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managment
| Term | Definition |
|---|---|
| intanet | a private network that uses internet technology and is accesssible only to organizational members |
| technology | any equipment, tools, or operating methods that are designed to make work more efficient |
| global village | refers to the concept of a boundaryless world where goods and services are produced and marketed world wide |
| multinantional | any type of international company that maintains operations in multiple countries |
| multidomestic | decentralize managment and other decisions to the local country where its doing business |
| global corporation | an mnc that centalizes managment and other decisions in the home country |
| transnational (borderless) organization | a structural arrangment for global organizations that eliminates artifical geographical barriers. |
| global sourcing | purchasing materials or labor from around the world wherever uts cheapest |
| explorting | making products domestically and selling them abroad |
| importing | acquiring products made abrouad and selling them domestically |
| licensing | an agrement primarily used by manufacturing business in which and organization gives another the right, for a fee, to make or sell its products, using its technology or product specifications |
| franchising | an agreement primarily used by service busiensses in whcih an organization gives another organization the right , for a fee, to use its name and operating methods |
| global strtegic alliance | a pertnership between an organization and a foreign company partner in which resources and knowledge are shared in developing new products or building production facilities |
| joint venture | a specific type of sttegic alliance in which the partners agree to form separate, independent organization for some buseinss purpose |
| foreign subsidiary | a direct investment in a foreign country that involves setting up separate and independent facillity or office |
| parochialism | a narrow focus in which managers see things only trough their own eyes and from their own perspective |
| global leadership and organizational behavior effectiveness (GLOBE) | a program studies cross-cultural leadership behaviors |
| green managment | when managers recognize and consider the impact of their organization and its practces on the natural environment |
| social responsibility | a business firm intention beyond its legal and economic obligations to do the right thing and act in ways that are good for society |
| social responsiveness | when a business firm engages in social actions in responce to some popular social need |
| code of ethics | a formal document that states and organizations primary values and the ethical rules it expects managers and nonmanagerial employees to follow |
| social obligation | when a business firm engages in a social actions because of its obligation to meet certian economic and legal responsibilties |
| ethics | a set of rules or principles that define right or wrong conduct |
| workforce diversity | ways in which people in a workforce are similar and different from one another in terms of gender, age, race, secual orientation, ethnicity, cultural background, and physical abilities and disabilities |
| gen Y | a population group that includes individuals born from 1978- 1994 |
| family-friend benfits | benfits that provide a wide range of scheduling options that allow employees more flexibility at work, accommodating their needs for work/ life balance |
| contingent | part-time, temporary, and contract workers who are available for hire on an as-needed basis |
| empowerment | when employees have decision- making discretion |
| continuous improvemnt | an organizations commitment to continually improving the quality of a product or service |
| kaizen | the japanese term for an organization commitment to continuous improvemnt |
| work process engineering | radical or quantum change in a organization |
Created by:
akuhn360
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