GMS 200 Chapter 1: Chapter 1 - GMS.doc

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

Document Summary

Working today: talent, diversity, globalization, technology, ethics, careers. The dynamic new workplace: 21st century has brought a new workplace which one must adapt easily with society, organizations change fast, economy is global, driven by innovation and technology, high performing business = great success. Working in the new economy technology is changing our lives. Technology - technology makes life easier and faster. Ethics: ethics- moral standards of what is good and right in ones behavior, corporate governance; emphasis on making them stronger. Careers: shamrock; 3 leaves; core workers (full), part time, contract workers, when changing jobs your skills must change and must be valued at the current value. What is an organization: organization - collection of people working together to achieve a common purpose, purpose; providing useful good or services; satisfying customers" needs. Resource inputs (the environment supplies) transformation process (the organization creates) product outputs (the environment consumes) Goals achieved resources wasted neither effective nor efficient.