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GMS 200 Chapter Notes - Chapter 1: Intellectual Capital

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olivemuskrat381
14 Mar 2012
School
Ryerson University
Department
Global Management Studies
Course
GMS 200
Professor
Jian Guan

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GMS 200 Full Course Notes
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GMS 200 Full Course Notes
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Document Summary

Intellectual capital: shared brainpower of a work force. Workforce diversity: composition of a workforce in the difference among members. Valuing diversity = everyone performs to full potential. Glass ceiling effect: invisible barrier limiting career advancements. Organization: people with common purposes (providing goods and services) Open systems: interact with their environment in continuation process of turning resource inputs into product outputs. Value chain: operations add value to original resource inputs then: business earns profit, organizations add wealth to society. Performance effectiveness: output measure of task or goal accomplishment. Performance efficiency: measure resource costs with goal accomplishment. Top managers: responsible for organization as a whole. Focus on external environment, threats and opportunities (future oriented)

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Related Questions

15. What do we call the responsibility of identifying the numbers and types of employees the organization will require to meet its objectives? a) Human capital allocation b) Workforce planning c) High-performance planning d) Performance management e) None of the above

, and 1. When an organization has the right combination of that makes full use of its resources and opportunities in achieving its goals it is said to function as a high-performance work system a) capital, cashflow, managers b) customers, cash, confidence c) recruiting, retention, union relations d) people, technology, structure e) none of the choices are correct

16) Which of the following best defines the term business cycle? a) the pattern of short-term ups and downs in an economy the total quantity of goods and services produced by an economic system during a given period the conditions of the economic system in which an organization operates the measure of economic growth that compares how much a system produces with the resources needed to produce it d)