MGTA01H3 : Chapter 8 Important Vocab
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MGTA01H3 Full Course Notes
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Organizational structure: the specification of the jobs to be done within a business and how those jobs relate to one another. Chain of command: reporting relationships within a business; the flow of decision- making power in a firm. Organization charts: a physical depiction of the company"s structure showing employee titles and their relationship to one another. Job specialization: the process of identifying the specific jobs that need to be done and designating the people who will perform them. Departmentalization: the process of grouping jobs into logical units. Responsibility: the duty to perform an assigned task. Centralized organizations: top managers retain most decision- making rights for themselves. Decentralized organizations: lower and middle level managers are allowed to make significant decisions. Flat organizational structure: an organization with relatively few layers of management. Tall organizational structure: an organization with many layers of management. Span of control: the number of people managed by one manager.