BUSN1010 2nd test, 1,2,3,4,5
Conceptual skills
Ability to see the organization as a whole and visualize how it fits into the broader environment.
PMI
Decision making tool for weighing the pros and cons of a decision.
Technical skills
Knowledge of and proficiency in completing specific tasks.
Free-rein-leader
Leader who favors autonomy and allows group members to make decisions and take action as needed
Democratic leader
Leader who involves subordinates in goal setting, problem solving and decision making.
Autocratic leader
Leader who maintains individual control over all decisions and accepts little input from subordinates.
Goals
Long-term, measurable accomplishments to be achieved by the firm within a specified time frame.
Chain of command
Official hierarchy of authority that dictates who is in charge of whom within the organization.
Management
Organization and coordination of activities of the firm in order to achieve defined goals and objectives.
Decentralized authority
Organization structure in which authority and decision-making is delegated to lower levels of the firm.
Centralized authority
Organization structure in which decision-making and authority are concentrated at top levels of the firm
Virtual corporation
Organization structure that temporarily networks replaceable firms that join together and leave as needed.
Flat organization
Organization with few layers of management between the executive level and the lowest leve
Tall organization
Organization with multiple layers of management between top executives and front-line employees.
Martrix Ogranization
Organizational structure that combines employees from different parts of the organization; often used for special projects.
Middle Management
People within a company who are in charge of departments or groups but below those in charge of the whole company.
Staff personnel
Personnel whose positions are typically advisory and/ or facilitative in nature.
Contingency plan
Plan that establishes alternate courses of action if existing plans are disrupted or become ineffective.
Strategic plan
Plan that establishes organization's major goals and objectives and allocates resources to achieve them.
Tactical plan
Plan that translates general goals developed by strategic managers into more specific objectives and activities.
Departmentalization
Process of organizing employees into groups or units to accomplish specific organizational goals.
Objective
Statements of short-term, specific outcomes that are to be achieved by the firm
Line organization
Structure in which authority and responsibility move from top to bottom and each employee reports to only one manager.
Vision
The answer to the question, "Why does this organization exist"?
Transparency
The full, accurate and timely disclosure of pertinent information to stakeholders of the firm.
Organizing
The grouping of people, resources and activities to accomplish the objectives of the organization
Hierarchy
The levels of management within a business organization, from the lowest to the highest.
Top management
The most senior staff of an organization; i.e., Vice President, CEO, COO.
Span of control
The number of subordinates under the direct control of a manager or supervisor
Planning
The process of establishing organizational goals and determining how to accomplish them.
Controlling
The process of evaluating and regulating ongoing organizational activities to ensure that goals are achieved.
Brainstorming
The process of generating creative ideas and solutions through unrestricted group discussion.
Leading
The process of guiding, influencing and motivating others to work toward common goals.
Decision making
The process of selecting one alternative from the available alternatives
Problem solving
The process of working through details of a predicament in order to reach a solution
Restructuring
The reorganization of a company in order to achieve greater efficiency and adapt to new markets.
Corporate culture
The shared values, symbols, rituals, beliefs and traditions of an organization
Mission statement
Written declaration of purpose that affirms the highest priorities of the organization.