GMS 200 Lecture Notes - Lecture 1: Human Capital, Natural Environment, Lifelong Learning

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GMS 200 Full Course Notes
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GMS 200 Full Course Notes
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Document Summary

Overview of the 21st century workplace: organizations must adapt to rapidly changing society, economy is global and driven by innovation and technology, high performing companies gain extraordinary results from, interdependent, knowledge based people working for them. Study question 1: what are the challenges of working in the new economy: intellectual capital/talent. 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. A knowledge worker adds to the intellectual capital of an organization someone who"s mind is a critical asset to employers: globalization disappeared. National boundaries of world business have largely. Globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Continuing transformation of the modern workplace: technology through: Increasing demand for knowledge workers with the skills to full utilize technology.

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