ADMS 1000 Study Guide - Midterm Guide: Videotelephony, North American Free Trade Agreement, Gross Domestic Product

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Shahab Modirmassihai

Document Summary

Labour: one of the five factors of production. Includes all workers in an organization who contribute their talents and strengths to create goods and services. Leadership: how people are managed within an organization. Structure: a deliberately planned network or pattern of relationships that exists among individuals within an organization. It determines such things as division of labour, 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 political, economic, global, societal, competitive, and technological forces. Specific environment: the environment within which a particular organization operates, which is ultimately by the general environment and includes stakeholders, customers, competitors, suppliers, and so on. Any organization is surrounded by external stakeholders: External stakeholders: individuals or groups who bear some kind of risk, whether financial, physical, or other, as a result of a corporation"s actions. They include such parties as suppliers, the government, and society in general.