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Transcript of Copyright © Glencoe/McGraw-Hill Slide 1 of 16 BUSINESS MANAGEMENT Real-World Applications &...
Copyright © Glencoe/McGraw-Hill Slide 1 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
In this section: Sometimes managers help create the organizational structure of their company. This section discusses:
• Factors Affecting Organizational Structure• Organizing a Company into Departments• Understanding the Role of Company Leadership
Copyright © Glencoe/McGraw-Hill Slide 2 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
What You’ll Learn
• The different ways in which companies organize their departments.• Why a company’s structure needs to change as the company
grows.• The role of the chief executive officer.• The role of the board of directors.
Copyright © Glencoe/McGraw-Hill Slide 3 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Why It’s Important
Managers both help create and work within organizational structures.
Copyright © Glencoe/McGraw-Hill Slide 4 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Key Terms
• committee
• chief executive officer
• board of directors
Copyright © Glencoe/McGraw-Hill Slide 5 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Factors Affecting Organizational Structure
• Size
• Type of Service or Product
A job design describes the work an individual or group of individuals is supposed to perform. It has two parts:
Copyright © Glencoe/McGraw-Hill Slide 6 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Copyright © Glencoe/McGraw-Hill Slide 7 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Organizing a Company into Departments
• Organizing Departments by Work Functions
• Organizing Departments by Product
• Organizing Departments in Other Ways
Copyright © Glencoe/McGraw-Hill Slide 8 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Organizing Departments by Work Functions
• Production—the actual creation of a company’s goods or services.• Marketing—product development, pricing, distribution, sales, and
advertising.• Finance—maintains financial statements and obtains credit so
company can grow.• Human resources—hires employees and places them in
appropriate jobs.
Copyright © Glencoe/McGraw-Hill Slide 9 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Copyright © Glencoe/McGraw-Hill Slide 10 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Copyright © Glencoe/McGraw-Hill Slide 11 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Understanding the Role of Company Leadership
Three examples of leadership roles in organizational structures include:
1. Committees2. Chief Executive Officer3. Board of Directors
Copyright © Glencoe/McGraw-Hill Slide 12 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Committees
Guidelines for choosing and managing a committee are:
• clearly define the committee’s function• establish authority figures within a committee• set clear goals for members to attain• decide on the limits of a committee’s power
Copyright © Glencoe/McGraw-Hill Slide 13 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Chief Executive Officer
The chief executive officer (CEO) is the top executive in a company. Along with other senior managers, the CEO:
• sets the company’s objectives
• makes decisions about meeting the company’s objectives
• determines who fills senior management positions
cont.
Copyright © Glencoe/McGraw-Hill Slide 14 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Chief Executive Officer cont.
• develops the company’s long-term strategies
• attends the company’s annual stockholders’ meeting and answers questions about the company’s activities
• takes charge of the company in a crisis
• works with the board of directors
Copyright © Glencoe/McGraw-Hill Slide 15 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Board of Directors
The role of the board of directors includes:
• being the legal representative of a company’s stockholders (a company’s owners)
• approving the most important decisions made by the company’s CEO
• examining all major decisions to ensure that they are in the best interest of the company’s stockholders
Copyright © Glencoe/McGraw-Hill Slide 16 of 16
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 13.2Creating an Organizational Structure
Fact and Idea Review1. What are the three organizational stages a company will go
through?2. Name two different ways a company can organize its
departments.3. Explain some of the duties of a chief executive officer.4. What is the difference between an inside board member and an outside board member?5. How can a manager increase committee efficiency?