ADMS 1000 Study Guide - Final Guide: Independent Contractor, Videotelephony, Cing

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Natalie Guriel

Document Summary

Chapter 1 introduction: exploring canadian busness o. Identify and explain the six (6) external forces. Political forces: laws and regulations affect how a business operates. If you are a restaurant, you likely have to comply with health and safety regulations. Societal forces: society today comprises of much more than just customers. The public, the media, bloggers and others all have a voice and opinion on what they think about a certain company, its products and services, and how it operates. Certainly, if a company is providing poor quality goods or services, people can complain about it on the internet, damaging a company"s reputation. 4: competitive forces: competition can drive your strategy, affect your pricing and determine where and how you compete. Organizations must consider how competitive is their industry; who are their competitors, and what type of competition they are operating in: global forces: clearly, trade agreements can be a global (political) force.