GMS 200 EXAM LATETS UPDATE GRADED A+

GMS 200 EXAM LATETS UPDATE GRADED A+ Intellectual Capital the collective brain power or shared knowledge of a workforce Knowledge Workers Workers whose intelligence is a critical asset to employers Glass Ceiling Effect an invisible barrier limiting career advancement of minorities Globalization the world interdependence of resource flows, product markets, and business conditions Organization a collection of people working together to achieve a common purpose Productivity the quantity and quality of work performance relative to the cost of inputs Performance Effectiveness An output measure of task or goal accomplishment Performance Efficeincy An input measure of resource cost associated with goal accomplishment General Environment composed of economic, legal-political, technological, socio-cultural, and natural environment conditions Sustainable Business A business that both meets customer needs and protects the well being of the environment Sustainable Innovation New products and production methods that have reduced impact on the environment Specific Environment people and groups with whom the organization interacts Stakeholders persons, groups, and institutions directly affected by an organization Competitive Advantage something an organization does extremely well, a core competency that sets it apart from competitors which can be achieved through costs, quality, delivery, and flexibility Environmental Uncertainty the lack of complete information about the environment Organizational Effectiveness sustainable high performance in using resources to accomplish mission and objectives Manager A person in an organization who directly supports,supervises, and helps activate the work efforts and performance of others Top Managers Managers responsible for performance of an organization as a whole or for one of its larger parts Middle Managers Managers in charge of relatively large departments or divisions Supervisors Managers in charge of a small work group