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GMS 200 (566)
Chapter 1

Chapter 1 notes

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Global Management Studies
GMS 200
Shavin Malhotra

Chapter 1 Introducing Management Working Today Organizations are expected to always execl on performance citeria y Ethicsy social responsibilitiesy innovativenessy Employee development y Profitabilityy Investment valueWhen they fail customers investors and employees are quick to let them knowThere is no guarantee of long term employmentTalent our greatest assets as a corporation are the gifts talents and abilities of our employeeowners when we as a corporation invest in developing people we are investing in our future Herman MillerWe talk about the difference between being successful and being exceptional Being successful is meeting goals in a good way being exceptional is reaching your potentialPeople and their talentswhat they know what they learn and what they do with it This is foundation of a organizational performance These people represent INTELLECTUAL CAPTIAL The brainpower or shared knowledge of a workforce that can be used to create valueIntellectual Capital The brainpower or shared knowledge of a workforceIntellectual capital Competencybeing qualified X Commitment You have to strivefor the heighter of personal competency and accomplishment Which mean willing to continuously learn from experience and it means becoming a valued Knowledge WorkerKnowledge worker Someone whose mind is a critical asset to employers and add to the intellectual capital of the organization Knowledge workers have many options and should be treated as volunteers Theyre interested in personal achievement and personal responsibility They expect continuous learning and training Peter Drucker
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