GMS 200 Lecture Notes - Lecture 1: Touch Typing, Intellectual Capital, Outsourcing

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

Document Summary

Knowledge workers are workers whose main knowledge is knowledge. A knowledge worker"s (cid:373)i(cid:374)d is a (cid:272)riti(cid:272)al asset to e(cid:373)ployers a(cid:374)d adds to the i(cid:374)telle(cid:272)tual capital of an organization. Collective knowledge of the individuals in an organization. This knowledge can be used to produce wealth, multiply output of physical assets, gain competitive advantage and enhance value of other types of capital. Te(cid:272)h iq is a perso(cid:374)"s a(cid:271)ility to use current technologies at work and in personal life. Examples: touch typing, knowing how to use social media. The process by which businesses or other organizations develop international influence or start operating on an international scale. Outsourcing: obtaining goods and services from outside organizations rather than producing it without your own organization. Reshoring: transferring business back to the country where it was originally located from overseas. Code of (cid:373)oral pri(cid:374)(cid:272)iples that set sta(cid:374)dards of (cid:272)o(cid:374)du(cid:272)t of what is (cid:862)good(cid:863) a(cid:374)d (cid:862)right(cid:863), as well as (cid:862)(cid:271)ad(cid:863) a(cid:374)d (cid:862)wro(cid:374)g(cid:863).