Lesson 2 part 2 Flashcards
is critical to ensuring that resources are used efficiently, problems are solved promptly, and the organization can adapt to changing circumstances and opportunities.
Effective managerial decision-making
is an open and social system that transforms inputs from the environment to product outputs.
Organization
Management Decision Makin
- Identify Problem or Opportunity
- Develop Alternate Solution
- Select an Alternate
- Implement Solution
- Evaluate Solution
It is also known as an enterprise
Organization
The organizing process
-Formulating objectives,policies, and plans
- Identifying and classfying tasks
- Grouping tasks
- Delegating authority
- Coordinating authority
The relationship is based on a structure of roles that aims to achieve organizational goals consciously and deliberately.
Formal organization
It develops as naturally as people interact. It does not appear on the organization chart because the relationship is based on joint personal activities among people.
Informal organization
is the process by which managers establish the structure of working relationships among employees to allow them to achieve organizational goals efficiently and effectively.
Organizing
It is a formal system of task and reporting relationships that coordinates and motivates organizational members to work together to achieve organizational goals.
Organizational Structure
Organized around a specific Project with teams formed for the project duration.
Type of Organizational Structure
Project-based Organization
- Structured by specialized function (Marketing, Finance, HR)
Type of Organizational Structure
Functional Organization
Divided by product lines, markets, or geographical areas. (Ex. GE - Healthcare, aviation, and energy.)
Type of Organizational Structure
Divisional Organization
Combines functional and divisional structures with dual reporting lines. (Ex. Employee may report to both project manager and department head)
Matrix Organization
– Minimal levels of management, emphasizing a broad span of control and employee autonomy.
Type of Organizational Structure
Flat Organization
Traditional structure with a clear chain of command
Type of Organizational Structure
Hierarchical Organization
A flexible structure where various independent organizations collaborate.
Type of Organizational Structure
Network Organization
Assigning work to a subordinate to complete certain tasks on the manager’s behalf.
Elements of Delegation of Authority
Responsibility
is the power to make decisions. The manager can also pass his authority to the subordinates to accomplish the task efficiently and independently
Elements of Delegation of Authority
Authority
means checking your subordinates if they are performing their responsibilities.
Elements of Delegation of Authority
Accountability
