GMS 200 Lecture 1: GMS 200 Lecture 1 pdf

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Setting performance objectives and deciding how to achieve them. Measuring performance and taking action to ensure desired results. Arranging tasks, people and resources to accomplish the work. Inspiring people to work hard to achieve high performance. Develop greater awareness of company in the marketplace. Becoming more difficult to define value and customer satisfaction. Production of key components (toshiba, japan, infineon, germany, samsung, korea) Finished equipment is reexported to the apple, us. Increase in the use of artificial intelligence, machine learning, quantum computing, robotics. Robots are being used as receptionists and nursing aids (japan) Competition in the global marketplace is becoming more intense. Difficult to gain and maintain market share. Business executives have to revisit their business model regularly. Know their customers very well and anticipate their demands. Focus on the things they do best. Focus on flexibility and speed: information technology (it) is definitely important, but not enough. Talented workers are needed to drive innovation and support change.