GMS 200 Lecture Notes - Lecture 1: Human Capital, Intellectual Capital, Knowledge Worker

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

Document Summary

People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workforce that can be used to create value. A knowledge worker adds to the intellectual capital of an organization. National boundaries of world business have largely disappeared. Globalization is the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. Continuing transformation of the modern workplace through: internet, worldwide web, Increasing demand for knowledge workers with the skills to fully utilize technology. Workforce diversity reflects differences with respect to gender, age race, ethnicity, religion, sexual orientation and able-bodiedness. A diverse and multicultural workforce both challenges and offers opportunities to employers. Society require businesses operate according to high moral standards. Emphasis today on restoring the strength of corporate governance. Career of 21st century won"t be uniformly full time and limited to a single large employer. Critical skills for success in the new workplace.