Management and Organizational Studies 3370A/B Chapter 22: Anthony Chapter 22

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3370A/B
• Professor: Raymond Leduc

Document Summary

Strategy formulation is not a systematic activity because strategies change whenever a new opportunity to achieve goals or a new threat to attaining the goals is perceived. Goals are broad, usually non-quantitative long-run plans relating to the whole firm whereas objectives are more specific, quantitative shorter-run plans for individual responsibility centres. An organization is a group of individuals who work together for one or more purposes goals. Line units units whose activities are directly associated with achieving the objectives of the organization (i. e. produce and market goods) Staff units units that exist to provide support services to other units and to the ceo. An organization that operates in a relatively uncertain environment relies more on the informal judgment of its managers than on its formal mgmt control system. Responsibility accounting mgmt accounting that deals with both planned and actual accounting information about the inputs and outputs of a responsibility centre.