Organizational structure refers to the way that an organization arranges people and jobs so that its work can be performed and its goals can be met. When a work group is very small and face-to-face communication is frequent, formal structure may be unnecessary, but in a larger organization decisions have to be made about the delegation of various tasks. Thus, procedures are established that assign responsibilities for various functions. It is these decisions that determine the organizational structure
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relationship and collaborations between a business, and also identifying how the chain of command runs through the different stages are defined by the organization structure. An organization normally will set up their company’s structure based on their own organizational function. Function and structure influence each other, even though the company does not apply it in their organization. That is why most of the companies are known as adopt functional structure in their organization. Specific functions
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Organizational structure refers to the way that an organization arranges people and jobs so that its work can be performed and its goals can be met. When a work group is very small, and face-to-face communication is frequent, formal structure may be unnecessary, but in a larger organization decisions have to be made about the delegation of various tasks. Thus, procedures are established that assign responsibilities for various functions. It is these decisions that determine the organizational structure
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store, and process data from our basic business transactions. * Management Information System- This would help us produce reports that are summarized from transaction data from the sales we record to customers. * Supply Chain Management System- This system will help us record how the flow of our materials are transported from suppliers to factories to the customer. * Funtional Area IS- This supports the activities within a specific functional area and could be used as setting up a process
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Strategy and Planning What is Strategy? The term ‘strategy’ proliferates in discussions of business. The term ‘strategy’ is derived from the Greek word ‘stratēgia’, which means the “art of the troop leader”: a plan, course of action, or a set of decisions creating a pattern or a common link. All the successful business enterprises today constantly take in new information about their markets, customers, and operating environments. Then, management uses that knowledge and data to shape new strategic
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will examine the Sherman Computer Repair Company and their external environment. Sherman Computer Repair (SCR) is an undersized company that repairs damaged computers. At present, SRC has three business locations where patrons can purchase repairs on broken hardware. At the location of all three business sites SRC employs three full-time computer techs, one on-site manager along with one receptionist. In addition, SRC also employs 12 mobile techs that provide SRC customers with the choice of reliable
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cost producer to be competitive. Sales of the Electronics Products Division (EDP) started to stagnate and operational margin decreased dramatically. The división had recently been restructured in their business units by their new leader Don Rogers and lack of synergy between the business units in the development of new product extensions was threatening the growth and profitability of EPD and Allentown as a
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al., 2003). The concept of process maturity derives from the understanding that processes have life cycles or developmental stages that can be clearly defined, managed, measured and controlled throughout time. A higher level of maturity, in any business process, results in: (1) better control of the results; (2) more accurate forecast of goals, costs and performance; (3) higher effectiveness in reaching defined goals and the management ability to propose new and higher targets for performance
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Unit 3 Unit 3 Key Terms Business Strategy: The major actions by which a business competes in a particular industry or market. Concentration: A strategy employed for an organization that operates a single business and competes in a single industry. Concentric Diversification: A strategy used to add new businesses that produce related products or are involved in related markets and activities. Conglomerate Diversification: A strategy used to add new businesses that produce unrelated products
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are so important for business today? Answer: - Capital Management - Foundation of doing business - Productivity - Strategic opportunity and advantage 2- Describe five technology and business trends that have enhanced the role of information systems in today’s competitive business environment: Answer: (chapter 1: page 8) - Internet growth and technology convergence - Transformation of the business enterprise
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