ADMS 1000- Final Exam Guide - Comprehensive Notes for the exam ( 48 pages long!)

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

Document Summary

Chapter 1: exploring canadian business a critical approach: The employment relationship: responsibilities toward labour (1: labour: one of the five factors of production. Developing a suitable organizational structure (3: structure: a deliberately planned network or pattern of relationships that exists among individuals within an organization. The external context of business: refer external context of organizations as its environment, environment is defined along two dimensions, specific or task environment, general environment. If sales go down significantly, businesses may need to reduce production, cut costs, or lay off workers: competitive forces: the domestic and foreign competitor influences on organizational decisions. Competitors are organizations operating in the same industry and selling similar products and services. However, competitors may compete in different ways: to compete effectively, organizations must continually create new and better methods of serving customers. Lecture notes: technological forces: the technological environment that exerts influence across industries, playing a central role in how an organization functions, obtains resources, and competes.