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GMS 200 lecture notes class 1

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Ryerson University
Global Management Studies
GMS 200
Sui Sui

GMS 200 lecture notes 9/5/2012 5:13:00 AM Study Question 1: What are the challenges of working in the new economy? Talent Diversity  Gender, age, race, ethnicity, religion, sexual, orientation, and able- bodiedness.  Prejudice, discrimination, glass ceiling effect Globalization  The worldwide interdependence of resource flows, product markets, and business competition. Technology  Increasing demand for knowledge workers with the skills to fully use technology  Walmart scheduling system Ethics  Would you make an unethical decision to expand your business Ethical expectations for modern businesses  Wal-mart under bribery investigation Careers  Core worker, contract workers, and part-time workers  Working for google – can work from home Study Question 2: What are organizations like in the new workplace? Critical skills for success in the new workplace  Mastery  Networking  Entrepreneurship  Love of technology  Marketing – how you sell a product  Passion for renewal – iphone4 then iphone 4 then… Organization  A collection of people working together to achieve a common purpose Resource inputs Work Product outputs -people -labour -finished goods -money Organizational performance  Performance effectiveness (output)  Performance efficiency (input)  Productivity Workplace changes that provide a context for studying management  Google: amazing work place  Apple: organized system  Zappos: the happiness culture Study question 3: what
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