Textbook Notes (369,072)
Canada (162,367)
Business (2,391)
BU398 (137)

BU398. Lecture 1.docx

5 Pages

Course Code
Leanne Hagarty

This preview shows pages 1 and half of page 2. Sign up to view the full 5 pages of the document.
LECTURE 1 ORGANIZATIONS AND ORGANIZATIONAL THEORY Chapter OneCurrent Challenges 1 Globalization to contact out some functions to organizations in other countries or to partner with foreign organizations to gain global advantage 2 Ethics and Social Responsibility with the involvement of executives and major corporate involved financial and ethical scandals continues to grow 3 Speed of Responsiveness respond quickly and decisively to environmental changes organizational crises or shifting customers expectations 4 The Digital Workplace trend towards disintermediationeliminating the middle person also managing a web of relationships that reaches beyond the boundaries of the physical organization building flexible elink5 Diversity challenges of maintaining strong organization culture while supporting diversity balancing work and family concerns and coping with the conflict brought about by varying culture styles Organizational Definition 1 Social entities that are 2 goal directed 3 designed as deliberately structured and coordinated activity systems and 4 linked to the external environment Not just building or a set of policies and procedures organizations comprise people and their relationships with one another to perform essential functions that help attain goalsan organization exist when people interact with one another to perform essential functions that help attain goalsTypes of Organization nonprofit vs profit managing their efforts and activities to earn money vs towards social impact major problem to securing a steady stream of fundsmust focus on keeping organizational costs low and highmeasurement of intangible goalsOrganizations exist to do the following 1 Bring together resources to achieve desired goals and outcomes 2 Produce goods and services efficiently 3 Facilitate innovation4 Use modern manufacturing and information technologies 5 Adapt to and influence a changing environment 6 Create value for owners customers and employees7 Accommodate ongoing challenges of diversity ethics and the motivation and coordination of employeesInnovative ways to produce and distribute desirable goods and services more efficiently ebusiness and the use of computerbased manufacturing technologies Perspectives on OrganizationClosed Systems not depend on its environment it would be autonomous enclosed and sealed off from the outside world
More Less
Unlock Document

Only pages 1 and half of page 2 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.