Topic 1 Flashcards
Business Ethics
The values and principles that are used to evaluate whether the collective behavior of an organization’s members is appropriate.
Consequentialist Theories
A consequentialist theory of ethics evaluates the rightness or wrongness of an action based on the consequences of that action.
Culture
A culture represents an organization’s value system. It includes factors such as employees’ willingness to work, their ethics, how the organization thinks they should be treated, and so on.
Deontological Theories
Deontological theories of ethics evaluate the rightness or wrongness of an action based on how well that action conforms to some rule or principle, regardless of the consequences.
External Environment
The factors that organizations and their managers have no control over, such as legislation, changes in technology, competition, and so on.
For What Does the Acronym SWOT Stand?
Strengths, Weaknesses, Opportunities, and Threats
HR
Abbreviation for Human Resources, often referring to the department charged with overseeing an organization’s personnel or human resources.
HR Generalists
HR generalists usually provide guidance to employees, support management, and serve as a source of help and information on human resource matters.
HR Is Influenced By What Four Internal Environment Factors?
- Culture; shaped by top management values 2. Technology; refers to the firm’s equipment and knowledge 3. Organizational structure 4. Organizational size
HR Specialists
HR specialists are responsible for specific human resource management functions within an organization, such as recruiting, training, or compensation.
HRM
Abbreviation for Human Resource Management
Human Resource Management
Human resource management, or HRM, is responsible for the recruitment, selection, training, and motivation of the organization’s employees. Therefore, HRM is concerned with the fundamental task of defining and analyzing jobs in organizations.
Internal Environment
Factors that organizations control as they interact in the global marketplace, such as culture, product development, and strategy.
Millennials
People born between 1980 and 2000, considered to value being recognized for their individual contributions within a team. They generally seek work that is productive and meaningful; leading-edge, innovative technology that supports information sharing; the ability to receive continuing education; the opportunity to voice opinions on workplace situations; and workplace flexibility in scheduling, attire, and work arrangements. They are especially resistant to authority due to cynicism regarding managerial decisions.
Moral Philosophy
The principles, rules, and values that individuals use in deciding what is right or wrong.