MGT 106 Lecture 20

Median Household Income:

$56,000/yr.
$56,000 X 35 years = $1,960,000*

Equation

Total Assets - Total Liabilities = Net Worth

Career Path:

A. Progress through company (ladder)
B. Hip-hop from co. to co.

Career Path: Two Roads

1. No "right" way
2. Hopping creates risk (and reward). Only 1 "rabbi"
3. Single company (can) produce more narrow mind-set (1 company culture)
4. Often times, you don't have a choice (mergers, acquisitions, reduction if workforce (RIF)
5. IF you switch c

Company "A" acquires Company "B" (one company). Why?

1. Products (revenue driver today)
2. R&D, Technology (revenue for tomorrow, synergy with today's own capabilities)
3. People capital (very few)
4. Customer relationships (sometimes)

Career Path

Run the gauntlet (clime the ladder) or*
Master current (one) role
*It's a personal choice

Self-development

You are responsible for your own development (not manager)
You are responsible for your career (trajectory, path, opportunities)
Oh, PERFORM FIRST!

1. Marketing vs. 1-2 Word Descriptors

Senior Marketing leadership Strategic/visionary
Product Manager Creative/leader
Market Analyst Pensive/introvert
Market Researcher Inquisitive
Marketing Operations Organized/driver
Copywriter Writer/introvert
Marketing/Sales Liaison Collaborator
Pricing A

1. Sales 1-2 Word Descriptor

Senior Sales leadership Charismatic, selfless
Regional Sales Director Leader, communicator
District Manager Team builder, flexible
Sales Representative Competitive, independent
Sales Trainer Communicator, nurturer
Sales Operations Analytical, introvert
Ma