Ecocentric Management - Its goal is the creation of sustainable economic development and improvement of quality of life worldwide for all organizational stakeholders.
Economic Responsibilities - To produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.
Economies of Scope - Economies in which materials and processes employed in one product can be used to make other, related products.
Egoism - An ethical system defining acceptable behavior as that which maximizes consequences for the individual.
Emotional Intelligence - The skills of understanding yourself, managing yourself, and dealing effectively with others.
Employment-At-Will -The legal concept that an employee may be terminated for any reason.
Empowerment - The process of sharing power with employees, thereby enhancing their confidence in their ability to perform their jobs and their belief that they are influential contributors to the organization.
Entrepreneur - Individual who establishes a new organization without the benefit of corporate sponsorship.
Entrepreneurial Orientation - The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services.
Entrepreneurial Venture - A new business having growth and high profitability as primary objectives.
Entrepreneurship - The pursuit of lucrative opportunities by enterprising individuals.
Environmental Scanning - Searching for and sorting through information about the environment.
Environmental Uncertainty - Lack of information needed to understand or predict the future.
Equity Theory - A theory stating that people assess how fairly they have been treated according to two key factors: outcomes and inputs.
Ethical Climate - In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong.
Ethical Issue - Situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong.
Ethical Leader - One who is both a moral person and a moral manager influencing others to behave ethically.
Ethical Responsibilities - Meeting other social expectations, not written as law.
Ethics - The system of rules that governs the ordering of values.
Ethnocentrism - The tendency to judge others by the standards of one’s group or culture, which are seen as superior.
Executive Champion - An executive who supports a new technology and protects the product champion of the innovation.
Expatriates - Parent-company nationals who are sent to work at a foreign subsidiary.
Expectancy - Employees’ perception of the likelihood that their efforts will enable them to attain their performance goals.
Expectancy Theory - A theory proposing that people will behave based on their perceived likelihood that their effort will lead to a certain outcome and on how highly they value that outcome.
External Audit - An evaluation conducted by one organization, such as a CPA firm, on another.
External Environment - All relevant forces outside a firm’s boundaries, such as competitors, customers, the government, and the economy.
Extinction - Withdrawing or failing to provide a reinforcing consequence.
Extrinsic Rewards - Rewards given to a person by the boss, the company, or some other person.