GMS 200 Lecture Notes - Lecture 1: Millennials, Foxconn

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

Document Summary

Setting performance objectives and deciding how to achieve them. Arranging tasks, people, and other resources to accomplish the work. Inspiring people to work hard to achieve high performance. Measuring performance and taking action to ensure desired results. 3d printing is changing the way we manufacturer. Cut on workers, replace factory workers with one machine. One machine can make every part (don"t need parts from separate retailers) Key global trends in business: greater use of social media to: Develop greater awareness of company in the marketplace. Identify and attract new customers: becoming more difficult value and customer satisfaction. Production of key components (toshiba, japan; infineon, germany; samsung, korea) Robots are being used as receptionist and nursing aids (japan: competition in the global marketplace is becoming more intense. Difficult to gain an maintain market share: businesses have to contend with environmental uncertainty.