Chapter 7--Change Flashcards
Organisational change
Is the adoption of a new idea or behaviour by an organisation.
Proactive
To be proactive is to initiate change to occur and the respond to it.
Reactive
To be reactive is to wait for a change to occur and then respond to it.
Recession
Is a contraction in the level of economic activity resulting in reduced spending, rising unemployment and a slow rate of economic growth.
Emissions reading scheme
Regulates the buying and selling of permits to emit greenhouse gases. A permit allows emissions up to a prescribed cap or limit. Large emitters either choose to buy extra permits or invest in technologies that control emissions. If limits are exceeded, penalties are imposed.
Force field analysis
Outlines the process of determining which forces drive and which resist a proposed change.
Driving forces
Are those that support change
Restraining forces
Are those forces that work against the change.
Organisational inertia
Refers to an unenthusiastic response from management to proposed change.
Change management process
Is the sequence of steps that a manager would follow for the successful implementation and adoption of change.
Facilitator
Is someone who helps people achieve an objective by providing unobtrusive assistance.
Manipulation
Is the skilful or devious exertion over someone to get them to do what you want.
Cooptation
Involves the selection of an influential person among the potential resistors to be involved in the development and implementation of the change process.
Change agent
Is a person or group of people who acts as catalysts, assuming responsibility for managing the change process.
Corporate social responsibility
Involves managing organisational processes in order to produce an overall positive impact on the community.
Triple bottom line
Refers to the social, economic and environmental performance of an organisation.
Ecological sustainability
Occurs when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs.
Sustainability report
Is a comprehensive report of what a business has done, and is doing, with regards to the social issues that affect it.
Business ethics
Refers to the application of moral standards to organisational behaviour.
Corporate code of conduct
Is a set of ethical standards for managers and employees to abide by.
Global economy
Is the world economy and refers to economic activity going on in the world. It includes the flow of all trade, finance, technology, labour and investment. Consequently, it is the total economic activity within and between countries.
Global manager
Pursues organisational objectives in international settings and, therefore, is required to conduct business in numerous countries with different cultures.
Merger
Is a combination of two companies to form a new company.
Acquisition
Is the purchase of one company by another with no new company being formed.