GMS 200 Lecture Notes - Lecture 1: World Wide Web, Brainpower, Work Unit

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Organizations must adapt to rapidly changing society/landscape. Economy is global and driven by innovation and technology. High performing companies gain extraordinary results from people working for them. People are the ultimate foundations of organizational performance. Intellectual capital is the collective brainpower or shared knowledge of a workforce that can be used to create value. A knowledgable worker adds to the intellectual capital of an organization. National boundaries of the business world have largely disappeared. Globalization is the worldwide interdependence or resource ows, product markets, and business competition that characterize the new economy. Continuing transformation of the modern workplace through: the internet, worldwide web, computers, information technology. Increasing demand for knowledgable workers with the skills to fully utilize technology. Workforce diversity re ects differences with respect to defer, age, race, ethnicity, religion, sexual orientation, and able-bodiedness. A diverse and multicultural workforce both challenges and offers opportunities to employers. Society requires businesses to operate according to high moral standards.