ADMS 1000 Lecture Notes - Lecture 1: Canadian Business, Gro Harlem Brundtland

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

Document Summary

The internal context of business: labour, leadership, structure, strategy. Specific environment: customers, suppliers, employees, competitors, unions, General environment: economic forces, global forces, technological forces, 1) political: country stability, laws and regulations, taxes, trade relationships, 2) economic: recession/growth, interest rates, currency rate, unemployment, inflation, national debt. 3) technological: work approaches, equipment, electronics, telecommunications, processing systems. 4) societal: customs, attitudes, values, ethics, demographics, consumer preferences. 6) global: includes all the other five forces but in an international context. Sustainability: no universal definition one definition by former prime minister of norway, Gro harlem brundtland: development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Social equity = meet needs of people. Economic: slow economic growth, unemployment low around 7%, job market challenging. Technological: canada trying to focus on more innovation but still dependent on resources industry. Societal: changing consumer tastes and preferences; consumers buying more goods online.