GMS 200 Study Guide - Final Guide: Swot Analysis, Stretch Factor, Mary Parker Follett

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

Document Summary

Scalar chain there must be a clear and unbroken line of communication from the top to the bottom of the scale. Mary parker follett (the mother of conflict resolution) organizations are communities within which managers and workers should labour in harmony, without one party dominating the other, and with the freedom to talk over and truly reconcile conflicts and differences. Elton mayo increases in productivity arose form a group atmosphere that fostered pleasant social relations, and from the participative supervision found in the experimental groups; work is a social activity. To satisfy the higher needs, one must satisfy the base lower needs to begin with. Political risk: the potential loss in value of a foreign investment due to instability and changes in host country (interest rates, unstable currency) Local legal systems: complex and unfamiliar laws can create problems. Managers with ethnocentric attitudes believe that the best approaches are always found in the home country.