Unit 1: Business Management and Strategy Flashcards Preview

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Flashcards in Unit 1: Business Management and Strategy Deck (83)
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1

Exists when the relationship between the human resources department and the line managers is one of providing advice and counsel and when the authority for deciding what to do is shared.

Advisory role

2

The degree to which workers are free of the direct influence of supervisors and can exercise discretion in scheduling their work and in deciding how it will be done

Autonomy

3

The period of time following World War II when there was a significant increase in the birthrate in the United States.

Baby boom

4

Refers to the idea that there are three important stakeholders for every company -- the stockholders, the customers, and the employees, and that the expectations of all three stakeholders need to be simultaneously satisfied, and the interests of all three stakeholders are interrelated.

Balanced scorecard

5

The decline in the birthrate that occurred during the great depression.

Birth dearth

6

The number of live births per 1,000 population.
or
The number of live births per 1,000 adult females.

Birthrate

7

An agency in the Department of labor that collects and publishes information about the labor market

BLS
(Bureau of Labor Statistics)

8

A characteristic of organizations in which the authority to make organizational decisions is retained by top managers within the central office.

Centralized authority

9

The role of HR managers when they supervise or guide an organizational development intervention.

Change agent role

10

all employed or unemployed persons 16 years of age and older who are not military personnel nor inmates of penal or mental institutions, or homes for the aged, infirm, or needy.

Civilian labor force

11

a set of rules that identifies the values that members of the organization, and especially its leaders, consider to be important

Code of ethics

12

A position of relative advantage over ones competition.

Competitive advantage

13

An analysis of each organization with which a company directly competes.

Competitive analysis

14

A situation where a person who has a responsibility to act in the best interest of a company may receive direct personal benefit from his or her actions at the expense of or to the detriment of the company.

Conflict of interest

15

Exists when the human resource department has the authority to make decisions regarding personnel policies and procedures that line managers are required to follow.

Control role

16

a strategy of bringing outside people into the organization and making them feel obligated to contribute because of their organizational involvement.

Cooptation

17

Unique skills or resources that give an organization a competitive advantage

Core competency

18

A survey of about 60,000 households that is conducted by the Bureau of Labor Statistics. Personal interviews are conducted monthly to determine participation in the work force, unemployment, and reasons for not working or for only working part-time.

CPS
(Current Population Survey)

19

The visible symbols and objects that are unique to an organization and that suggest the kinds of shared beliefs and expectations of members

cultural artifacts

20

The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity.

cultural values

21

A characteristic of organizations in which authority to make organizational decisions is delegated to lower-level managers and supervisors.

Decentralized authority

22

The process of dividing work into specialized jobs that are performed by separate individuals.

Division of labor

23

Efficiency refers to how well an organization creates products from the materials and energy used to produce them - it is a ratio of inputs to outputs. Effectiveness refers to the entire cycle of obtaining inputs, transforming them into useful products, selling them, and obtaining more inputs.

Effectiveness
versus
efficiency

24

An agreement in which an individual agrees to provide labor in exchange for rewards offered by an organization.

Employment exchange

25

Providing the conditions that stimulate followers to act in a committed, concerned, and involved way in doing their work.

Empowerment

26

Examining the demographic and social forces influencing the long-term composition of the labor force and the future availability of employees.

Environmental scanning

27

The degree of predictability in an organization's environment and how rapidly it changes.

Environmental uncertainty

28

a manager who is assigned to work in a foreign country.

Expatriate manager

29

The average number of children born to a woman during her lifetime. The _____________ of 2.1 represents zero population growth.

Fertility Rate

30

A research study that occurs in a natural setting of an organization and where an independent variable is manipulated to determine its effect on dependent variables.

Field experiment