MGM101H5 Chapter Notes - Chapter 3: Capital Asset, American City Business Journals
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
System of integrated acions to ensure organizaion develops and grows market for its goods/services and creates value (wealth) on behalf of stakeholders. Commercial endeavours; refers to markets the organizaion serves, products and services it ofers, needs it professes to meet in the marketplace. Employee interacion; refers to value-creaing skills an organizaion"s employees brings to marketplace (success of organizaion lies within labour force) Organizaion eiciency and structure; relecion of complexiies of business aciviies that circulate within organizaion. These three when combined, result in understanding of business system, result in business. Business; refers to mission-focused aciviies aimed at idenifying needs of market, and development of soluion to such needs through acquisiion, transformaion of resources, to be delivered to market for proit. Assets; refers to infrastructure and resource base of organizaion: includes; land, buildings, bricks and mortar, equipment. Labour; refers to human resource requirements of business.
