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MGMT 3000 Exam 2 cannon (Part 1)|40 Questions with Solutions
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MGMT 3000 Exam 2 cannon (Part 1)|40Questions with Solutions
organization chart - --shows the jobs in the firm and how they are arranged
-provides a picture of the reporting structure and various activities people
perform
- division of labor - --the work of the org is subdivided into smaller tasks
-high when org has many subunits and specialists
- specialization - -the fact that different people or groups perform those
smaller parts of the org's overall work
- coordination - -procedures that link the parts of the org to achieve the
org's overall mission
- integration - --work of the differentiated units coordinated into overall
product
-achieved through structural mechanisms that enhance collaboration and
coordination
- Differentiation - -The organization distinguishes and separates jobs and
jobholders from one another through the division of labor and job
specialization.
- formal authority - -primary means of running an organization, which is
exemplified by orders that a boss gives to a lower-level employee to carry
out
- informal authority - --when people carry themselves with confidence, can
provide valuable information , or work closely with those who have high
positions
- board of directors 3 set of duties - --selecting, evaluating, rewarding,
replacing ceo
-determining firm's strategic direction and revising financial performance
-ensuring ethical, socially responsible, legal conduct
- stockholders of corp - --owners of corp
-many stockholders, but few are directly involved in managing the company
-elect board of directors
- top mgmt team (C suite) - --ceo
-president
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