GMS 200 Lecture Notes - Intellectual Capital, Brainpower, Human Capital

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Gms week 1 notes intro to global mgmt. Organizations must adapt to rapidly changing society. Economy is global and driven by innovation and technology. High performing companies gain extraordinary results from people working for them. People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workforce that can be used to value. National boundaries of world business have largely disappeared. Globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Continuing transformation of the modern workplace through: the internet, world wide. Increasing demand for knowledge workers with the skills to fully utilize technology. Diversity -workforce diversity reflects differences with respect to gender, age, race, ethnicity, religion, sexual orientation, and able-bodiedness. A diverse and multicultural workforce both challenges and offers opportunities to employers. Emphasis today on restoring the strength of corporate governance. Society requires businesses to operate according to high moral standards.