logo image

Principles of Management [Exam 2 – Ch.8]

Organizational Chart
The reporting structure and division of labor in an organization
Differentiation
the organization is composed of many different units that work on different kinds of tasks, using different skills and work methods
Integration
these differentiated units are put back together so that work is coordinated into an overall product
Differentiation is created through:
Division of labor and specialization
Division of labor
The assignment of different tasks to different people or groups
Specialization
A process in which different individuals and units perform different tasks
Integration is created through:
Coordination
Coordination
The procedures that link the various parts of an organization for the purpose of achieving the organization’s overall mission
The Vertical Structure consists of
authority, board of directors, the CEO, hierarchical levels, and issues pertaining to delegation and decentralization
Authority
The legitimate right to make decisions and to tell other people what to do
Top management teams typically compose of
the CEO, presidents, chief operating officer, chief financial officer, and other key executives
Hierarchy
The authority levels of the organizational pyramid
Corporate governance
The role of a corporation’s executive staff and board of directors in ensuring that the firm’s activities meet the goals of the firm’s stakeholders
Subunits
subdivisions of an organization
Span of control
The number of subordinates who report directly to an executive or supervisor
Narrow spans of control form
tall organization that has many levels
Flat spans of control form
fewer reporting levels
Delegation
The assignment of new or additional responsibilities to a subordinate
_________ is perhaps the most fundamental feature of management because it entails getting work done through others
Delegation
Responsibility
The assignment of a task that an employee is supposed to carry out
Accountability
The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance
Steps for delegating
1. Define the goal
2. Select the person
3. Solicit the subordinate’s views about suggested approaches
4. Give the subordinate the authority, time, and resources to perform the assignment
5. Schedule checkpoints for reviewing progress
6. Follow through by discussing progress at appropriate intervals
Centralized Organization
An organization in which high-level executives make most decisions and pass them down to lower levels for implementation
Decentralized Organization
An organization in which lower-level managers make important decisions
The delegation of responsibility and authority _________ decision making
decentralizes
Line departments
Units that deal directly with the organization’s primary goods and services
Staff departments
Units that support line departments
Departmentalization
subdividing an organization into smaller subunits
Functional organization
Departmentalization around specialized activities such as production, marketing, and human resources
Divisional organization
Departmentalization that groups units around products, customers, or geographic regions
Matrix organization
An organization composed of dual reporting relationships in which some managers report to two superiors—a functional manager and a divisional manager
Unity-of-command
a structure in which each worker reports to one boss, who in turn reports to one boss; disadvantage
The key to managing today’s matrix is not the formal structure itself but the realization that the matrix is a _______.
Process
Network organization
A collection of independent, mostly single-function firms that collaborate on a good or service
Dynamic Network
temporary arrangements among partners that can be assembled and reassembled to adapt to the environment
Broker
A person who assembles and coordinates participants in a network
Standardization
Establishing common routines and procedures that apply uniformly to everyone
Formalization
The presence of rules and regulations governing how people in the organization interact
Coordination by plan
Interdependent units are required to meet deadlines and objectives that contribute to a common goal
Coordination by mutual adjustment
Units interact with one another to make accommodations to achieve flexible coordination
Slack resources
extra resources on which organizations can rely in a pinch so that if they get caught off guard, they can still adjust
Creating self-contained tasks
changing from a functional organization to a product or project organization and giving each unit the resources it needs to perform its task

Need essay sample on "Principles of Management [Exam 2 – Ch.8]"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy