Organisational Structures
A system that organizes or ranks things, often according to power or importance.
What is Hierachy
The production process is based on making one-off, unique items that are specific to one customer's needs
What is Job Production
This is a “hands off” style. Management rarely interferes in the day-to-day activities of the workers.
What is Laissez-Faire
The financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question
What is Profit
The route by which instructions and communications flow from the top to the bottom of the business
This measures the relationship between inputs into the production process and the resultant outputs.
What is Productivity
Manager makes decisions based on the business objectives as the manager sees them.
What is Authoritarian
These are planned financial reports containing predicted financial figures for the business.
What are Budgets
The Organisational Structure that uses outsourcing
What is Shamrock
This is a method of maximising units produced by an organisation and minimising inputs.
What is Lean Production
This is often considered similar to sustainability in a business. However, the purpose of this is to protect resources for future generations
What is Kaitiakitanga
Reports and journals which document the actual figures for the business.
What are Financial Records
A modern approach to organisational structures. This structure is used for projects and cross-departmental teams.
What is Matrix
This acronym represents the seven potential wastes in a business
This is focused on production, use and management of resources for current and future requirements.
What is Rangatiratanga
ordinary and necessary costs incurred to operate the business.
What are Expenses
Authority is given to managers or workers further down the hierarchy to make certain decisions.
What is Decentralised
This occurs when an organisation's average costs (cost per unit) decrease as the size of a firm increases.
What is Economies of Scale
This Maori business concept is shown in businesses when individuals show self-determination and control over areas of the business.
What is Tino rangatiratanga
This is the investigation of the differences between budgets and financial accounts for any given period.
What is Variance analysis