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Midterm

GMS Midterm Review Ch 1,2,3,6,7.docx

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Department
Global Management Studies
Course
GMS 200
Professor
umrahhoward
Semester
Spring

Description
SummaryReviewingfrombeginningofthesemesterupuntilthemidtermCoveringchapters12367ContentsChapter1IntroducingManagementWorkingtodayaDescribehowintellectualcapitalethicsdiversityglobalizationtechnologyandthechangingnatureofcareersinfluenceworkinginthenewenvironmentIntellectualCapitalWorkisincreasinglyknowledgebasedPeopleareabletobringvaluewiththeirintellectualcapitalUltimatelytheyarethefoundationoftheorganizationEthicsSocietyhasahighbeliefthatcompaniesshouldcommittoethicalstandardsDiversityOrganizationsarebettertreatmentofmemberswhoarediverseinrespecttogenderraceageethnicityablebodiednessandlifestylesGlobalizationTheforcesoforganizationsincreasedindependenceamongnationseconomiesasconsumermarketsandresourceflowscreateincreasedbusinesscompetitionTechnologyEverPresentdevelopmentsinITreshapeorganizationalchangingthenatureofworkChangingnatureofcareersCareersintheneweconomyrequirepersonalinitiativetobuildmaintainaskillsportfolioinwhichtheskillsareuptodateandvaluabletoemployersbDefineintellectualcapitalworkforcediversityandglobalizationIntellectualcapitalthecollectivebrainpowerorsharedknowledgeofaworkforceWorkforcediversityDescribesthedifferencesamongworkersingenderraceageethnicityreligionsexualorientationandablebodiednessGlobalizationTheworldwideinterdependenceofresourceflowsproductmarketsandbusinesscompetitionOrganizationsintheNewWorkplacecDescribehoworganizationsoperateasanopensystemAsanopensystemtheorganizationinteractswithitsenvironmenttoprocessesthetransformationfromresourceinputtoproductoutputdExplainproductivityasameasureoforganizationalperformancedistinguishthedifferencesbetweenperformanceeffectivenessandperformanceefficiencyProductivityThequalityquantityofworkperformancewithresourceallocationconsideredPerformanceeffectivenessGoalattainmentanoutputmeasureoftaskofgoalattainmentPerformanceefficiencyResourceutilizationaninputmeasureofresourcecostassociatedwithgoalaccomplishmenteListseveralwaysorganizationsarechangingtodayRenewedbeliefinhumancapitalDemiseofcommandandcontrolEmphasisonteamworkPreeminenceoftechnologyEmbraceofnetworkingNewworkforceexpectedConcernforworklifebalanceFocusonspeed2OrganizationalEnvironmentaListkeyelementsinthegeneralandspecificenvironmentsGeneralenvironmentincludesEconomicunemploymentrateeconomicgrowthdisposableincomeSocioculturalpopulationdemographicseducationsystemhealthandnutritionalvaluesLegalpoliticallawsandregulationsbusinessformspoliticaltrendsTechnologicalITsystemsinfrastructurebroadbandinternetaccessNaturalenvironmentconditionsgreenvaluesrecreatinginfrastructureSpecificenvironmentincludessupplierscustomerscompetitorsregulatorsothergroupswhichinteractwithfirmbDefinesustainablebusinessandsustainableinnovationSustainablebusinessBothmeetstheneedsofthecustomersandproductsinthenaturalenvironment
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