A business is an organization that manufactures or sells goods or service.

Major Trends
Technological Revolution
Technological advancements; Such as The internet, computers.
Globalization
Globalization is the worldwide interdependence of resources
Diversity
Different races and respecting each others cultures.
Ethics
Code of morals.
Careers
Lifetime employment

Open systems
Resource inputs --------> Workflows turn resources into outputs ---------> Product Outputs
People Finished goods
Money

Types Of Leadership
Task-Oriented— focuses more on performance to achieve goals
People- Oriented— cares about their employees and their success for the company.

Leadership Traits
Drive
Self-confidence
Creativity
Cognitive
Business knowledge
Motivation
Flexibility
Honesty and integrity
Classic Leadership Roles

Autocratic: One person takes charges

Laissez-faire: Everyone has a their own choice
Democratic: Everyone votes for an outcome

Employee Empowerment
Is a technique for unleashing the full extend of someone abilities.

Issues with EE

Employee do not want to be held accountable for issues that may occur.

Transformational Leadership Qualities

Vision
Charisma
Symbolism
Empowerment
Intellectual Stimulation
Integrity

Charismatic Leadership Qualities

Having strong feelings
Creation for emotional bonds
Search for the spotlight
Claim higher principles
Vision
Strength personality
Simplified speech

Types of teams
Formal Teams
Informal Teams
Committees
Task forces
Cross-functional teams
Employees Involvement
Virtual Teams
Self-managing work team
Stages of Team Development
Forming - coming together for the first time and share ideas
Stroming - set goals and divide tasks
Norming - splitting up to set up task
Performing - working in task
Adjourning - coming back together to finish off the

Maslow’s Hierarchy of Needs

Self Actualization needs
Esteem Needs
Social Needs
Safety Needs
Physiological Needs

Benefits of Planning
Focus
Adaptability
Increased Coordination
Control
Time Management
Motivation

SWOT
Strengths
Weaknesses
Opportunities
Threats

PEST
Political
Economic
Social
Technological factor

What is a Union
A labour union is a group of workers who have joined together to increase strength in their
efforts to achieve commons.
Ethics:
A code of moral principles used to set standards of “good” and “bad”

What is a Whistleblowers
A person who tells the public or someone in authority about alleged dishonest or illegal activities
occurring in an organization or the governments.

CSR
Corporate social responsibility

Types of thinkers
Systematic
Intuitive