ABM 501 NOTES
09-06-22
Sole Proprietorship
⚫ most common type of business structure.
⚫ A business that can be owned and controlled by
an individual, a company or a limited liability
partnership.
⚫ There are no partners in the business.
Partnership
⚫ a form of business where two or more people
share ownership, as well as the responsibility for
managing the company and the income or losses
the business generates.
Corporation
⚫ is a business entity that is owned by its
shareholder (s), who elect a board of directors to
oversee the organization’s activities.
⚫ The corporation is liable for the actions and
finances of the business- the shareholders are
not
BUSINESS MANAGEMENT VS. BUSINESS
ADMINISTRATION
What is Business Administration?
⚫ -A bachelor’s or master’s degree in business
administration sets you up with wide range of
skills related business operations.
⚫ The job of a business administrator is to oversee
the various processes of the business and to
keep things running smoothly as possible.
⚫ A business administrator also steers
company’s direction to keep it in line with the
goals and priorities set by stakeholders. The
success of the business relies heavily on day to
day operations, and business administration is
the key to managing them.
What is business management?
⚫ A business manager focuses more on designing
the path than steering it.
This is the company’s decision maker (or
decision-makers since there may be a team of
business managers).
⚫ They develop the infrastructure that makes up
the business and its future. They may monitor the
core operations to see if tweaks are necessary to
improve profitability or structure.
WHAT IS THE NEXT ARCHITECT?
By James P. Cramer & Scott Simpson
The next Architect takes a fresh look at our fast
evolving profession, starting with the proposition that
everyone is an architect, both enables and
empowered to help shape tomorrow’s world.
JAMES P. CRAMER
Cramer and Simpson focus on how new technologies
and processes in design are changing not just what
we do, but how we do it.
Tomorrow’s successful practitioners must be skillful at
collaborative design techniques and comfortable
working at warp speed.
There will be new ways of working not only at the
office, but on the construction site as well.
The next Generation of Design professionals (must)
make full use of talents to build a better, healthier,
and more prosperous world.
the
 owners are looking for a single entity to provide
integrated services.

MRA - Mutual Recognition Agreement

A mutual recognition agreement (MRA) is an
international agreement by which two or more
countries agree to recognize one another’s
conformity assessments.
-A mutual recognition arrangement is an international
arrangement based on such agreement.

FRAMEWORK FOR MEETING DEMANDS OF NEW

TRENDS

Globalization comes home: Traditional international

borders are factoring less into the design process as
all firms potentially now can practice globally and
global firms now can practice locally.

Talent shortage: With fewer younger staffers

following the baby boomers and other professional
careers offering higher salaries, firms are looking to
innovative ways to get and keep talented employees.

FRAMEWORK FOR MEETING DEMANDS OF NEW

BIM sets a new standard; BIM is transforming
TRENDS
design product from paper to an integrated base
1. BIM Modeling
Integrated, collaborative design: Owners,
2. BIM Clash Detention
architects, engineers, consultants, and contractors
3. BIM Calibration
will operate using a single technology platform that
4. BIM Sheet Generation
will enable and require all discipline to work
simultaneously and interactively.
RFI- Request for information
RFA - Request for Approval
Pro- Core- Database where people within the
construction project can collaborate
Demographics is destiny: Baby boomers, the last
generation born before the digital revolution, are
Design-build dominates: As the process of
having a huge effect on demographic trends as they
designing and building becomes more streamlined,
approach retirement age and move from suburb to
city, look to continuing-care retirement communities, more answers than questions.”
and spend more money on travel and entertainment.

Productivity and performance: The digital

revolution- 3D and 4D CAD are allowing architects to
spend more time thinking and less time drawing

⚫ The power of branding: You have a brand (your

culture made manifest). Whether you like it or not:
“ Strategic branding is the best antidote to the
commoditization in the design professions.”

Fast architecture: Using new technologies and

management techniques, architects are discovering
that speed is “not necessarily the enemy of quality”;
and clients are demanding speed.

Designing the “design experience: ”Clients are

increasingly aware that the experience of using a
building or space is increasingly important to their
clients and users.

Going Green: Architects are uniquely positioned to

work with politicians, business leaders, and the
academy to advance the role of sustainable design.

Life-cycle design: New services and income

streams for architects will evolve as clients recognize
that there is no one better to help care for a building
than the people who designed it in the first place.

High definition value: Architects ar;e creating

design value, not selling lines on paper and therefore
need to work an expanded vocabulary to explain
what they deliver.

Strategic Optimism: Clients respond to that “can do”

attitude, especially in a profession that always “has