GMS 200 Chapter 1 Latest Update Already Passed

GMS 200 Chapter 1 Latest Update Already Passed Globalization National Boundaries of world business have largely disappeared 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 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 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 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 Stakeholders Customer, Suppliers, Competitors, Regulators, Investors, Owners Organizational Environment: Competitive Advantage A core competency that clearly sets an organizational apart from competitors