MNGT 361 Chapter 2 Integrative Management Issues Notes
MNGT 361 Chapter 2 Integrative Management Issues Notes MNGT 361
Popular in Leadership and Management
Popular in Business, management
verified elite notetaker
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.
Reviews for MNGT 361 Chapter 2 Integrative Management Issues Notes
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
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)
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'