GMS 200 Lecture Notes - Lecture 1: Intellectual Capital, Knowledge Worker, Brainpower

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

Document Summary

Study questions: what are the challenges of working in the new economy, know what"s going on, intellectual capital. People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workforce that can be used to create value. Knowledge worker adds to the ic of an organization: globalization. National boundaries of world business have largely disappeared. Globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterizes the new economy: technology. Continuing transformation of the modern workplace through: Increasing demand for knowledge workers with the skills to fully utilize technology: diversity. Workforce diversity reflects differences with respect to gender, age, race, ethnicity, religion, sexual orientation, and able-bodied. Diverse and multicultural workforce both challenges and offers opportunities to employers: ethics. Society requires businesses to operate according to high moral standards. Emphasis today on restoring the strength of corporate governance: careers.