Business

 Maslow's Desire Five-Step Theory

 Mayo's Hawthorne Experiment Overview:  The mechanical principle of "organization>individual" and a new understanding of human behavior in organizations Testing the traditional industrial psychological hypothesis A study on the relationship between organizations and members of the organization A new paradigm of business thinking Personal and economic needs collective and social needs Beginning of a full-scale study on the relationship between corporate performance and organizational members The Experiment: Run at the Hawthorn plant of Western Electric Co., a telephone company, from 1924 to 1932 The relationship between the environmental conditions and productivity of the first experiment The relationship between the working conditions of the 2nd experiment and the work efficiency The interview of the employees of the third experiment 4th Experimental Wiring Work Observation Experiment Results: Relationships in the workplace and a member's psychological stability ar...

 Taylor's Scientific Management Overview: Method of scientifically managing the nature and order of occupations to improve the efficiency of workers. He worked to improve the efficiency of workers, save production costs, pursue policies for high wages and low labor costs, and prevent organizational labor. He essentially thought of workers as machines and analyzed their work scientifically. The task the workers perform is standardized through motion research and time research. Workers are trained to perform the tasks most efficiently which they're selected for. Four Principles: Determining the Best Task Present standardized working conditions Payment of remuneration for completion of the task Losses from wages for task failure Criticism: Disregard for human aspects Lack of management identity (closed organization) Consideration of the means of retention and motivation only in the economic aspect

 

 Merger:  The company that will be acquired after approval by the board of directors of the two companies at the general shareholders' meeting will not survive. Absorption-type Merger: A merger in which two or more companies dissolve the remaining merged companies with one company as a subsidiary, and the assets, businesses, and liabilities are comprehensively inherited by the surviving company Consolidation-type Merger: A merger in which two or more companies form a new company by dissolving an existing company, and the newly established company acquires assets, businesses, and liabilities of the dissolved company.

 Mergers & Acquisitions Mergers & Acquisitions are two different marketing strategies used to determine a company's response to changes in a business environment.  Mergers: Mergers dissolve the acquired company and absorb it as part of another company's organization. Absorption-type merger: A merger in which two or more companies dissolve the remaining merged companies with one company as a subsidiary, and the assets, businesses, and liabilities are comprehensively inherited by the surviving company. Consolidation-type merger: A merger in which two or more companies form a new company by dissolving an existing company, and the newly established company acquires assets, businesses, and liabilities of the dissolved company. Acquisitions: Acquisitions are a form in which the purchased company is not dismantled but is managed as a subsidiary or related company to another. Friendly M&A is a voluntary M&A offering by creditors or governments to collect public funds a...

Product Development Cycle  The product development cycle is divided into 5 parts: development, introduction, growth, maturity, and decline. The graph shows how sales increase as the product undergoes the different periods of the development cycle.

BCG The graph shows that there are 4 types of products: star, question mark, cow, and dog. As the graph progresses from left to right, comparative market share is lost, and as the graph progresses down to up, the growth rate of the commodity market increases. Star has the best of both worlds and is a long-term profit promotion, investment. The question mark is low on comparative market share but has a high growth rate in the commodity market. It has a long-term profit promotion but a short-term cash recovery. The cow has a high comparative market share and a low growth rate in the commodity market. It therefore has strategic maintenance. The dog is low in both worlds and has a short-term cash recovery and withdrawal. 

  The 4P Input Variables Product: Product is divided into 4 periods: introduction, growth, maturity, and decline. The graph shows that when the product grows in sales volume, the profit should rise; when the product is in the maturity of sales volume, the profit is lost. The graph shows how the introduction, growth, maturity, and decline periods affect sales volume and profit. Price: Price essentially discusses the price target and the direction of the price strategy. It's when the company uses the price calculation method to determine the final price of the product. Place: Place discusses the customer service analysis of the level of expectation then uses a distribution channel to set the company's goals, create a strategy decision, and manage conflict.  Promotion: Promotion provides or persuades consumers about the performance of a product or service to induce customers to purchase a company's product or service. It discusses the characteristics of the product, the range ...

Weak AI: Weak artificial intelligence (AI)—also called narrow AI—is a type of artificial intelligence that is limited to a specific or narrow area. Weak AI can be contrasted to strong AI, a theoretical form of machine intelligence that is equal to human intelligence. Weak AI lacks human consciousness, although it may be able to simulate it at times. Strong AI: Strong artificial intelligence (strong AI) is an artificial intelligence construct that has mental capabilities and functions that mimic the human brain.  In the philosophy of strong AI, there is no essential difference between the piece of software, which is the AI, exactly emulating the actions of the human brain, and actions of a human being, including its power of understanding and even its consciousness. Super AI: Artificial superintelligence (ASI) is a form of AI that is capable of surpassing human intelligence by manifesting cognitive skills and developing thinking skills of its own. Also known as super AI, artificial ...

  Strength: Has a global market Strong supply chain management Brand identity Weakness: Low accessibility (High price) Legal issues Limited product range Opportunity: Diversification of products Increased collaboration with educational institutes Threat: Competition Legal challenges Economic instability