Studied by 5 people
Aging population
The phenomenon where the average age of a population is increasing
Demography
The statistical study of population trends
Flexitime
A flexible work practice that allows employees to have control over their work hours within a set core period
Gig economy
Labor markets characterized by short-term contracts and freelance work
Homeworking
The practice of working from home as part of a flexible work arrangement
Human resource management
The overall management of an organization's workforce
Human resource planning
The process of anticipating and identifying the current and future human resource needs of an organization
Mobility of labor
The extent to which workers are able to move between different locations or occupations
Migrant workers
People who move to other countries or regions in search of job opportunities
Net migration
The difference between the number of people immigrating to a country or region and the number of people emigrating from it
Portfolio workers
Individuals who engage in multiple temporary jobs or projects for different employers or clients
Teleworking
A flexible work practice that allows employees to work remotely using telecommunications technologies
Workforce
The total number of employees or workers in a business organization
Accountability
The extent of an individual's or group's responsibility for the success or failure of a task or objective
Bureaucracy
Administrative systems and formal policies and procedures that govern the operations of an organization
Centralization
A decision-making approach where a small group of senior managers retain the authority to make key decisions
Chain of command
The formal lines of authority and communication within an organization
Communication
The transfer of information
Decentralization
A decision-making approach where authority and decision-making responsibility are delegated throughout the organization
Delayering
The process of removing layers or levels in a hierarchical organizational structure
Delegation
The act of line managers entrusting authority and responsibility to employees
Flat organization
An organizational structure with few layers of management between top-level executives and front-line employees
Hierarchical
Referring to a tall or vertical organizational structure with multiple levels of authority
Levels of hierarchy
The number of layers or levels of formal authority within an organization
Line manager
A person directly above an employee in the organizational structure
Managers
Individuals who are responsible for the day-to-day running of a business or department
Matrix structure
A flexible organizational structure that utilizes teams from different departments or functional areas to work on specific projects or initiatives
Organization by function
Structuring the workforce and organizing tasks based on specific business functions or departments
Organization by product
Structuring the workforce and organizing tasks based on the goods or services offered by the organization
Organization by region
Structuring the workforce and organizing tasks based on geographical areas or regions
Organizational chart
A diagrammatic representation of an organization's structure
Organizational structure
The formal interrelationships and hierarchical arrangements within a firm
Outsourced workers
Individuals or organizations hired on a contract basis to perform non-core roles or functions
Peripheral workers
Contingent workers who are employed on a part-time or temporary basis
Professional core
Full-time specialists who are vital for the operations and success of an organization
Project-based organization
An organizational structure that is based on short-term projects or initiatives
Responsibility
The line manager's level of concern and obligation towards the people they are in charge of
Shamrock organization
A flexible organizational structure that incorporates a core workforce
Span of control
The number of workers directly accountable to a line manager
Tall organization
A vertical organizational structure with multiple layers of management between top-level executives and front-line employees
Autocratic management
A management style characterized by centralized decision-making and limited input from others
Democratic management
A management style that involves employee participation in decision-making processes
Functions of management
The roles and responsibilities of managers in coordinating
Intuitive thinking
A managerial approach based on values
Laissez-faire leadership
A leadership style characterized by a hands-off approach
Leadership
The act of inspiring and motivating others towards a common aim or vision
Leadership style
The way in which managers provide direction
Management
The process of getting things done through others by setting objectives
Manager
A person with decision-making authority and responsibility in an organization
Paternalistic management
A management approach that treats workers as family members
Scientific thinking
A long-established approach to management based on objectivity
Situational leadership
A leadership style that requires adaptation to different situations and the ability to adjust leadership behaviors and approaches based on the needs and capabilities of individuals or teams.
SMART objectives
A framework for setting objectives that are Specific
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Flashcard (126)