ADMS 1000 Study Guide - Midterm Guide: Genuine Progress Indicator, Monopolistic Competition, Canadian Business

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

Document Summary

Organizations are social entities: made up of people, involve human interaction. Are created to achieve goals: goal directed either making profit or something else. Interact with environment: obtains input from external environment such as people, raw material technology or financial capital these input are transformed into output by the organization. Open system: organizations are entities that are embedded in and dependent in exchanges with the environment they operate within. Organization"s specific environment: external stakeholders such as employees, distributors, etc. Economic forces: if economy is in recession, organizations lay off people and downsize and introduce temporary workplace (canada; imports more than it exports) Global forces (any forces but internationally): events of september 11, 2001 changed the economy by economically and politically. International trade agreement keep changing in each country and it may affect organization. Political forces: government may dereg8ulate certain industries and it may affect industries. For example, reduction in trade barriers allow foreign companies to compete with canadian companies in.