[BUSI 610] - Midterm Exam Guide - Ultimate 14 pages long Study Guide!
Document Summary
Challenges faced by managers and organizations (5: globalization, global outsourcing, strategic partnering. Intense competition: rigorous scrutiny of ethical and green practices, need for rapid response. Sustainability: economic development that generates wealth and meets the needs of the current generation while saving the environment so future generations can meet their needs as well. Social business: using social media technologies for interacting with and facilitating communication and collaboration among employees, customers, and other stakeholders. Social media programs: company"s online social media pages. Big data analytics: technologies, skills, and processes for searching and examining massive sets of data to uncover hidden patterns and correlations. Organizations: social entities that are goal directed, designed as deliberately structured and coordinated activity systems, and are linked to the external environment. Open system: obtains inputs from the external environment, adds value through a transformation process, and discharges products and services back to the environment. Amount of written documentation in the organization: specialization.
