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GMS 200 Study Guide - Longrun, Lifelong Learning, Uptodate

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School
Ryerson University
Department
Global Management Studies
Course
GMS 200
Professor
Peter Rambert

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GMS 200 Full Course Notes
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GMS 200 Full Course Notes
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Document Summary

World of work going under changes that give us opportunities along with uncertainty. Changes effect trends regarding intellectual capital, globalization (iphone5 release), technology (toys r" us tot ipad), workforce diversity, ethics (last 10 years scandals increase) and careers (baby boomer times vs. today) Dynamics of ever-present change extend into workplace and raise a host of new career challenges. Smart workers commit to continuous learning and personal development. Companies with a future commit to employees (people) and offer inspirational leadership, reward, respect people and provide a supportive work environment. Six areas where the world of business has undergone change. Internet has leveled the playing field for small companies. New business models, communication tech and distribution methods enable businesses to take products/services wherever they want. New generation of workers changing management styles and corporate culture as they force baby boomer bosses to consider worth ethic.

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Related Questions

1. Which of the following is a reason that training and development are key ingredients to the competitiveness of firms? a) Rapid change e.g. technology, requires employees continually learn new skills b) The new psychological contract has created the expectation that employees invest in their own career development c) Growing reliance on teamwork creates a demand for the ability to solve problems in teams d) Diversity and globalization require that employees be able to work well with people who are different from them e) All of the choices are correct

Which of the following statements about cultural differences in the workplace is most accurate?
A. The best way to deal with cultural differences in the workplace is to treat everyone the same way
B. Cultural differences were once a major problem, but television, telecommunications, e-mail, and the Internet have brought people closer together and greatly reduced cultural differences
C. Managers must be very aware of cultural differences and recognize that different employee may respond best to different management and motivational styles
D. Only firms that hire a lot of foreign-born workers are likely to have problems dealing with cultural differences. Workers born in the United States tend to have a common set of values and attitudes, regardless of age or social background