GMS 200 Chapter : GMS Notes.docx
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GMS 200 Full Course Notes
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Organizations must adapt to rapidly changing society. Economy is global and driven by innovation and technology. High performing companies gain extraordinary results from people working for them. People and their talents are the ultimate foundations of organizational performance. People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workplace that can be used to create value. Knowledge worker: someone"s whose mind is a critical asset to employers. A knowledge worker adds to the intellectual capital of an organization. Globalization: national boundaries are the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Japanese management consultant kenichi ohmae suggests that the national boundaries of world business have largely disappeared. Technology: continuing transformation of the modern workplace through: the internet world wide web: computers, information technology. Increasing demand for knowledge workers with the skills to fully utilize technology.