GMS 200 Study Guide - Midterm Guide: Foxconn, High-Context And Low-Context Cultures, Hawthorne Effect

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

Document Summary

Gms200 midterm practice questions: define global management. The management process of planning, organizing, leading and controlling is all driven by information. Planning - setting performance objectives and deciding how to achieve them. Controlling - measuring performance and take 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 are the 6 global trends in business, greater use of social media to: Develop greater awareness of company in the marketplace. Identify and attract new customers: becoming more difficult to define value and customer satisfaction: Do customers care more about the price of the products or the reputation or image of the company: globalization of production: Production of key components (toshiba, japan; infineon, germany; samsung, korea etc. All parts are assembled abroad (foxconn, china).