GMS 200 Lecture Notes - Lecture 1: Global Sourcing, Franchising, Carbon Footprint

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Ramsoomair

Document Summary

Social business innovation: using micro credit lending to help create small enterprises and fight poverty. Social entrepreneurship: social entrepreneurs are individuals with innovative solutions to society"s most pressing social problems. Sustainable innovation: creation of new products and processes that have lower environmental impacts than the available alternatives. Green innovation: the process of turning ideas into innovations that reduce the carbon footprint of an organization or its products. In highly innovative organizations, corporate strategy and culture should: Organization structure should be organic (to react right away) and use cross functional teams and task forces. Kurk lewin"s three phases of planned organizational change: transformational change. Unfreeze: ensures that employees are ready to change. Refreeze: ensures that the change becomes permanent. Good changes and some changes that are difficult to carry out. A comprehensive approach to planned organizational change that involves the application of behavioral science in a systematic and long range effort to improve organizational effectiveness.