GMS 200 Midterm: GMS 200

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

Document Summary

Workforce diversity reflects differences with respect to gender age race ethnicity religion sexual orientation and ablebodiedness. A diverse and multicultural workforce both challenges and offers opportunities to employers. Many call diversity a business imperative and view it as an asset. How diversity bias can occur in the workplace. Glass ceiling effect: invisible barrier limiting career advancement of women and minorities. 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. Organizations: composed of different interrelated departments to work together to output products and resources. An organized body of people with a particular purpose, especially a business, society, association, etc. A core competency that clearly sets an organization apart from competitors and give an advantage over them in the marketplace. Companies may achieve competitive advantage in many ways including: