Term
|
Definition
| Executives responsible for the overall direction of the organization |
|
|
Term
|
Definition
| Setting objectives consistent with top management's goals & planning and implementing subunit strategies for achieving their objectives |
|
|
Term
|
Definition
| Train and supervise the performance of nonmanagerial employees (aka office manager) |
|
|
Term
|
Definition
| Responsible for facilitating team activites |
|
|
Term
|
Definition
Figureheads: Perform ceremonial Duties
Leader: motivate and encourage workers
Liaison: Deal with people outside their units |
|
|
Term
|
Definition
| Rate at which a company's general and specific environments change |
|
|
Term
| Punctuated equilibrium theory |
|
Definition
| Long periods of stability, followed by short periods of dynamic, and then new equilibrium |
|
|
Term
|
Definition
| Number and intensity of external factors in the environment that affect organizations |
|
|
Term
|
Definition
| Abundance or shortage of resources in an external environment |
|
|
Term
|
Definition
| Where managers predict which external changes and trends will affect their business |
|
|
Term
| Business Confidence Indices |
|
Definition
| Show managers level of confidence about future business growth |
|
|
Term
|
Definition
| general behavior, attitudes, and beliefs of people in a particular society |
|
|
Term
|
Definition
| Degree of concern people have about an ethical issue |
|
|
Term
|
Definition
| profit maximization for the benefit of the shareholders |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Companies does less than society expects |
|
|
Term
|
Definition
| Company admits responsibility for problem but then does least required to meet expectations |
|
|
Term
|
Definition
| Company takes responsibility for problem and then does the most to make up for it |
|
|
Term
|
Definition
| Anticipates a problem before it occurs and does more than expectations |
|
|
Term
|
Definition
| Declaration of a company's purpose or reason for existing |
|
|
Term
|
Definition
| Specify how the company will use resources to accomplish goal |
|
|
Term
|
Definition
| Used frequently to handle repeatedly occuring evens |
|
|
Term
|
Definition
| Each decision is compared to a standard or ranked on its own merits |
|
|
Term
|
Definition
| Each decision is compared directly with every other criterion |
|
|
Term
|
Definition
| Each decision criterion is compared directly with every other criterion |
|
|
Term
|
Definition
| Disagreement that focuses on problem and issue-related differences |
|
|
Term
|
Definition
| Disagreement that focuses on individuals or personal issues |
|
|
Term
|
Definition
| Begins and ends by having group members write down and evaluate ideas |
|
|
Term
|
Definition
| Members of a panel of experts respond to questions and use each other until reaching agreement |
|
|
Term
|
Definition
| Reluctance to change strategies or competitve practices that have been successful in the past |
|
|
Term
|
Definition
| Discrepancy between a company's intended strategy and the strategic managers take when implementing strategy |
|
|
Term
|
Definition
| Minimizes risk by diversifying portfolio investments |
|
|
