GMS 200 Final Exam Latest Update with Verified Solutions

GMS 200 Final Exam Latest Update with Verified Solutions Intellectual Capital The shared knowledge of a workforce Globalization The tedency of businesses and technologies to spread throughout the world Shamrock 3 Leaves The 3 leaves of almost each and every organization are full time workers, contract workers and aprs-time workers Portfolio Worker Someone who has up-to-date skills so they can move from job to job Productivity The quantity and quality go work performance Performance Effectiveness The output measure of goal accomplishment Performance Efficiency An input measure of resource cost associated with goal accomplishment Sustainable Innovation When a business creates new products and production methods that have reduced environmental impacts Specific Environment Also called task environment, consists of the actual organizations, committees, groups and persons with whom a business interacts with and conducts business with Value Creation The creation for value for satisfying needs for stakeholders Strategic Positioning Helping an organization do same things as other business but in different ways Environmental Uncertainty A lack of information for the external environment of a business or an organization Manager A person who supports, activates and is responsible for the work of others Top Manager Guide the performance of the organization as a whole Middle Manager These are the managers who report to the top managers who are in charge of large divisions Line Manager Directly contribute to producing the organizations goods or services Staff Manager Use special technical expertise to advise and support line workers Functional Managers Are responsible for one area General Managers Are responsible for complex, multifunctional units Admins A manager in a public organization