Fundamentals of Mang Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Term | Definition |
| Intranet | A private computer network that uses internet technology and is accessible 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 boundary less world where goods and services are produced and marketed worldwide. |
| Multinational Corporations | Any type of international company that maintains operations in multiple countries. |
| Multi-domestic Corporations | An MNC that decentralizes management and other decisions to the local country where it's doing business. |
| Global Corporation | An MNC that centralizes management and other decisions in the home countries |
| Transitional (Borderless) Organization | A structural arrangement for global organizations that eliminate artificial geographical barriers |
| Global Sourcing | Purchasing materials or labor from around the world wherever it is the cheapest |
| Exporting | Making products domestically and selling them abroad |
| Importing | Acquiring products made abroad and selling the domestically |
| Licensing | An agreement primarily used by manufacturing businesses in which an organization gives another the right, for a fee, to make or sell it's products, using its technology or product specifications |
| Franchising | An agreement primarily used by service businesses in which an organization give 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 |
| Joint 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 | 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 Responsibility | 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 its 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 or principles that defines right and wrong conduct |
| Code of Ethics | A formal document that states an organization's primary values and ethical rules its expects managers and non-managerial 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, background, and physical abilities and disabilities |
| Gen Y | A population group that includes individuals born about 1978 to 1994 |
| Family-Friendly Benefits | Benefits that provide a wide range of scheduling options that allow employees more flexibility at work, accommodating their needs for work/life balance |
| Contigent Workforce | Pat-time, temporary, and contract workers who are available for hire on an as-needed basis |
| Empowerment | When employees have decision-making discretion |
| Continuos 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 |
Created by:
Excaliber
Popular Finance sets