GMS 200 Study Guide - Midterm Guide: Femininity, Human Capital, Stakeholder Analysis

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Emad Samwel

Document Summary

Involves managing operations in more than one country: define globalized economy. Resources, markets, and competition are worldwide in scope: in a competitive global business landscape, the increasing demand for talented, knowledge workers is primarily due to the increasing use of low-cost production. (false). Economic conditions: influence customer spending, resource supplies, and investment capital. Legal-political conditions: laws and regulations, government policies, and philosophies of political parties. Technological conditions: rapid changing technology and implications that it has on work environment. Socio-cultural conditions: norms, customs, social values and beliefs on matters such as ethics, human rights, lifestyles. Natural e(cid:374)(cid:448)iro(cid:374)(cid:373)e(cid:374)t co(cid:374)ditio(cid:374)s: (cid:862)gree(cid:374)(cid:863) perspe(cid:272)ti(cid:448)es, (cid:272)o(cid:374)(cid:272)er(cid:374)ed (cid:449)ith glo(cid:271)al (cid:449)ar(cid:373)i(cid:374)g a(cid:374)d being eco friends: describe a learning organization. Planning: process of setting objectives, and ways of accomplishing them. Organizing: arranging tasks, people, and resources to accomplish work. Lecture 2: chapter 13: difference between classical decision model and behavioural decision model. Results in a satisficing decision: review the five-step decision making process.