Shared Flashcard Set

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test 2
test 2
15
Business
Undergraduate 1
06/02/2012

Additional Business Flashcards

 


 

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Term
Value chain –
Definition
the key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service
Term
Organizational culture
Definition
Organizational culture – the values, beliefs, and norms that all the employees of that organization share
Term
Ambush marketing-
Definition
30sec n 60 sec adds companies are become more and more creative to get there name out there.
Term
R&D
Definition
-Directly involved in future growth.
- Critical commitment to product quality, safety, and reliability.
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Term
Ethics in Marketing Purpose
Definition
-to customers who have already expressed a need for and a desire to purchase those products.
- Critics of marketing see it as a more manipulative process whereby unsuspecting customers are induced to buy products they don’t really need and could quite easily live without by ‘slick’ commercials and advertisements.
Term
The HR Relationship Purpose
Definition
The creation of the job description for the position.
The recruitment and selection of the right candidate for the position.
The orientation of the newly hired employee
The efficient management of payroll and benefits for the (hopefully) happy and productive employee.
The documentation of periodic performance reviews.
The documentation of disciplinary behavior and remedial training if needed.
The creation of a career development program for the employee.
Coordination of final paperwork - severance benefits and Exit Interview.
Term
Ethics in Hr II Purpose
Definition
HR professionals must help ensure that ethics is a top organizational priority.
HR must ensure that the leadership selection and development processes include an ethics component.
HR is responsible for ensuring that the right programs and policies are in place.
HR must stay abreast of ethics issues (and in particular the changing legislations and sentencing guidelines for unethical conduct).
Term
Universal Ethics
Definition
Ethical police in which actions are taken out of duty and obligation to a puerly moral ideal rather than based on the needs of the situation, since the universal principle are seen to apply to everyone, everywhere.
Term
Utilitarianism
Definition
Ethical choices that offer the greatest good for everyone.(greatest number).
Term
Audit committee
Definition
An operation's committe staffed by members of the board of directorsof the board of directors plus independent or outside directors.Duties check and monitior internal controls.
Term
Auditing function***
Definition
to check the accuracy of the books.
The certification of an organization' financial statments, or books as accurate by an impatial 3 party
Term
Corporate citizenship
Definition
An alternative term for corporate social responsibility implying that the organization is a responsible "citizen" in meeting all its obligations.
Term
Corporate concise
Definition
An alternative term for corporate corporate social responsibility , implying that organization is run with an awareness of obligation to society.
Term
Corporate social responsibility
Definition
- The action of an organization that are targeted towards achieving a social benefit over and above maximizing profit for shareholders and meeting all its legal obligation.
Term
Instrumental approach
Definition
The perpective that the only obiligation of a corporation is to maximize profits for its shareholders in providing good and services that meet the needs of its customer
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