Global Management Notes
Chapter 1
Technology
-Increasing demand for knowledge workers with the skills to fully use technology
-Wal-Mart: global leader of information technology innovation
In 1983 Wal-Mart began to use bar codes and in 2005 they started using radio frequency identification tags because it was more efficient since they don’t have to scan physically
Wal-Mart can reduce costs and can benefit and grow as a company because of technology * Ethical expectations for modern businesses * Wal-Mart’s Mexico Bribery Scandal
Study question 1: What are the challenges of working in the new economy? * Careers
-Core workers, contract workers, and part- time workers
* a lot of jobs offer flexibility, for instance for some companies they let you work at home, or Google gives their employees a lot of freedom they let you dress however you like, give you your own room, massages, cafeterias etc
Organizations as open systems
An open system interacts with the external environment in a continual process of transforming resource inputs into product outputs in the form of finished goods and/or services.
The environment supplies The organization creates The environment consumes
Resource inputs Work Product outputs
People activities turn resources into outputs Finished goods and/or services
Money transformation process
Materials
Technology
Information
Customer and client feedback
Study Question 2: What are organizations like in the new workplace? * Organizational performance
-Performance effectiveness
- Output
-Performance efficiency -Input
*How do companies measure productivity, by keeping track of output and input
Productivity and dimensions of organization performance Effective but not efficient -Goals achieved-Resources wasted | Effective and efficient-Goals achieved -no wasted resourcesHigh productivity | Neirther effective nore effiecent-Goals not achieved -Resources wasted | Efficient but not effective -no
Technology
-Increasing demand for knowledge workers with the skills to fully use technology
-Wal-Mart: global leader of information technology innovation
In 1983 Wal-Mart began to use bar codes and in 2005 they started using radio frequency identification tags because it was more efficient since they don’t have to scan physically
Wal-Mart can reduce costs and can benefit and grow as a company because of technology * Ethical expectations for modern businesses * Wal-Mart’s Mexico Bribery Scandal
Study question 1: What are the challenges of working in the new economy? * Careers
-Core workers, contract workers, and part- time workers
* a lot of jobs offer flexibility, for instance for some companies they let you work at home, or Google gives their employees a lot of freedom they let you dress however you like, give you your own room, massages, cafeterias etc
Organizations as open systems
An open system interacts with the external environment in a continual process of transforming resource inputs into product outputs in the form of finished goods and/or services.
The environment supplies The organization creates The environment consumes
Resource inputs Work Product outputs
People activities turn resources into outputs Finished goods and/or services
Money transformation process
Materials
Technology
Information
Customer and client feedback
Study Question 2: What are organizations like in the new workplace? * Organizational performance
-Performance effectiveness
- Output
-Performance efficiency -Input
*How do companies measure productivity, by keeping track of output and input
Productivity and dimensions of organization performance Effective but not efficient -Goals achieved-Resources wasted | Effective and efficient-Goals achieved -no wasted resourcesHigh productivity | Neirther effective nore effiecent-Goals not achieved -Resources wasted | Efficient but not effective -no