1. Todays readings present contrasting visions of organizational morality. Reardon advances a
nuanced conceptualization of politics as an important part of any organization; Lennick and
Kiel present an idealized vision of acting in the right way. With whi
1. What is strategy and why do companies need it?
a. a unique PLAN OF ACTION that creates FIT among a companies activities
2. What is operational effectiveness and why do companies need it?
a. ability to PERFORM ACTIVITIES BETTER THAN ITS COMPETITORS
1) Scienctific Management
How does it hurt employees?
Causes demotivation in employees
Prevents employees from critically thinking
High turnover rate
Workers become isolated
Causes lack of communication between emplo
1. What is management?
a. POSITION where one COORDINATES peoples jobs to be carried out EFFICIENTLY AND
2. What is efficiency?
a. ACTION by which something is completed with LIMITED TIME AND RESOURCES
3. What is effectiveness?
a. ACTION that p
Learn the rule statements for the various torts. Here is a handy list of some of the torts! Also, learn the
relevant defenses, if any:
Defamation false statements likely to cause harm
o Libel Written
o Slander Spoken
1. What are the elements of agency?
- Principal: Employer
- Agent: employee (obligated to assist principal)
- Consent: Principal allows agent to do
- Control: Principal has full power to instruct agent to do
- Fiduciary Relationship: Prin
Civil: affects everyday lives, results in monetary damages
Criminal: crime lose liberty, go to jail
Crime: action tried at the state level and punishable by law
- Constitutional issues related to crime:
o 4th amendment: protects all person
- Employment Relationships
o Employment at will: any persons can work for anyone, also be fired
for good reason
If bad reason, can discharge claim under defamation or wrongful
Bad refusing to violate law, exercising legal right, per
Globalization involves both international business and international trade.
Emerging Markets, Developing Economies, and Advanced Economies
What are the key differences between the three major country groups of emerging
markets, developing economies and advanced economies?
Emerging Markets- former developing countries t
o The least formal form of ADR
o No rules
Gather all available information
Establish true strengths and weaknesses
Know the law
Exchange information (carefully)
Before you negotiate, try to figure out what the other side