GMS 200 Chapter Notes - Chapter 1: Intellectual Capital, Competitive Advantage, Sustainable Development

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

Document Summary

The dynamics of ever-present change extend into the workplace and raise a host of new career challenges. Smart people commit their energies and intellect to continuous learning and personal development. Companies with a future are committed to people. Companies with a future offer inspirational leadership, reward and respect people, and provide supportive work environments. High performing companies gain extraordinary results from people. Talent: people and their talents are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workforce that can be used to create value: a knowledge worker"s mind is a critical asset to employers and adds to the intellectual capital of an organization. Globalization: national boundaries of world business have largely disappeared, globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Technology: continuing transformation of the modern workplace through: Increasing demand for knowledge workers with the skills to fully use technology.