Test review Flashcards
What is an organization?
A collection of people working together in to achieve a common purpose.
Organizations form naturally from the surrounding supply and demand forces of their community environment
Someone recognizes a want or need that is not being satisfied in the community (an opportunity) and they start a business to meet that need
in order to survive organizations must adapt though creating efficient and effective systems to produce their goods or services
A common purpose
Purpose: produce good or service of value to consumer/client…. And maximize profit??
What are the three elements necessary to create an organization. What role does each play in the effective functioning of an organization?
Division of Labour
Hierarchy of Authority
common purpose
What is a mission statement? What elements does an effective mission statement have?
“The reason a company exists.”
An effective Mission statement should be:
A “call to action”
Easily understood
Measurable
Relevant +10-20 years
Example 5: Terry Fox Foundation
The Terry Fox Foundation is a national charity in Canada. Its purpose is to raise money to help fund cancer research and support people living with the disease.
List and describe all 4 managerial functions
Managers traditionally perform four primary functions within an organization
Planning
Organizing
Leading
Controlling
Planning
Set goals and plan out how to achieve them
Organizing
Arranging resources to execute plans
Turns plans into actions
Assigning personnel to tasks
Supporting that personnel with resources
Leading
Motivating employees to support organization’s goals and implement plans
communicating visions, building enthusiasm, and motivating staff in order to reach goals, and follow plans.
Controlling
Monitoring work performance
Compare results to goals, fix if needed
Managing
Managers exist in all organizations, and they work with a wide variety of job titles across different organizations. Department Manager, Production Supervisor, Team Lead, Principal, CEO, Administrator, Dean - these are all titles used to describe a manager of some sort.
Typical levels of management are:
Top Level Managers
Middle Managers
Front Line Managers
Top Management
Also called executives
Look at performance of organization as a whole
Pay attention to external environment
Concerned with the big picture
Strategic thinkers
Top Management roles and skills
Role: Provide direction for the organization
Skills:
Strategic Planning skills
Communication Skills (Written, Oral)
Analysis skills
Middle Management
First Level Management reports to them
Interpret direction from Top Management and relay to First Level Management
Raise concerns of First Level Management to Top Management
Co-ordinate multiple sectors
Work well with people
Middle Management roles and skills
Role: To Implement upper management vision and goals, to monitor First Level managers
Skills:
Communication skills
Relationship Skills
Motivational Skills
First Level Management
Workforce reports to them
Report to Middle Management
Performance goals a priority
Often people who were good at non-management job
First Level Management roles and skills
Role: Motivate and monitor workforce in order to achieve goals set out by upper management
Skills:
Work related skills,
Motivational skills,
Communication skills,
Recruit and train workforce
Management Reflection
Tolerance for Uncertainty:
ability to maintain work performance in all sorts of unique situations and environments, including self regulation
Oral Presentation:
ability to express yourself clearly out loud to a variety of group sizes
Self-objectivity:
know what you are good at, and what you are weak at, plan accordingly
Classical - Divisional
advantages and disadvantages
Pros
Clear points of responsibility
Increased flexibility to respond to changing environment
Cons
Reduced efficiencies due to duplication of resources (lack economies of scale)
Can be unhealthy rivalry between divisions
Functional
advantages and disadvantages
Pros
Task assignment consistent with skills and training
Clear career paths
Cons
Difficult to determine responsibilities at times
Communication between departments is difficult
Hybrid & Modern - Matrix
advantages and disadvantages
Pros
Improved decision making
Better customer service
Cons
Can lead to power struggles due to duplication of supervision
Priorities can be confused/ conflicted
Team and Network
advantages and disadvantages
Pros
Eliminates barriers between operating departments.
Improved quality and speed of decision making.
Simplifies workflow and communication
Lean operations help with cost-cutting
Cons
Conflicting loyalties among members.
Excessive time spent in meetings.
Lack of loyalty/ control of important business functions performed by contractors