Principles of management final Flashcards Quizlet PDF

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4/29/2021

Principles of management final Flashcards | Quizlet

gy / Management

Principles of management final Terms in this set (150) Managers as

The view that managers are directly responsible for

omnipotent

an organization's success or failure

-values widely shared -culture conveys consistent messages about what's important Traits of strong culture

-most employees can tell stories about company history or heroes -employees strongly identify with culture -strong connections between shared values and behaviors

The shared values, principles, traditions, and ways of Organizational culture

doing things that influence the ways organizational members act and that distinguish the organization from other organizations

External environment

External stakeholders

Those factors and forces outside the organization that affects its performance

Affect what an organization does and how it operates

An agreement among the Mexicans, Canadian, and NAFTA

U.S. governments in which barriers to trade have been eliminated

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Principles of management final Flashcards | Quizlet

A global organization of 153 countries that deals WTO

EU

Multinational Corporations (MNC)

with the rules of trade among nations

A union of 27 European nations created as a unified economic and trade entity

A broad term that refers to any and all types of international companies that maintain operations in multiple countries

Transnational

An MNC in which artificial geographical barriers are

Corporations

eliminated

First stage of global

Stages of engaging in global enterprize

evolution

A partnership between an organization and a Strategic alliances

foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities

a socialist economic system in which production Command economy

and distribution of goods and services are controlled by the government and industry is mostly publicly owned

An economic system in which resources are Free market economy

primarily owned and controlled by the private sector

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Principles of management final Flashcards | Quizlet

1. Identify a problem 2. Identify decision criteria 3. Allocate weights to the criteria The decision-making

4. Develope alternatives

process

5. Analyze alternatives 6. Select an alternative 7. Implement the alternative 8. Evaluate decision effectiveness

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