GMS 200 Lecture Notes - Lecture 2: United Nations Global Compact, Foreign Direct Investment, Selective Perception

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Legal-political environment-laws and regulations, business forms, political trends. Data does not = information: 5 criteria for useful information: Polc advantages of it: planning: more timely access to useful info, organizing: all parts informed and coordinated, leading: frequent, better communication with stakeholders; objectives stay clear, controlling: timely performance information for correction. Ways of thinking: systematic rational; step by step; analytical; break problem down into small components; plan before action; search for information. Cognitive styles: sensation thinkers impersonal, facts, clear goals; like certainty and high control, sensation feelers facts and feelings/values; realistic; open communicators. Intuitive thinker abstraction, unstructured situations, idealistic, intellectual/theoretical positions; logical, impersonal avoid details. Intuitive feelers broad, global issues; insightful, avoid details; comfortable with intangibles; value flexibility and human relationships. Heuristics (rule of thumb): availability bias info readily available from memory, representation bias similar to stereotype (same school, anchoring and adjustment bias allegiance to a starting point (incremental change is not valid i. e. , salary increase)