Lesson 6 - What is an organization? Flashcards
1
Q
What is an organization?
A
- Collection of people working together in a division of labour to achieve a common purpose
- Sizes vary
- Should return value to society and satisfy customer needs
2
Q
Ex of organization
A
Quality products, customer satisfaction…
3
Q
What is synergy?
A
- The interaction of 2 or more agents or forces so that their combined effect is greater than the sum of their individual effects
- Pooling together of talents and efforts
- Enables members to perform tasks far beyond the reach of individual accomplishment
4
Q
Benefits of synergy
A
- More resources for problem solving
- Improved creativity and innovation
- Improved quality of decision making
- Greater commitments to tasks
- Better control and work discipline
- More individual need satisfaction
5
Q
What does the environment supply to an organization
A
Resource inputs
- People
- Money
- Materials
- Tech
- Info
6
Q
What does the organization create with its supplies
A
Transformation Process
- Work activities turn resources into outputs
7
Q
What does the environment consume and provide customer and client feedback back to the organization?
A
Product outputs
- Finished goods and/or services
8
Q
What are organizations as systems?
A
- Organizations are systems composed of interrelated parts that function together to achieve a common purpose
9
Q
What is an open system?
A
- Open system: transforms resource inputs (i.e. raw materials) from the environment into product outputs (ie: finished goods)
10
Q
Why is the external environment important?
A
It is the supplier of resources and source of customers
