Organization management

Created by

Ayato

Cards (35)

SPECIFICITY- It refers to very detailed, clearly defined plans wherein objectives are clearly stated and could easily be understood.
PLANNING- This is a conscious, systematic process of making decisions about goals and activities that an organization will pursue in the future.
 ECONOMIES OF SCALE- This means that as a business grows, and production units increase, a business will have a better chance to decrease its cost.
The first step in the planning process is to DETERMINE GOALS AND OBJECTIVES
 ENVIRONMENTAL SCANNING- an in-depth analysis or screening of volumes of information to detect emerging trends and create scenarios
 STRATEGIC PLANNING- The process by which top managers determine how best to allocate resources over time to achieve organizational goals
 FREQUENCY OF USE- Refers to the number of times use while operational plans are usually standing or are used frequently or for several times.
 WALT WHITMAN ROSTOW- introduces the idea of the 5 Stages of Economic Development.
TRADITIONAL SOCIETY- phases mainly subsistence in farming, little of which is traded; technology and trade limited.
Types of Business 
Service Business
Merchandising Business
Manufacturing Business
Service Business 
Provides intangible products or services, helps individuals reach their fitness goals
Merchandising Business 
Buys products at wholesale price and sells the same at retail price
Manufacturing Business 
Buys products with the intention of using them as new product
Forms of Business 
Sole Proprietorship
Partnership
Joint Stock Company
OPC
Partnership 
Members agreed to share the profits of a business carried on by all or anyone of them acting for all
Economies of Scale 
As a business grows, and production units increase, a business will have a better chance to decrease its cost
Planning 
A conscious, systematic process of making decisions about goals and activities that an organization will pursue in the future
Comprehensiveness 
Refers to the completeness of planning coverage
Specificity 
Refers to very detailed, clearly defined plans wherein objectives are clearly stated and could easily be understood
Planning Process 
Determine goals and objectives
Strategic Planning 
Responsible for defining the organization's goals/objectives
Environmental Scanning 
An in-depth analysis or screening of volumes of information to detect emerging trends and create scenarios
Frequency of Use 
Refers to the number of times use while operational plans are usually standing or are used frequently or for several times
Walt Whitman Rostow 
Introduces the idea of the 5 Stages of Economic Development
Nature of Planning 
Goal-oriented
Primary function
Persuasive
Mental activity- plans are based on
Continuous process
Involves choices- has to select the after careful analysis and evaluation
Forward looking
Flexible
Integrated process
Include effective and efficient dimensions
5 Stages/Phases of Economic Development
Traditional Society
Pre-conditions for Take-off
Take-off
Drive to Maturity
Age of Mass Consumption
Types of Plans 
Strategic Plans
Operational Plans
Long-term Plans
Short-term Plans
Directional Plans
Specific Plans
Single-use Plans
Standing Plans
Operational Plans 
Plans that apply to a particular unit are only; their scope is narrow
Directional Plans 
Plans that give general guidelines only
Specific Plans 
Plans that are clearly stated and which have no room for interpretation
Single-use Plans 
Plans that used or stated ONCE ONLY
Standing Plans 
Plans that are on-going; provide guidance for different activities done repeatedly
Decision-Making 
Structured
Unstructured
Structured Decision 
A decision that is repetitive and can be handled by using a routine approach
Unstructured Decision 
Applied to the resolution of problems that are new or unusual, and for which information is incomplete