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