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Understanding Corporations: Purpose, Revenue Implications, and Management Needs

This piece explores the nature of corporations as separate legal entities created under state law, possessing distinct privileges and liabilities. It highlights the common traits of successful corporations, such as revenue generation, and discusses the significant tax revenues they contribute to the federal government (estimated at $2.4 trillion). The implications of these aspects are crucial for public good and require effective management, especially in technical fields. Additionally, the necessity of evaluating management practices and the role of intuition in leadership decision-making is examined.

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Understanding Corporations: Purpose, Revenue Implications, and Management Needs

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Presentation Transcript

  1. Current Business Environment Dr. Wieland

  2. What is a Corporation? A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members.

  3. Corporation Ranked by Revenues Generated in 2011

  4. Discuss Q1: What do most of these corporations have in common? Q2: How much money do you think the federal government took in relative to these corporations?

  5. Answer: 2.4 Trillion

  6. Implications What are the implications of this? The Corporation http://www.youtube.com/watch?v=xHrhqtY2khc Corporations were developed to “Serve the Public Good” (stop at 8:40 ish)

  7. Why Study Management? Reason #1 Change is needed. http://www.businessweek.com/stories/2009-05-20/mbas-public-enemy-no-dot-1-businessweek-business-news-stock-market-and-financial-advice The debate over business schools' fault in the financial crisis rages on, with no clear end in sight.

  8. Why Study Management? Resources (especially in technical fields) are valuable! Reason #2 Managers decide how to use the majority of our resources. The more efficiently and effectively that organizations can use resources the greater the well-being and prosperity of people in society. Only through improvements in productivity and/or technology does our standard of living improve.

  9. Testing Your Management IntuitionReason #3: Your intuition may not be as good as think! Example: Google Top performers were commonly promoted to positions in leadership and management. Read the related article: Evidence-Based Management

  10. Testing Your Management IntuitionReason #3: Your intuition may not be as good as think! Example: Google Top performers were commonly promoted to positions in leadership and management. Read the related article: Evidence-Based Management

  11. Current Research

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