Effective Business Organization
is something to be achieved in a specified period of time
Goal
is the authority structure in a company from the highest to the lowest levels
Chain of command
consists of a company’s board of directors, president, and other high-ranking managers
Top management
is the process of setting goals and deciding how to accomplish them.
Planning
outlines how company decisions are made
Policy
is a diagram that shows the structure of an organization
Organization chart
consists of a company’s division managers and department heads
Middle management
is the coordination of activities and resources needed to reach its goals
Organizing
should be a reminder of what the company aims to accomplish
Mission statement
of a business identifies the hierarchy of the employees within the business
Organizational structure
coordinates and supervises the activities and duties of employees
First-line management
is the process of recruiting, hiring, training, evaluating, and compensating employees
Staffing
describes how tasks should be completed Policies and procedures create consistency.
Procedure
workers with various skills and experience are brought together to solve a specific problem or task
Matrix
organization: Authority rests with top management
Centralized
is the process of influencing others to work toward common goals
Leading
goals: More than a year to reach
goals: Accomplished in short periods of time
Long-term
Short-term
Workers share the same skill set and expertise
Functional
organization: Authority is given to various managers that run their own departments
Decentralized
is a continuous process of evaluating the progress in reaching goals and making corrections to plans
Controlling