IBC FIN
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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show | Different groups that can be broadly classified in two types
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1. Command Group 2. Task Group | show 🗑
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show | Types of Informal Group
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show | Basic Elements of Organizational Structure
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show | Basic Organizational Design
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1. Classical Strategy 2. Adaptive Strategy 3. Visionary Strategy 4. Shaping Strategy 5. Renewal Srategy | show 🗑
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1. Technology 2. Outsourcing 3. Changing worker attitudes and values 4. Demographics and diversity 5. Globalization | show 🗑
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show | It involves defining strategies, allocating resources, and outlining the actions required to succeed in the market or industry.
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show | NATURE OF PLANNING
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show | Functions of management largely depends upon planning. This means that planning is like the foundation of a building.
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GOAL-ORIENTED | show 🗑
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CONTINUOUS PROCESS | show 🗑
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show | Plans need to be adaptable to changing circumstances and allow for adjustments when unexpected challenges or opportunities arise.
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TOP LEVEL MANAGEMENT | show 🗑
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MIDDLE LEVEL MANAGEMENT | show 🗑
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show | Referred to as the supervisory or the operative level of managers. The lower level managers are the first line of managers. They spend most of their time addressing the functions of the business organization, as instructed by the managers above them
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(1) Setting Objectives (2) Developing Planning Premises (3) Identifying Alternative Courses of Action (4) Evaluating Alternative Courses of Action (5) Selecting One Best Alternative (6) Implementing the Plan (7) Follow Up Action | show 🗑
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- OBJECTIVES - POLICIES - PROCEDURE - METHODS - BUDGET - PROGRAMME - STRATEGIES | show 🗑
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show | Are detailed strategies outlining how specific departments or functional areas within an organization will contribute to the overall goals and objectives.
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STRATEGY | show 🗑
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MARKETING | show 🗑
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FINANCE | show 🗑
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show | A plan addressing the recruitment, training, and management of personnel, ensuring the organization has the right workforce to meet its objectives.
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OPERATIONS | show 🗑
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show | It outlines how the organization will utilize technology, encompassing software, hardware, and cybersecurity measures. Simultaneously, it addresses the acquisition, maintenance, and strategic use of physical equipment necessary for smooth operations.
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ORGANIZING | show 🗑
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- TO ACHIEVE ORGANIZATIONAL GOALS - TO IMPROVE EFFICIENCY AND EFFECTIVENESS - TO PROMOTE COORDINATION AND COMMUNICATION - TO IMPROVE DECISION MAKING - TO FACILITATE CHANGE | show 🗑
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TO ACHIEVE ORGANIZATIONAL GOALS | show 🗑
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TO IMPROVE EFFICIENCY AND EFFECTIVENESS | show 🗑
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show | Organizing helps ensure that different departments and individuals within a business work together towards common goals. This kind of practice promotes collaboration, communication, and coordination among the
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TO IMPROVE DECISION MAKING | show 🗑
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TO FACILITATE CHANGE | show 🗑
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ORGANIZATIONAL STRUCTURE | show 🗑
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show | A team structure that groups employees into different departments based on areas of expertise
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show | Suitable for smaller organizations
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FUNCTIONAL STRUCTURE | show 🗑
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FUNCTIONAL STRUCTURE | show 🗑
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DIVITIONAL STRUCTURE | show 🗑
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show | Organized into divisions based on products, regions, or customer segments
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show | Common in larger organizations with diverse product lines.
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DIVITIONAL STRUCTURE | show 🗑
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show | A company structure where teams report to multiple leader
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MATRIX STRUCTURE | show 🗑
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show | Suitable for organizations dealing with complex projects.
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show | Used when there's a need to balance functional expertise with project or product-based demands.
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show | one in which organizations group certain types of employees together based around a common specialization.
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show | Relying on a network of independent entities to accomplish organizational goals
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show | Used when an organization needs to collaborate with external
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GROUP | show 🗑
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FORMAL GROUP | show 🗑
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COMMAND GROUP | show 🗑
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COMMAND GROUP | show 🗑
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TASK GROUP | show 🗑
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TASK GROUP | show 🗑
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show | Often temporary or disband
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COMMITTEES | show 🗑
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COMMITTEES | show 🗑
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show | A group that nonmanagerial employees form to help achieve their own goals or meet their own needs.
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show | An informal group composed of employees seeking to achieve a common goal related to their membership in an organization.
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show | can give managers valuable insights into the issues and concerns that are foremost in employees’ minds. They also can signal the need for change.
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show | Friendship groups are informal groups composed of employees who enjoy one another’s company and socialize with one another.
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FRIENDSHIP GROUP | show 🗑
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- WORK SPECIALIZATION - DEPARTAMENTALIZATION - CHAIN OF COMMAND - SPAN OF CONTROL - CENTRALIZATION - FORMALIZATION | show 🗑
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show | Work specialization describes how different jobs are assigned to various operations. It boosts productivity and efficiency but also boredom, exhaustion, and stress. Low output, subpar quality, elevated absenteeism, and high turnover can result from this.
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DEPARTAMENTALIZATION | show 🗑
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CHAIN OF COMMAND | show 🗑
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SPAN OF CONTROL | show 🗑
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show | Centralization refers to decision-making concentrated in a single place in the organization.
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FORMALIZATION | show 🗑
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show | THE BASIC ORGANIZATIONAL DESIGN
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show | A _____ is characterized by few or no levels of middle management between the staff and the executives. This promotes open communication and quick decision-making.
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HIERARCHICAL STRUCTURE | show 🗑
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show | A _______ organizes employees into groups focused on specific projects or tasks. This fosters collaboration, flexibility, and allows for efficient utilization of specialized skills within the team.
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show | It’s easy to hire someone. It’s another thing to hire the right person for the job. The entire hiring process can be a frustrating, time consuming. An urgent need to fill a position could lead an employer to rush into getting someone in.
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GETTING THE RIGHT PEOPLE | show 🗑
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THE STRATEGIC HUMAN RESOURCES | show 🗑
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THE STRATEGIC HUMAN RESOURCES | show 🗑
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- HR strategic partnership - HR compliance - HR services - HR development | show 🗑
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show | An organization must have a cooperative collaboration among the workers and the company’s upper management staff.
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HR compliance | show 🗑
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HR services | show 🗑
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HR development | show 🗑
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Created by:
iivius