objectives 2

Question 1

define product

Answer 1

goods and services

Question 2

define crisis

Answer 2

an unexpected event from an external or internal enviornment that has a major impact on the firm

Question 3

define global mindset

Answer 3

is a set of individual qualities and attributes that help a manager influence individuals, groups, and organizaion from other parts of the world.

Question 4

define GLOBE

Answer 4

is a unique large scale study of culutral practices, leadership ideals, and generalized, and interpersonal trust in more than 170 countries. GLOBE research team identiifed nine dimensions in which national culturees are either similar or different

Question 5

how does sport businesses go global in what 6 ways?

Answer 5

1.global sourcing
2.importing and exporting
3.licensing and franchising
4. contracting
5.joint ventures and strategic allieances
6.(foreign) direct investment

Question 6

define risk management

Answer 6

refers to the potential damage to property, equipment, athletes, spectators, and employees before, during, and after an event.

Question 7

who are responsible for risk management in the sport industry?

Answer 7

coaches, sport facility managers, operations, managers, and event coordinators

Question 8

what are the 4 global sport issues that sport management students should understand

Answer 8

1.large corps are using developing countries’ workforces to manufacture sportwear and sport equipment.
2. foreign athletes now compete around the world
3.extremely large organizations have a huge role in organizing sports worldwide
4.sport management students should know how globezation affects their careers

Question 9

define organization ethics

Answer 9

collective behavior of individual’s ethics

Question 10

define utilitarian view

Answer 10

ethical decisions should be based on creating greater good for society (more numbered benefits)

Question 11

define rights view

Answer 11

ethical decisions should respect and protect individual priveleges

Question 12

define justice view

Answer 12

ethical decisions should be made to treat fairly and impartially. do not discriminate

Question 13

define universalism ethics

Answer 13

there is absolute truth or right and wrong

Question 14

define relativism

Answer 14

states no absolute truth. such thing as right or wrong thing

Question 15

define utility-driven rationality

Answer 15

the disregard of moral values and advocates for value’ free ethics’ that places the individual ‘beyond ethics’ make themselves like God

Question 16

define individualism

Answer 16

being selfish by just looking out for ourselves and taking advantage of others for our own personal gain

Question 17

define hedonism

Answer 17

tells us not to do something if we don’t fell like doing it, we should just do what make us feel good

Question 18

define minimalism

Answer 18

tells us to do the least we can to get by

Question 19

define integrity

Answer 19

a personality trait to be truthful

Question 20

define moral development

Answer 20

is the process of distnguishing right from wrong and doing the right thing

Question 21

define the 3 levels of moral development

Answer 21

preconventional level-do whatever it takes to gain rewards, and only follow rules to AVOID punishment

conventional level- copycat leaders and do things to fit in and often give in to peer pressure

postconventional level- people do the right thing regardless of the norms of leaders or team.

Question 22

define whistleblower

Answer 22

to report unethical behavior

Question 23

what are the justifications for unethical behavior

Answer 23

1. conventional rationalization- everyone does it
   2.moral justification and euphemistic labeling- i did the bad thing for the sake of the team, leader, friend, etc.
   3.advantegous comparison- compare others who did worse
2. distortion of consquences- disregard for self consquence. think it is not that badd.. when it really is.

Question 24

define platinum rule

Answer 24

which says to treat other people as they want to be treated

Question 25

define the Four Way Test

Answer 25

an effort to fram our thinking and business action in an ethical manner. when you are faced with an ethical dilemma, ask yourself the follwoing questions:
1.is it the truth? 2. is it fair to all concerned? 3. will it build goodwill and better friendship? 4.will it be beneficial to all concerned?

Question 26

define stakeholder capitalism

Answer 26

corporates that focus on the wellbeing of their stakholders outperform than those who do not

Question 27

define enlightened of self interest?

Answer 27

companies motivated to engage in corporate socially responsible activities when the benefits outweigh the costs

Question 28

define B corps (corporations)

Answer 28

use their businesses resources to solve social and environmental problems because they clearly believe it pays to be socially responsible

Question 29

define social audit

Answer 29

measures CSR (corp socia responsibility) by what the business social objectives have been met or not

Question 30

define sustainability

Answer 30

is meeting the needs of today without sacrificing future generations’ ability to meet their needs