Chapter 1 Flashcards

1
Q

competitive advantage

A

anything that gives a firm an edge over rivals in attracting customers and defending itself against competition

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2
Q

Hawthorne effect (findings)

A

people improve their behavior or performance simply because they are being assessed

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3
Q

Hawthorne effect (study)

A
  • researchers in a factory increased the lighting several times and production went up
  • turned light down and production still went up
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4
Q

parochialism

A

viewing the world solely through one’s own eyes and perspective

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5
Q

what aspect of B.O. does the Smucker’s case look at?

A

ethical behavior

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