Unseen Questions Flashcards
Matrix Structure
Organisation arranged into temporary project teams to carry out tasks
A - Each team has specialised staff from all functional areas
Complex problems can be solved
D - Many managers across all project teams will mean high wages costs
Staff confused as to who to report to
Entrepreneurial Structure
One main decision maker, used primarily by small organisations
A - Little consultation, quick decision making
Staff know who to report to
D - If owner isn’t available, decisions cant be made
Can create a heavy workload for main decision maker
Strategic
Long term
Senior managers
To meet overall purpose & direction of organisation
High risk
Tactical
Medium term
Middle managers
To achieve strategic decisions
Medium risk
Operational
Short term
Supervisors
To react to situations as they arise
Low risk
Outsourcing - Advantages
Business able to use service when required
- Saves costs on machinery
Should be high-quality work from outsourced business as they have specialist equipment
Allows the business to concentrate on doing what it’s good at
Outsourcing - Disadvantages
Less control over outsourced work so quality may fall
Communication between businesses needs to be clear to make sure specifications are met
More expensive that in-house as specialists come at a price
Maximising Profits
Making as much profit as possible
Survival
Avoiding going out of business
Satisficing
Aiming for adequate result rather than best possible outcome
Provide a Quality Service
Private - To gain a good reputation
Public - To improve standards of living in their area
Third - To aid groups they aim to help
Increasing Market Share
Aim to improve services to ensure customers return
Managerial
Try to achieve objectives they believe will improve their status within the company
Sales Maximisation
Management aiming to achieve personal goals rather than aims of the business
CSR
Aiming to act in any way that benefits society or the environment
