ADMS 1000 Chapter Notes - Chapter 1: Videotelephony, Canadian Business

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copperbuffalo864

17 Nov 2014

School

York University

Department

Administrative Studies

Course

ADMS 1000

Professor

Shahab Modirmassihai

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ADMS 1000 Full Course Notes

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Document Summary

The specific environment of business is surrounded by its external stakeholders. These are parties or groups that have direct influence on the organization"s ability to obtain resources and generate outputs. Six forces: political forces, country stability, laws and regulations, taxes, trade relationships, environmental fees, business incentives, crown corporations, deregulation/privatization, economic: what is the state of the economy, recession or growth b. Adms 1000 chapter 1: how competitive is your industry, who are your competitors, what type of competition does your industry operate in, global: includes all other five forces but in an international context, political, economics, technological, societal, competitive. One definition by former prime minister of norway: development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability has become an important consideration for business. Social equity = meet needs of people.

Related Questions

1. Define strategic competitiveness and above-average returns. What is the relationship between strategic competitiveness and returns on investment?

2. Explain why it is important for organizations to analyze and understand the external environment.

3. Describe the importance of internal analysis of the strategic success of the firm.

4. Define strategy and business-level strategy. What is the difference between these two concepts?

5. Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

6. Differentiate between corporate-level and business-level strategies and give examples of each.

crimsonfox14

Wanda has never thought of herself as running a âbusiness,â although it certainly seems to have turned out that way. Originally she really just wanted to give her friends and family an alternative to cheap, low-nutrition dog treats. When you explain to Wanda how she really has created a business with stakeholders and all of the internal workings and structure of a business, she just stares at you with a blank look. So, you tell her to just hang on and you will explain this in more detail.

1.Explain the forces in the external environment that impact Wanda's business
2. Explain the internal functional areas of Wanda's business, as well as their purpose
3. Discuss the internal and external stakeholders in Wandaâs business

When you are writing these descriptions, be certain to explain in detail how each of these elements relates to the business and to each other so Wanda can get a better understanding of her business and the people (stakeholders) it impacts.

Which of the following statements is true about business intelligence?

1) It is the use of information systems to gather and analyze information from internal and external sources in order to make better business decisions.

2) It is the use of human resources to gather and analyze information from external sources in order to make better business decisions.

3) It is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.

4) It is an act of outsourcing tasks, traditionally performed by an employee or contractor, to an undefined, large group of people or community, through the use of information technology.

5) It is the process by which a customer-owned mutual organization or cooperative changes legal form to a joint-stock company.