ADMS 1000: Introduction to Admin Studies. Instructor: Eytan Lasry 206 Atkinson 416-736-2100 ext. 22878 firstname.lastname@example.org Office hours: Tuesday 2-4pm or by appointment. LECTURE 1 THE CONTEXT OF BUSINESS.
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ADMS 1000: Introduction to Admin Studies
Instructor: Eytan Lasry
416-736-2100 ext. 22878
Office hours: Tuesday 2-4pm or by appointment
LECTURE 1THE CONTEXT OF BUSINESS
What are the external factors that all organizations must face in their struggle to survive and prosper?
Chapter 1 – Karakowsky
Sam the Record Man
What is an organization?
Why do we care about organizations?
An open-system, a living organism continually interacting and exchanging resources with its external environment
Inside the Organization
Inside the Organization
Business cycles: recession, expansion…
Balance of trade
Exchange rates, interest rates, monetary and fiscal policies…
How does competition within industries evolve over time (the lifecycle model)?
What drives industry evolution along certain paths?
What are the key success factors for firms at different stages of the lifecycle?
What are the different types of technological innovations?
How does technology evolve over time along a lifecycle and how does it affect organizations and industries?
Can we predict the path of technological evolution?
The changing nature of the workforce
Diversity in the workplace
How unions have affected business and society
International events e.g. SARS, Hurricanes, Tsunamis, terrorist acts, political events…
Trade blocs and agreements: NAFTA, EU…
Trade protectionism, foreign takeovers
Laws, trade agreements, taxes, regulation, crown corporations, business incentives and subsidies, tariffs, quotas…
Recent trends of deregulation and privatization
In Canada (and elsewhere) there is a general trend towards less government intervention in the economy
STRATEGIC MANAGEMENT (Chap. 9)
risk-averse business culture
“In the US, you can tell people to do something. In Canada, you have to ask them – and hope they will do it!”
- Ed Clark, CEO of TD Bank
The Economic Context