COMMERCE 1E03 Lecture Notes - Lecture 9: Dramatization, Extranet, Intranet
19 May 2016
School
Department
Course
Professor
Document Summary
Economies of scale: the cost savings that result from large-scale production; the situation in which companies can produce goods more inexpensively if they can purchase raw materials in bulk. Subsequently, the average cost of goods goes down as production levels increase. Downsizing: the process of eliminating managerial and non-managerial positions. Organizational design: the structuring of workers so that they can best accomplish the firm"s goals. Job design: the process of breaking down jobs into specific tasks and assigning these tasks to specific positions. Hierarchy: a system in which one person is at the top of the organization and there is a ranked or sequential ordering from the top down of managers who are responsible to that person. Bureaucracy: an organization with many layers of managers who set rules and regulations and oversee all decisions. Restructuring: redesigning an organization so that it can more effectively and efficiently serve its customers.
