ADMS 1000 Lecture Notes - Canadian Business, Resource-Based Economy, Gross Domestic Product

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Shahab Modirmassihai

Document Summary

Session 1: exploring the canadian business environment: a. Social entities: they are made up of people generated and maintained by people involve some level of human interaction. Goal oriented: some kind of goal or objective they were designed to achieve. Interact with the environment: an organization obtains inputs from its environment whether in the form of people, raw materials, technology or financial capital. All these inputs are transformed by the organization and become outputs: the goods, services or knowledge that the organization generates. A system can be defined as interdependent elements working together to achieve a goal or goals: the interdependence of its elements creates an entity that is more than the sum of its parts. Organizations as open systems organizations are entities that are embedded in and dependent on exchanges with the environment they operate within. In addition, organizations can be viewed as social systems, with ppl constituting the basic elements.