Macro 3

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Gale Pooley

Macro 3

Economy & Finance

Innovations
are market-tested
successful inventions

Capital
Anything I can use to
create something of
value

Ideas
IntellectualHumanPhysical Financial
Inventions
Culture
Entrepreneurs
The Eight Capitals of Innovation

“Capital will go
where it is wanted,
and it will stay
where it is well
treated. It cannot
be driven; it can
only be attracted.”
Walter
Wriston

Physical Capital
natural resources
time
buildings
equipment
things than make things

Physical Capital
natural resources
renewable
non-renewable

Human Capital
trust
health
trust
skills
knowledge
personality
relationships

I look for three things
in hiring people.
The ﬁrst is personal
integrity, the second is
intelligence, and the
third is a high energy
level.
But if you don’t have
the ﬁrst, the other
two will kill you.
Warren Buffett, CEO,
Berkshire Hathaway

Financial Capital
money and risk
savers and borrowers
time is money
(1+r)n
insurance
limited liability
double entry accounting

Three Steps
Save instead of consume
Innovators borrow
Create new productivity

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Discussion Questions: Chapter 3 1. Is profit the only important goal of a business? What are others? 2. Stockholders are only one group of stakeholders. Who are the stakeholders important to me inside the organization? 3. Who are stakeholders important to me outside the organization? 4. What does the successful manager need to know about ethics and values? 5. Is being socially responsible really necessary? 6. How can I trust a company is doing the right thing? Chapter 4 7. What three important developments of globalization will probably affect me? 8. Why learn about international management, and what characterizes the successful international manager? 9. Why do companies expand internationally, and how do they do it? 10. What are the principal areas of cultural differences? Research at least three (3) peer-reviewed articles about individual rights, morality, ethics, individual rights, duty, or codes of conduct for criminal justice professionals. Write a three to five (3-5) page paper 1. Thoroughly created a philosophy and approach for balancing the issues of individual rights and the public’s protection. Thoroughly provided one to two (1 to 2) examples illustrating how you will use this philosophy in your own career. 2. Thoroughly determined a philosophy and approach for balancing the use of reward and punishment in criminal justice. Thoroughly provided one to two (1 to 2) examples illustrating how you will use this philosophy in your own career. 3. Thoroughly selected a philosophy and approach that addresses the use of immoral means (e.g., torture or lying in interrogation) to accomplish desirable ends. Thoroughly provided one to two (1 to 2) examples illustrating how you will use this philosophy in your own career. 4. Thoroughly explained what you believe the Ethics of Care and Peacemaking Criminology presented in your textbook should mean for law enforcement professionals. Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format (latest edition). Include a cover page developed in accordance with the latest edition of APA, including a running head, page number, the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page, revision of the previous assignment, and the reference page are not included in the required assignment page length. 3.2 The Community of Stakeholders Inside the Organization Major Question: Stockholders are only one group of stakeholders. Who are the stakeholders important to me inside the organization? 3.3 The Community of Stakeholders Outside the Organization Major Question: Who are stakeholders important to me outside the organization? 3.4 The Ethical Responsibilities Required of You as a Manager Major Question: What does the successful manager need to know about ethics and values? 3.5 The Social Responsibilities Required of You as a Manager Major Question: Is.

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