CM Midterms Flashcards
The driving force behind every organization is its
management team
the owner is usually the
manager
he has daily contact with all people of his organization, he’s the one who establish policies
owner/ manager
a group of indiv who are cooperating willingly and effectively for a common goal
organization
seeks to know who is to do and what is to be doe
organization
structured to promote better managemtn
organization
ideal setup
combi of good org and good executive
formal arrangements that are established to coordinate all activities in order to implement a given strategy
structural organization
reflects the anatomy of a firm through its focus on mechanisms and processes that link both vertically and horizontally the various parts of an org.
structure
structural elements of org
men, materials, machine, methods, money
major elemets of org structure
distribution of functions, vertical and horizontal authority relationships, comm and decision process, policies
common failure of management
failure to adapt its org strcutur, policies and procedure to the growth and size complexity of the enterprise
diff members of org starting from the very top of the last workman in the enterprise
men
represents the mats necessary in the distrubution of functions or in the attainment of its objectives
materials
the tools necessary in producing its desired output
machine
the procedures and ways used in the course of actions
methods
the financial resources of organization
money
the functions to be performed, the groupings of functions, and the vertical and horizontal task relationship among functions
distribution of functions
who are the authority to do what
vertical and horizontal authority relationships
the manner in which formal decisions are made and by whom
comm and decision processes
the decision, rules, or guidelines established
policies
acc to ___, Traditional structures are no longer adequate for today’s complex orgs.
Peter Drucker
has conditions peculiar to itself
business organization
Principles of Good Organization
Principle of Objective, Analysis, Simplicity, Functionalism, Departmentalization, Centralization of Authority and responsibility, Limited Span of Control
a clear and complete definition of the objective must be known
principle of objective
a sound business judgement attempts to build an org thorugh full knowldge of the reqs of business. there should be a study as to whether the proj could be finished at the right time and at the right price the client will be able to pay.
analysis
the simplest org that will serve to attain the desired obj is considered the best
simplicity
the org should be built around the main function of the business and not thru indivs
functionalism
in org, scope of operation can be broad, necessisating ____ to achieve a smoother flow of operations. ___ can be thru functions, products, location, or by projs of the org.
departmentalization
in every org there should be centralized exec control or command authority
Centralization of Authority and responsibility
the number of subordinates and exceutive can manage effectivrly
Limited Span of Control
had been defined as an org of ppl with varied skills, whixh uses capital and talents to produce goods or services which can be sold to others more than their cost
Business
the process of directing and facilitating the work of people who are organized for a common purpose.
management is a process
it is the function of getting things done thru the efforts of others. it is the application of authority and assumption of responisbility.
management is a function
management to be effective must be___. Things can be done better by means of plan and action.
systematic.
managment to be successful must be ___.
scientific.
management must be ___. where machine may
humanistic.
acc to Webster, to check or regulate.. to keep within limits
control
no two companies are
identical
creative force for exec cntrl
long range planning
important element of executive cntrl
effective comm system
most difficult and highest degree of responsibility
manager as executive
specific function of manager
to plan
to organize
to direct
to control
job of making things happen otherwise not occur
-an intellectual process
-direction of action
planning
guiding and overseeing subordinates
directing
in directing, two prcess enter the pic:
leadership and coordination