GMS 200 Chapter 1 Questions and Answers with complete solution
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Course
GMS 200
Institution
GMS 200
What is an Organization? - ️️People Working Together to achieve a common goal
*Review Diagram PPT*
Value Creation - ️️Is when an organization's operations add value to the original
costs of resource inputs
Technology - ️️Increasing demand of workers with technology skills
Workforce...
GMS 200 Chapter 1
What is an Organization? - ✔️✔️People Working Together to achieve a common goal
*Review Diagram PPT*
Value Creation - ✔️✔️Is when an organization's operations add value to the original
costs of resource inputs
Technology - ✔️✔️Increasing demand of workers with technology skills
Workforce Diversity - ✔️✔️(Gender, race, ethnicity, religion, sexual orientation) offers
challenges and opportunities to employees
Talent - ✔️✔️Intellectual capital is the collective brainpower of a workforce that can be
used to create value
Globalization - ✔️✔️National Boundaries of world business have largely disappeared
Careers - ✔️✔️People must make sure that their skills are portable and current
Ethics - ✔️✔️Code of moral principles of conduct about what is good and right
Productivity and the dimensions of organizational performance - ✔️✔️*Review
Diagrams PPT*
Organizational Environment - ✔️✔️Actual organizations, groups, and persons with
whom an organization interacts and conducts business
Economic Enviornment - ✔️✔️Economic Growth, unemployment rate, disposable
income
Legal-Political Environment - ✔️✔️laws and regulations, business forms, political
trends
Natural Environment - ✔️✔️"Green", recycling,
Socio-Cultural Enviornment - ✔️✔️Population demographics, education systems,
health values
Technological Environment - ✔️✔️IT infrastructure, internet access
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