impact

(noun)

A significant or strong influence; an effect.

Related Terms

  • stewardship
  • core

Examples of impact in the following topics:

  • Types of Social Responsibility: Ecocentric Management

    • Corporate social responsibility, also referred to as CSR, can be described as a business's efforts to assume responsibility for its actions and to encourage a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
    • Ecocentric supporters believe that low-impact technology and self-reliance are more desirable than technological control over nature.
    • In this way, the ecocentric approach contrasts with that of a more traditional CSR environmental sustainability, which seeks to maintain economic performance while reducing the impact of those products or making parallel investments in alternatives.
    • For example, they may incorporate life-cycle assessment, a technique aimed at assessing the environmental impacts associated with all the stages of a product's life, from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling.
  • The PESTEL and SCP Frameworks

    • PESTEL and SCP frameworks are models for understanding different industry and market factors that impact strategic management.
    • Growing awareness of the potential impacts of climate change is affecting how companies operate and the products they offer, both creating new markets and diminishing or destroying existing ones.
    • This creates a linear relationship of sorts, where the structural inputs can impact the conduct and strategy of the firm, leading to better (or worse) performance.
    • This structure will provide critical inputs for the broader industry, which in turn will impact the conduct of the organization through strategic integration.
  • Considering Technology

    • Technology impacts organizational design and productivity by enhancing the efficiency of communication and resource flow.
    • Technology has also impacted supply chain management—the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain.
    • Supply chain management now has the capacity to track, forecast, predict, and refine the outbound logistics, contributing to a wide variety of logistical advantages (such as minimizing costs from warehousing, fuel, negative environmental impacts, or packaging).
  • Consequences of Workplace Stress

    • Stress can impact an individual mentally and physically and so can decrease employee efficiency and job satisfaction.
    • Physiological reactions to stress can have a long-term impact on physical health.
  • Inside and Outside Forces for Organizational Change

    • Competition - Changes in the competitive landscape, such as new incumbents, mergers and acquisitions, new product offerings, and bankruptcies, can substantially impact a company's strategy and operations.
    • Companies in industries that impact the environment must constantly strive to adapt to cleaner and more socially responsible operating methodologies.
    • Management Change - New CEOs or other executive players can significantly impact strategy and corporate culture.
  • Introduction to Corporate Social Responsibility

    • Organizations that embrace CSR hold themselves accountable to others for their actions and seek to make a positive impact on the environment, their communities, and the larger society.
    • Many organizations seek to have an even greater impact through CSR initiatives that integrate social values into operational and business strategies.
    • Measures include amount of expenditures or investment, degree of executive engagement, impact of implementation, and CSR outcomes relative to objectives.
  • Arguments for and against Corporate Social Responsibility

    • Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
    • Proponents of CSR argue that socially responsible practices can have a positive impact on the organization by improving employee recruitment and retention, managing environmental risks by reducing harmful accidents, and differentiating brand to achieve greater consumer loyalty.
  • The Impact of Interpersonal Conflict on Team Performance

  • Noise as a Barrier to Communication

    • The efficacy of communication is impacted by how much noise there is in the communication channel.
  • Setting Transparency Norms

    • For example, managers who voluntarily share with environmental activists information related to the firm's ecological impact are practicing disclosure.
    • Examples of decisions to increase corporate transparency include when a firm voluntarily shares information about their ecological impact with environmental activists; actively limiting the use of technical terminology, fine print, or complicated mathematical notations in the firm's correspondence with suppliers and customers; and avoiding bias, embellishment, or other distortions of known facts in the firm's communications with investors.
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