GMS 200 Chapter 1: Schermerhorn Textbook-Chapter 1
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GMS 200 Full Course Notes
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Talent: people and their talents what they know, what they learn, and what they do with it. Are the ultimate foundations of organizational performance: intellectual capital: the collective brainpower or shared knowledge of a workforce than can be used to create value (intellectual capital = competency x. Wednesday, january 21, 2015: globalization: the worldwide interdependence of resource ows, product markets, and business competition that characterizes our new economy. It is a process in which improvements of technology combine with the deregulation of markets to bring out ows of people, goods, services and money. Technology: the forces of globalization ride on the foundation of the internet and the growth of communication technologies. Bar codes, automatic tellers, email, blogs, text messaging, online media and social networks are some of the technologies driving the world: continually tests our talents. Ethics: ethics: a code of moral principles that sets standards of what is good and right as opposed to bad and wrong.