MGM101H5 Lecture Notes - Organizational Culture, Bounded Rationality, Knowledge Network

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Organization architecture: totality of firm"s organization including formal organization structure, control systems, incentive systems, organization culture and people. Organization structure: location of decision making responsibilities in firm, the formal division of organization into subunits and establishment of integrating mechanisms to coordinate activities of subunits. Controls: metrics used to measure performance of subunits and to judge how well managers are running those subunits. Incentives: devices used to encourage desired employee behaviour. Organizational culture: values and assumptions that are shared among employees of an organization. People: employees of organization strategy used to recruit, compensate, motivate and retain those individuals, and type of people they are in terms of their skills, values, and orientation. Vertical differentiation: location of decision making responsibilities within a structure. Horizontal differentiation: formal division of organization into subunits. Centralization: concentration of decision-making authority at high level in management hierarchy. Decentralization: vesting decision making authority in lower level managers or other employees.