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International Business Management
Midterm Study
Vocabulary to Know:
Chapter 1
managers
Individuals in an organization who direct the activities of others.
operatives
People who work directly on a job or task and have no responsibility for overseeing the work of others.
organization
A systematic arrangement of people brought together to accomplish some specific purpose.
Every organization has: Goals Structure People. (Common Characteristics)
Goals – the purpose of the company
Structure – rules and regulations, writing job descriptions
People – make decisions and perform tasks to achieve the goal
management
The process of getting things done, effectively and efficiently, through and with other people.
efficiency
Means doing the task correctly, refers to the relationship between inputs and outputs;
seeks to minimize resource costs.
effectiveness
Means doing the right tasks; goal attainment.
Chapter 2
parochialism
Refers to a narrow focus in which one sees things solely through one ’s own view and
from one’s own perspective.
technology
Any equipment, tools, or operating methods that are designed to make work more efficient.
Using Technology
Integrate technology into a process for changing inputs into outputs.
Serve customers, enhance production, provide better information to decision makers.
e-commerce
Any computer transaction that occurs when data are processed and transmitted over the Internet.
E-Organizations:
– E-commerce (sales side of electronic business)
– E-business: all activities included in a successful internet-based enterprise
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