ADMS 1000 Chapter Notes - Chapter 1: Gross Domestic Product

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Shahab Modirmassihai

Document Summary

The internal context of business labor, leadership, structure, strategy. Leadership how people are managed within an organization. Strategy the decisions made by business managers about how the company will address political, economic, global, societal, competitive, and technological forces. Change a shift in how an organization operates. Labour one of the five factors of production. Includes all workers in an organization who contribute their talents and strengths to create goods and services. Structure a deliberately planned network or pattern of relationships that exits among individuals within an organization. It determines such things as division of labour, span of control, level of formalization, and how centralized decision making is. External context of business specific environment, general environment. Specific or task environment the environment within which a organization operates, which is ultimately shaped by the general environment and includes stakeholders, customers, competitors, suppliers, and so on.