ADMS 1000 Study Guide - Final Guide: Videotelephony, Canadian Business, North American Free Trade Agreement

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Peter Modir

Document Summary

Labor: one of the five factors of production. All workers who contribute talents and strengths to create goods and services. Leadership: how people are managed within an organization. Structure: planned network or pattern of relationships that exist among individuals within an organization. Includes division of labor, span of control, level of formalization, and how centralized decision making is. Strategy: the decisions made by business managers about how the company will address (pestc) forces. Specific or task environment: a particular organization operates, which is ultimately shaped by the general environment. External stakeholders: individuals or groups that bear some risk (financial, physical or other) as a result of a corporations actions. General environment: shared by all organizations in a society(6 forces) Includes all the other five forces but in an international context: (pestc)political,economics,technological,societal,competitive. Globalization: process involving the integration of national economies and the worldwide convergence of consumer preference. Sustainability: no universal definition, however it has been defined as.