BM I 1.04 Vocab

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Authority

Back

The formally granted influence of an individual to make decisions, pursue goals, and obtain the resources necessary to support those decisions and goals.

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Chain of command

Back

The flow of authority within an organization.

Front

Departmentalization

Back

The way departments are defined and arranged.

Front

Division of labor

Back

The process of dividing a large job into units, or job tasks, and assigning an individual to do each of the tasks.

Front

Divisional structure

Back

An organizational design in which the firm is broken down into units according to factors such as product, process, territory, customer type, etc.

Front

Functional structure

Back

An organizational design in which the firm is broken into traditional departments, each with its own set of responsibilities and activities (marketing, operations, sales, IT, etc.).

Front

Matrix structure

Back

An organizational design that combines the traditional functional structure with the divisional structure.

Front

Organizational chart

Back

A graphical representation of the flow of authority within the organization.

Front

Organizational structure

Back

The company’s configuration of employees for accomplishing specific business tasks; how the business is organized.

Front

Organizing

Back

The management function of setting up the way the business's work will be done.