GMS 200 Lecture Notes - Joint Venture, Midvale Steel, Hawthorne Effect

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Organization a collection of people working together to achieve a common purpose (ex. Open system is when u depend on factors outside the system, but a close system is when you can sustain yourself without factors affecting you from outside the system. An organization is an open system, because you need to sustain yourself by relying on the outside environment (different factors) The environment supplies (resource inputs = ppl, money, materials, technology, information) The organization creates (work activities turns resources into output = transformation process) The environmental consumers (product outputs = finished goods/services) Then there is customer and client feedback (to improve products/services) Productivity and the dimensions of organizational performance (goal attainment & If you are effective and efficient, then you achieve high productivity (goals achieved & no wasted resources) gives you competitive advantage over you re competition. Manager (traditional) a person who plans, directs people and resources.