GMS 200 Study Guide - Midterm Guide: Availability Heuristic, Bounded Rationality, Representativeness Heuristic

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

Document Summary

Global management: involves managing operations in more than one country. Key conditions in general environment (all external conditions): economic environment. Legal political environment: natural environment: recycling, soci-cultural environment: population, education, technological environment: it systems. A global economy: resources, market and competition are worldwide in scope. Continuously changes and improves, using the lessons of experiences. It place high value on the ability to learn. Mastery: you need to be good at something and be able to contribute something of value to your employer. Networking: you need to know people link with others outside. Entrepreneurship: you must act as if you are running your own business, spotting ideas and opportunities and stepping out to embrace them. Low of technology: you have to embrace technology must be able to use the basics. Marketing: you need to able to communicate your successes and progress. Passion for renewal: you need to be continuously learning and changing.