ADMS 1000 Lecture Notes - Lecture 1: High Tech, Canadian Imperial Bank Of Commerce, Gross Domestic Product

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Peter Modir

Document Summary

Attribute: a business advantage of some kind, which might include having highly skilled staff, patented technology, or anything else that makes the company a leader in its field. Big six: canada"s six biggest banks, including cibc, scotiabank, td. Branch plant: subsidiaries (of companies in another country) that do not perform the complete range of functions necessary to offer a product in the marketplace. Typically, subsidiaries defer responsibility of higher-level strategic functions to the parent company. Change: a shift in how an organization operates. Competitive advantage: achieved when an organization excels in one or more attributes that allow it to outperform its competitors. Competitive forces: the domestic and foreign competitor influences on organizational decisions. Competitors are organizations operating in the same industry and selling similar products and services. Economic forces: the economic influences on organizations, such as the state of the economy, unemployment, inflation, interest rates, and gross domestic product.