ADMN 1000H Study Guide - Final Guide: Td Canada Trust, Gross Domestic Product, Multinational Corporation
18 Dec 2016
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Leadership: how people are managed within a company. (scientific management/behavioural) Labor: skills/talents and strengths an individual puts forth at a job. Strategy: decisions made by the business managers, to address the 6 external forces. External forces being: political: trades and relations. Business incentives: economical: state of the economy. Fixed spending (fiscal policy- stimulating the economy: global: which is all the forces combined, co(cid:373)petiti(cid:448)e: i(cid:374)dustr(cid:455) life(cid:272)(cid:455)(cid:272)le: i(cid:374)to (cid:894)3d t(cid:448)(cid:859)s(cid:895), gro(cid:449)th (cid:894)blue ra(cid:455)(cid:895), mature(cid:894)dvd (cid:895), death/decline (vhs). Monopoly: large firm with almost to none competitors (cineplex). Better interactions: cultural: demographics: age, sex, income, religion, education etc. Specific environments: customers, employees, suppliers, distributors, competitors, unions, Leadership: scientific management: taylor (american engineer who wanted to increase productivity in his field) Believing there is only 1 best method to do a job. Jobs are broken down into smaller tasks: administrative management theory: fayol (espirit de corps) unity of command. Creates team spirit/ harmony and unity within a business.
