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objective 1.04

business management

Definition
authority the formally granted influence of an individual to make decisions pursue goals and obtain the resources necessary to support those decisions and goals
chain of command the flow of authority within an organization
departmentalization the way departments are defined and arranged
division of labor the process of dividing a large job into units or job task and assigning an individual to do each of the tasks
divisional structure an organizational design in which the firm is broken down into units according to factors such as product process territory customer type
functional structure an organizational design in which the firm is broken into traditional departments each with its own set of responsibilities and activities
matrix structure an organizational design that combines the traditional functional structure with the divisional structure
organizational chart a graphical representation of the flow of authority within the organization
organizational structure the companys configuration of employees for accomplishing specific business tasks how the business is organized
Created by: user-1913468
Popular Business sets

 



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