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BA 320
Chapter 6 - MGMT
36
Business
Undergraduate 3
02/24/2011

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Term
Global Environment
Definition
the set of global forces and conditions that operate beyond an organization's boundaries but affect a manager's ability to acquire and utilize resources
Term
Task Environment
Definition
the set of forces and conditions that originate with suppliers, distributors, customers, and competitors and affect an organization's ability to obtain inputs and dispose of its outputs because they influence managers on a daily basis
Term
General Environment
Definition
the wide-ranging global, economic, technological, sociocultural, demographic, political, and legal forces that affect an organization and its task environment
Term
Suppliers
Definition
individuals and organizations that provide an organization with the input resources that it needs to produce goods and services
Term
Global Outsourcing
Definition
the purchase of inputs from overseas suppliers or the production of inputs abroad to lower production costs and improve product quality or design
Term
Distributors
Definition
organizations that help other organizations sell their goods or services to customers
Term
Customers
Definition
individuals and groups that buy the goods and services that an organization produces
Term
Competitors
Definition
organizations that produce goods and services that are similar to a particular organization's goods and services
Term
Potential Competitors
Definition
organizations that presently are not in a task environment but could enter if they so choose
Term
Barriers to Entry
Definition
factors that make it difficult and costly for an organization to enter a particular task environment or industry
Term
Economies of Scale
Definition
cost advantages associated with large operations
Term
Brand Loyalty
Definition
customers' preference for the products of organizations currently existing in the task environment
Term
Economic Forces
Definition
interest rates, inflation, unemployment, economic growth, and other factors that affect the general health and well-being of a nation of the regional economy of an organization
Term
Technology
Definition
the combination of skills and equipment that managers use in the design, production, and distribution of goods and services
Term
Technological Forces
Definition
outcomes of changes in the technology that managers use to design, produce, or distribute goods and services
Term
Sociocultural Forces
Definition
pressures emanating from the social structure of a country or society or from the national culture
Term
Social Structure
Definition
the arrangement of relationships between individuals and groups in a society
Term
National Culture
Definition
the set of values that a society considers important and the norms of behavior that are approved or sanctioned in that society
Term
Demographic Forces
Definition
outcomes of changes in, or changing attitudes toward, the characteristics of a population, such as age, gender, ethnic origin, race, sexual orientation, and social class
Term
Political and Legal Forces
Definition
outcomes of changes in laws and regulations, such as the deregulation of industries, and privatization of organizations, and the increased emphasis on environmental protection
Term
Globalization
Definition
the set of specific and general forces that work together to integrate and connect economic, political, and social systems across countries, cultures, or geographical regions so that nations become increasingly interdependent and similar
Term
Tariff
Definition
a tax that a government imposes on imported or, occasionally, exported goods
Term
Free-Trade Doctrine
Definition
the idea that if each country specializes in the production of the goods and services that it can produce most efficiently, this will make the best use of global resources
Term
NAFTA
Definition
North American Free Trade Agreement
Term
CAFTA
Definition
Central American Free Trade Agreement
Term
Values
Definition
ideas about what a society believes to be good, right, desirable, or beautiful
Term
Flokways
Definition
the routine social conventions of everyday life
Term
Mores
Definition
norms that are considered to be central to the functioning of society and to social life
Term
Individualism
Definition
a 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
Collectivism
Definition
a 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
Power Distance
Definition
the 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
Achievement Orientation
Definition
a worldview that values assertiveness, performance, success, and competition
Term
Nurturing Orientation
Definition
a worldview that values the quality of life, warm personal friendships, and services and care for the weak
Term
Uncertainty Avoidance
Definition
the degree to which societies are willing to tolerate uncertainty and risk
Term
Long-Term Orientation
Definition
a worldview that values thrift and persistence in achieving goals
Term
Short-Term Orientation
Definition
a worldview that values personal stability or happiness and living for the present
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