ADMS 1000 Chapter Notes - Chapter 1: Visible Minority, Equal Pay For Equal Work, Consumerism

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

Document Summary

The contexts of business: a framework for study. 3 broad categories: public/governmental without a profit (e. g. Hospital: private/non governmental without a profit (e. g. Unicef: private with the intent of making profit (apple) Open system organizations are entities that are embedded in, and dependent on exchanges with the environment they interact with. Also viewed as social systems, with people constituting the basic elements. Transformation to goods or services generated by the organization (e. g. the manufacturing process) Two dimensions: the specific or task environment or general environment. Any organization has stakeholders who are parties/groups that have direct influence on the ability to obtain resources and general outputs (includes customers, suppliers, creditors, etc. ) Sphere surrounding the organizations specific environment is the general environment. Factors are: political, economic, competitive, technological, global and political. Changes the nature of the employer-employee relationship. Globalization created bigger markets for business, also created higher levels of competition. Key role in how an organization functions, obtains resources and competes.