MGMT 3000 Spring 2013 Exam 1 Review Notes Study Guide The exam will be a combination of 40 multiple choice and true false questions Exam 1 will cover the following material Full List of Random Names Numbers Dates etc that we most likely need to know because this is what the test is pretty much going to be Tests on random stuff mostly not key points Please add to this list Data The correct info is 7910 Exabytes 1 exabyte 1 billion gigabytes 3 times more bits than stars in the universe A Yotta is 1000 trillion a number with 24 zeroes Thomas Friedman The World is Flat Lexus and the Olive Tree BRIC countries Brazil Russia India China 3 skills managers need Technical Interpersonal Conceptual US Interest Rate 25 low risk low return Russia Interest Rate 8 25 high risk high return Strategic Planning 1 10 years Intermediate Planning 6 months 2 years Operational Planning 1 week 1 year Prime Rates lowest interest rate can be for commercial loan U S 3 25 Japan 1 2 Russia 7 75 not sure about the Ruskies asked prices last semester Russia s President Vladimir Putin Russia s Prime Minister Dmitry Medvedev Starbucks mission statement Our mission to inspire and nurture the human spirit one person one cup and one neighborhood at a time CEO Howard Schultz At least 171 Starbuck stores are in Manhattan Don t stand in front of a revolving door in Manhattan during the lunch time because you ll get knocked up by a busy man with a starbucks cup of coffee Dr Pirkle Chick fil a Be America s Best Quick Serve Restaurant The moon is 238 857 miles away from Earth heard this is first question on exam Google purchased motorola for 12 5 B 76 million in profit in 2010 but negative equity of 1 75 Billion Google s mission statement Organize the world s information and make it universally accessible and useful Amazon CEO Jeff Bezos Objectives are typically quantifiable goals Strategies are like road maps They are the ways by which you will achieve the objectives Fortune 500 Data The following is based off of 2011 data which is what I think he said in class not 2012 can anyone agree that that s true Most profitable company US Exxon Mobil World Gazprom Exxon Mobil Walmart largest corporation not most profitable revenue 421 8 B 2 1 million employees Target s revenue 67 4 B Coca Cola Beverage leader revenue 35 1 B PepsiCo Food Consumer Products leader revenue 57 8 B Walt Disney revenue entertainment leader revenue 38 1 B Amazon com internet leader revenue 34 2 B Google revenue 29 3 B Toyota is the number 1 auto manufacturer globally do we have to know their exact revenues yep Types of charts graphics Flow charts Gantt charts PERT networks Important on the graph with output units x axis and sales y axis Need to know which line is the sales line and which one is the cost line Where the break even point is Net gain vs Net loss areas Fixed cost line Break even point BEP formula BEP FC profit P VC Note profit might not always exist so the formula could also be FC P VC ZipCar Savings If you make 30 trips a month for 2 hours a day you will spend only 4 284 a year compared to over 9 600 if you own your own car 21 yrs old to rent ZipCar Avg price of a house in Detroit 7 200 Toll Brothers 2005 806 1 million Revenue 8 000 homes per year 4 655 employees 21 states 2009 2 450 homes 2 066 employees Survived Average revenue per house 90 000 Revenues grew 300 from 1982 1987 IPO in 1986 Sold minority stake for 40 million 1989 1992 housing slump 1st time in history that net income declined Home prices falling in 2008 Toll Brothers stock was down 2 3rds from its peak in 2005 Sales contracts were down 49 from 2007 and 76 from 2005 By 2009 house prices had fallen by 1 3rd from their peak nationwide Chery Automobile whoever put the bolds here are they bolded for a reason President Yin Tongyao Founded in 1997 By 2006 they are the 4th largest passenger car company 7 2 market share with sales of 303 000 vehicles 2007 18 chinese manufacturers Exported 50 000 vehicles in 2006 23 000 employees and hiring hundreds monthly 2007 assets of 22 billion RMB 2 8 billion USD 2007 net profit of 1 billion RMB Chrysler LLC One of the big three founded in 1925 1998 Sold to Daimler Benz for 38 Billion USD 76 of 2006 US Sales were from pickups minivans SUV s 2007 Sold 80 to private equity firm and turnaround specialist Cerberus Capital Management for 7 4 Billion USD Comparable competitors lineups 60 at GM 62 at Ford 43 at Toyota 2007 Chery Amulet Crash Test 1 7 16 points absolutely horrible cars made out of newspaper Only 2 100 Chinese owned brands Chery and Geely Automotive Geely had 30 of market share Tata Motors India s largest and 1st to build passenger cars 2007 sales of 7 2 Billion USD There is also information we need to know about the current event articles and their respective links below Rest of the Study Guide http onlineathens com local news 2013 01 15 caterpillar start hiring assembly floor workers Caterpillar CAT Opening a new plant in Athens CAT fill 30 positions in coming weeks pay between 11 20 hour This first round of employees tends to be important because they become leaders 300 employees by end of year 1400 positions over the next 5 years Expected to open in March 200 mil project Expecting ready to sell excavators in October http professional wsj com article SB10001424127887323706704578227702847406408 html mg reno64 wsjm Sany Heavy Industry Co is a Chinese construction equipment maker similar to CAT Sany bought 228 acres of wooded land in 2007 in Peachtree City Built 60 million office building and warehouse Only about 85 employees in Peachtree City office Not doing so well US market share is miniscule Only a few hundred Sany excavators have been sold in the American market so far Sany is No 6 on the latest ranking of the world s biggest makers of construction equipment Patience is an issue for Sany Annual sales are 80 B yuan 12 86 B USD Expect to be at 47 B USD in 10 years Caterpillar is 1st and Komatsu is 2nd among construction equipment makers http www ajc com news news amazon fails to collect new georgia tax nT4wm Amazon CEO Jeff Bezos Georgia Retail Association President and CEO Rick McAllister Shoppers buying items from Amazon com to be shipped to Georgia should be prompted to pay sales tax under the law that took effect Jan 1 But repeated checks of Amazon com show that isn t happening If sales tax were collected by only online retailers it would add an estimated 16 million annually to Georgia s already depleted coffers Amazon s lawyer