GMS 200 Lecture Notes - Lecture 1: Organizational Effectiveness, Intellectual Capital, Consumer Protection

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Lori Anne Heckbert

Document Summary

Smart people commit energy and intellect to continuous learning and personal development. Offer inspirational leadership, reward and respect people. High-performing companies gain extraordinary results from people. Intellectual capital: collective brainpower or shared knowledge of a workforce that can be used to create value. A knowledge worker"s mind is a critical asset to employers. Diverse and multicultural workforce challenges and offers opportunities to employers. Worldwide independence of resource flows, product markets, and business competition that characterize the new economy. Increasing demand for knowledge workers with the skills to fully use technology. Code of moral principles that set standards of conduct (right and wrong) A collection of people working together to achieve a common purpose. Provide useful goods and/or services that return value to society and customer needs. Composed of interrelated parts that function together to achieve a common purpose. Transform resource inputs into product outputs (goods and services) Tells org. how well needs of society and consumers are met.