GMS 200 Chapter 1: Introduction to Management

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

Document Summary

National boundaries of world business have largely disappeared. Workforce diversity (gender, age, race, ethnicity, religion, sexual orientation) offers challenges and opportunities to employers. Intellectual capital is the collective brainpower of a workforce that can be used to create value. People must make sure that their skills are portable and current. Code of moral principles of conduct about what is good and right. Organizations company is an entity that uses different inputs and transforms inputs and materials to having output such as goods. Organizations are people working together to achieve a common purpose. University (profs to knowledge to students) iphone is made in different (cid:272)ou(cid:374)tries so it has (cid:374)o (cid:862)(cid:373)ade i(cid:374)(cid:863) value creation is (cid:449)he(cid:374) a(cid:374) orga(cid:374)izatio(cid:374)"s operatio(cid:374)s add (cid:448)alue to the origi(cid:374)al (cid:272)ost of resour(cid:272)e i(cid:374)puts. Being effective is achieving the company goals or sale goals. Being efficient is making good use of resources.