Unformatted text preview: 5. Global business environment Ways for government to promote entrepreneurship • Keep taxes and regulations to a minimum • Allow private ownership of businesses • Minimize interference with the free exchange of goods and services • Passing laws that enable business people to write contracts that are enforceable in court • Establish a currency that’s tradable in world markets • Minimize corruption Productivity – amount of output you generate given the amount of input Database – electronic storage file where information is kept Empowerment – giving the frontline workers the responsibility, authority, and freedom to respond quickly to customer requests Demography – statistical study of the human population with regard to its size, density, and other characteristics such as age, race, gender, income...
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This note was uploaded on 09/23/2008 for the course AEM 1200 taught by Professor Perez,p.d. during the Fall '06 term at Cornell.
- Fall '06