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rticle – “BEGINNERS GUIDE TO FINANCIAL STATEMENTS.”
* WWW.SEC.GOV - EDUCATION – PUBLICATIONS
Write an Executive summary – maximum 2 pages and include definitions WITHIN the summary for the following:
Debt-to Equity Ratio, Working Capital, Current vs. Long Term Debt, Enterprise value. SESSION 3- BENCHMARKING
A.” The search for those practices that will lead to superior performance for the company.” 1. Benchmarking the competition 2. Benchmarking outside the industry. 3. Product, Process and Financial benchmarking. SESSION 4 - Manufacturing Methods (part 2) A. JIT System /Toyota Production Method. 1. Zero inventory myth 2. Kanban - push vs. pull 3. Kaizening - an evolutionary improvement program

4. Ideal lot-size of one.
B. From Fat to Lean to no Manufacturing: The Porsche Auto Company.
C. Cluster Manufacturing.
D. Additive compared to subtractive manufacturing.
E. 3-D printing and nanotechnology.
D. Migration of manufacturing and information technology (IT) jobs. Is this economic entropy? SESSION 5 -THE GLOBAL ENTERPRISE.
A. What is a Global Corporation?
B. Why do Corporations go Global? Do they have a choice?

C . How to become a Global Corporation. D. National Culture - A major obstacle to successful globalization. E . Problems of Global Corporations. Ethics, Professional Practice, Human Resources, NIH Syndrome - not invented here. (This syndrome is disappearing with the “Globalization of innovation.”) SESSION 6 – ENTREPRENEURS – Can they create sufficient jobs to replace those lost due to increased Productivity and the Economic crisis? Joseph Schumpeter’s economic theory of CRATIVE DESTRUCTION.
Creative Destruction: e-book readers/Borders. Netflix/Blockbuster – business model. B. Entrepreneurial Models: Innovation,

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