GMS 200 Lecture Notes - Lecture 1: Foxconn, Millennials

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Develop greater awareness of company in the marketplace. 2 becoming more diicult to deine value and customer saisfacion: Electronics (e. g. , iphone): design work (apple, u. s. , producion of key components (toshiba, japan; inineon, germany; samsung, Korea etc. : all parts are assembled abroad (foxconn, china), finished equipment is re-exported to the apple, u. s. E. g. , robots are being used as recepionists and nursing aids (japan) 5 compeiion in the global marketplace is becoming more intense: Know their customers very well and anicipate their demands. Focus on lexibility and speed: informaion technology (it) is deinitely important, but not enough. Talented workers are needed to drive innovaion and support change. Develop employee capabiliies in accordance with business strategies. Engage in succession planning to orderly replace reiring managers. Managers are expected to organize the workplace in a way that gets the most out of workers and other resources at their disposal. Conceptual skills- the ability to think analyically and achieve integraive problem solving.