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chapter 2 words
Term | Definition |
---|---|
Intranet | A private computer network that used internet technology and is accessible only to organizational |
Technology | Any equipment, tools, or operating methods that are designed to make more efficient. |
Multinational Corporations (MNC) | Any type of international company that maintains operation in multiple countries |
Global corporation | An MNC that centralizes management and other decisions in the home country |
Global Village | Refers to the concept of a boundary-less world where goods and services are produced and marketed worldwide |
Multidomestic corporation | An MNC that decentralizes management and other decisions to the local country where it's doing business |
Transnational (borderless) organizations | A structural arrangement for global organizations that eliminates artificial geographical barriers |
Global Sources | purchasing materials or labor from around the world wherever it is cheapest |
Exporting | marketing products domestically and selling them abroad |
Importing | acquiring products made abroad and selling them domestically |
licensing | an agreement primarily used by manufacturing businesses in which an organizations gives another the right, for a free, to make or sell its products using its technology or product specifications |
Franchising | An agreement primarily used by service business in which an organizations gives another organization the right, for a fee, to use its name and operating methods |
Global Strategic Alliance | a partnership between an organization and a foreign company partner(s) in which resources and knowledge are shared in developing new products or building production facilities |
Join Venture | a specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose |
Foreign Subsidiary | a direct investment in a foreign country that involves setting up a separate and independent facility or office |
Parochialism | a narrow focus in which managers see things only through their own eyes and from their own perspective |
Global Leadership and Organizational Behavior Effectiveness (GLOBE) | a program that studies cross-cultural leadership behaviors |
Green Management | when managers recognize and consider the impact of their organization and its practices on the natural environment |
social responsibly | a business firm's intention,beyond its legal and economic obligations, to do the right things and act in ways that are good for society |
social obligation | when a business firm engages in social actions because of is obligation to meet certain economic and legal responsibilities |
social responsiveness | when a business firm engages in social actions in response to some popular social need |
ethics | a set of rules of principles that defines right and wrong conduct |
code of ethics | a formal document that states on organization's primary values and the ethical rules it expects managers and nonmanagerial employees to follow |
workforce diversity | ways in which people in a workforce are similar and different from one another in terms of gender, age, race, sexual orientation, ethnicity, cultural backround, and physical abilities and disabilities |
gen y | a population group that includes individuals born about 1978-1994 |
family-friend benefits | benefits that provide a wide range of scheduling options that allow employees more flexibility at work, accommodating their needs for work/life balance |
contingent workforce | part-time, temporary, and contact workforce who are available for hire on an as-needed basis |
empowerment | when employees have a decision making discretion |
continuous improvement | an organization's commitment to continually improving the quality of a product or service |
kaizen | the Japanese term for an organization's commitment to continuous improvement |
work process engineering | radical or quantum change in an organization |