UNIT 3: company structure Flashcards
Organizational structure
the levels of management and division of responsibilities within an organization
Hierarchy
the levels of management in any organization, from the highest to the lowest. A level of hierarchy refers to managers and supervisors, other employees who are given a similar level of responsibility in an organization
Chain of command
the structure in an organization which allows instructions to be passed down from senior management to lower levels of management
Span of control
the number of subordinates working directly under a manager
Directors
Senior manager who lead a particular department or division of a business
Line managers
people who have responsibility for people below them in the hierarchy of an organization
Supervisors
junior managers who have direct control over the employees below them in the organizational structure
Staff managers
specialists who provide support, information and astestance to line managers
Delegation
giving a subordinate the authority to perform a particular task
Decentralization
taking decision away from the centre of an organization- way from the head office
autonomous
independent, able to take decisions without consulting someone at the same level or higher in the chem of command
Outsourcing
the process of paying to have part of a company’s work done by another company
Recession
a period when the economy of a country is not successful and conditions for business are bad.
line authority
the power to give instructions to people at the level below in the chain of command
to report to
to be responsible to someone and to take instructions from them
to delegate
to give someone else responsibility for doing something instead of you
Production department
a factory working at full capacity, a standard product without optional features, machines that give the possibility of making various different products
Delegate
a person chosen or elected by a group to speak, vote, etc. for them, especially at a meeting.
Segment
one of the smaller groups or amounts that a larger group or amount can be divided into.
Assign
to give a particular job or piece of work to someone.
Finance department
a strong cash balance, high-profit margins, low research and development spending, self-financing (using retained earnings rather than borrowing)
Marketing department
a large advertising budget, a large sales force eaming high commission, a strong market share for new products, generous credit facilities for customers, large inventories to make sure that products are available
what is an organizational structure?
the levels of management and division of responsibilities within an organization
define a chain of command
the structure in an org which allows instructions to be passed down from senior management to lower level of management
