ADMS 1000 Study Guide - Midterm Guide: Monopolistic Competition, Sunk Costs, Employment-To-Population Ratio

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Introduction (week 1: the external context of business, what are the different external (7) forces and how do they influence organizations, the canadian context, textbook chapter 1 (case: sam the record man) > influence on present and future prospects of an organization. > organizations forced to adapt to changing economic conditions. > downsizing leads to laying off employees (affect employee relationship) Gdp (gross domestic product) total value of a country"s output of goods and services in a given year, general trend is to reduce share of gdp. Gdp annual growth rate of 2. 5% until 2025. Employment rate increased sharply in the early part of the 1990s. > globalization floodgates for competitors leads to innovation. > the number of competitors and nature of competition dictate changes in organization strategy. Canada focuses on extraction and processing of natural resources , believed we have to develop entrepreneurial and technological aspect. > affects how an organization obtains resources and how it competes.