Management Principles: Fayol, Weber, and Organizational Structures, Quizzes of Introduction to Business Management

Download Management Principles: Fayol, Weber, and Organizational Structures and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 FAYOLS PRINCIPLES DEFINITION 1 Degree of centralization Clear communication channels Order Equity Esprit de corps Unity of command Hierarchy of authority Division of labor Subordination of individual interests to the general interest Authority TERM 2 ORGANIZATIONS BASED on ​FAYOLS PRINCIPLES DEFINITION 2 Rigid organizations that often dont respond to customers quickly. Organizations in which employees have no more than one boss; lines of authority are clear. TERM 3 WEBERS PRINCIPLES DEFINITION 3 Employees just need to do what theyre told. TERM 4 Centralized Authority DEFINITION 4 When decision-making is concentrated at the top level of management. TERM 5 Decentralized Headquarters DEFINITION 5 When decision-making is delegated to lower-level managers and employees more familiar with local conditions than headquarters is. TERM 6 Hierarchy DEFINITION 6 A system in which one person is at the top of the organization and there is a ranked or sequential ordering form the top down of managers who responsible to that person TERM 7 chain of command DEFINITION 7 the line of authority that moves form the top of hierarchy to the lowest level TERM 8 Bureaucracy DEFINITION 8 an organization with many layers of mangoes who set rules and regulations and oversee all decisions TERM 9 Tall organization structure DEFINITION 9 An organizational structure in which the organization chart would be tall because of the various levels of management. TERM 10 Flat organization structure DEFINITION 10 An organizational structure that has few layers of management and a broad span of control. TERM 21 economies of scale DEFINITION 21 the situation in which companies can reduce their production cost if they can purchase raw materials in bulk; the average cost of goods goes down as production level increase TERM 22 restructuring DEFINITION 22 redesigning an organization so that it can more effectively and efficiently serve its customers TERM 23 span of control DEFINITION 23 the optimal number of subordinates a manager supervises or should supervise TERM 24 staff personnel DEFINITION 24 employees who advise and assist line personnel in meeting their goals TERM 25 cross functional self managed teams DEFINITION 25 groups of employees from different departments who work together on a long term basis TERM 26 functional departmentalization DEFINITION 26 the dividing of organizational functions into separate units TERM 27 line personnel DEFINITION 27 employees who are part of the chain of command that is responsible from achieving organizational goals TERM 28 Virtual Corporation DEFINITION 28 a temporary networked organization made up of replaceable firms that join and leave as needed TERM 29 transparency DEFINITION 29 the presentation of a company's facts and figures in a way that is clear and apparent to all stakeholders