My Organisation Flashcards
Flat Organisation
1 level of authority & 1 manager
* Easy to adapt to changes
* Can make decisions quicker than larger organisations
Less Employees
Not much room for career growth
Tall Organisation
Many levels of authority
* More opportunities for employees to specialise
* Authority clear & well defined
Communication may be less effective. Difficult to change & adapt
Functional Organisation
Organisation with smaller, specialised areas
May be less cohestion. Interaction between departments limited.
Specialist skills - more effective workforce
A statement
Vision
Desired future state of the organisation
Purpose
Fundamental reason why the organisation exists
Provides a call to action for an organisation and its partners and stakeholders and provides benefit to local and global society
Values
Demonstrates how an organisation will behave whilst attempting to achieve its purpose, aims & working towards vision
Key component of culture. Strengthens organisation - guiding behaviours to support cultural change
Strategic Aims
Large goals you want to reach through your strategies
Help organisations create strategic roadmaps, initiatives, and projects that are aligned with the company’s strategy and vision
The Golden Thread Theory
What are the steps?
- Define the vision & mission
- Define the corporate plan
- Define strategic & operational plans
- Create team and individual objectives
- Evaluate & feedback on performance
Analysis
PESTLE
What does it stand for?
- Political
- Economic
- Social
- Technology
- Legal
- Environmental
MICRO Factors
Definition
Have a direct impact on an organisation
* May influence daily workings of office
* Potential to cause long-lasting effects
Includes: customers, suppliers, resellers, competitors & general public
MACRO Factors
Definition
Environment within the economy itself
Affect how all businesses operate, perform, make decisions & form strategies
External factors not controlled by the organisation
Dynamic environment, so needs to be tracked. Usually through PESTLE
Business to Business
(B2B)
Transaction between 2 businesses to products and/or services
Transactions at the wholesale level are usually business-to-business while those at the retail level are most often business-to-consumer (B2C)
Business to Customer
(B2C)
Logistics of how an organisation provides products and/or services to customers
Global/International Market
Providing goods or services outside of the country it is operating in
