MGT 321 Study Guide - Midterm Guide: Sole Proprietorship, Corporate Social Responsibility, Glass Ceiling
Document Summary
Intellectual capital is the collective brainpower or shared knowledge of a workforce. Competency represents your personal talents or job-related capabilities. Commitment represents how hard you work to apply your talents and capabilities to important tasks. A knowledge worker is someone whose mind is a critical asset to employers. Tech iq is the ability to use technology and to stay updated as technology continues to evolve. Globalization is the worldwide interdependence of resource flows, product markets, and business competition. Job migration occurs when firms shift jobs from a home country to foreign ones. Reshoring occurs when firms move jobs back home from foreign locations. Ethics set moral standards of what is good and right in one"s behavior. Corporate governance is the active oversight of management decisions and performance by a company"s board of directors. Workforce diversity describes workers" differences in terms of gender, race, age, ethnicity, religion, sexual orientation, and able-bodiedness.
