Key People
This person created the Hierarchy of Needs.
Who is Maslow?
Structure with vertical chain of command.
What is Hierarchical Organizational Structure?
The process of planning strategic goals and objectives to technical goals and objectives
What is Operational Planning?
The economy of all humans of the world.
What is Global Economy?
This law prohibits companies from discriminating on workers.
What are Equal Opportunity Laws?
This person is the creator of scientific management.
Who is Frederick Winslow Taylor?
Provides for reporting levels both horizontally as well as vertically.
What is Matrix Organizational Structure?
Designed to identify the firm's choice with respect to the direction it follows to accomplish its set objectives
What is Grand or Corporate Strategies?
A government order that restricts commerce with a specified country or the exchange of specific goods.
What is Embargo?
Guarantee that workers will receive certain benefits regardless of what happens to them on the job.
What are Benefit Laws?
This person created the Modern management theory.
Who is Peter Drucker?
The most common structure.
What is Functional Organizational Structure?
The management of an organization's resources to achieve its goals and objectives.
What is Strategic Management?
The ability of a party to produce a good or service more efficiently than its competitors
What is Absolute Advantage?
A set of moral principles, especially ones relating to or affirming a specified group, field, or form of conduct.
What is Ethics?
This person stated in 400 B.C. that management was essential for success.
Who is Socrates?
Each product group falls within the reporting structure of an executive and that person oversees everything related to that particular product line.
What is Product Organizational Structure?
The absolute lowest cost of manufacture in the industry. The reference is to cost, not price, leadership.
What is Overall Cost Leadership?
A corporate organization that owns or controls the production of goods or services in at least one country other than its home country.
What is Multinational Corporation?
a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.
What is Intellectual Property?
This person introduced theories X and Y.
Who is Douglas McGregor?
Organized by customer type.
What is Customer Organizational Structure?
The activities within a workplace or organisation designed to manage the activities associated with the delivery of a strategic plan
What is Implementing Strategy?
A type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
What is Quota?
Require employers and employees to comply with safety and health standards established by federal, state, and local governments.
What are Occupational Safety and Health Laws?