GMS 200 Lecture Notes - Lecture 1: Competitive Advantage

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

Understand the concepts and complexities of the contemporary global business environment. Understand the main functional areas of management. National boundaries of world business have largely disappeared. Examples: gender, age race, ethnicity, religion offers challenges & opportunities. Companies would rather have talented people over more money because talented people are better for the long run of the company. Intellectual capital=collective brainpower used to create value for the company. People must make sure that their skills are portable and current. Somebody not trained in microsoft office programs will have a less of a chance to get a jo(cid:271) i(cid:374) today"s e(cid:272)o(cid:374)o(cid:373)y tha(cid:374) so(cid:373)e(cid:271)ody who does. Code of moral principles of conduct about what is good and right. Missing today in many companies money > people (not ethically moral) People working together to achieve a common purpose. The specific environment: actual organizations, groups, and persons with whom an organization interacts and conducts business.