the local&international business environment of the firm // forms of business organizations Flashcards
a collection of people working together to achieve a common purpose
organization
a collection of people working together to achieve a common purpose in relation to their organization’s mission, vision, goals, and objectives, sharing a common organizational culture
business organization
the set of beliefs and values shared by organization members which guide them as they work together to achieve their common purpose
organizational culture
is an individual’s ability to favorably receive and adjust to an unfamiliar way of doing things.
cultural intelligence
an anthropologist, as cited by Schermerhorn (2008), noted that the way people approach and deal with time varies across cultures.
Edward T. Hall
refer to cultures wherein people tend to do one thing at a time. These cultures emphasize punctuality and sticking to set rules.
monochronic culture
are more flexible as regards time; accomplishing many different things at once is also common for these cultures.
polychromic cultures
enumerate the five cultural dimensions
power distance uncertainty avoidance individualism -- collectivism masculinity -- femininity time orientation
the degree to which a society values assertiveness and feelings of material success versus concern for relationships.
masculinity – femininity
the degree to which society is uncomfortable with risk, change, and situational uncertainty.
uncertainty avoidance
the degree to which a society emphasizes short – term thinking versus greater concern for the future or long – term thinking.
time orientation
the degree to which a society accepts or rejects the unequal distribution of power among people in organizations and the institutions of society.
power distance
the degree to which a society emphasizes individual accomplishments versus collective accomplishments.
individualism – collectivism
enumerate the changing forms of business organizations
simple business organization functional business organization divisional business organization profit business organization non profit business organization open/flexible business organization
business organizations that group together those with similar or related specialized duties that introduce the concept of delegation of authority to functional managers
functional business organization
business organizations designed for the purpose of achieving their organizations’ mission, vision, goals, and objectives and maintaining their organizational stability through income generation and profit –making activities.
profit business organization
business organizations with few departments, centralized authority with a wide span of control, and with few formal rules and regulations. these are also easy to manage.
simple business organization
business organizations made up of separate business units that are semiautonomous or semi independent, with a division head responsible for his or her unit’s
performance.
divisional business organization
business organizations designed for the purpose of achieving their organizations’ mission, vision, goals, and objectives, providing service to clients without expecting monetary gains or financial benefits for their endeavors.
non profit business organization
formed to meet today’s changing work environment. These affect and are affected by the environment and change, therefore, becomes inevitable
open/flexible business organization
in matrix business organization, it exhibits dual reporting relationships in which manager report to two superiors. the ________ and the _________
functional manager and divisional manager
