Ec-103
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| Authority | The formally granted of an individual to make decisions, pursue goals, and obtain the resources necessary to support those decisions goals
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| Chain of command | The flow of authority within an organization; also called line of authority
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| Communication | An exchange if information in which the words and gestures are understood in the same way by both speakers and the listeners
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| Delegation | Assigning tasks to subordinates
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| Division of labor | Dividing a large job into units , or job tasks , and assigning an individual todo each of the tasks
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| Divisional Structure | An organizational design in which the firm is broken into units according to factors such as products, process, territory , customer type, etc.
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| Functional Structures | An organizational design in which the firm is broken into traditional departments, each with its own set of responsibilities and activities.
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| Innovation | The creation or discovery of something new, such as new product, strategy, or process
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| Job Specialization | Becoming an expert in specific work task
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| Lateral Relations | The amount of teamwork included in an organizational design
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| Line Authority | Formal, Direct authority that affects a business day-to-day operations
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| Line of command | See chain of command
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| Matrix Structures | An organizational design that combines the traditional functional structure with the divisional structure
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| Objectives | Goals to be reached
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| Organizational Charts | A graphical representations of flow of authority within an organization
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| Organizational Structure | See organizational design
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| Productions manager | An individual who monitors one or more existing products and develops new products
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| Productivity | The amount of work employees perform in given period and develops new products
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| Responsibility | The duty to get a job done
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| Scalar Principles | Creating authority that flows in a clear, continuous lie
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| Span of control | The measurement of how many workers are supervised by one manager
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| Staff authority | Advisory authority, often without ability to enforce or take action
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Created by:
Kenron.m201
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