Textbook Notes (368,122)
Canada (161,660)
York University (12,802)
ADMS 1000 (315)
Chapter 1

Chapter 1.docx

3 Pages
97 Views
Unlock Document

Department
Administrative Studies
Course
ADMS 1000
Professor
Eytan Lasry
Semester
Fall

Description
Chapter 1: A Context of Business: A Framework for Study Sept 5/12 Organization : a group of people working towards a common goal There are three broad categories: a) public/governmental- provides goods & services to the public w/out necessarily generating profit b) private/non-governmental- offers goods & services w/out necessarily generating profit c) private- produce goods & services w/ the intent of making profit to go towards their shareholders or owners Organizations are 1) social entities (composed of people) 2) created to achieve common goals 3) interact with the environment Organizations are seen as open systems: entities that are embedded in and dependent on exchanges with the environment they operate within. Organizations were once viewed as closed systems. This view only focused on the internal environment. Exhibit 1.2 * The External Context (Environment) of Business The environment of an organization has two dimensions: 1. Specific or Task Environment Consists of stakeholders who have a direct impact on an organization Ex. consumers, employees, competitors, suppliers, government, creditors, local public, distributors, and unions 2. General Environment Forces that surround and influence the specific environment. Includes: political, economic, societal, labour, competitive, global, and technological forces The Canadian Context Economic Forces in Canada  GDP is a good indicator of the health of the economy. Gross Domestic Product: the total value of a country’s output of goods & services in a given year Competitive Forces in Canada  Canada has mainly focused on the extraction and processing of natural resources  Canada is much more involved in this than other countries at the same level of economic development. This is criticized because other countries take these raw materials and add value to them.  Types of competition:  Perfect competition: many small firms compete with identical products, therefore they do not have any say about the prices  Monopolistic competition: large number of small firms with similar products. They have some influence over the price a bit. Ex retail  Oligopoly: small
More Less

Related notes for ADMS 1000

Log In


OR

Join OneClass

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

Sign up

Join to view


OR

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.


Submit