Chapter 1 - Introduction to the field of OB Flashcards
Define Globalisation.
Economic, social and cultural connectivity with people in other parts of the world.
Explain in your own words, what is Globalisation?
Although globalisation is much more complex than having a business only branching out in one location and it may increase the work intensity for employees but it greatly benefits large organisations in terms of larger markets, lower costs and greater access to knowledge and innovation.
Define Surface-level diversity.
The observable demographic or physiological differences in people, such as their race, ethnicity, gender, age and physical disabilities.
Define Deep-level diversity.
Differences in the psychological characteristics of employees, including personalities, beliefs, values and attitudes.
Why is diversity beneficial?
It provides diverse knowledge, which potentially improves decision making and discovery of new opportunities. Companies that offer an inclusive workplace are, in essence, fulfilling the ethical standard of fairness in their decisions regarding employment and the allocation of rewards.
Define Work-life balance.
The degree to which a person minimises conflict between work and non-work demands.
Define Virtual Work.
Work performed away from the traditional physical workplace through the use of information technology.
List the Anchors of Organisational Behaviour Knowledge.
- Systematic research - decision making based on research evidence.
- Multidisciplinary - welcome theories and knowledge in other disciplines.
- Contingency - no single solution is best for all situations.
- Multiple levels of analysis - individual, team, organisational.
Define Organisation Effectiveness. (Ultimate dependant variable)
A broad concept represented by several perspectives, including the organisation’s fit with the external environment, its internal subsystem configuration for high performance, its emphasis on organisational learning and its ability to satisfy the needs of key stakeholders.
How do organisations maintain a good environmental fit?
- Being adaptive to change
- Managing the environment (copyright, marketing, bell)
- Moving to a more favourable environment (quit lol)
Define organisational efficiency. (Productivity)
The amount of outputs relative to inputs in the organisation’s transformation process.
Define organisation learning.
A perspective which holds that organisational effectiveness depends on the organisation’s capacity to acquire, share, use and store valuable knowledge.
Define intellectual capital.
A company’s stock of knowledge, including human capital, structural Captiva and relationship capital.
Define human capital.
Skills, abilities that employees carry around in their heads.
Competitive advantage as it is valuable, rare difficult to imitate and non-substitutable.
Define structural capital.
Documentation of work procedures and the physical layout of the production line.