GMS 200 Study Guide - Midterm Guide: Foreign Direct Investment, Heuristics In Judgment And Decision-Making, Civil Services Of India

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

Document Summary

Setting performance objectives and deciding how to achieve them: controlling. Measuring performance and taking action to ensure desired results: organizing. Arranging tasks, people and other resources to accomplish the work: leading. Inspiring people to work hard to achieve high performance. What"s so special about global business: embracing the challenge of challenge, fierce competition, know your customers very well and anticipate their demands, do what you do best. How are organizations getting ahead in this global business landscape: flexibility and speed: it is definitely important, but enough, talented workers are needed to drive innovation and support change. Getting the most out of employees: companies are now paying closer attention to talent (human capital) management: Developing employees in accordance with business strategies. Succession management to orderly replace retiring managers. ), but may also account for many of the challenges that managers face today: Age difference alone can be a major challenge.