Goldman Sachs now sees loss of 400,000 jobs in November

http://www.reuters.com/article/ousiv/idUSTRE4B27XW20081203

One of the biggest and wealthiest law firms Goldman Sachs had to unemployee 400,000. That is a little state worth of people. When will this end? Read more at link above...

Ford considers sale of Volvo

http://www.reuters.com/article/ousiv/idUSTRE4B04RS20081201

Ford the large auto maker has been selling there assets in order to balance out gains vs losses. There next target to sell seems to be Volvo but its only under consideration. Read more at the link above.

Obama, McCain pledge to work together on reform

http://www.reuters.com/article/newsOne/idUSTRE4AG5MW20081118

President elect Obama and senator McCain plan on working together to solve some of our biggest issues. I believe this is great. This is what we all need to do settle out differences and work together for the future. Read more about it at the link above.

Intel's shock warning sounds alarm for tech sector

http://www.reuters.com/article/ousiv/idUSTRE4AB98920081113

Intel's shares are going down. The largest microprocessor manufacturer is getting worried about the consumers not buying computer products for the holidays. Even they are feeling the economic crisis. Read more about it in the link above.

Circuit City Filing For Bankruptcy

http://www.reuters.com/article/ousiv/idUSTRE4AA07B20081111

Circuit City one of the biggest electronic retailers is about to file for bankruptcy. In the article the investors say it was not a big surprise but to me its like wow when will this stop. I would have never thought that a store that I visited as a child would go down in such a way. To read more about go to the link on top.

Verizon's Blackberry Storm

http://news.cnet.com/more-verizon-blackberry-storm-details-surface/

At&t IPhone, T-Mobile G1 and now introducing Verizon's Blackberry Storm. With this blackberry madness there is these days will it live up to the hype? Is it possible to surpass its competitors? I guess we will just have to wait and see.

Gasoline at cheapest price since March 2007

http://www.reuters.com/article/ousiv/idUSTRE49Q7GJ20081027

It's about time! Now I might consider buying a car. Just kidding. Well if it drops some more and less importantly I get my license lets see what happens.

GM/Chrysler talks intensify, Europe carmakers warn

http://www.reuters.com/article/ousiv/idUSTRE49N8AZ20081024

GM wants to acquire Chrysler. Sounds great for GM but how about the 5000 workers who will lose there jobs because of this. The article also talks about how bad things are going in the auto industry. Its the pretty interesting check the link above.

Goldman Sachs to cut staff by 10 %

http://www.reuters.com/article/etfNews/idUSLN72138120081023

This is crazy. Less jobs is not what we need right now but I guess if this "new regulatory authority" will promote "better banking" then I guess its ok.

How much do I know about chapter one?

What is Management?
I Answered: The organization , command and control of a business.
Answer: It is the process of working with and thought others to achieve organizational objectives in a changing environment.

What is effectiveness?
I Answered: When something works.
Answer: Entails promptly achieving a stated objective.

What is efficiency?
I Answered: How stable a business is.
Answer: Enter the pictures when the resources required to achieve an objective are weighed against what was actually accomplished.

What is offshoring?
I Answered: Controlling business over seas.
Answer: The outsourcing of jobs from the developed countries to lower wage countries.

What is the internet?
I Answered: The world wide web.
Answer: The worldwide network of personal computers, routers and switches, powerful servers, and organizational computer systems.


What is e-business?
I Answered: Business over the internet.
Answer: One seeking efficiencies via the internet in all basic business functions, productions, marketing,and finance/accounting-- and all support activities involving human, material, and financial resources.

What are managerial functions? List the ones you know.
I Answered: Functions of managers.
Answer: General administrative duties that need to be carried out in virtually all productive organizations to achieve desired outcomes.

What are managerial skills?
I Answered: Leadership.
Answer: Specific observable behaviors that effective managers exhibit.

What is a small business?
I Answered: A business with a certain staff.
Answer: An independently owned and managed profit seeking enterprise with fewer than 100 employees.

What is entrepreneurship?
I Answered: A risk taker.
Answer: Process of pursuing opportunities without regard to resources currently under one's control.

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A wise man once said "Smart is using whatever you have to get what you want"

William Crapo "Billy" Durant (12/8/1861–3/18/1947)

<--- Image of William Durant in his early years.

Image of William Durant in a house in New Jersey in the 1920's --->

<--- Image of William Durant 1940's.

The Formation Of General Motors

General Motors, the worlds largest automobile maker, was founded in 1902 by a man named William Durant. Originally, General Motors was a holding company for Buick. At the time, carriages were used more than cars but William Durant, the smart man he was, had a clear vision of the future and it all pointed towards cars. At latter years the company grew larger by aquiring Oldsmobile, Cadillac, Oakland and Elmore but that was only the beginning. The company sored to new heights around the early 1900's when at the moment small companies were in financial exigency due to the stock markets panicking drop in those years. William Durant knew this chance was golden. He did not hesitate in buying various companies in which he knew he would benefit from. Car builders, maker of parts and accessories were forged into one making in 1908 the General Motors we know today.

Adolfo E Lugo

Friday, August 29, 2008

BUS200