GMS 200 Study Guide - Final Guide: Collegehumor, Glass Ceiling, Intellectual Capital

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

Document Summary

Key global trends in business: greater use of social media, staying engaged with current customers, developing greater awareness of company in the marketplace. Response to global trends: business executives have to, revisit their business model regularly, be nimble, be quiet , know their customers very well and anticipate their demands, focus on the thing they do best, focus on flexibility & speed. Intellectual capital: the collective brainpower or shared knowledge of a workplace. Globalization: the worldwide interdependence of resource flows, product markets, and business competition. Ethics: a code of moral principles that set standards of what is good and right as opposed to. Bad and wrong in the conduct of a person or group. Organizations in the new workplace: organization: a collection of people working together to achieve a common purpose, open system: transforms resource inputs from the environment into product outputs.