Download Global Business Management: Key Terms and Concepts and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Global Organization DEFINITION 1 Organizations that operate and compete in more than one country TERM 2 Global Environment DEFINITION 2 Set global forces and conditions that operate beyond an organization's boundaries but affect a manager's ability to acquire and utilize resources. TERM 3 Task Environment DEFINITION 3 Set of forces and conditions that originate with suppliers, distributors, customers, and competitors and affect an organizations ability to obtain inputs and dispose of its outputs because they influence managers daily TERM 4 General Environment DEFINITION 4 Wide-ranging global, economic, technological, sociocultural, demographic, political, and legal forces that affect an organization and its task environment TERM 5 Global Outsourcing DEFINITION 5 Purchase or production of inputs or final products from overseas suppliers to lower costs and improve product quality or design TERM 6 Distributors DEFINITION 6 Organizations that help other organizations sell their goods or services to customers TERM 7 Customers DEFINITION 7 Individuals and groups that buy the goods and services that an organization produces TERM 8 Competitors DEFINITION 8 Organizations that produce goods and services that are similar to a particular organizations goods and services TERM 9 Economic Forces DEFINITION 9 Interest rates, inflation, unemployment, economic growth, and other factors that affect the general health and well- being of a nation or the regional economy of an organization TERM 10 Technological Forces DEFINITION 10 Outcomes of changes in the technology that managers use to design, produce, or distribute goods and services TERM 21 Values DEFINITION 21 Ideas about what a society believes to be good, desirable and beautiful TERM 22 Norms DEFINITION 22 Unwritten, informal codes of conduct that prescribe appropriate behavior in particular situations and are considered important by most members of a group or organization TERM 23 Mores DEFINITION 23 Norms that are considered to be central to functioning of society and to social life TERM 24 Folkways DEFINITION 24 Routine social conventions of everyday life TERM 25 Individualism DEFINITION 25 Worldview that values individual freedom and self-expression and adherence to the principle that people should be judged by their individual achievements rather than by their social background TERM 26 Collectivism DEFINITION 26 Worldview that values subordination of the individual to the goals of the group and adherence to the principle that people should be judged by their contribution to the group TERM 27 Power Distance DEFINITION 27 Degree to which societies accept the idea that inequalities in the power and well-being of their citizens are due to differences in individuals physical and intellectual capabilities and heritage TERM 28 Achievement Orientations DEFINITION 28 Worldview that values assertiveness, performance, success, and competition TERM 29 Nurturing Orientation DEFINITION 29 Worldview that values quality of life, warm personal friendships, and services and care for the weak TERM 30 Hofstede DEFINITION 30 Studied differences in culture and found that managers and employees vary on five value dimensions of national culture TERM 31 Uncertainty Avoidance DEFINITION 31 Degree to which societies are willing to tolerate uncertainty and risk TERM 32 Long-term Orientation DEFINITION 32 Worldview that values thrift and persistence in achieving goals TERM 33 Short-Term Orientation DEFINITION 33 Worldview that values personal stability or happiness and living for the present
