ADMS 1000 Lecture Notes - Lecture 1: Overconsumption, Business Process, Td Canada Trust

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ADMS 1000 Full Course Notes
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ADMS 1000 Full Course Notes
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Change: a shift in how an organization operates. Leadership: how people are managed within an organization. Strategy: the decisions made by business managers about how the company will address political, economic, global, societal, competitive, and technological forces. Labour: one of the five factors of production. Includes all workers in an organization who contribute their talents and strengths to create goods and services. Structure: a deliberately planned network or pattern of relationships that exists among individuals within an organization. It determines such things as division of labour, span of control, level of formalization, and how centralized decision making is. Specific or task environment: the environment within which a particular organization operates, which is ultimately shaped by the general environment and includes stakeholders, customers, competitors, suppliers, and so on. General environment: the environment shared by all organizations in a society, such as the economic and political environments, and technological, societal competitive and global forces.

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