PLC - How it works? & Why it works? - ideas notes
Preliminaries, Introduction & Starters
Preliminaries - why wealth? - why you? - why me? & thanks to others? - notes
Introduction Philosophy - before we begin? - ingredients for success - wealth creation cocktails - notes
wealth creation - co-operative synergies
understanding business - complex adaptive systems
1 Economics & Marketing - Markets - Joe Sixpack or The State?
2 Accountancy & Ownership - Business - Owners or Producers?
3 Systems & Structure - Factories - Customers or Bureaucrats?
4 Science & Application - Technology - Practice or Theory?
5 Behaviour & Organisation - Human Capital - People or Profit?
Starters - are you sitting comfortably? - notes
structure - wealth machine - accounts - factory - technology - people
scope - simple models
theme - supply & demand and enlightened self interest
The Wealth Machine
Wealth Machine - Why it works? - collect £100 as you pass go - notes
creating value - not a zero sum game
private profit - entrepreneurs, customers, suppliers, employees
Markets - it's not from benevolence - notes
supply & demand - scarcity, complexity, change, conflict
nature of profit - measuring outcomes
magic of property - aspirations
safeguard of competition & choice - alternatives
individuality of reality - self fulfillment
PLC - magic round about - notes
magic round about - Business Strategy
margin & speed - Marketing Task
Marketing - process action centre - notes
Quality & Service - new improved pukka de lux - notes
Complications - Market Failure - notes
waste & pollution - no owners
cartels - no competition
poverty - no money
planning failure - no hope
Role of Government - checks & balances - separation of powers - protection of minorities
Business Accounts
Business Accounts - How it works? - machine in action - notes
measuring the flows - Sources of Finance - Cash - Creditors - Stocks - Fixed Assets - Costs - Financial Items - Debtors
shareholder value - no free lunch - bills have to be paid
Profit & Loss Account - it's not a zero sum game - notes
Balance Sheet - what we have is what we owe - notes
Funds Flow Statement - sink or swim - notes
Mergers, Acquisitions and Divestments - supercharged growth - notes
Complications - Trust - caveats - notes
caveats - timing - asset Valuation - cost allocation
Role of Ownership - skin in the game or bureaucratic kluge
Factory
Factory - same objective - dark satanic mills - notes
factory systems - flexible experiments
market led factories - will it sell more shoes
Factory Systems - getting the act together - notes
Design - so you want to build a factory - notes
Cost Behaviour - tales of the unexpected - notes
Operating Method - chucks away - notes
planning & control bureaucracy
Complications - Responsiveness flexibility - notes
The Role of Structure - subsidiarity
Technology
Technology - servant or master - the essential link - notes
microchip revolution - opportunities
technology - application of science
New Technology - a tiger by the tail - notes
Application of Technology - hold that tiger - notes
R & D Costs - a bottomless pit of expense - notes
People Business - management by walking about - notes
Complications - Price of Progress - not selected to play - notes
The Role of Innovation - continuous productivity improvement
Human Capital
Human Capital - Profit Objective - but it's all about people, the natural order of things - notes
Current Situation - I wouldn't start from here - notes
Proposed Solution - the ball game has changed - notes
Alternatives - the ones that got away - notes
Complications - a sting in the tale - notes
The Role of People - self fulfillment
ROUND UP - The Golden Threads - notes
SPICES - Simplify - People - Innovate - Customise - Economise - Specialise
VALIDATION - questionnaire - notes
The Wealth Machine - PowerPoint presentation describing how the machine works and why it works ... this material was originally put together for a business appreciation course for first line managers during the 1980s ... still relevant & necessary for business students?
Don't forget to send me your comments, corrections and critique ... here
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