SECTION 1 Flashcards

1
Q

What is the difference between an organisation and an organism?

A

ORGANIZATIONS
have targets which are differently configured, are relatively easy to modify, seek for homeostasis (even though mostly fail to reach), do have a structure
ORGANISMS
have native instincts, are stronger determinated, hardly to modify, have homeostasis and culture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the perceptions of organizations?

A

INSTRUMENTAL VIEW
companies have an organization (formal/informal regulations), organization as an instrument of the attainment of corporate targets, as an efficiency driven order
INSTITUTIONAL VIEW
companies are an organization (based on control systems/humans, borders, partial inclusion, collective purpose), organization of the integrated order (in terms of efficiency and effectiveness)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Organizational characteristics and their areas of tension

A
  1. Justified for durability (stability, flexibility, learning & innovation) 2. Order (organizational structures as statics, regularities / operational structures, principles in terms of fundamentals of behavior and action) 3. Various elements (legal organs, members, units) 4. Collectively (Cooperation, integration/coordination, conflicts & interests) 5. Delivery of purpose (targets - which?, solutions, stakeholders)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Specific characteristics of the organization “company”

A
  1. ECONOMIC ORGA.
    coverage of long-term expenditures through income, payoffs arise from resource shifts
  2. SPECIFIC VALUE ADDED
    bring about value for other systems, fulfilling several stakeholders
  3. SOCIO-TECHNICAL SYSTMS
    humans supplements by technical auxiliaries, fulfilment of tasks (in behalf of stakeholders) in a labor division process
  4. ECONOMIC COMPETITION
    shortage removal by as low as possible resources, creation of new shortages, wishes/needs
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

How to develop a sustainable competitive advantage in an organization

A

continuously discovering profitable tasks and fulfilling tasks superiorly compared to competitors, in terms of superior benefit for stakeholders (effectiveness advantage) and cost concerns (efficiency advantage)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are fundamental issues of organizations?

A

Organizational purpose
targets: performance creation, tendency to grow, adaptability as necessity to survive, organization is no organism
INTEGRITY/ SYNERGY
Performance orga. (production(even ideas & knowledge), growth, effectiveness)
Governance (operating processes, coordination, stability)
Adaptation (e.g. innovations) – change. & mutation
STRUCTURE
organizational structure due to artificial hierarchy
characteristics of good structure (completeness of elements, no intersections, simplicity, transparency, stability, resilience, possibility to expand and extend)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How is efficiency and effectiveness in an organization defined, show examples?

A

EFFICIENCY
profitable benchmark (output/input relation) f. e. Sales, Profit, ROI, Productivity
EFFECTIVENESS
target achievement benchmark f. e. capability targets (flexibility, growth), profitability targets (productivity efficiency of information), outcome targets, behavioural targets (fluctuation, loyalty, promotional expertise)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the difference between an organizations formal and material target?

A

FORMAL
targets independent from object. of the company
monitory targets - qualitative targets not monetary expressable e.g. Safety, Autonomy, Ethics
monetary targets - expressible in money, absolute targets (profit, liquidity), relative targets (profitability, asset turnover)
MATERIAL
object of thee company for the purpose of corporate targets
—-
directed outside, output targets registration of a company, right to exist for the company in. terms of its market performance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Name the 5 key stakeholders of an organization and their interests

A
OWNERS/SHAREHOLDERS
return and appreciation of invested capital, autonomy, power, influence/control
MANAGEMENT
devolopment of its own ideas and capabilities
EMPLOYEES
Income & social security
DEBT CAPITAL FINANCIERS
satisfying return, secure investment
SUPPLIERS 
attractive terms, solvency of customers
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Name the 3 target relations in order to solve target conflicts of corporations (from high to low practical relevance)

A

TARGET HIERARCHY
various targets are categorised to priorities, detailed assessment of goal attainment for each target, logical structured target system
TARGET DOMINANCE
one particular target takes temporal, areal or functional precedence over remaining targets
TARGET RANGE
various targets coexist with the same priority, companies simultaneously observe various targets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly