Shared Flashcard Set

Details

Mgmt Final
Chap 3
41
Management
Undergraduate 3
12/05/2010

Additional Management Flashcards

 


 

Cards

Term
organizational environment
Definition
all elements outside the organization's boundaries that have the potential to affect the organization
Term
general environment
Definition
the layer of the external environment that affects the organization indirectly
Term
task environment
Definition
the layer of the external environment that directly influences the organization's operations and performance
Term
internal environment
Definition
the environment that includes the elements within the organization's boundaries
Term
general environment includes these 6 dimensions
Definition
1. international
2. technological
3. sociocultural
4. economic
5. legal-political
6. natural
Term
international dimension
Definition
portion of the external environment that represents events origination in foreign countries as well as opportunities for US companies in other countries
Term
technological dimension
Definition
the dimension of the general environment that includes scientific and technological advancements in the industry and society at large
Term
sociocultural dimension
Definition
the dimension of the general environment representing the demographic characteristics, norms, customs, and values of the population within which the organization operates
Term
economic dimension
Definition
the dimension of the general environment representing the overall economic health of the country or region in which the organization operates
Term
legal-political dimension
Definition
the dimension of the general environment that includes federal, state, and local government regulations and political activities designed to influence company behavior
Term
pressure groups
Definition
an interest group that works within the legal-political framework to influence companies to behave in socially responsible ways
Term
natural dimension
Definition
the dimension of the general environment that includes all elements that occur naturally on earth: plants, animals, rocks, and natural resources such as air, water, and climate

**this dimension has no voice and must rely on other sectors too see it's acknowledgment
Term
Concern about the environment has prompted companies to take 3 important actions:
Definition
1. eliminating nonbiodegradable plastic bags from the environment
2. improving efficiency of plants and factories
3. investing in cleaner technologies
Term
task environment includes those sectors that have a...
Definition
direct working relationship with the organization, ie customers, competitors, suppliers, and the labor mkt
Term
customers
Definition
people and organizations in the environment that acquire goods or services from the organization

*determine the organization's success
Term
competitors
Definition
other organizations in the same industry that provide goods and services to the same set of customers
Term
suppliers
Definition
people and organizations that provide the raw materials the organization uses to produce its outputs
Term
labor market
Definition
the people available for hire by the organization
Term
uncertainty
Definition
managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes
Term
boundary-spanning roles
Definition
link and coordinate the organization with key elements in the external environment

*detect changes and represent company interest
Term
business intelligence
Definition
sophisticated software used to spot trends, patterns, and relationships
Term
competitive intelligence
Definition
used to get as much information as possible on one's rivals
Term
merger
Definition
the combining of two or more organizations into one
Term
joint venture
Definition
a strategic alliance or program by two or more organizations
Term
corporate culture surfaces as extremely important to...
Definition
competitive advantage in the internal environment
Term
culture
Definition
the set of key values, beliefs, understandings, and norms that members of an organization share
Term
culture exhibited through (3)
Definition
1. visible artifacts
2. invisible expressed values
3. invisible deep beliefs
Term
symbols
Definition
an object, act, or event that conveys meaning to others
Term
story
Definition
a narrative based on true events and repeated frequently and shared among organizational employees
Term
hero
Definition
a figure who exemplifies the deeds, character, and attributes of a strong corporate culture
Term
slogan
Definition
a phrase or sentence that succinctly expresses a key corporate value
Term
ceremony
Definition
a planned activity at a special event that is conducted for the benefit of an audience
Term
4 categories of culture
Definition
1. adaptability
2. achievement
3. involvement
4. consistency
Term
adaptability culture
Definition
emerges in an environment that requires fast response and high-risk decision making

a culture characterized by values that support the company's ability to interpret and translate signals from the environment into new behavior responses
Term
achievement culture
Definition
a results oriented culture that values competitiveness, personal initiative, and achievement
Term
involvement culture
Definition
a culture that places high value on meeting the needs of employees and values cooperation and equality
Term
consistency culture
Definition
a culture that values and rewards a methodical, rational, orderly way of doing things
Term
one factor that increases company value the most is...
Definition
the people and how they are treated
Term
high performance culture is a culture that... (3)
Definition
1. is based on a solid organizational mission or purpose
2. embodies shared adaptive values that guide decisions and business practices
3. encourages individual employee ownership of bottom line results and the organization's cultural backbone
Term
cultural leader
Definition
a manager who uses signals and symbols to influence corporate culture
Term
cultural leaders influence culture in two key areas
Definition
1. the cultural leader articulates a vision for the organizational culture that the employees can believe in
2. the cultural leader heed the day-to-day activities that reinforce the cultural vision
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