global”The Nokia Cell phone Example
Headquarters @ Salo
Presence in 150 different countries
Distribution and sales.
Main components made in:Certifications by:
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
A market is a social structure for exchange of rights, which enables people, firms and products to be evaluated and priced.
*Source: http://en.wikipedia.org/wiki/Market
According to Wikipedia*:
Markets are formed from two MAIN elements (but not the only ones):
DEMAND SUPPLY
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
What is a competition?
In economic terms… key concepts…
The 3 “E”s Efficiency, effectiveness and effectivity.
Production of goods/services sold in markets
Customer satisfactionContinuous improvement
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
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…
Planes FinancierosIntroduction to Management and Finance (Ph6012)
M. en I. Alejandro Flores M.
Instituto Mar de Cortés
Week 3
Example for the 3 E’s.
Efficiency(Eficiencia)
Effectiveness(Eficacia)
Effectivity(Efectividad)
Kill a fly with….
X
X
