GMS 200 Study Guide - Business Incubator, Multiplicative Function, Force Works

Overview of the 21st century workplace: organizations must adapt to rapidly changing society, economy is global and driven by innovation and technology, high performing companies gain extraordinary results from people working for them. People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workplace that can be used to create value. A knowledge worker adds to the intellectual capital of an organization. National boundaries are the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Continuing transformation of the modern workplace through: the internet, world wide web, computers, information technology. Increasing demand for knowledge workers with the skills to fully utilize technology. Diversity: workforce diversity reflects differences with respect to gender, age, race, ethnicity, religion, sexual orientation, and able-bodiedness, a diverse and multicultural workforce both challenges and offers opportunities to employees.