topic 1: Organisation Flashcards
teamwork by people
synergy
scale effect
shared goal
2 main goals financial profit social profit
see topic 2
continuity of the organisation
long term short term decisions
aim for the continuity of the company
respond to needs in todays society
Organisation: extra info
Social profit means caring for the environment, giving back to society.
make sure that you are still relevant 10 years in future
new degrees are created to stay relevant with the jobs
on the basis of lack of skills
organisation company enterprise
social profit is focus
organisation not necessarily a company or an enterprise
company produces goods or services to sell
corporation owned by shareholders
enterprise focused on risk
how do organisations work
transformation process
desired vs undesired output
environment
key concepts
input when starting factory: need
human resources
ingredients (comalities)
financial resources
information about business, looking at gaps in market
technology
transformation: output
product or service which you can sell
creates results, profit financially and socially
transformation: desired output
things you can sell
transformation: undesired output
products you cannot sell, bad quality
resources
financial, human commodities
efficiency
achieving as many goals with very few resources
looking at overspending
how you use resources
effectiveness
reaching your goals
a competent manager reaches as many goals as possible with limited input
evaluation of goal reached
A manager is
someone who works together with others and with the help of others by coordinating theri tasks with the aim of achieving the companies goals
three levels
top managers
middle management
lower operational managers
top managers
define the goals of the company on a long term and take decisions that influence the company as whole
- strategical and conceptual skills
middle management
in between to and lower level, lead and coordinate the work of lower level managers
- tactical and human skills
lower operational managers
lead and coordinate the work of employees who generate or produce a company’s goods or services
- operational (day to day) and technical skills
hierarchy
the uninterrupted chain of command that runs from top management to the lower levels and indicates who reports to whom
planning
formulating objectives and strategies
developing plans to coordinate the necessary activities
organising
assessing what needs to be done how this should be done and who needs to do this
leading
steering and motivating all the parties involved, solving conflicts
controlling
controlling the activities, making sure everything runs according to plan
management process
all decisions and tasks in which managers are involved while planning, organising, leading and controlling
WITH THE OBJECTIVE OF REACHING COMPANYS GOALS