Ch2 Flashcards

1
Q

Mission

A

The basic purpose of the organisation in general terms - why you do what you do.

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2
Q

Mission statement

A

Published statement of fundamental objectives

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3
Q

Vision statement

A

Medium to long term ideal position and aspirations

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4
Q

Primary objectives

A

Aka corporate objectives - the major overriding objectives of the organisation as a whole.

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5
Q

Secondary objectives

A

The various strategies that need adopting to meet the primary objectives

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6
Q

Positional power

A

Due to hierarchy, formal authority and reputation

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7
Q

Resource power

A

An individual can control, obtain or create resources or other items of value

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8
Q

System power

A

Because a stakeholder has high visibility, political access or is relevant to a particular situation

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9
Q

Expert power

A

An individual has information, knowledge or expertise that is important to the organisation

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10
Q

Personal power

A

Individual has good communication skills, reputation and is well liked

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11
Q

Satisficing

A

Aim for compromise, allowing more than one group to “win”

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12
Q

Sequential attention

A

Satisfy key players first, then keep satisfied

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13
Q

Side payments

A

Compensate stakeholders who’s objectives can’t be met

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14
Q

Power

A

Resolve the situation by using any power than we might possess

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15
Q

Civil Society

A

Non-governmental organisations, mass public and knowledge based communities. Non-business groups that represent the people in society

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16
Q

Market environment

A

Groups that help us to directly gain competitive advantage: suppliers/customers/competitors