Please Define the Following Key Terms

question 42

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-hegemony

Appreciate the relevance of stakeholder attributes in entrepreneurship.

Grasp the concepts of earned-income activities and venture philanthropy in funding social ventures.

Recognize the potential of microloans to enable entrepreneurship in poverty-stricken areas.

Understand the principles of entrepreneurship applied to achieve social and economic value.

---

Definitions:

Standardization

Involves establishing uniform procedures, criteria, or specifications within organizations to ensure consistency and efficiency.

Coordinating Mechanism

A system or process used to ensure different parts of an organization work together efficiently towards common goals.

Organizational Design

The process of structuring an organization's roles, responsibilities, and systems to achieve its goals effectively and efficiently.

Direct Supervision

A management style where a supervisor is directly involved in the oversight and direction of employees' work on a day-to-day basis.