MPO Flashcards
(50 cards)
What are organisational goals?
Broad, long-term aims that define an organisation’s purpose and direction.
What are business objectives?
Specific, measurable steps taken to achieve organisational goals.
What is the SMART criteria for setting objectives?
• Specific
• Measurable
• Achievable
• Realistic
• Time-bound
What is an organisational policy?
A set of rules or guidelines that govern decision-making within an organisation.
What is a mission statement?
A statement defining an organisation’s purpose, core values, and strategic direction.
What is a vision statement?
A future-oriented declaration of an organisation’s goals and aspirations.
What is a value statement?
A declaration of an organisation’s principles and ethical standards.
What is the internal environment of an organisation?
Factors within the organisation that affect operations, including structure, culture, and resources.
What is the external environment?
Outside factors that influence the organisation, such as competitors, regulations, and economic conditions.
What is PEST analysis?
A tool to assess external factors:
• Political
• Economic
• Social
• Technological
What is SWOT analysis?
A tool to evaluate an organisation’s:
• Strengths
• Weaknesses
• Opportunities
• Threats
What are the key stakeholders in an organisation?
• Shareholders
• Employees
• Customers
• Suppliers
• Government
• Local communities
What is performance management?
A process to monitor and improve employee performance through feedback and goal-setting.
What is knowledge management?
The process of capturing, sharing, and applying organisational knowledge to improve efficiency.
What are Key Performance Indicators (KPIs)?
Measurable values that indicate how effectively an individual or organisation is achieving key objectives.
What is a performance appraisal?
A structured review of an employee’s job performance and contributions.
What is the role of feedback in employee performance?
• Reinforces positive behaviours
• Identifies areas for improvement
• Motivates employees
What is training and development?
Activities designed to improve employee skills, knowledge, and competencies.
What is organisational structure?
The framework that defines roles, responsibilities, and relationships within an organisation.
What are the key types of organisational structures?
• Functional
• Divisional
• Matrix
• Flat
• Hierarchical
What is mechanistic vs. organic structure?
• Mechanistic: Rigid, hierarchical, bureaucratic.
• Organic: Flexible, adaptive, team-based.
What is span of control?
The number of subordinates a manager directly oversees.
What is the scalar chain?
The clear line of authority from top to bottom in an organisation.
What is the span of control trade-off?
• Wide span: More autonomy but harder to supervise.
• Narrow span: Closer supervision but higher management costs.