GMS 200 Study Guide - Final Guide: Sustainable Development, Hawthorne Effect, Joint Venture

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

Document Summary

World of work is undergoing dynamic and challenging changes. Changes provide great opportunities along with tremendous uncertainty. Such changes can be ascribed to the impact of important trends regarding: intellectual capital, globalization, technology, workforce diversity, ethics and careers. Because of continuous change impacting the workplace, this raises a host of new career challenges. Smart people commit their energies and intellect to continuous learning and personal development. Companies with a future are committed to people. Companies with a future offer inspirational leadership; reward and respect people and provide supportive work environments (corporate culture). Intellectual capital: the collective brainpower or shared knowledge of a workforce. High performing companies gain extraordinary results from people. Knowledge worker: someone whose mind is a critical asset to employers. Workforce diversity: describes differences among workers in gender, race, ethnicity, age, religion, sexual orientation and able-bodiedness. Prejudice: the display of negative, irrational attitudes towards members of diverse populations.