BADM 4950 (ch 6,7,8,9)

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  1. Globalization
    the movement of goods, services, and capital across national borders.
  2. Anti-Americanism
    Opposition to the United States of America, or to its people, principles, or policies
  3. central state control (system)
    a socioeconomic system in which economic power is concentrated in the hands of government officials and political authorities. the central government owns the property that is used to produce goods and services, and most private markets are illegal
  4. collaborative partnership
    alliances among business, government, and civil society organizations; social organizations that do not have a commercial or governmental purpose
  5. constructive engagement
    when transnational corporations operate according to strong moral principles and become a force for positive change in other nations where they operate
  6. debt relief
    the idea that the world's richest nations should forgive poor nations' obligation to pay back loans.
  7. democracy
    a form of government in which power is vested in the people and exercised by them directly or by their elected representatives
  8. foreign direct investment
    when a company, individual or fund invests money in another country
  9. free enterprise system
    a socioeconomic system based on private ownership, profit-seeking business firms, and the principle of free markets
  10. international financial and trade institutions
    institutions, such as world bank, international monetary fund, and world trade organization, that establishes the rules by which international commerce is conducted
  11. international monetary fund
    an international financial institution that lends foreign exchange to member nations so they can participate in global trade
  12. military dictatorship
    a repressive regime ruled by a dictator who exercises total power through control of the armed forces
  13. nongovernmental organizations (NGOs)
    organizations that do not have a governmental or commercial purpose, such as religious, community, family, and interest-group organizations. also called civil society or civil sector organizations
  14. transnational corporation
    corporations that operate and control assets across national boundaries
  15. world bank
    an international financial institution that provides economic development loans to member nations
  16. world trade organization
    an organization of member nations that establishes the ground rules for trade among nations
  17. balanced scorecard
    an approach focusing on a set of key financial and non financial indicators to account for an organization's short-term and long-term accomplishments
  18. bottom of the pyramid
    the world's poor; also refers to creative business actions to develop products and services that meet the needs of the world's poor
  19. citizenship profile
    choosing a configuration of a citizenship activities that fits the setting in which the company is working
  20. department of corporate citizenship
    a department created in a business to centralize under common leadership wide-ranging corporate citizenship functions
  21. global corporate citizenship
    refers to putting an organization's commitment to social and environmental responsibility into practice worldwide
  22. social equity
    determined by assessing the company's social benefits and costs, as revealed by a social performance audit
  23. social performance audit
    a systematic evaluation of an organization's social, ethical, and environmental performance
  24. transparency
    clear public reporting of an organization's performance to various stakeholders
  25. triple bottom line
    the measurement of an organization on the basis of its economic results, environmental impact, and contribution to social well-being
  26. antitrust laws
    laws that promote competition or that oppose trusts, monopolies, or other business combinations that restrain trade
  27. cost benefit analysis
    a systematic method of calculating the costs and benefits of a project or activity that is intended to produce benefits
  28. deregulation
    the removal or scaling down of regulatory authority and regulatory activities of government
  29. economic regulation
    the oldest form of regulation in the US, aimed at modifying the normal operations of the free market and the forces of supply and demand
  30. fiscal policy
    the patterns of spending and taxation adopted by a government to stimulate or support the economy
  31. market failure
    inability of the marketplace to properly adjust prices for the true costs of a firm's behavior
  32. monetary policy
    government actions to control the supply and demand of money in the economy
  33. natural monopoly
    where a concentration of the market is acquired by a few firms due to the nature of the industry rather than because of company practices
  34. negative externalities
    when the manufacturer or distribution of a product gives rise to unplanned or unintended costs (economic, physical or psychological) borne by consumers, competitors, neighboring communities or other business stakeholders
  35. public policy
    a plan of action undertaken by government officials to achieve some broad purpose affecting a substantial segment of the public
  36. regulation
    the action of government to establish rules by which industry or other groups must behave in conducting their normal activities
  37. reregulation
    the increase or expansion of government regulation on activities where regulatory activities had previously been reduced
  38. social assistance policies
    government programs aimed at improving areas such as health care and education
  39. social regulation
    regulations intended to accomplish certain social improvements such as equal employment opportunity, on-the-job safety and health, and the protection of the natural environement
  40. predatory pricing
    the practice of selling below cost to drive rivals out of business
  41. ad hoc coalitions
    the bringing together of diverse groups to organize for or against legislation or regulation
  42. advocacy advertising
    a political tool used by companies to promote their viewpoint through the media
  43. bundling
    the collection of political contributions made by an organization's stakeholders to increase the organization's ability to influence a political agent
  44. corporate political strategy
    those activities taken by an organization to acquire, develop, and use power to achieve a political advantage
  45. economic leverage
    a political tool where a business uses its economic power to threaten to relocate its operations unless a desired political action is taken
  46. lobbying
    the act of trying to directly shape or influence a government official's understanding and position on a public policy issue
  47. political action committees (PACs)
    an independently incorporated organization that can solicit contributions and then channels those fund to candidates seeking political office
  48. revolving door
    the circulation of individuals between business and government positions
  49. soft money
    funds donated to a political party to support party-building activities such as televised commercials that do no specify a candidate, get-out-the-vote drives, and opinion polling; corporate soft money contributions were outlawed in the US by the bipartisan campaign reform act of 2002
  50. trade association
    a coalition of companies in the same or related industries seeking to coordinate their economic or political power to further their agenda
  51. business roundtable
    founded in 1972, an organization of CEOs of leading corporations that study various public policy issues and advocates for laws that it believes foster vigorous economic growth
  52. 527 organizations
    these organizations provide potential contributors with a new and legal way to influence the election of a candidate or bring attention to a political issue
  53. public affairs departments
    to manage the firm's interactions with governments at all levels and to promote the firm's interests in the political process
Card Set:
BADM 4950 (ch 6,7,8,9)
2012-03-16 09:13:44
BADM 4950

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