GMS 200 Study Guide - Midterm Guide: Chris Argyris, Foreign Direct Investment, Absenteeism

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Joseph Zboralski

Document Summary

Unit 1: introducing management: global management is the study of how companies become global and how they interact with other companies across the world. Globalization is the worldwide interdependence of resource flows, product markets, and business competition. Global management is managing operations in more than one country: in the global economy, resources, markets, and competition are worldwide in scope, a learning organization continuously changes and improves, using the lessons of experience. Learning organizations is a branch off of knowledge management which is the process of using intellectual capital for competitive advantage. Organizations can learn from many different sources, some of which include past experiences, other companies, contractors, suppliers etc: the critical survival skills for the new workplace are: Lecture 2: information and decision making: the classical model talks about an optimizing decision while the behavioural model talks about a satisfying decision.