GMS 200 Chapter Notes - Chapter 1: Management System, Dynamite Entertainment, Gross Domestic Product

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Organizations are expected to excel on performance criteria that include concerns for ethics and social responsibilities, innovativeness, as well as profitability and investment value. When they fail, customers, employees and investors are quick to let them know. For individuals, there is no guarantee of long term employment. In today"s economy, careers are being redefined in terms of flexibility, free agency, skill portfolios, and entrepreneurship. People and what they know, what they learn, and what they do with their knowledge, are the ultimate foundation of organizational performance. Intellectual capital: the collective brainpower or shared knowledge of the workforce, that can be used to create value. The ultimate challenge for any organization is to combine the talents of many people, to achieve unique and significant results. The intellectual capital equation can be used as a tool for such challenges. If you want a successful career, you must be a source of intellectual capital for employers.