Business2

Whether the strategy will succeed, depends on its …

capacity and culture

Appraisal

Monitoring people and giving feedback to them

Inclusion

Ensuring that people from diverse backgrounds feel included into the team

Staffing

the number of staff

Shamrock Organization

they are composed of 3 parts: permanent core employees, temporary staff, and employees of other organizations, hired in under contract

Peter Principle

the higher the hierarchy ladder an individual goes, the more likely he is to fail in his new position

Resilience

refers to the ability of an organization to recover from shocks and absorb the quickly

Organizational fitness for purpose

an evaluation of how well an organization or team delivers what it is in the business of (its purpose)

Sample of an organizational layout Import/Export company

It is important to sometimes impose informal relationships amongst the organization in order to exchange more ideas and info. However, …

they should be controlled by the directors, since an overly extensive informal communication among the staff may establish some alternative power centres

Coercive power

when someone in a position of power uses the threat of punishment to force subordinates into complying with their demands. Fear of punishment is the incentive to comply

Reward Power

the ability to reward others when they follow your wishes or instructions

Legitimate Power

a form of power that derives from the authority or position that a person holds in the organization

Referent Power

the power, which is dependent on our ability to make connections with other people and get their attention

Expert Power

a type of power, which derives from personal knowledge and experience

Informational Power

“Knowledge is power“

M-Form organization

multidivisional firm in which each division represents a product or geographic unit responsible for its own profit or loss, subject to considerable strategy setting and resource allocation by the corporate central office

FMCGs

Fast Moving Consumer Goods

Flows

movement of capital through the production system, either a single prod. facility or a group of facilities

A Circular Economy

a model of resource prod. and cons. in any economy that involves sharing, leasing, repairing, reusing … existing materials as long as possible