Merger: Joining ownership of two organizations
Acquisition: The Transfer of ownership and control of one organization to another Ethics: A set of rules or principles that defines right and wrong behavior Code of Ethics: A formal document that states an organizations primary values and ethical rules it expects organizational members to follow. Offshoring: The process of moving jobs out of one country and into another country. Work Process engineering: Radical, Quantum change in an organization. Quality Management: Organizational commitment to continuous process of improvement that expands the definition of customer to include everyone involved in the organization from the truck drivers to accountants. Continuous Improvement: Organization’s commitment to constantly improving quality of products or services. Kaizen: The Japanese term for an organization’s commitment to continuous improvement. Core Employee’s: An organizations full-time employee population. Downsizing: An activity in an organization aimed at creating greater efficiency by eliminating certain jobs. Rightsizing: Linking Employee needs to an organizational strategy. Outsourcing: Sending Work “outside” the organization to be done by individuals not employed full-time with the organization . Contingent Workforce: The part time, temporary, and contract workers used by organizations to fill peak staffing needs or perform work not done by core employees. Baby Boomers: individuals born between 1946 and 1965.
Work Force Diversity: The varied personal characteristics that make that workforce heterogeneous. Knowledge Workers: individuals whose jobs are designed around the acquisition and application of information. Globalization: A process of interaction and integration among people, companies and governments of different nations, driven by international trade and investment, accelerated by information technology. Globalization:
•1.0: extends from Columbus’s 1492 discovery of the...