GMS 200 Study Guide - Final Guide: Strategic Business Unit, Organizational Learning, Strategic Management

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

Document Summary

Talent: peoples talents are the ultimate foundation of organizational performance. Intellectual capital: collective brainpower & knowledge of workforce used to create value. Diversity: reflects differences with respect to gender, race, age. It can be bias because prejudice, discrimi- nation, glass ceiling effect. It"s world wide interdependence of resource flows, product markets & business competition, characterizes the economy. Technology: continuing transformation of modern workplace through internet, web, technology. Increasing demand for knowl- edge workers with skills to fully use technology. Ethics: code of moral principles that set standards of conduct of what"s good. Ethical expectations for modern businesses: integrity, sustainable development, natural environment protection, consumer protection, human rights. Careers: people must make sure skills are portable & of value in employment markets. Critical skills for success in new workplace: mastery, networking, entrepreneurship, technology, marketing, passion for re- newal. Organizations: collection of people working together to achieve purpose, provides useful goods.