Organizations that provide goods and services without having a profit motive

Companies that create value by making “things,” most of
which are tangible

Companies that create value by performing activities that deliver some
benefit to customers

Target customers, buying influences, and competitor

Conditions and forces that affect the cost and availability of goods,
services and labor

Forces from the practical application of science to innovations,
products and processes

Laws and regulations that restrain, support, and protect
business at local, state, national and international level

Population trends, social values and behaviors, relationship of society
and business

Any company that uses digital systems as one of the foundations of its value-creation processes, regardless of what industry it is in or what product it makes

Development so fundamentally different and far reaching that it can create new professions, companies, or even entire industries while damaging or destroying others

Process of reimagining a company's business model and operations to become a digital enterprise

land, forests, minerals, water, and other tangible assets usable in their natural state

all the people who work in an organization or on its behalf

the funds that finance the operations of a business as well as the physical, human-made elements used to produce goods and services

the combination of innovation, initiative, and the willingness to take the risks required to create and operate a new business

expertise gained through experience or association

rivalry among businesses for the same customers

a situation in which so many buyers and sellers exist that bio single buyer or seller can individually influence market prices

a situation in which one company dominates a market to the degree that it can control prices

a situation in which many sellers differentiate their products from those pf competitors in at least some small way

a market situation in which a very small number of suppliers, sometimes only two, provide a particular good or service

The "natural" flow of workers into and out of jobs.

A mismatch b/w worker's skills and current employers needs.

Caused by economic fluctuations

occurs when demand for goods and services drops & businesses reduce production

Predictable increases and decreases in the need for workers in industries with seasonal fluctuations with customer demand

Firms that offer a variety of services related to initial public stock offerings,
mergers and acquisitions, and other investment matters

Financial institutions that accept deposits, offer various types of checking
and savings accounts, and provide loans

Banks that provide financial services to consumers

Government policies aimed at shielding a country's industries from foreign competition

Limits placed on the quantity of imports a nation will allow for a specific product

A total ban on trade with a particular nation (a sanction) or of a particular product

Charging less then. the actual cost or less than the home-country price for goods sold in other countries

A form of financial assistance in which producers receive enough money from the gov't to allow them to lower their prices to compete in the global market

Permanant forum for negotiating, implementing, and monitoring international trade procedures, and for mediating trade disputes in the 150 member countries

Formed to monitor global financial developments, provide technological advice and training, provide short-term loans to countries that are unable to meet their financial obligations, and work to alleviate poverty in developing economies

Group of five financial institutions whose primary goals are eradicating the most extreme levels of poverty around the world and raising the income of the poorest people in every country as a way to foster shared prosperity for everyone

Aims to address concerns including automotive tariffs, labor laws, and market access for U.S. farm products

-Constitutes more than two dozen countries and a half billion people
◦ Now accounts for the world’s largest economy
◦ EU nations have eliminated hundreds of local regulations, variations in product standards,
and protectionist measures that once limited trade among member countries

an organization of 21 countries working to
liberalize trade in the Pacific Rim (the land areas that surround the Pacific Ocean).

Assigning a wide range of generalized attributes, which are often
superficial or even false, to an individual based on his or her membership to a
particular culture or social group

Judging all other groups according to the standards, behaviors, and
customs of one’s own group

The practice of accepting multiple cultures on their own terms

Buying and selling goods and services across national borders, without establishing a physical or legal business presence in other countries

Licensing intellectual property such as a design patent a company in another country, which then produces the product and sells it locally

Selling the rights to use an entire business system, such a fast-food restaurant, including the brand name and internal processes

Forming a long-term businesses partnership with a local company in an new market or creating a new company with a local partner

Buying an established company or launching a new company in another country

Decentralized control, with individual divisions or subsidiaries in various countries free to pursue strategies that align with local markets

Centralized control and single approach, applied as uniformly as possible around the world

Pursues economies of scale through uniform globalized activities that are adapted as needed to local conditions

a company that is owned by two or more people but is not a corporation

all partners have joint authority to make decisions for the firm and joint
liability for the firm’s financial obligation

one or more persons act as general partners, run the business, and
have the same unlimited liability as sole proprietors The remaining owners are limited partners who do not
participate in running the business and who have limited liability—the maximum amount they are liable for is
whatever amount each invested in the business

each partner has unlimited liability only
for his or her own actions and at least some degree of limited liability for the partnership as a whole

business venture in the form of a publicly traded limited
partnership. It combines the tax benefits of a private partnership with the liquidity of a publicly
traded company

combines the capital-raising options and limited
liability of a corporation with the federal taxation advantages of a partnership

A structure that combines limited liability with the pass-
through taxation benefits of a partnership

A profit-seeking corporation whose charter specifies a social or
environmental goal that the company must pursue in addition to profit

An action taken by two companies to combine and perform as a single entity

An action taken by one company to buy a controlling interest in the voting stock
of another company

Acquisition of another company against the wishes of management

Acquisition of a company’s publicly traded stock, using funds that are primarily borrowed, usually with the intent of using some of the acquired assets to pay back the loans used to acquire the company

Skills required to understand other people and to interact effectively with
them

The ability and knowledge to perform the mechanics of a particular job

The ability to understand the relationship of parts to the whole

The ability to identify a decision situation, analyze the problem, weigh the alternatives, choose an alternative, implement it, and evaluate the results

a period of orientation and ice-breaking

members show more of their personalities and become more assertive in establishing their roles

conflicts are resolved and team harmony develops.

members are really committed to the team’s goal

the resolution of issues and the dissolution of the team

Grouping workers according to the similarity in their skills, resource use, and
expertise

Grouping departments according to similarities in product, process, customers, or
geography

A structure in which employees are assigned to both a functional group and a project team (thus using functional and divisional patterns simultaneously)

A structure in which individual companies are connected electronically to perform selected tasks for a small headquarters organization

Focuses on task accomplishment over human needs

Focuses on both task accomplishment and human needs

Contributes little to either task or people's needs of team

Focuses on people's needs over getting things done