Midterm 1 Flashcards
What is a business?
An organization that exchanges goods or services for money; legally recognized, organize people capital and resources, have a structure
What is the goal of a business?
- to survive (based off of profit)
What is the difference between a business and non profit?
- focus: non profit focuses on the service of helping others, business focused on surviving
What is the difference between a business and a co-operative?
- co-operatives give benefits to the members
How do businesses survive?
- make a profit: right people right time, organize resources and people, have to understand consumers
4 p’s of business
Product, place, price, and promotion
Is business good or bad for society?
Bad: often seen as immoral in past: interest, taking advantage, making a profit off of other people), can exploit people
Good: innovation, provides jobs, makes goods accessible
What ought the mission of a business be?
- provide a satisfied customer
What assumptions does business make about human nature?
- what humans are like in order to sell products
- people are emotional
- people want to own things
- people act in interest
- once something has been bought the consumer has right of ownership
What is an organization?
- has a structure, purpose; group of people working together towards a common goal; have to organize labour, resources, etc.
How is an organization different from society?
- limits/restrictions
- organization
- society has a structure but is not formally structured
Formal organization
- has structure to maximize profit, defined roles
Informal organization
- social organization, personal relationships, flexible, culture, better dealing with unknowns
Why have anthropologists traditionally been uninterested in business?
- they were busy studying other cultures, and it took a while before anthropologists started to look at their own cultures
- ethics of anthropologists not being allowed to work for businesses
Why have anthropologists only recently become interested in business?
- recent change in ethics
- business is changing cultures, way of understanding cultures
- permeates all aspects of society
- movement to start studying our own cultures
Why have businesses only recently become interested in anthropology?
- realized that you have to understand cultures in order to do business with them
- companies hiring a diversity of people
Areas for anthropology and business
- corporate culture
- workforce diversity
- consumer behaviour
- new product development and marketing research
- international and global business
Corporate Culture
- behind the formal organization of a business: the plans, strategies, and processes lie norms, values, attitudes, personal relationships, behaviours, vested interests (culture)
- understanding power of culture and getting it so work for you, rather than against you, during organizational change
- ethnographers root out cultural problems slowing down a company’s development
Organizational diversity
- organizations consist of multiple, complex, special interest groups
- ethnicity, gender, age, cultural groupings
New product development
- help run more smoothly and efficiently
Consumer behaviour
- How do demographic groups spend their time and $?
- attitudes and values?
- influence of family and other reference groups?
- cultural trends?
- products fit into context of consumers lives?
- social roles and self perception?
- symbolic meanings?
Global business
- how do multinational/ global corporations adjust business practices to the culture
- suppliers and joint ventures
- foreign owned companies at home and abroad
- consumption in the global marketplace
- how are products recontextualized
Scientific management (Taylorism)
- Fredrick Taylor
- the application of the scientific method to the management of workers could greatly improve productivity
- standard methods for performing series of simplified jobs and wage incentives
- time studies
- success in industry led to adoption in office and the home
Critiques on scientific management
- dehumanization and de- skilling
- compared workers with machines
- Loss of worker power- lower wages
- made most industrial work menial, repetitive, and tedious
- fails to account for fact that individuals are different
- resented and sabotaged by workforce
- ignored complications because workers are human
- may not be adaptive to change