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My Top 10 Takeaways From Comm 101
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kristy022231
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My Top 10 Takeaways From Comm 101
Accounting
Financial
Amortization
Paying off debt in regular fixed instalments over a period of time (straight line)
Similar to straight line depreciation
External
Positioning
Points of Parity
What makes this product similar to all its substitutes in the market?
Points of Difference
What makes this product different from its substitutes? How is it unique?
Ladder - If you can't push a competitor off the top, get to the top in another aspect
Innovation
Intrapreneurs
Innovation + Entrepreneurship
Those within a business in charge or innovation
Disruptive Innovation
Innovation that creates a new market and disrupts equilibrium in another
Innovation is not always a good thing, two sides of a story
Public Speaking
Building confidence
Skills needed to succeed in business
Getting a feel of speaking in front of a large class
Beneficial for competition and presentations
Pacific Venture Capital Competition
Business Model Canvas
Framework of a business
Make it more efficient to connect key aspects of a business together
Useful tool for case studies
Strategic Management
Value Proposition Canvas
How do you make value for your customers?
Think in the shoes of the customers
What wants should the product satisfy?
Maps out decision making (observing and designing based on the observation)
How will it help them get the job done?
Social Enterprise
For profit businesses that engage in a charitable cause (ultimately still profit driven)
One for One Business Model
Different from a not for profit organization
Finance
Time Value of Money
Money loses value over time
Worth more in the present (money can earn interest)
Financial Markets
where buyers and sellers participate in the trade of assets
Sauder Alumni
Provided a lot of insight on the business world
Gave me a clearer idea of what I might want to pursue in the future
Consulting
Showed me that business isn't just working in an office
Jenny Duffy
Skills needed to work in business
Case Studies
Gave me an opportunity to use the skills I learned and to make sure I knew how to integrate them
Got me interested in consulting
Good practice in learning how to assimilate information and use them interconnectedly
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