ORGANIZATION AND MANAGEMENT Q1 Flashcards
– It involves achieving an appropriate size for effective enterprise
performance.(organizing methods)
rightsizing
These are favorable external factors that could give an organization a
competitive advantage. For instance, if a country cuts tariffs, a car manufacturer can export its
cars into a new market, which will lead to increased sales and a larger market share.(business environment of the firm)
opportunities
required skills of a manager
human skills
conceptual skills
technical skills
have few departments, centralized authority with a wide span
of control, and with few formal rules and regulations.(Forms of Business Organizations)
simple business organization
indicates filling in the different job positions in the organization’s structure; the factors
that influence this function include the size of the organization, types of jobs, the number of
individuals to be recruited, and some internal or external pressures.
staffing
Agriculture becomes more mechanized and more output is
traded. Savings and investment grow although they are still a small percentage of national
income or Gross Domestic Product (GDP). Some external funding is required - for example in
the form of overseas aid or perhaps remittance incomes from migrant workers living
overseas.(phases of economic development)
pre-conditions for take-off
This force analyzes how buyers can easily influence price decreases. This is
driven by the number of buyers in the market, the importance of each buyer to the
organization, and cost to the buyer of switching from one supplier to another. For instance, a
few powerful buyers of a business are often able to dictate terms.(posters 5 forces)
buyer power
These are commonly used in situations where adjustments
resulting from change must be made.(controlling approach)
facilitation and support
refer to national or local laws, international laws, and rules and
regulations that influence organizational management.(environmental factors)
politico-legal
This force analyzes how suppliers can easily influence price increases. This is
driven by the following factors: number of suppliers of each essential input; uniqueness of
their product or service; relative size and strength of the supplier; and cost of switching from
one supplier to another.(posters 5 forces)
supplier power
These are often the quickest and most inexpensive
solution when there is resistance.(controlling approach)
manipulation and co-optation
It is a planning tool used to diagram activities in
sequence from start to finish.(planning tool)
activity network diagram(AND)
are those who work for an employer in exchange for salaries/wages or non-
monetary benefits.(business environment focus)
employees
This force examines the intensity of competition in the market place. This
is driven by the number and capability of competitors in the market. Rivalry competition is
high when there are few businesses equally selling a product or service, when the industry is
growing, and when consumers can easily switch to a competitor’s product for a cheaper cost.
When rivalry among competitors is high, advertising and price wars can ensue, which can pose
a negative impact on the business in the long run.(posters 5 forces)
competitive rivalry
Adapting to environmental uncertainties must start with developing a competitive mindset.
Ignorance of present-day realities may cause individuals or organizations to do certain things that
they may regret in the future; hence, environmental scanning is necessary. By seeking and sorting
through data about the environment, you may be able to understand and predict the various
changes, opportunities, and threats that may affect organizations in the future.
environmental scanning
Output levels grow, enabling increased consumer expenditure.
There is a shift towards tertiary sector activity and the growth is sustained by the expansion
of a middle class of consumers.(phases of economic development)
age of mass consumption
is a business organization whose design eliminates
vertical, horizontal, or external boundaries, and is described to be flexible and unstructured;
there are non-barriers to information flow and therefore, completion of work is fast.(types of business organization)
boundaryless business organization
These factors determine the impact of technological innovation and
development on a particular market or industry. These include changes in digital or mobile
technology, automation, research, and development. Moreover, these also include
technological influence on methods of distribution, manufacturing, and logistics.(PESTEL)
technological
– This is an integrative approach to management that
supports the realization of customer satisfaction using various tools and techniques that
result in high-quality goods and services.(organizing methods)
total quality management(TQM)
such as gender, age, education level, income, the number of family
members, geographic origin, etc. may also influence some managerial decisions in
organizations. For(environmental factors)
demographic
These factors determine the impact of government and government policy on a
particular organization or a specific industry. It includes trade, fiscal, and taxation policies,
among others.(PESTEL)
political
are those that group together those with similar or
related specialized duties that introduce the concept of delegation of authority to functional
managers like the personnel manager, sales manager, or financial manager but allow CEOs
to retain authority for strategic decisions.(Forms of Business Organizations)
functional business organizations
involve the use of varied types of electronic
gadgets and advanced technology such as computers, robotics, microprocessors, and others
that have revolutionized business management; e-commerce, teleconferencing, and
sophisticated information systems have rapidly changed the ways that business is
conducted in the 21st century.(environmental factors)
technological
are the general or strategic managers who focus on long-term
organizational concerns and emphasize the organization’s stability, development, progress, and
overall efficiency and effectiveness. They, too, are concerned with the organization’s
interrelationships with their external environment.
top-level managers
These factors determine the impact of the social environment and emerging trends to
the business profitability of an organization. These also help marketers to further understand
the changing preferences of the customers. These include changing family demographics,
education levels, cultural trends, attitude changes, and changes in lifestyles, among others.(PESTEL)
social
related to the increasing number of global competitors
and markets, as well as the nature and conditions of the changing natural environment.
Products produced by companies, of course, must cater to the changing needs of people in
the global community, while, at the same time, considering their impact on the natural
environment.(environmental factors)
world and ecological
provide the company with the financial support it needs. The company,
of course, cannot exist without them; thus, they greatly influence organizational
management. Top-level, middle-level, and lower-level managerial decisions are all
influenced, in one way or another, by the investors or owners of organizations.(business environment focus)
investors or owners
are special-interest groups that try to influence the organization’s decisions
or actions. For instance, pressure from the Food and Drug Administration (FDA) on some
department and drug stores led them to stop selling beauty products containing lead and to
stop ordering or importing such products from their suppliers.(business environment focus)
pressure groups
are those who ensure the organization’s continuous flow of needed and
reasonably priced inputs or materials required for producing their goods and rendering their
services. Inputs mentioned also include financial and labor supply.(business environment focus)
suppliers