CHAPTER 3 Flashcards
(19 cards)
Management structure
Used to describe the ways in which the management, employees and resources or an organisation are formally arranged to achieve
Management hierarchy
The arrangement that provides increasing authority at higher levels of the hierarchy
Chain of command
A system that determines responsibility, supervision and accountability or members of the organisation
Unity of command
The principle that states that each employee within an organisation should only report to one supervisor
Span of control
Refers to the number of people for whom a manager is directly responsible
Functional structure
Involves grouping employees together according to the tasks or jobs they will perform
Divisional structure
Involves grouping employees together according to divisions that may be geographical, customer, product or process focused
Matrix Structure
Involves bringing together specialists from different parts of the organisation to solve specific problems or to undertake specific projects in teams
Corporate culture
Refers to the values, ideas, expectations and beliefs shared by members of the organisation
Planning
Is the process of setting objectives and deciding on methods to achieve them
Strategic planning
Is long term planning, usually over 2 to 5 years
Tactical Planning
Is medium term planning, usually over 1 to 2 years, which assists in implementing the strategic plan
Operational Planning
Is short term planning, usually over a day to day or weekly basis. Provides specific details about the way in which the organisation will operate in the short term
SWOT Analysis
Involves the identification and analysis of the internal strengths and weaknesses of the organisation and external opportunities and threats
Organising
The process of arranging resources and tasks to achieve objectives
Leading
The process of influencing or motivating people to work towards the achievement of the organisation’s objectives
Controlling
The process of evaluating performance and taking corrective action to ensure the the set objectives are being achieved
Policy
A set of broad guidelines to be followed by all employees when dealing with important areas of decision making
Procedure
A series of actions enabling a policy to be put into practice