GMS 200 Chapter Notes - Chapter 1: Competitive Advantage, Intellectual Capital, Dynamite Entertainment

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Organization are fast changing, as is the nature of work itself. The economy is global, driven by innovation and technology. Expectation for organizations and their members are very high. Organizations are expected to continuously excel on performance criteria that include concerns for ethics and social responsibilities, innovativeness, and employee development, as well as more traditional measures of profitability and investment value. When they fail, customers, investors, and employees are quick to let them know. For individual, there are no guarantees of long term employment. Jobs are increasingly earned and re-earned every day through one"s performance accomplishments. Career are being redefined in terms of flexibility, free agency, skill portfolios, and entrepreneurship. Career success takes lots of initiative and discipline, as well as continuous learning. People and their talents which can be what they know, what they learn, and what they do with it are the ultimate foundations of organizational performance.