GMS 200 Lecture Notes - Lecture 1: Critical Thinking, Work Unit, Intellectual Capital

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Glo-bus: an online, pc based exercise where you run a digital camera company in head-to-head competition against companies run by other class members. Intro to business & the dynamic new workplace. Overview of the 21st century workplace: organizations must adapt to rapidly changing society, economy is global and driven by innovation and technology, high performing companies gain extraordinary results from people working for them. Intellectual capital: people are the ultimate foundation of organizational performance. Intellectual capital is the collective brain power or shared knowledge of a workforce: used to create value, a knowledge worker adds to the intellectual capital of an organization. Globalization: national boundaries of world businesses have largely disappeared, globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Technology: continuing transformation of the modern workplace through, the internet, worldwide web, computers. Increasing demand for knowledge workers with the skills to fully utilize technology.