[ADMS 1000] - Midterm Exam Guide - Ultimate 67 pages long Study Guide!

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Indira Somwaru

Document Summary

Chapter 1: exploring canadian business a critical approach. Understanding environment of business is the only way to get a sense of where we are headed in terms of future economic prospects. Goal of this chapter: to shed light on environment of organizations and to consider implications for future of organizations. Has over 500 stores across country, revenue of nearly billion in 2012. But competition: home depot, walmart, target, etc. are invading retail sector (mostly american, at that) Many are puzzled that it has remained successful for even this long: maclean"s article notes: many other stores now exist in same cities as. Canadian tire across the country, they are more airy, similar inventory, etc: customer service varies widely as per company"s independent and bureaucratic dealer ownership style. Experts say ct success has to do with familiarity and convenience: doesn"t give all-encompassing picture, though, ct has learned to understand its environment and respond to changing business contexts.