CGS 2100C Lecture Notes - Lecture 2: Market Trend, Warning System, Computer Network
9 Jul 2016
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Chapter 1: business fundamentals: what is business, state or quality of being busy, enterprise or firm b. i. State-owned: company: business owned by many individuals and other companies c. i. They seek profit: jurisdiction and licenses d. i. Co-op (cooperative) members, not shareholders: creating new business: priorities, legal status, name of the business b. i. Employee supervision is easier than other structure: weaknesses e. i. Less flexibility in facing the changes of economic environment and market factors e. iii. Mistakes at higher level decision making has frustrating impact at lower levels e. iv. Employee discontent of not being involved enough in the: horizontal model decision-making process, full or flat model, <4 hierarchy level, employees at all levels contribute, strengths d. i. Time consuming and more difficult to manage e. iii. Require a lot of training especially on where and when employees can take initiative and make decisions e. iv. Confusing interdepartmental functioning results in confusing employees at different levels e. v. Fits only small and medium size business: matrix organizational model.
