ADMS 1000 Lecture : The Challenges Of Business lecture from 04/01/11

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Natalie Guriel

Document Summary

Internal and external forces framework and their influence on organizations. Reduction in federal corporate tax rate from 18% to 16. 5% for 2011. Canadian federal tax rate is half of u. s. federal tax rate. Strong housing market (ex: higher home ownership rate than u. s. ) Type of people within organizations/companies: owners / investors: the people who begin the company, managers: the people who co-ordinate operations within the company, employees: the company"s greatest asset/those who understand how it works. To take pride in a company they work for. To be part of a successful company. To have a fulfilling career: structure. Organizational structure: organization size, technology, environment uncertainty, individual differences, decision-making (centralized vs decentralized, strategy. Differentiation: the nature of competitive advantage, external [industry] analysis, internal [core competency] analysis, combining them and implementing strategies. The external context of organizations: societal forces. Who is society: general public or community, consumer, media, educators, other special interest groups.