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Global Management.docx

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Department
Global Management Studies
Course
GMS 200
Professor
Rodney Umrah
Semester
Winter

Description
Intro to Global Management Chapter 1 *Because we live in an environment that is changing continuously www.glo-bus.com - Intellectual Capital o Collective brainpower or shared knowledge of a workforce that can be used to create value  Intellectual Capital = Competency * Commitment - Knowledge Worker o Someone whose mind is a critical asset to employers and adds to the intellectual capital of the organization ( value to the company) Diversity - Workforce Diversity o Describes the composition of a workforce in terms of differences among people (E.g. gender, age, race, ethnicity, religion, sexual orientation, and ablebodiedness) - Prejudice o Holding of negative, irrational opinions and attitudes regarding members of diverse populations, sets the stage for diversity bias - Discrimination o When visible minority members are unfairly treated and denied the full benefits of organizational membership - Glass Ceiling effect o Invisible barrier or “ceiling” that prevents women and members of visible minorities from rising above a certain level of organizational responsibility Globalization - Globalization o Worldwide interdependence of resource flows, product markets, and business competition that characterizes our new economy - Ethics o Code of moral principles that sets standards of what is “good” & “right” as opposed to “bad” & “wrong” in the conduct of a person or group - Portfolio Worker o Someone who always has the skills needed to readily shift jobs and even careers Describe how intellectual capital, ethics, diversity, globalization, technology, and the changing nature of careers influence working in the new economy Define intellectual capital, workforce diversity, and globalization Explain how prejudice, discrimination, and the glass ceiling effect can hurt people at work Organization - Organization o Collection of people working together to achieve a common purpose - Open Systems o Interact with their environments in the continual process
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