Concepts

Question 1

Management by Objectives (MBO)

Answer 1

A type of performance appraisal, where the employee sets objectives for themselves that are aligned to the company strategy. The objectives must be measurable. 

Question 2

Push Factor

Answer 2

Factors that push the organization toward globalization in response to the external business environment. Examples of this are a need for new markets, increased, competition, and government policies. 

Question 3

Pull Factor

Answer 3

A factor that pulls an organization toward change by expecting greater organizational value through globalization. An example is organizations find. They may have more control over their business by developing a multinational presence.

Question 4

Triple Bottom Line Concept

Answer 4

According to the triple bottom line concept, an organization shouldn’t just be concerned with gauging its success by profits. Instead, success metrics should be changed to account for people, the planet and profits. 

Question 5

Likert’s Leadership Philosophies

Answer 5

Consultative
Exploitative-Authoritative
Benevolent-Authoritative
Participative

Question 6

3 Levels of Corporate Social Responsibility

Answer 6

Benevolent, Ethical, Legal

Legal is minimum level and seeks to maximize profits while adhering to the law

Question 7

Corporate Compliance Initiatives

Answer 7

Fraud, waste, abuse