MANAGEMENT & ORGANIZING Flashcards

1
Q

-Is part of business plan focuses less on the business itself and more on the people behind it.
-sometimes called as organizational management or business management that refers to the activity involved in the fourth general function like planning, organizing, leading and controlling

A

MANAGEMENT AND ORGANIZATION

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2
Q

Four general function:

A

PLANNING
ORGANIZING
LEADING
CONTROLLING

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3
Q

Organizing resources to achieve the goals in an optimum fashion

A

ORGANIZING

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4
Q

Including identifying goals, objectives, methods, resources needed to carry out methods, responsibilities, and dates for completion of tasks.

A

PLANNING

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5
Q

Organization systems process and structures to reach effectively and efficiently each goals and objectives.

A

CONTROLLING

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6
Q

Set directions for the organization groups and individuals and also influence people to follow that direction.

A

LEADING

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7
Q

In this part of business plan to entrepreneur must include the following information accordingly:

A

-BUSINESS NAME AND LOGO
-VISION, MISSION AND OBJECTIVES OF THE BUSINESS
-ORGANIZATIONAL CHART
-PROFILE OF THE OWNER, MANAGEMENT AND WORKER OR MANAGEMENT SUMMARY.

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8
Q

-It is the first thing customers see.
- it sums up everything about your business.
- it is your unique position on your industry.

A

BUSINESS NAME

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9
Q

A first seen in all of the company letterhead communicators marketing and advertising pieces of a business as a graphic representation of a symbol for the company.

A

BUSINESS LOGO

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10
Q

Types of logo

A

TEXTUAL LOGO
ILLUSTRATED LOGO
SYMBOLIC LOGO
COMBINATION LOGO

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11
Q

An idealized state that the enterprise wants to achieve at a specific future time.

A

VISION

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12
Q

Is the purpose for being of the enterprise. Focuses less on what activities happen on the business and more on what the business will accomplish for its customer employees and owners and describe what customers need will be filed.

A

MISSION

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13
Q

Are also used in some establishment to illustrate the scalability of each position which can also serve to motivate employees. It must displayed in a visible place and printed in large legible type so that each worker can see it

A

ORGANIZATIONAL CHART

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14
Q

Two basic types of organizational chart

A

FLAT ORGANIZATIONAL STRUCTURE
HIERARCHICAL ORGANIZATIONAL STRUCTURE

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15
Q

-The smartest, most responsible path a business owner can take
-there is role clarification, job description, and a hierarchy for one something goes.

A

HIERARCHICAL ORGANIZATIONAL STRUCTURE

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16
Q

Relies on self management in a small business it generally the owner with everyone reporting to that owner.

A

FLAT ORGANIZATIONAL STRUCTURE

17
Q

Four basic steps in creating an organizational chart

A

-DECIDE HOW TO STRUCTURE YOUR BUSINESS ORGANIZATIONAL CHART
-COLLECT EMPLOYEE INFORMATION AND CATEGORIZE THE DATA
-DECIDE HOW YOU’LL COMPLETE YOUR BUSINESS ORGANIZATIONAL CHART
- FILL IN YOUR BUSINESS ORGANIZATIONAL CHART AND FILE IT SECURELY

18
Q

Part of the chapter 2 is the continuation or the narrative description of the organizational chart.

It contains the personal or basic information, education, related experiences and expertise in the industry

It basically describes the business structures pointing out the individuals that are involved.

A

PROFILE OF THE OWNER MANAGEMENT AND WORKER

19
Q

What should be contained in a management summary:

A

THE HEAD OF THE TEAM
THE TEAM
BUSINESS STRUCTURE
THE BOARD
EXTERNAL PROFESSIONALS