What are the business principles
- clear vision
- organized business structure
- Established Chain of Command
- Defined Employee Roles
- Accountability for All
something to be achieved in a period of time
Goal
outlines how a company decisions are made
policy
describes how tasks should be completed
procedure
What are 2 common organizational structures?
Functional and Matrix
the authority structure in a company from highest to lowest levels
Chain of command
A diagram that shows the structure of an organization
organization chart
a diagram showing how each employee position within the company interact with others in the chain of command
organizational chart
What are the different ways a company can be organized?
- Centralized Organization
- Decentralized organization
- Departmetalization
the process of controlling and making decisions about a business
Management
a company’s board of directors, president, and other high-ranking managers
top management
What are the duties of top management
- develop major goals and broad polices
- appoin lower managers
- control & coordinate the activities of all depts. & divisions
- provide guidence, motivation, & direction
- responsiblity of business preformance
a company’s division of managers and department heads
Middle Management
What are some jobs of middle managers
- carry out plans from top managers
- manage activities of assigned divisions or departments
- hiring & training of lower management
- explain policies of top to lower management
- evaluate lower managers
- inspire/lead first line manager
Who coordinates and supervises the activites & duties of employees?
First Line Management
What are the duties of first-line managers?
- assign jobs & tasks to employees
- supervise & guide daily activities
- maintain the quality of work
- communicate employee problems suggestions and recommendation to higher management
- solve employee grivences
- train employees
- motivate employees
what are the 5 functions of management
controlling, planning, leading, organizing, staffing
an outline of the actions needed to accomplish a goal
Plan
created for the long-term goals of an organization
Strategic plans
developed for the short-term goals of a company
Tactical Plans
designed to reach the day-to-day goals of a business
Opperational plans
backup plans
Contingency plans
the coordinatin of activites and resources needed to reach its goals
Organizing
the process of recruiting, hiring, training, evaluating, and compensating employees
staffing
