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Global Management Studies
GMS 200
Shavin Malhotra

Chapter 1- The Dynamic New Workplace st 21 Century, brings about change in that companies value people. Companies provide valuable rewards and respect for work-life balance. Working in the New Economy Networked economy, linked together with IT New economy performance driven Companies excel in concerns for ethics and social responsibilities, innovativeness, and employee development, but also profitability and investment value Intellectual Capital Intellectual Capital: is he collective brainpower or shared knowledge of a workforce Knowledge worker: is someone whose mind is a critical asset to employers Globalization Globalization: is the worldwide interdependence of resource flows, product markets, and business competition Technology Tech used for everyday operations, but it also helps with communication (eg, dont need to be face to face) Diversity Workforce Diversity: describes differences in gender, race, age, ethnicity, able-bodiness, religious affiliation, and sexual orientation among works Prejudice: is the display of negative, irrational attitudes toward women or minorities Discrimination: Actively denies women and minorities the full benefits of organizational membership Glass Ceiling Effect: an invisible barrier limit career advancement of women and minorities Ethics
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