All Flashcards
Organizations
Collections of people who work together and coordinate their actions to reach goals.
Social Economy
The concept of organizations that work toward a goal that benefits the community over profit.
Blended Value
Organizations that create both a social impact and economic value.
Collective impact
Public, Private, and nonprofits that work together to solve social issues.
Management
Planning, organizing, leading, and controlling of resources to achieve goals effectively and efficiency.
Resources
Company assets such as staff, machinery, materials, etc.
Manager
A person responsible for supervising resources.
Organizational performance
Measure of how efficiently and effectively a manager uses resources to satisfy customers and goals.
Effectiveness
A measure of the appropriateness of the goals in an organization is pursuing and the degree to which the organization achieves those goals
Efficiency
How well resources are used to achieve goals.
Planning
Identifying and selecting appropriate goals and courses of action.
Step 1 in the planning process
Deciding which goals to pursue
Step 2 in the planning process
Analyzing the organizational environment for threats and opportunities
Step 3 in the planning process
Deciding what course of action or strategy to adopt
Step 4 in the planning process
Deciding how to allocate resources to implement the plan.
Step 5 of the planning process
Evaluating if the goal was achieved using this strategy
Performance Level
How effective and efficient the organization is at achieving its goals.
Strategy
Cluster of decisions about what goals to pursue, actions to take, and resources to use.
Organizing
Structuring workplace relationships so staff work together to achieve goals.
Organizational Structure
Formal system of task and reporting that coordinates and motivates staff to work together and reach goals.