[ADMS 1000] - Final Exam Guide - Everything you need to know! (42 pages long)

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: John Paschakis

Document Summary

Chapter 1 exploring canadian business: a critical approach. Labor: involves the people that the company hires and work towards the company"s goals and objectives. Leadership: involves the management of the organization that leads and motivates the group. Specific environment: the specific environment of business is surrounded by its external stakeholders. These are parties or groups that have direct influence on the organization"s ability to obtain resources and generate outputs. Goals of a sustainable business: economic = make a profit, social equity = meet needs of people, environment = protect environment. In order for companies to be sustainable or to adapt to changing circumstances in their environment, businesses must be open to change. An employee" exists when: employment contract exists, exchange of labor for compensation, employer has control. Partners in a business earn revenue, not wage. Temporary workers workers for short periods of time. Not entitled to as many social protections.