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ADMS 1000 Lecture Notes.doc

2 Pages

Administrative Studies
Course Code
ADMS 1000
Indira Somwaru

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January 8, 2014 Previous Notes & New Notes: What is a company made out of? - People - Structure - Goals and Strategies - Take it from the environment, alter the product, and ship it back into the environment The Organization: - Economic - 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 - Competitive - Technological - Global: - 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) Canada is doing so well because: - They import money (immigrants – bring in money) - The housing market - Increased immigration - Diverse exports (the trade union between Canada and Europe) IPO  Initial Public Offering Corporate Social Responsibility (CSR): Obligations that go beyond profit. A company must follow all these laws. Can be interdependent rather than mutually exclusive - Ethical - Legal - Economic - Philanthropic FOR CSR: - Business should conform to social expectations
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