ADM 1101 Midterm: Mid-term review GMS200.docx

• School: University of Ottawa
• Department: Administration
• Course: ADM 1101
• Professor: Zhaosong L U

Document Summary

Global management: involves managing operations in more than one country. In the global economy, resources, markets, and competition are worldwide in scope. 3, in a competitive global business landscape, the increasing demand for talented knowledge workers is primarily due to the increasing # of low-cost production. 4, the age gap in today"s workplaces is one of the diversity issues that may create major challenges for managers. 5, the recruitment and retention of talented workers is one the major challenges faced by managers in a globally competitive economy. 6, according to katz"s framework on essential managerial skills, low-level managers need to develop more conceptual skills than top-level managers. The general environment is composed of economic, legal-political, technological, social-cultural, and natural environment conditions. A, economic environment: economic growth, unemployment rate, disposable income. Laws and regulations: business forms, political trends. D, socio-cultural environment: population demographics, education system, health/nutrition values. 8, a global economy is characterized by ________