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Understanding Global Markets: Dynamics, Business Models, and the Fish Game Simulation

In this second week of the Management and Finance course at Instituto Mar de Cortés, we delve into the dynamism and competition of global markets. We explore the concepts of business dynamics, definitions of business, and the evolving nature of enterprise in a changing world. Utilizing tools such as mental and conceptual maps, we analyze traditional versus dynamic business models and learn through engaging activities like the Fish Game simulation. Prepare to understand how businesses interact within global environments and the significance of adaptability.

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Understanding Global Markets: Dynamics, Business Models, and the Fish Game Simulation

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  1. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Introductionto Management and Finance Week 2

  2. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Example of mental map. Week 2

  3. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Example of conceptual map. Week 2

  4. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Understanding of global markets. (mental/conceptual map) Week 2

  5. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • Week 2. Session 2 • DYNAMISM AND COMPETITION IN GLOBAL MARKETS. Week 2

  6. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. • Dynamism… Business in a changingworld Whatis /are business? Week 2

  7. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Definition of Business According to Princeton’s WordNet: Occupation: the principal activity in your life that you do to earn money commercial enterprise: the activity of providing goods and services involving financial and commercial and industrial aspects a commercial or industrial enterprise and the people who constitute it Source: http://wordnet.princeton.edu/perl/webwn Week 2

  8. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. According to Wikipedia: Business is a legally recognized organizational entity existing within an economically free country designed to sell goods and/or services to consumers or other businesses, usually in an effort to generate profit. Source: http://en.wikipedia.org/wiki/Business Week 2

  9. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. DYNAMICS. Dynamics, dynamism are common words in todays language. Business are dynamic, the world is dynamic, the society, a specified system, but what does dynamic really means? Week 2

  10. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Dynamic (or actual) Business Model. Traditional Business Model. Input Input Feedback Process Process Feedback Output Output Week 2

  11. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. In otherwords DYNAMIC means… …THE WORLD CHANGES EVERY MINUTE!!!!! Week 2

  12. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. The Fish Game results 401 Week 2

  13. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Fish results Pacific Ocean Atlantic Ocean Week 2

  14. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Catch / ship Pacific Ocean Atlantic Ocean Week 2

  15. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Assets Pacific Ocean Atlantic Ocean Week 2

  16. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Ships allocation Pacific Ocean Atlantic Ocean Week 2

  17. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Catch and ship value Pacific Ocean Atlantic Ocean Week 2

  18. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. The Fish Game results 402 Week 2

  19. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Fish results Pacific Ocean Atlantic Ocean Week 2

  20. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Catch / ship Pacific Ocean Atlantic Ocean Week 2

  21. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Assets Pacific Ocean Atlantic Ocean Week 2

  22. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Ships allocation Pacific Ocean Atlantic Ocean Week 2

  23. Instituto Mar de Cortés Introduction to Management and Finance (Ph6012) Planes Financieros M. en I. Alejandro Flores M. Catch and ship value Pacific Ocean Atlantic Ocean Week 2

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