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Definition
Maxamize profits for the befefit of the stockholders.
Doing social good unjustifiably increases Costs. |
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Definition
| Firms have a moral responsibility to larger larger society to do the right thing. Corporations are not responsible only to stockholders.Managment should also protect and improve societies welfare |
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Definition
| managers establish and uphold an organizations shared values or what it believe in and stands for. Shared values guide decisions, shape employee behavior, builds team spirit and influences the direction marketing efforts. |
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Definition
public expectations
ethical obligation
public image
better environmnet
discourage government regulation
prevent rather than try to cure |
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Definition
violation of profit maximization
dilution of purpose
costs
lack of skills and lack of accountability |
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Definition
| Utilitarian, Rights, Theory of Justice, Integrative Social Contracts |
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Term
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Definition
| Greates good is provided for the greatest number. Encourages efficiency and productivity and is consistent with the goal of profit maximization |
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Definition
| Respecting and protecting individual liberties and privileges. Protects individual rights of free speech, life and safety |
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| Moral Development (3 stages) |
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Definition
| A measure of independence from outside influences. 3 differant stages: preconvestional, conventional and principled |
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Definition
| Personality attribute that measure the degree to which people believe they control their own life. |
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Term
| Internal and external locus of control |
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Definition
Internal- the belief that you control your own destiny
External- the belief that what happens to you is due to luck or chance |
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Term
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Definition
| preconventional- 1.sticking to rules to avoid physical punishment. 2. following rules onley when doing so is your immediate interest |
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Term
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Definition
| 3. Living up to what is expected by people close to you. 4. maintaing conventional order by fufilling obligations to which you have agreed. |
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Definition
| 5. Valuing rights of others and upholding absolute values and rights regardless of the majority's opinion. |
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Definition
| Following self chosen ethical principles even if they violate the law |
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Definition
| the continuous line of authority from upper level to he lowest levels, clarifies who reports to who. |
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Definition
| the concept that a person should have only one boss and should report to only that person. |
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Term
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Definition
| the rights inherent in a manageial position to tell people what to do and expect them to do it. |
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Term
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Definition
| formal arrangment of jobs within an organization |
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Term
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Definition
high specialization
rigid departmentalization
clear chain fo command
centralization decision making
high formalization |
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Definition
decentralization
low formalization
wide span of control
cross functional teams
free flow of information
open communications network
empowered employees
departmentalization is product/ divisional |
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Term
| centralization vs decentralization |
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Definition
centralization - degree to which ecison making is concentrated at a single point in the organization. ex. the top boss
Decentralization- lower level employees provide input or actuallymake decisions |
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Term
| Boundaryless Organization |
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Definition
| flexible and unstructured organizational design that is intended to wbreak down external barriers between the organization and its customers and suppliers. |
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Term
| Human resource management |
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Definition
| acquiring training evaluating and compenstating the workforce |
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Term
| Strategic Human Resource Management |
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Definition
| the linking of HRM with strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility. |
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Term
| performance management system |
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Definition
| establishing performance standards and appraising employee performance in order to arrive at ojective HR decisions that are supports by documents. |
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Term
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Definition
| process by which managers ensure that they have the right number and kinds of people in the right places, at the right times, who are capable of effectively and efficiently performing their tasks. |
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