Answer to Test Yourself on Management Viewpoints and Theories (Continued)

13.        How is globalization affecting the way managers do their jobs?

            Management is no longer constrained by national borders, and managers in organizations of all sizes and types around the world are faced with the opportunities and challenges of operating in a global market.

14.        What is workforce diversity, and what implications does it have for managers?

            Workforce diversity exists when workers are more heterogeneous in terms of gender, race, ethnicity, age, and other characteristics that reflect their differences. It’s an important issue because as more women, minorities, elderly, and immigrants enter the job market in the first part of the 21st century, monumental changes are predicted in the workplace.

15.        Discuss the three important themes in the definition of entrepreneurship?

First, is the pursuit of opportunities, because entrepreneurship is about pursuing environmental trends and changes that no one else has seen or paid attention to.

            Second, is innovation, because entrepreneurship involves changing, revolutionizing, transforming, and introducing products or services or new ways of doing business.

            Third, is growth, because entrepreneurs are not content to stay small or to stay the same in size.

16.        How is e-commerce different from e-business, and what are the main forms of e-commerce transactions?

            E-business is more than e-commerce, although e-business can include e-commerce. E-business is a comprehensive term describing the way an organization does its work by using electronic linkages with its key constituencies. The main forms of e-commerce transactions are busi­ness-to-business, business-to-consumer, consumer-to-consumer, and government-to-business.

Previous

TOC

Next