GMS 200 Study Guide - Final Guide: Eustress, Belongingness, Dont

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Ramsoomair

Document Summary

4 challenges of working in the new economy we deal with on a regular basis: diversity. Doing business in diferent parts of the world: compeiive advantage. Something you do beter than anyone else: environmental uncertainty. Ethics: code of moral principles that set standards of conduct of what is good and right. Business need to integrate ethics into their aciviies. Composed of interrelated parts that funcion together to achieve a common purpose. Transform resource inputs into product outputs (goods and services) They exhibit leadership, inspiraion, moivaion, teamwork, innovaion and vision in order to be successful. Responsible for work aciviies that directly afect organizaions outputs: staf managers: use technical experise to advise and support the eforts of line workers. Deal with human resources: funcional managers: responsible for a single area of acivity. Funcions of management: planning: seing performance objecives and deciding how to achieve them, controlling: measuring performance and taking acion, organizing: arranging tasks, people and other resources.