ADMS 1000 Study Guide - The Industry Standard, North American Free Trade Agreement, Foreign Direct Investment

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

Document Summary

Lecture 1: the context of business a framework case: sam the record man. Seven external contexts that act on all businesses: labour. The changing of the workforce/ increasing diverse & women in the workforce. How unions have an impact of work and society. (the union is the voice of the workers, protects them: competitive. Who competitors may be, may be at a local/national/global level. Globalization leading to more competition: technological, global. Accessibility to markets through technology, affects operating costs. Effects how work is done (teleworkers, flexible work practices) Advances in technology makes work faster and more efficient (cheaper and better) Organizations must now think globally, and how things are seen and presented on an international level. How outsourcing effects business/jobs (gain a competitive advantage/cheap labour: societal. Csr (cooperate social responsibility), giving back to society, and how this is seen. Human rights and how employees should be treated, pay equity and fairness.