GMS 200 Lecture Notes - Lecture 2: Core Competency, Competitive Advantage, Zappos

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

Document Summary

This then makes people happy and that will then lead to better productivity. Challenges of working in the new economy: talent. The more information you know then the more valuable you will become which leads to more money. More knowledge is needed in this new economy whereas before it was more about physical skills like for labour jobs in factories/farms. Know jobs are more knowledge based, therefore the more knowledge you have the better job you can get and you become more valuable to company. Eg before brick layers were so important, but that has changed. Gender, age, race, ethnicity, religion, sexual orientation. People now have to understand different people and know how to work with them. Understanding someone"s culture or even religion is important now to understand because you don"t want to disrespect who they are. Globalization: the worldwide interdependence of resource flows, product markets, and business competition. Challenges working in the new economy: technology.