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Structuring Organizations for Today’s Challenge (What are fayol's…
Structuring Organizations for Today’s Challenge
What is job specialization?
Dividing tasks into smaller jobs
What is a critical managerial function?
Managing change that may occur and non-profit government organizations as well as businesses
What are economies of scale?
Refers to the fact that companies can reduce their production costs by purchasing raw materials in bulk
What is departmentalization?
The process of setting up individual departments to do specialized tasks
What are fayol's principles?
unity of command
hierarchy of authority
division of labor
ubordination of individual interest to the general interest
Authority
degree of centralization
clear communication channels
order
equity
spirit de corps
What is a hierarchy?
A system in which one person is at the top of the organization and there is a ranked or sequential order in from top-down of managers and others who are responsible to that person
What is the chain of command?
The line of authority that moves from the top of the hierarchy to the lowest level
What is an organization chart?
a visual device that shows relationships among people and divides the organization's work and shows who reports to whom
what is bureaucracy?
A term for an organization with many layers of managers
What is centralized Authority?
An organization structure in which decision-making Authority is maintained at the top level of management
What is decentralized Authority?
An organization structure in which decision-making Authority is delegated to lower-level managers more familiar with local conditions than headquarters management could be
What is span of control?
Describes the optimal number of subordinates a manager supervises or should supervise
What is a tall organization structure?
An organizational structure in which the pyramidal organization chart would be quite tall because of the various levels of management
What is a flat organization structure?
An organization structure that has few layers of management and a broad span of control
What is line organization?
an organization that has direct two-way lines of responsibility, Authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor
What is line personnel?
Employees who are part of the chain of command that is responsible for achieving organizational goals
What is Matrix organization?
An organization in which specialist from different parts of the organization are brought together to work on specific projects butts or main part of a line and staff structure
What are cross-functional self-managed teams?
Groups of employees from different departments who work together on a long-term basis
What is networking?
Using Communications technology and other means to link organizations and allow them to work together on common objectives
What is real time?
The present moment or the actual time in which something takes place
What is virtual Corporation?
It temporary networked organization made up of replaceable firms that join and leave as needed
What is benchmarking?
comparing an organization's practices, processes, and products against the world's best
What are core competencies?
Those functions that the organization can do as well as or better than any other organization in the world
What are digital natives?
Young people who have grown up using the internet and social networking
What is restructuring?
redesigning an organization so that it can more effectively and efficiently serve its customers
What is inverted organization?
An organization that has contact people at the top and the chief executive officer at the bottom of the organization chart
What is organizational or corporate culture?
Widely shared values within an organization that provides unity and cooperation to achieve common goals
What is formal organization?
The structure that details lines of responsibility, Authority, and position
What is informal organization?
The system that develops spontaneously as employees meet and form cliques, relationships, and lines of authority outside the formal organization