Chapter 2 Flashcards
Management hierarchy
Is the arrangement that provides increasing authority at higher levels of the hierarchy
Management structure
Is a term used to describe the ways in which the management, employees and resources of an organisation are formally arranged to achieve objectives
A chain of command
Or line authority is a system that determines responsibility, supervision and accountability of member of the organisation.
The principle of Unity of command
States that each employee within an organisation should report to only one supervisor.
Span of control
Refers to the number of people for whom a manager is directly responsible.
Functional structure
Involves grouping employees together according to the tasks or jobs they will perform (task structure)
A divisional structure
Groups employes together according to division that may be geographical, or customer, product process focused
The matrix structure
Involves bringing togeather specialists from different parts oft he organisation to solve specific problems or to undertake specific projects in teams.
Corporate culture
Refers to the values, ideas, expectations and beliefs shared by members of the organisation.
Planning
Is the process of setting objectives and deciding on the methods to achieve them
Strategic planning
Is long-term planning, usually over two to five years
Tactical planning
Is flexible, adaptable, medium-term planning, usally over one to two years, which assists in implementing the strategic plan.
Operational planning
Provides specific details about he way in which the organisation will operate in the short term.
A SWOT analysis
Involved the identification and analysis of the internal strengths and weaknesses of the organisation, and the opportunities in, and threats from, the external environment
Organising
Is the process of arranging resources and tasks to achieve objectives.