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MNGT 361 Chapter 2 Integrative Management Issues Notes

by: Angela Potter

MNGT 361 Chapter 2 Integrative Management Issues Notes MNGT 361

Marketplace > Towson University > Business, management > MNGT 361 > MNGT 361 Chapter 2 Integrative Management Issues Notes
Angela Potter
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About this Document

These notes cover the material in chapter 2 of the textbook and during class
Leadership and Management
Donald McCulloh
Class Notes
towson, Management




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This 3 page Class Notes was uploaded by Angela Potter on Thursday February 11, 2016. The Class Notes belongs to MNGT 361 at Towson University taught by Donald McCulloh in Spring 2016. Since its upload, it has received 27 views. For similar materials see Leadership and Management in Business, management at Towson University.

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Date Created: 02/11/16
MNGT 361 Chapter 2: Integrative Management Issues  Globalization and Its Impact on Organizations  Global Village: A boundaryless (no borders) world where goods ad services are produced and  marketed worldwide  What does it mean to be global? ­ to operate anywhere in the world  ­ Exchanging goods and services with consumers in other countries  ­ Using managerial and employee talent from other countries  ­ Using financial sources and resources outside home country Types of Global Organizations MNC (multinational corporation) ­ Multidomestic corporation­ all decentralized management and decisions done in local country ­ Transnational organization­  used in arrangement that eliminate artificial barriers (ex. IBM) ­ Global corporation­ centralizes its management and other decisions in its home country   How Do Organizations go Global? ­ 1st stage: Global sourcing: purchasing materials or labor from around the world wherever its  cheapest  ­ 2nd stage:  ­ Exporting­ sending things out of our country ­ Importing­ bringing things into our country  ­ Licensing­ for large companies like pharmaceuticals  ­ Franchising   ­ 3rd Stage:  ­ Strategic Alliance: Partnership with an organization in a foreign company  ­ Joint Venture: provide a fast and less expensive way for companies to compete globally  ­ Foreign Subsidiary : Separate facility or office   Managing in a Global Organization  ­ A person with a  parochial attitude cannot succeed in todays world  Hofstede’s Frame Work  Hofstede’s 5 Dimensions of National Culture  ­ power distance: where is the power in the country that you are going to go into  ­ individualism/collectivism  ­ Quantify of life/quality of life  ­ Uncertainty Avoidance  ­ Long­term/short­term orientation  GLOBE Findings  Global Leadership and Organizational Behavior Effectiveness  ­ They validated Hofstede’s findings and extended what he did  Globe: 9 Dimensions of Cultural Difference  1. Assertiveness  2. Future orientation  3. Gender Differentiation  4. Uncertainty avoidance  5. Power Distance 6. Individual Collectivism  7. In­group collectivism  8. Performance orientation  9. Humane orientation  Society’s Expectations Social responsibility  ­ Corporate social responsibility (CSR): if you’re not going to be a positive influence don't be an influence at all ­ Social obligations  ­ Social responsiveness: we need to respond to conditions that we see taking place  Does Social Involvement Affect Economic Performance? Positive? it does great things, it benefits society Negative? it takes away from people that invest Neutral? Sustainability means different things to different people  Meeting the needs of people today without compromising the ability of future generations to  meet their own needs  A company’s ability to achieve its business goals and increase long­term shareholder value by  integrating economic, environmental, and social opportunities into its strategies  Factors that lead to ethical and unethical behavior in organizations  Ethical Behavior  Ethics: a set of rules or principles that defines right and wrong conduct  Different Views of Ethics ­ Utilitarian Views: refers to a situation in which decisions are made solely on the  consequences and their outcomes. Goal is to Create good for the greatest number of people ­ Right view of ethics: situation in which the individual is concerned with respecting and  protecting free speech, due process ­ positive side is that it protects individuals freedom and privacy  ­ Theory of justice view of ethics: individual imposes fairly  ­ example: even though may say its 7.75 my company and my people i don't think thats  enough but my personal minimum wage is 9.25 Factors determine Ethical Behavior  ­ Morality  ­ Values ­ Personality  ­ Experience  ­ organizations culture  ­ Issue being faced Encouraging ethical behavior  ­ Code of ethics : written ­ Ethical leadership: being a role model ­ Ethics training Ethics Training  Can ethics be taught? yes Critics: value systems learned in youth Proponents: ethical problem solving increases behavior, moral development, awareness The Changing Workforce  Workforce Diversity  ­ the ways in which people in an organization are both different from and similar to one another  Types of Diversity  Age  Gender  LGBT Religion Disability/Abilities  Race and ethnicity  Adapting to a changing workforce ­ work­life balance programs  ­ contingent workforce: women in work force for family friendly benefits   ­ generational differences  (ie. technology) 


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