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Consumers' Advertising Response Processes
This note provides a review of three different models of consumers' advertising response processes, and discusses the implications of these models for advertisers. It also describes the advertising agency's model or grid and its role in marketing communication planning. The model is known as AIDA, standing for getting Attention, developing Interest, building Desire, and finally getting Action. -
Understanding the Statement of Cash Flows
Describes the purpose, preparation, and uses of the statement of cash flows. Intended as an introduction to the statement. Illustrates and explains the differences and similarities between direct cash flow statements, indirect cash flow statements, and funds flow statements. -
Note on Commodity Futures
Describes how commodity futures work, what products and exchanges are available, and who the players in the commodity markets are. Also presents a careful discussion of the pricing of futures in commodity markets, focusing on cost of carry and risk premium approaches, and explaining backwardation and contango markets. -
Introduction to Accounting Records
An introduction to the vocabulary and methodology of bookkeeping and accounting records. -
Ethical Dimensions of Competitive Analysis
Presents some of the dilemmas of gathering competitive information and the appropriate limits for competitive analysis. Raises the issues involved and provides information about actual corporate practice. -
Strategic Industry Model: Emergent Technologies
Describes computer model and output from conjoint analysis and perceptual mapping for product line planning. -
Researching and Monitoring Consumer Markets
Describes the major research techniques for consumer goods new product development, i.e. pre-test markets and electronic purchase monitoring. Provides students with information on availability and utility of these services. -
Selected Profitability Data on U.S. Industries and Companies
Describes the importance of industry structure and competitive positioning to the profitability of U.S. corporations between 1981 and 1994. Cites recent research indicating that persistent industry differences and persistent competitor differences account for 19% and 32%, respectively, of variation in profit. Additional evidence is developed to show the relationship between industry-average performance and competitor differences. -
Global Computer Industry
Describes the evolution of international trade and global competition in computers. Focuses on the role of country factors, government policies, and firm strategies in shifting competitive advantage among regions of the world. Pays special attention to international alliances in this context. Allows integrated analysis of country, government, and firm advantage in high technology competition. -
Note on Cross-Border Valuation
Provides a fundamental technical review of valuation techniques used to assess cross-border investments. Discusses the discounting of free cash flows with a weighted average cost of capital, the use of adjusted present value, and the importance of considering real options. Special concerns such as foreign-exchange risk, country risks, and so forth are also discussed. -
Resources: The Essence of Corporate Advantage
Introduces the idea that a firm's resources are at the heart of corporate advantage. Identifies six characteristics of a resource that together describe its potential for creating value for the firm. -
Managing Sales Interfaces: An Introduction
Concerns issues involved in coordinating sales efforts with product management and customer service activities. First, discusses environmental factors that increase integration requirements among these groups, and why these factors make the field sales force a crucial crossroad in organizing and implementing marketing efforts. Second, outlines some common roles, responsibilities, and interdependencies among product, sales, and service groups in the marketing organization. -
Note on Foreign Currency Swaps
Provides descriptive background about the development of an international market for currency swaps and, by means of a detailed example, instructs readers in the determination of swap flows and all-in costs of financing using market swap rates. A rewritten version of an earlier note. -
Relevant Costs and Revenues
Develops the idea that the relevance of costs and revenues depends on what decisions are under consideration. Revenues and costs are relevant if they would be different under one decision choice than under the other. Teaching purpose: Basic background material for decision making under certainty and under uncertainty. Provides a framework under which a variety of costs and revenues, resulting from substitution, complementarity, capacity, etc., can be identified as relevant. -
Empowering Language
This note describes ways in which managers can learn to empower their employees through the way they communicate with them. The note is intended as a thought piece before doing skill-development exercises on the various approaches outlined in the note, including listening, clarity, invitations, and descriptions. Language is our primary means of communication. It constrains our thinking, reflects our basic values, and is the most common medium for the exchange of our thoughts and beliefs. The language we speak allows us to convey certain thoughts and causes us to be confused about how to convey other thoughts. Indeed, language can prohibit us from grasping and understanding certain concepts and can make other concepts available to us. With its power as the central vehicle for communicating goals, thoughts, plans, instructions, requests, and so on, in business settings, language is perhaps the most important management tool we have. -
Brief Introduction to Cost Accounting
Introduces the reasons for and basics of cost accounting and cost management systems. Simple definitions of forms used in cost accounting are included. Cost behavior is discussed. Questions to which answers are needed when analyzing or designing a cost system are summarized. -
Note on Bankruptcy in the United States
An introduction to, and summary of the laws, rules, and procedures established in the United States for settling the claims of creditors on a bankrupt company. Covers both Chapter 7 liquidations and Chapter 11 reorganizations. -
Market Research
Describes the major classes of market research. Provides students with an overview of methods available enabling them to select the proper set for their purposes. -
Note on Corporate Governance Systems: The United States, Japan, and Germany
Describes and compares the corporate governance systems commonly found in the United States, Japan, and Germany. -
Persuasion
Examines the principles that apply in any persuasive business situation. Describes how to analyze the goals and audience; how to devise a persuasive message; and how to execute a persuasive strategy in writing, presentations, and larger corporate communication tasks.