Organizing a Business
A business structure that is small in size and may only be in specific areas.
Informal Business Structure
This is a chart that shows how the business is structured and who is in charge of whom.
Organizational Chart
•Higher earnings
•Prestige
•More influence on how the company is run
•Greater control over personal time
Advantages of being a manager
Price at which one currency can buy another currency
Currency Exchange
Harvard computer science student who along with a few friends launched the world's most popular social networking site
Mark Zuckerberg
CEO
Keeping the Company on Track-to meet all goals
Controlling
•Take the blame when things go wrong
•Wrong decisions are costly and can affect numerous employees
•Can have an adverse affect on relationship with lower-level employees
Disadvantages of being a manager
The two types of resources that an economy depends on are
Natural Resources and Human Resources
born in Brookyln, New York on February 17, 1963. I retired twice and still have managed to keep my legacy alive who am I?
Michael Jordan
A large business structure that can also be considered a franchise and has several businesses around the globe.
Formal Structure
•Setting Standards
•Communicating with Managers
•Encouraging Employees
Leading
The 3 Levels of Managment
Top, Middle, Operational
Embargos, Tariffs , Quotas are examples of what
Trade Barriers
Principles of an Effective organization
Authority and Accountability
Assigning managers different tasks
Coordinating activities of managers
Guidelines used in making consistent decisions.
Policies
A tire shop that sells products in China
Exporter
Who painted the Mona Lisa?
Leonardo da Vinci
These individuals are responsible for
Overseeing daily operations and supervise workers to meet deadlines.
Operational Managers
How Departments are Organized
Function, Location, and Product
Short specific reason why the business exists and what it wants to achieve
Mission Statement
Business Activity that takes place in more than one country.
International Business
born on July 24, 1969, in the Castle Hill section of the Bronx. Her father, was a computer technician. At age eighteen,she got her big break when she was offered a job as a fly girl on Fox's hit comedy, In Living Color (1990). Since then she has climbed the R and B charts and even played a Grammy winning singer in a movie .
Who is Jennifer Lopez