Key Terms Ch 8 Flashcards
The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance
Accountability
The legitimate right to make decisions and to tell other people what to do
Authority
A person who assembles and coordinates participants in a network
Broker
An organization in which high-level executives make most decisions and pass them down to lower levels for implementation
Centralized Organization
The procedures that link the various parts of an organization for the purpose of achieving the organization’s overall mission
Coordination
Units interact with one another to make accommodations to achieve flexible coordination
Coordination by mutual adjustment
Interdependent units are required to meet deadlines and objectives that contribute to a common goal
Coordination by plan
The role of a corporation’s executive staff and board of directors in ensuring that the firm’s activities meet the goals of the firm’s stakeholders
Corporate Governance
An organization in which lower-level managers make important decisions
Decentralized Organization
The assignment of new or additional responsibilities to a subordinate
Delegation
Subdividing an organization into smaller subunits
Departmentalization
An aspect of the organization’s internal environment created by job specialization and the division of labor
Differentiation
the assignment of different tasks to different people or groups
Division of Labor
Departmentalization that groups units around products, customers, or geographic regions
Divisional Organization
Temporary arrangements among partners that can be assembled and reassembled to adapt to the environment
Dynamic Network