ADM 1100 Lecture Notes - Lecture 1: Strategic Alliance, Outsourcing, Human Resources

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Patrick Woodcock

Document Summary

Good manager: critical thinking, creativity, vision, and leadership. Business: all profit-seeking activities and enterprises that provide goods and services for client. Profits: financial rewards for businesspeople (usually owners) that take the risks involved offering goods and services to customers. Not of profits goal is providing a public service to its clientele , not profits. Ethic, social responsibility, worker satisfaction i. e benefits society. Money or things that can be converted to money. People- their labour & their associated knowledge & skills. Entrepreneurship n the act of managing n creating products & survives n organizing a company n managing & motivating people n negotiating with others. Economic productivity is the value ratio of outputs to inputs ( economic productivity= $ outputs/ $ inputs) or ( economic productivity= products & services/ factors of production) Colonial period n agricultural & trading are the principle businesses n trading & transportation hubs n wealthy owned land and trading hubs n example: plantations, chicago trading comanpines.