Business Management

Describe goals and objectives as they apply to business. pg 181-182; wk 6 lecture, pg 1

2. _______ is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.

To accomplish the goals outlined during the planning phase managers need to link employees, responsibilities, and resources together through organisation. Henri Fayol stated that “To organize a business is to provide it with everything useful or its functioning i.e. raw material, tools, capital and personnel’s”.

In their organizing tasks they have to build a structure of working relationships between all of the members in the organization, that best allows them to work together and attain goals.

2) _______ is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.

Set and analyze the policies and procedures to structure a management framework, which support efficient production. In order to create an effective organization, I arrange all personnel into functional groups, such as Finance, Purchasing, Marketing, Sales and Human Resources. Align each group’s performance goals with the company’s strategic objectives.

The organisation is defined as the planned coordination of the activities of a number of people for the achievement of some common, explicit purpose or goal, through division of labour and function, and through a hierarchy of authority and responsibility (Schein, 1980).

There was a coordination and collaboration among all departments in the organization that resulted in faster accomplishment of tasks. Also, the goals of the organization were clear for the employees and they were always stressed by their managers.

The company has to be able judge its spending performance. Does not matter what type of company it is, the ability to measure performance using budgets is an important process in any business organisation. Planning helps to understand where business is at present and where it is going to be in the future. Company’s planning process has to involve different developing objectives and prepare

Organizing is identifying what jobs need to be done, and hiring the qualified people to do them.

Effective organizational structures define how job tasks are subdivided, grouped, coordinated, and managed. Six key components of organizational structures include division of labor, departmentalization, chain of command, span of control, centralization, and formalization (Remme, Jones, Van der Heijden, & De Bono, 2008, p. 79). Each element influence how employees interact with each other to reach organizational goals. Different structures are common in similar organizations among high performing organizations (Reimann, 1974, p. 707). The most appropriate structure will depend on the unique needs and culture of the organization.

Therefore, for an organization to have a definitive structure, there needs to be employees assigned (and carrying out) prescribed tasks in relation to their expertise (division of labour), clearly outlined documentation that spells out spatial relationships within the

Departmentally organizing the activities – This would entail Itza Yu identifying common characteristic within the list of activities meant to meet both the short-term production goals and objectives, and dutifully grouping them together into autonomous “units or departments” in a process referred to as “departmentation”.

Planning is considered to be a primary function of management. All organisations operate in a complex, dynamic and competitive business environment, and therefore, have to plan their actions without which they may not be able to survive.

When we create a product or provide a service, such as developing software, writing a report, generate a business analysis, we always follow a series of ordered steps to accomplish a set of tasks. To correctly produce an intended output, the tasks must be completed as specific order, we can consider a set of ordered tasks as a process, involving activities, constraints, and resources. When the process involves the building of some