CLASS 1 - GMS 200 - Course Intro & Chapter 1 - Management Today - 2024Fall

Global Management

The field concerned with managing businesses in a global context, focusing on international markets, cultures, and practices.

Micro-foundations

The individual-level drivers that influence decision-making processes within management.

Intellectual Capital

The combined knowledge and skills of an organization's employees that represent a strategic asset.

GLO-BUS Simulation

A computer-based management simulation where teams manage companies competing in global markets.

Value Creation

The process by which organizations produce goods and services that provide value to customers.

Triple Bottom Line

An evaluation framework for organizational performance based on economic, social, and environmental criteria.

Quality of Work Life (QWL)

An indicator of the overall quality of human experiences in the workplace.

Shamrock Organization

A flexible organizational structure composed of full-time employees, freelancers, and part-time workers.

Tech IQ

The ability to use current technology effectively in work and personal life.

Reverse Mentoring

A practice where younger employees provide guidance and insights to older, more experienced colleagues.