MGMT 1000 Chapter Notes -Bp, Urban Sprawl, Visible Minority
Document Summary
Powerpoint notes: the knowledge economy: a world where the ownership of knowledge as opposed to the ownership of financial capital, is becoming the formative force , organizations as machines versus brains , contingency approach: analyzing relations between organization and environment, prospector, defender and analyzer organizations, defender organizations focus on sustaining a profitable environmental niche by being highly cost effective and use price competition, an emphasis on quality, and other. Instead of setting goals and aspirations that are energizing and challenging, they accept the way things are. They under- perform because they feel undervalued and under-challenged: the problem of trained incapacity and self-limitation often creates corporate cultures characterized by stalemate or deteriorating performance. In the modern economy knowledge is king: the rise of knowledge work and a knowledge economy creates a powerful synergy between individual and corporate interests in ways where all can gain.
