Business Mgt BMGT1101
Terms in this set (13)
Managers are responsible for:
getting work done through others by using the key managerial functions of planning, organizing, leading, and controlling.
is defined as the social and informal sources of influence that you use to inspire action taken by others
defined as the recognition of opportunities (needs, wants, problems, and challenges) and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures
is a person who engages in the process of entrepreneurship. Entrepreneurship is best understood as a process because it often involves more than simply coming up with a good idea—someone also has to convert that idea into action.
refers to the creation of an organization's long-term purpose, articulated in clear goals and objectives that can be incorporated into a coherent plan of action.
is the body of knowledge that answers questions about the development and implementation of good strategies.
Corporate social responsibility (CSR)
concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities, and the environment in all aspects of their operations.
things you have to do in your job
hings that add value but are not part of a formal job description.
refers to a type of group action that is focused on specific political or social issues; examples include the civil rights movement, the feminist movement, and the Occupy Wall Street movement. Leaders of social movements depend on charisma rather than authority to motivate participants to action
refers to the extent to which people act predominantly as a member of a lifelong group or organization. In countries with high institutional collectivism such as Sweden, a more effective motivational strategy is to reward groups rather than individuals. Countries with low institutional collectivism, such as in the United States, emphasize individual achievement and rewards.
goverment act that sought to reform corporate governance practices in large U.S. public companies.