2.2 VOCAB. Flashcards Preview

IB Business and Management > 2.2 VOCAB. > Flashcards

Flashcards in 2.2 VOCAB. Deck (20)
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1

accountability

-extent person is held responsible for task failure or success

2

burearcracy

-official administrative rules that govern business activity

3

centralization

-decision-making done by small group

4

chain of command

-formal line of authority from org. chart

5

decentralization

-some decision-making passed on to others from central group

6

delayering

-removing layers in hierarchy to flatten organization structure

7

delegation

-passing on of authority to person lower in hierarchy

8

directors(executives)

-elected by shareholders to run business

9

flat organizational structure

-few layers in hierarchy (wide span of control)

10

flexible structure

-adaptable human resources structure, need based

11

formal groups

-official organization of people based on business needs

12

informal groups

-associations formed through friendship or common interests

13

matrix structure

-employees from different departments working on temporary project

14

offshoring

-outsourcing to another country

15

organizational chart

-diagram of organization structure

16

outsourcing

-finding external people for non-core functions (cleaning, maintenance, low level support)

17

re-engineering

-radical redesign of organization structure

18

responsibility

-who is in charge of whom

19

span of control

-number of people controlled by manager

20

tall organizational structure

-many layers in hierarchy (narrow span of control)