ADMS 2600 Midterm: MIDTERM REVIEW

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maroonelk473

2 Feb 2012

School

York University

Department

Administrative Studies

Course

ADMS 2600

Professor

Sean Alexander

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Document Summary

Hrm- manage human talents to achieve organization objectives (staffing, job design, train, reward, performance) core competencies: motivate valuable workers, rare (hire the best), difficult to imitate, organized. Competitive challenges: globalization- partnering w/firms in foreign country for international trade. Globalization affects hrm- consider different geographic, cultures, laws, business practices. Identifying capable managers/workers, developing foreign culture/training programs, adjusting compensation plans. Negative: globalization taken manufacturing jobs away to lower wage countries like china: technology- training through technology for decision-making/problem solving, working from home/cell phones. Hr information system (hris)- control & decision making (stores large quantities of data lower cost & increase: managing change. Steve jobs stepped in & saved apple from crisis) Total quality mgmt (tqm)- customer needs, doing things right & continuous improvements. Six sigma- customer needs to task performed w/one another (find mistake before it happens) Reengineering- rethink, redesign business processes to improve cost, quality, speed: cost affect hr policies- labour/healthcare cost (largest expenditure of company)

Related Questions

1. Define strategic competitiveness and above-average returns. What is the relationship between strategic competitiveness and returns on investment?

2. Explain why it is important for organizations to analyze and understand the external environment.

3. Describe the importance of internal analysis of the strategic success of the firm.

4. Define strategy and business-level strategy. What is the difference between these two concepts?

5. Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

6. Differentiate between corporate-level and business-level strategies and give examples of each.

crimsonfox14

What effect has globalization had on the ability of firms to specialize? How has this affected the competitive process?

	Globalization increases competition by allowing greater specialization and division of labor.
	Globalization does not impact the ability of firms to specialize and has no impact on the competitive process.
	Globalization decreases competition by creating monopolistic multinational corporations that operate outside of political control and legal oversight of any single nation state.
	Globalization increases competition by giving domestic producers access to foreign markets and foreign producers access to domestic markets, allowing firms to generalize production.

azurebear714

What are your thoughts/concerns about the process of globalization?

Identify the positive aspects of globalization.

Give an example from your own community or the state.

Identify the negative aspects. Give examples from your personal life, job, community, or the state.

Recommend ways in which your company, or one well known to you, will need to change to meet the challenges of globalization in order to stay competitive in the years ahead.

ADMS 2600 Midterm: MIDTERM REVIEW

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