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Loyola Marymount University - BADM 3040 - BADM 3040 1st Week - Class

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Loyola Marymount University - BADM 3040 - BADM 3040 1st Week - Class

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background image Intro Lecture 15 Jan 2019  Social responsibility => critical to engage with shareholders  21st century concept Global Corporate Citizenship : engage in stakeholders , themselves, civil society. => business & 
society to be socially responsibility & take leadership roles not just fulfilling basic minimum 
requirements  Take a long time for government for climate change  2015: sign on Paris climate agreement => that Donald Trump didn’t believe it  2017 : Climate change had arrived : Hurricane Irma & Hurricane Harvey, etc  2018: Wildfires => in California => climate change had arrived Climate change cause by utilities company  1992: most business people boycott and ditch the conference  2012: 50,000 attend the conference making the world a better place to the UN Secretary Energy  =>investment to reach goals=> the money come from companies not from government  Poor corporate citizenship : oil, banking, and automobile  Oil: The BP Gulf Disaster in the Gulf of Mexico : 11 people died in the explode of oil in 
the gulf of Mexico , environment suffered. 66 billion dollars
Banking : collectively bank => 2008 financial crisis. Bank of America : 60.6 billion fines 
and mortgage assistance, 13 billion from Jp Morgan Chase, Wells Fargo paid 2 billions.
Automobiles: 2018: VW manipulating diesel vehicle paid 14 billion penalties to the 
government & settlement to consumers (worth 15 billion) 
MERC Company : 1st degree murder, MERC CEO resign 
Under Armour
Elon Mask (Tesla) : resign to protest Trump resignation from the Paris climate agreement  Readings: The Moral Voice of Corporate America 
Companies => do the right things 
Young people: started Google and Facebook => make the world a better place
Practice good citizenships & global economy 
17 January 2019  News 1 : 
(­) CSR 
https://www.ft.com/content/c8c30096­1a6e­11e9­9e64­d150b3105d21 BlueMountain urges stricken Californian utility to keep trading => malfunction in their equipment =>  bankruptcy or bail out 
PG & E equipment was involved in the causes of 16 wildfires in 2017 => need to fix (not ethical cuaes 
fire in north California) => Camp fire last year (reference) 
Bankruptcy protection on or a move 
Board to reconsider 
Really bad (dirty bad record) 
News 2:  (+) CSR 
Affordable housing from Microsoft $500 millions in Seattle 
Purdue : Oxycontin not to tell Doctors how powerful Oxycontin 
The stronger the dosage the more people die & the more revenue they got in
background image Allan Murray ­ Management Chapter 1 
Manager : someone who organizes a group of people to accomplish a goal
Winslow Taylor: founder of management (Classic Management) 
1911 : Taylor classic work was published 
Management : standing in a workplace with a stopwatch, measuring each action taken by the 
workers, and devising ways to eliminate all false and slow movements” 
The goal : organizing factories & workplace  Management: Planning, organizing, directing, monitoring Peter Drucker : founder of Modern Management.  1955 ­ Knowledge Worker: people whose work primarily involves manipulation of information  and knowledge rather than manual labor. => couldn’t be measured or control The Essential Drucker published in 2001  Management: + motivating talented knowledge => Set objectives, organizes, motivates & 
communicates, measures, and develops people. 
Good manager = good leader of people  In the past manager only OVERSAW  Past Manager vs Modern Manager:  Classic management: Controller => but now as Enabler  In charged of accomplishing task : Supervisor => Leader  Conflict / Competition in the relationships => Collaboration in relationships among workers Expected to always lead in Autocratic (make the decision alone)  ex:  Donald Trump => expected
to Empower ex: Obama 
Maintaining stability (keep everything the same)  => Changes is good  How do managers differ :  Administers Focus on systems and structure Relies on control  Has short­range view Ask how, whe, what, and why => challenge the status quo when necessary.  Nowadays, decision making is not only concentrated in the top of the pyramid but to MIDDLE  MANAGERS  Druckers Article 2001: 
5 basic assumption since corporation was invented (Since 1870): 
Corporation is master, employee is servant  Employee needs the corporation more than vice versa  Majority of employees work full­time Pay = only income  Bring together under 1 management => lower transactional cost Profitability of Brands:  Suppliers and manufacturers have market power because they have the info and customer does 
not and cannot have 
One technology pertains one and only industry 
Ex: Need to make steel => steel industry => need industrial research lab 
Assumption => turn upside down  Production = knowledge. Knowledge worker : provide capital => associate / partner  More part time people & outsourcing

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School: Loyola Marymount University
Department: Business
Course: Management and Society
Professor: George Hess
Term: Spring 2019
Tags:
Name: BADM 3040 1st Week
Description: Week 1 : 15 Jan & 17 Jan lecture
Uploaded: 02/01/2019
6 Pages 52 Views 41 Unlocks
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