Aem 1200
STUDY QUESTIONS – AEM1200 Spring 2013 Prof. Pedro David Pérez
The following eleven essay questions are intended as a guide to study for the first prelim exam for our course. A sizable percentage of the questions in the exam will be taken from these. In addition, there may be articles from the popular press to be analyzed and interpreted, and short or objective questions taken directly from the lectures.
1. Define stakeholders. How are stakeholders different from stockholders? Make a list of potential stakeholders of a generic business firm. Give at least five recommendations for managing a stakeholder-oriented firm.
2. Describe the “Career Development Process” presented by Ms. Jen DeRosa on F 1/25. Give an example of a succession of actions through the “Career Development Process” that lead towards a professional goal (the best way to approach these question would be to consider your own desired career path).
3. State and describe the four general environments of business. On 1/30/2013, the WSJ carried a report on the huge effort Facebook is putting on transforming itself into a “mobile business.” Which two environments does this effort address? Why? (NOTE: You should locate and read the article).
4. Define corporation. What are the fundamental characteristics of the corporate form as a mode of business ownership? Why has the corporate form being successful? From an ethical perspective, is the corporate form appropriate? Discuss arguments in favor and against, and state your (supported) opinion.
5. In lecture, we quoted Scott Shane, “The Illusions of Entrepreneurship”, as follows: “The typical entrepreneur isn’t a Silicon Valley tycoon, but rather a white man, married and in his forties, who started his business because he didn’t want to work for someone else and who is just trying to make a living. Psychological factors account for very little of the difference between entrepreneurs and other people, much less then
The following eleven essay questions are intended as a guide to study for the first prelim exam for our course. A sizable percentage of the questions in the exam will be taken from these. In addition, there may be articles from the popular press to be analyzed and interpreted, and short or objective questions taken directly from the lectures.
1. Define stakeholders. How are stakeholders different from stockholders? Make a list of potential stakeholders of a generic business firm. Give at least five recommendations for managing a stakeholder-oriented firm.
2. Describe the “Career Development Process” presented by Ms. Jen DeRosa on F 1/25. Give an example of a succession of actions through the “Career Development Process” that lead towards a professional goal (the best way to approach these question would be to consider your own desired career path).
3. State and describe the four general environments of business. On 1/30/2013, the WSJ carried a report on the huge effort Facebook is putting on transforming itself into a “mobile business.” Which two environments does this effort address? Why? (NOTE: You should locate and read the article).
4. Define corporation. What are the fundamental characteristics of the corporate form as a mode of business ownership? Why has the corporate form being successful? From an ethical perspective, is the corporate form appropriate? Discuss arguments in favor and against, and state your (supported) opinion.
5. In lecture, we quoted Scott Shane, “The Illusions of Entrepreneurship”, as follows: “The typical entrepreneur isn’t a Silicon Valley tycoon, but rather a white man, married and in his forties, who started his business because he didn’t want to work for someone else and who is just trying to make a living. Psychological factors account for very little of the difference between entrepreneurs and other people, much less then