ADMS 1000 Lecture Notes - Monopolistic Competition, Knowledge Worker, Oligopoly

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

Document Summary

Three types organizations: public/governmental: provides good/service without generating a profit. Organizations are social entities, they are made to achieve goals, and interact with the environment. Organizations are open systems; they are embedded in and interact within the environment they operate in. Specific/task environment: parties that have direct influence on the organization example: General environment: influential on organization, right outside the task envior. Perfect competition: many small firms with identical product. Monopolistic competition: a large number of small firms with slightly different products. Oligopoly: small number of producers with different products. Competition is the invisible hand that gives society goods/services at a fair cost. Knowledge worker: a worker with a higher education and high value of skills. External elements that might have contributed to facebook"s. Case: 23-24 success are societal elements, competitive elements, technological elements and political elements. Societal elements allowed facebook to grow and be accepted internationally. It enhanced the web traffic and amount of users on it.