GMS 200 Study Guide - Final Guide: Mary Parker Follett, Hawthorne Effect, Scientific Management

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

Document Summary

Behavioural management: division of labour focuses on one sector that a person is good at, discipline without rules and guideline, nothing will be done, unity of command there should only be one boss to report to, remuneration salary, centralization central office that makes decisions (1 2 people approve decision, equity to be treated fairly/ equally. Global sourcing: global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Licensing agreement: license means to give permission. Franchising: is the practice of using another firm"s successful business model. Foreign direct investment- is a direct investment into production or business in a country by an individual or company of another country, either by: Buying a company in the target country or. By expanding operation of an existing business in that country. Insourcing: having people within the company do jobs that would normally be done by contractors.