ORGB364- Chapter 1-4 Definitions

ORGB364- Chapter 1-4 Definitions Corporate social responsibility (CSR) - answerOrganizational activities intended to benefit society and the environment beyond the firm's immediate financial interests or legal obligations. Deep-level diversity - answerDifferences in the psychological characteristics of employees, including personalities, beliefs, values, and attitudes. Ethics - answerThe study of moral principles or values that determine whether actions are right or wrong and outcomes are good or bad. Evidence-based management - answerThe practice of making decisions and taking actions based on research evidence. Globalization - answerEconomic, social, and cultural connectivity with people in other parts of the world. High-performance work practices (HPWP) - answerEffective organizations incorporate several workplace practices that leverage the potential of human capital. Human capital - answerThe stock of knowledge, skills, and abilities among employees that provide economic value to the organization. Intellectual capital - answerA company's stock of knowledge, including human capital, structural capital, and relationship capital. Learning orientation - answerBeliefs and norms that support the acquisition, sharing, and use of knowledge as well as work conditions that nurture these learning processes. Open systems - answerOrganizations depend on the external environment for resources, affect that environment through their output, and consist of internal subsystems that transform inputs to outputs. Organizational behaviour (OB) - answerThe study of what people think, feel, and do in and around organizations. Organizational effectiveness - answerA broad concept represented by several perspectives, including the organization's fit with the external environment, internal subsystems configuration for high performance, emphasis on organizational learning, and ability to satisfy the needs of key stakeholders.