GMS 200 Lecture Notes - Lecture 1: Organizational Effectiveness, Competitive Advantage

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado

Document Summary

People working together to achieve a common purpose. Open systems that interact with their environment in the process of obtaining resources and then transforming them into outputs in the form of finished goods. If an organization is doing well, its resources must be well utilized and its customers must be well served. If organizations invest in resource inputs, they can: a business organization can earn a profit by selling a product for more than it costs, a non-profit organization can add wealth to society by proving a public service. A company can be measured through its productivity the quantity and quality of outputs relative to the cost of inputs. Performance effectiveness is an output measure of tasks; performance efficiency is a measure of the resource costs associated with the goal. The general environment of organizations consists of external conditions that allow managers to make decision-making. General environment conditions faced by firms like starbucks.