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managment

TermDefinition
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