Managers set objectives and decide how to go about achieving them
Planning
1. Audit
2. Objectives
3. Review of where the business is now
4. Where does the business want to be in the future?
5. How will the business make the journey from where it is now to where it wants to be in the future
Planning
The process of outlining and scheduling all of the tasks necessary to achieve an outcome
Planning involves
Assessing current performance
Collating data to inform future decisions
Setting business and/or functional objectives
Producing functional plans e.g. a workforce plan
Identifying resource requirements
Planning, to be effective, must be ongoing
Types of plans
Workforce plan
Marketing plan
Financial plan
Operations management plan
Failing to plan is planning to fail
Organising
The process of coordinating all of the resources required to achieve an outcome
Inefficient organisation of resources can result in: Inability to match supply to demand, Excess resources resulting in higher average costs, Poor reputation, Over utilisation of resources
Monitoring and evaluating
The process of reviewing and assessing progress
Monitoring
An ongoing activity where corrective action is necessary
Evaluating
Forming a judgement on how well functions, products or individuals are performing in relation to targets
Reporting
The process of providing a detailed description of an event or outcome
Types of reports
Verbal or written
Formal or informal
Individual or group
Reports will identify performance against objectives as well as future actions required to improve performance
Decision-making
1. How to allocate resources
2. Setting budgets
3. Who to hire
4. What products to sell
5. Which suppliers to use
6. How to motivate staff
Problem-solving
1. Resolving employee disputes
2. Solving cash flow issues
3. Reducing expenditure
4. Dealing with customer complaints
5. Stakeholder relations
6. Responding to competitors' actions
FOCUS
Find a problem
Organise the resources
Clarify exactly what the problem is from a number of view points
Understand the possible variations in the problem and the factors contributing to these
Select and test a solution
FOCUS helps all employees "focus" on making continual improvements. Everyone is involved in problem solving
What are the two main types of organisational structures mentioned?
Flat and hierarchical organisational structures
How is a hierarchical organisational structure characterized?
It has many layers, long chains of command, and narrow spans of control
What defines a flat organisational structure?
A flat structure has few layers, short chains of command, and wide spans of control
What is organisational design?
It is the framework that provides a business with a structure to achieve its objectives
What does organisational structure refer to?
It refers to the way in which the workforce within a firm is organised, including job roles and communication flows
What do organisational charts provide?
They provide a visual representation of the organisational structure
What are the benefits of hierarchical structures?
Opportunities for promotion
Clear divisions between managers and workers
Higher earning potential
What are the benefits of flat structures?
Quicker communication and decision-making
Employees feel more empowered
Lower labour costs
What is centralisation in organisational structure?
Centralisation is when decision-making responsibility is maintained by a limited number of senior managers at the top of the hierarchy
What is decentralisation in organisational structure?
Decentralisation is when decision-making responsibility is delegated to a number of middle managers throughout the hierarchy
What are the characteristics of a hierarchical structure?
Employees organized into multiple levels based on seniority
Clear channels of communication
Defined responsibilities and progression opportunities
What are the advantages of a matrix structure?
Advantages:
Communication across functional areas
Diverse viewpoints considered
Motivational for employees
How does a hierarchical structure affect communication?
Communication may be slow or stifled due to multiple layers
What is a potential drawback of a matrix structure regarding teamdynamics?
Teams may take time to worktogethereffectively
What factors influence employee performance and motivation within organisations?
Both financial and non-financial motivators, as well as organisational culture
Why is it important to understand both financial and non-financialmotivators?
Because they both significantly impact employee performance and motivation
What key theories are discussed in the content regarding motivation?
Herzberg’s Dual Factor Theory, Maslow’s Hierarchy of Needs, Locke’s Goal Setting Theory, and Vroom’s Expectancy Theory
How does Johnson and Scholes’cultural web relate to employee motivation?
It illustrates how various elements of culture interact to affect employee motivation and performance
What is the impact of a strong organizational culture on employee engagement?
A strong organizational culture fosters engagement
What can a weak organizational culture lead to in terms of employee behavior?