WEDNESDAY 9/12

IC101
Today: Great job to those of you who presented. So far, Kevin is the only one to have stumped us on the 5 statements about yourself. Thanks a lot Sleepy. Those of you who did not get the opportunity to present today will go on Friday. Justin will bring his computer (Thanks!) since mine is not compatible with some of your PowerPoint programs.

Homework: We will finish the personal presentations on Friday. Your first graded assignment is due on Monday 9/17. This is the Goals/Expectations Essay. Please follow the assignment guidelines on the syllabus. If you have any questions about the essay don't hesitate to ask. Continue communicating with Dan about your thoughts/ideas for the Civic Engagement Project. We will be talking about that in 2 weeks. Also give some thoughts to what we can do as a group for fun. So far we have discussed bowling and going to Chunkys.

IC212
Today: I thought our discussion today went well. We are headed for a great/fun semester if you continue to be vocal and actively participate. Hopefully today showed you how I will be handling the semester. It will not be a traditional lecture style class based on a textbook. I will lead/facilitate you as a group in discussions based on the readings. Sometimes, like today, we will indirectly discuss the readings. For example, Drucker discusses his opinions about the purpose and objectives of a business are and we discussed ours based on his. Sometimes we will directly discuss the material through PowerPoint or other notes. The main thing for you to keep in mind is to stay current on the reading; think about what the main point(s) are that are being made; think about if you agree/disagree with points. For our discussion today we discussed how from a short term perspective a company's main objective should be focusing on the customer. Remember, about 10% of your customer base is comprised of brand loyal customers. The other 90% is vital for profit. From a long term perspective a company's objective should be profitability. We also discussed that the purpose of a company is in the eye of the beholder. Looking from the outside in, the purpose should be creating a customer. Looking from the inside out, the purpose should be sustainability.

Homework:
-Read and be ready to discuss Chapters 6 & 7 from Drucker.
-Quiz #1 based on our Monday & Wednesday discussions and Friday's reading. Some main points you should focus on:
1) What does it mean to classify management as a "Liberal Art?" (Chapter 1)
2) When talking about the essential principles of management Drucker states that the single most important thing to remember about any enterprise is that results exist only on the outside and the result of a business is what? (Chapter 1)
3) What are the 3 tasks that management has to perform? (Chapter 2)
4) According to Drucker, what is the purpose of a business? (Chapter 2)
5) Drucker states that all businesses should have 5 main objectives. What are the 6 key areas that these objectives should be set in? He talks about 8 key areas, but I am lumping HR, Financial, and Physical into 1 area called Resources. (Chapter 3)
6) There is one right way to manage people. True/False Why? (Chapter 6)