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BM I105 Organization

Objective 105

TermDefinition
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; also called line of command.
Communication An exchange of information in which the worlds and gestures are understood in the same way both the speaker and the listener.
Delegation Assigning tasks to subordinates
Division of Labor Dividing a large job into units, or job tasks, and assigning an individual to do each of the tasks.
Divisional structure An organizational design in which the firm is broken into units according to factors such as product, process, territory, customer type, etc.
Functional structure An organizational design is which the firm is broken into traditional departments, each with its own set of responsibilities and activities .
Innovation The creation or discovery of something new, such as a new product, strategy, or process.
Job specialization Becoming an expert in a specific work task.
Lateral relations The amount of teamwork included in an organizational design.
Line authority Formal direct authority that affects a business's day-to-day operations.
Line of command See Chain of command
Matrix structure An organizational design that combines the traditional functional structure with the divisional structure.
Objectives Goals to be reached.
Organizational Chart A graphical representation of the flow of authority within an organization.
Organizational design The process of structuring a business's people, information, and technology to enable the business to achieve its goals and to be successful; also called organizational structure.
Organizational structure See organizational design
Product manager An individual who monitors one or more existing products and develops new products.
Productivity The amount of work employees perform in a given period, usually their output per hour.
Responsibility The duty to get a job done.
Scalar principle Creating authority that flows in a clear, continuous line.
Span of control The measurement of how many workers are supervised by one manager.
Staff authority Advisory authority, often without the ability to enforce or take action.
Unity of command A principle that states that no employee should answer to more than one supervisor at a time.
Created by: Fernando646
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