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