GMS 200 Lecture 1: GMS 200 chapter/LECTURE 1 notes

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

1. 4 define managers and describe the management process. National boundaries of world business have largely disappeared: technology. Increasing demand for workers with technological skills: workforce diversity (gender, age, race, ethnicity, religion, sexual orientation) offers challenges and opportunities to employers, talent. Intellectual capital is the collective brainpower of a workforce that can be used to create value: careers. People must make sure that their skills are portable and current: ethics. Code of moral principles of conduct about what is good and right. Ex: in bangladesh, they don"t treat the workers right, they are not respected whereas in canada they have to be in a proper, safe workplace. People working together to achieve a common purpose. Value creation is when an organization"s operations add value to the original cost of resource inputs. ( http://betanews. com/2014/09/23/the-global-supply-chain-behind-the- iphone-6/ ) where to assemble it, etc (everything is found at the lowest cost)