ADMS 1000- Final Exam Guide - Comprehensive Notes for the exam ( 38 pages long!)

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Paulette Burgher

Document Summary

Style of management, structure, strategic, structure and status: corporations, entrepreneurial organizations and non-profit managerial challenges. The seven factor challenge: economic, technological, global, political, labor, societal responsibility and sustainability factors: economic factor. Economic boom: increase in profits, good economic times. Economic slump: decrease in profits, bad economic times. They start to cut off some expenses, less employees, and so on. We deter(cid:373)i(cid:374)e if a (cid:272)ou(cid:374)tr(cid:455)"s e(cid:272)o(cid:374)o(cid:373)(cid:455) is good (cid:271)(cid:455) their gdp. Compounded growth is when you combine all the growth together whether it"s (cid:374)egati(cid:448)e or positi(cid:448)e a(cid:374)d the(cid:374) gi(cid:448)e(cid:374) a(cid:374) a(cid:448)erage (cid:374)u(cid:373)(cid:271)er. This (cid:373)ea(cid:374)s that ca(cid:374)ada"s e(cid:272)o(cid:374)o(cid:373)(cid:455) is healthy and growing. When you have competition that means you get more choices. It also gives you sometimes better price, better quality and so on. But when there is a lot of competition, there would be a problem in employment because companies are producing in countries like china and so on.