ZULLO CHAPTER EXAM 2

Organizational politics 1-4

Build coalitions use outside expert build links or networks control information

organizational behavior example

Coach K

What does E stand for

Evaluating, another word for controlling

example of governance

Fifa NCAA PSAC

Managers

First Entry Level Middle Management Top management

What does L stand for

Leadership, managing conflict and change

What does O stand for

ORGANIZING, Putting plans into actions

scientific management

One way the best way to do a job right

What does P stand for

PLANNING, What are our goals

POLE

Planning Organizing Leading Evaluating

Leadership

The process of influencing individuals to achieve the best group results

Management

The process of working with and through individuals to accomplish the correct organizational goals

Organizational politics

Ways we can make organization great

statement of cash flow

a document that provides information about how the cash position of a business has changed

income statement

a document that tracks a companys revenue and expenses over any given period

balance sheet

a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

motivation

align individuals economic interests

discretionary

are those funds used by the individual judgement after tje necessities have been covered financially

hard asset

assets that are not easy to turn into cash

Delegating

assigning role and job to employee to hold them accountable to completion

accounting

calculating revenue through receipts and other pieces of information to determine the numbers

Organizational chart

determine who does what

Nick Saban

example of scientific management

cost of goods sold

expenses that are directly related to the production

financial forecasting

gather information forecast sales project profits and losses compared to industry norms determine needs

humans relations movement

holds the belief that the workers need motivated to perform task best

players coach

human relations movement example

interest rates

impact a companys ability to borrow money

external data

industry trends current articles made

what is an audit

inspection of all an organization records and business operations

revenue

is defined as money coming in

storing inventory

keeping an eye on what we have and what we need

Auditing Inventory

keeping tabs on everything in inventory

informal leader

leader on team

powers

legitimate reward coercive referent expert

objectives of accounting

make decisions about the use of limited resources effectively direct and control human and material resources maintain and report contribute to overall effectiveness

financial objective

make highest profit assessing quarterly improvement returning highest earnings to shareholders increasing the value of stock decreasing total debt

utilizing inventory

making sure raw materials are being effectively used

intangible assets

nonphysical assets

benchmarking

one organization compares itself to another

formal leader

people in office

the controller

person who controls and makes decisions

internal data

personal observations

Forecasting inventory

planning and determining sales and inventory needed for the future

strategies to implement change

prioritize and change in stages versus all at once deliver early intangible results involve enployees at every stage make sure management is fully 115% on board

budget

road map or plan expressed in monetary terms

Governance

rules and powers agreed upon by members to promote fairness and safety

Purchasing inventory

smart in purchases make right amount of purchases

depreciation

the cost of equipment and property that are used up by the organization in the process of producing and distributing

inflation

the increase of price level in products

Compounding

the process of accumulating interest on an investment over time to earn more interest

finance

the process of examining the numbers

liquidity

the quickness and ease of something that can be turned into cash

organizational behavior

the study of human behavior in organizational settings that can provide a look a t how employees work in the workplace including motivation, performance, and relationships.

necessities

the things we must have in our budget

Time value money

the value of money today is greater than the value of that same amount of money in the future

economics

uses charts to determine how to use scarce resources

outsourcing

using outside group for their expertise in specific area