GMS 200 Lecture Notes - Lecture 1: Glass Ceiling, Social Capital, Oligopoly

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

Document Summary

Work place diversity is gender, age, race, sexual orientation, and ablebodiedness. Called a business imperative and is viewed as an asset. A core competency that makes a business have a clear advantage over their competitors. Companies may achieve competitive advantages in many ways, including: Leadership is when you are able to influence and get people to follow you where as management is more of you making sure everyone does what they have to on a day to day basis. Information data made useful for decision making. Better and more timely access to useful information. Creativity is thinking of unique ideas to solve a problem or crafts and opportunity. Comparative advantages occur when one country can produce a good or service at a less opportunity cost than another. Practicing sourcing goods and services across geopolitical boundaries. This is done to lower cost in labor, raw material, production, etc.