mgt exam 1 hrm Flashcards
what a company does best and the essence of its business.
core competencies
customers perceive that they receive more value for their transaction from an organization that that of its competitors.
competitive advantage
When an organization considers the interests of society and the impact of their activities on stakeholders and the enviornment
corporate social responsibilty (CSR)
Companies making a profit while not sacrificing the resources of its people, the community and the planet.
corporate sustainability movement
in context of this chapter refers to growing number of women and minorities entering the workforce
diversity
programs concerned with fostering and maintaining employee skills based on organizational and employee needs.
employee training and organizational development
a business receives special access to financial funding or is able to produce a good or service cheaper than that of its competitors.
financial or economic capability
HR practices that are correlated with financial performance, productivity, product and service quality, and cost control
High performance work systems (HPWS)
consist of all people who perform an organization activities
human resources
concerns the personnel policies and managerial practices and system that influence the workforce
human resources management
business’s ability to manage organizational systems and people in order to match customer and strategic needs.
organizational capablity
involves the arrangement of work tasks based on the interaction of people, technology, and the tasks to be performed in the contet of the mission, goals, and strategic plan of the organization.
organizational design
include assessments of individual, unit, or other aggregated levels of performance to measure and improve work performance.
performance appraisal and management
refers to type of rewards or benefits that may be available to employees.
reward systems, benefits, and compliance
has to do with flow of people into, through, and out of the organiation
staffing
business offering of a product or service that differentiate it from other products or services.
strategic or product capability
investors buy into companies with favorable corporate social/ environmental performance.
socially responsible investing
business that has a distinct way of building or delivering is products or services.
technological or operational capability
offering a product or service that your competitor cannot easily imitate or copy.
uniqueness
involve the purchase of an existing business.
acquisitions
international compensation approach that ensures the expatriate maintains the she standard of living in the host country as he/ she had in the home country by providing a variety of financial, social, and familybenefits.
balance sheet aproach
international comensation approach where expatriates can chose from a variety of benefits, at costs that meet a specified total
cafeteria-style benefit package
when outpouring of the creation of products occurs.
contract manufacutring
a system of values and norms that are shared among a group of people
culture
foreign subsidiaries have little autonomy, operations are typically centralized, and major decisions are made at the corporate headquarters
ethnocentric approach
employees who are placed in an assignment outside their home country.
expatriates
when a company sells its goods or services to a foreign market
export
an investment abroad; usually where the company being invested in is controlled by the foreign corporation of foreign individual.
for=eign direct investment
allows franchisee to operate a business under the name of franchisor for a fee.
Franchise agreement
a country’s economic, legal, political, and socio-cultural systems, plus diversity in language and religious beliefs that influences an organization’s decision to invest in a particular international market.
general enviornement
managerial approach series to integrate headquarters and foreign subsidiaries.
geocentric
a firm’s competitive position in one country is significantly affected by its position in other countries, which influences the decision to invest in a particular international market.
gloobal industry