ADMS 1000 Lecture Notes - Human Capital, Corporate Social Responsibility, Initial Public Offering

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Indira Somwaru

Document Summary

Take it from the environment, alter the product, and ship it back into the environment. Labour: effects your business (how many people you can hire and when you can hire them) Political: laws can change, new people coming into power. Societal: cultures change, paces change, baby boomers. Recession: when your gdp declines within 2 consecutive sessions. Gdp gross domestic product (all the goods and services produced in the country) Gnp gross national product (all the goods and services produced in the country & abroad) They import money (immigrants bring in money) Diverse exports (the trade union between canada and europe) Corporate social responsibility (csr): obligations that go beyond profit. Organizations cannot be held accountable for their actions. Any individual or group who can affect or is affected by the action, decisions, policies, practices or goals of the organization. Directly affected by actions of the company (employees, customers, shareholders, suppliers, local communities, and government)