2.2 Organisation And Management Flashcards
What is span of control
The number of people a manager is directly responsible for
What is delegation
The passing of responsibility to a subordinate
It helps workers to become empowered
Managers who delegate have a wide span of control
Describe flattening the organization
Shorten the chain of command, empower worker and remove layers of hierarchy
Become less hierarchical
Worker may feel important and motivated and the business save on costs and become more efficient
What is the functions of manager
To make plans
Co-ordinate plans and tasks
Organize the way in which tasks are carried out
Direct and lead staff
Produce reports and get ppl to carry out the required task
Identify problems and sort them out
Describe the AGM Annual general meeting
Meet once a year
Shareholders have the power to emote the board of director
Vote to replace
Shareholders have the choice to question the decision made by the BOD
They can got out the director or the entire board
The BOD report to the shareholders on the financial performance of the business over the past years