Introduction, Preliminaries & Starters
Introduction - notes - introduction, before we begin? - where do we start, rhyme & reason? - sense of history, happenings around 1750? - agriculture, fed up? - international trade, plundered gold? - USA, invented nations?
Preliminaries - notes - why wealth, scarcity & choice? - target reader, why you? - author, why me? - thanks, my own work?
1 Economics & Marketing - Markets - Joe or The State?
2 Accountancy & Ownership - plcs - Owners or Producers?
3 Systems & Sructure - Factories - Customers or Bureaucrats?
4 Science & Application - Technology - Practice or Theory?
5 Behaviour & Organisation - Human Capital - People or Profit?
Starters - notes - starters, are you sitting comfortably? - scope, what's it all about then? - theme, golden treads? - structure, identify the vital few?
The Wealth Machine
Wealth Machines - notes -
nature of profit - Measure of Efficiency - Signal for Resource Allocation - Spur for Progress - Reward for Risk
magic round about - Ideas - Sources of Finance - Cash - Creditors - Stocks - Fixed Assets - Costs - Financial Items - Debtors
margin & speed - Marketing Task
specialisation - Market Position
economies of scale - Competitive Advantage
Quality and Service
Complications - Market Failure
waste & pollution - No Owners
cartels - No Competition
poverty - No Money
planning failure - No Hope
Role of Government - role of government
Profit & Loss Account
profit & loss - Profit and Loss Account
balancing - Balance Sheet
Cash Flow Statement
cash pool - Cash Flow Statement
Mergers, Aquisitions and Divestments
market standing - Price / Earnings Ratio
Complications - Trust
caveats - Timing - Asset Valuation - Cost Allocation
Role of Ownership - role of ownership
in situ planning - System Objectives
Complications - Responsiveness
The Role of Structure - role of structure
R & D Costs
Complications - Price of Progress
The Role of Innovation - role of innovation
The Role of People - role of people
ROUND UP - The Golden Threads
The Wealth Machine - a 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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