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PBM - Chapter 7 Vocabulary (#2)

AB
Ethical Business PracticesPractices that ensure the highest standards of conduct are observed in a company’s relationships with everyone who is a part of the business or affected by the business’ activities.
Core ValuesThe important principles that guide decisions and actions in the company.
ExecutivesTop-level managers with responsibilities for the direction and success of the entire business.
Mid-managersSpecialists with responsibilities for specific parts of a company’s operations.
SupervisorsThe first level of management in a business, responsible for the work of a group of employees and some non-management duties.
Tactical ManagementA style in which the manager s directive and controlling.
Strategic ManagementA style in which managers are less directive and involve employees in decision-making.
Mixed ManagementThe combine use of tactical and strategic management styles.
Position InfluenceThe ability to get others to accomplish tasks because of the position the leader holds.
Reward InfluenceThe ability of a leader to give or withhold rewards.
Expert InfluenceInfluence that arises when group members recognize that the leader has special expertise in the area.
Identity InfluenceInfluence that stems from the personal trust and respect members have for the leader.
Mission StatementA short, specific written statement of the reason a business exists and what it wants to achieve.

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