ADM 1300 Lecture Notes - Seller Financing, Departmentalization, Intrapreneurship

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ADM 1300 Full Course Notes
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ADM 1300 Full Course Notes
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Organisation: structured group of people working together to achieve common goals. Three key elements: human interaction, goal directed activities, structure. Shows lines of formal authority-who"s in charge: shows who is responsible for whom. The process of dividing work activities into units w/in the organisation. Product departmentalization: organized based on the goods and services a company offers. E. g car firms may organize based of different their different models. Geographical departmentalization: organized by geographical regions within a country or, for a multinational firm, by region throughout the world. Customer departmentalization: organized by the different types of customers the organization serves. E. g it company may have organize themselves based on military and civilian customers. Functional departmentalization: organized by business functions such as finance, marketing, human resources, and production. Process departmentalization: organized by work processes necessary to complete production of goods or services. i. e what part of the value chain that you may be in. Delegation: the managerial process assigning work to employees.

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