Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
29 Cards in this Set
- Front
- Back
Strategic Management
|
The science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve it objectives.
|
|
Stakeholder Analysis
|
isa useful tool for demonstrating some of the seemingly irresolvable conflictsthat occur through the planned creation and introduction of new projects. |
|
Project Stakeholders
|
aredefined as all individuals or groups whohave an active stake in the project and can potentially impact, eitherpositively or negatively, its development. |
|
Internal Stakeholders
|
-Top management -Accountant -Other functional managers -project team members |
|
External Stakeholders |
-Competitors -Suppliers -Environmental, Politcal, consumer, and othe intervener groups |
|
Organization Structure Consist of 3 key elements: |
1. Designation of reporting relationships: o number of levels in the hierarchy o span of management(span of control) 2. Identifies groupingsof: o individuals into departments or teams o departments into the total organization 3.Design ofsystems for: o effective communication o coordination o integration across departments |
|
Types of ORG sturcutss
|
Funcational Project Matrix |
|
Functional organizatios
|
|
|
Project organization |
group people into project teams on tempory assignments. |
|
matrix organization
|
combination of both project and functional |
|
Chain of command
|
|
|
Authority
|
|
|
Responsiility
|
the duty to perform the task or activity assigned |
|
Advatages of a functional org
|
-Workers learn readily from each other -share resources -keep same manager |
|
Disadvantages of a functional org |
-slow communications across multiple functions and channels -technical difficulty In incorporating input from other disciplines |
|
Projectized Organizations
|
•Theproject manager _______assigns projects________, applies resources, and directs personnelassigned to the project •Thereare ____no formal________ departments •Thereporting manager is a _________project manager________, not a functional manager |
|
Advantages of Projectized ORGan
|
•Traditionaldepartment barriers are reduced o People from different functions report tothe same manager •_______Unity of Command________– only one “boss” is giving instructions; _________Effective decision making___________________ •Communicationresponse times ___are fast________ •____Co-location_______– team members are physically close o Enhanced project team identity o Strong customer focus o Effective integration effort o Creates project management ______experts___ |
|
Disadvantages of Projectized ORGANs
|
•_____Cost__of assigning team members to onlyone part-time project •Teams development work methods thatdiffer from the organization •Teams may fail to communicate ________lessons learned_________; no ___specific____ knowledge pooled •Possible ___loyalty____ to project and not thefirm |
|
Matrix Organization
|
•Theproject manager and functional manager _____share responsibility ____ •Teammembers report to ___both the project and functional manager__________ •Acombination of the task focus of the projectized organization with thetechnical capability of the functional organization |
|
Advantages of a matrix Org
|
•____shared___resources between departments and projects •______cooperation between functional and project managers •___high quality________decisions are well received •Continueddevelopment of discipline specific knowledge •Effective_____integration______; promotes coordination •Lessonslearned shared effectively •Flexibilityfor dynamic environments |
|
Disadvantages
|
•Eachemployee has _____two bosses_______ •Moresources of ____conflict____ •more meetings •Morechallenges to control |
|
Project Management Office
|
Centralizedunits that oversee or improve the management of projects
Threetypes of PMO WeatherStation Trackingand monitoring ControlTower Establishesand ensures project standards met ResourcePool Ahelper resource for projects; supplies team members |
|
Spanof Management
(aka “span of control”) |
•The _____number of employees_____________is span of management •_______inherent part_____of organizational structure •Factorsassociated with less supervisorinvolvement and larger span of control ØWork is stable and _______ ØSubordinates perform similar work ØSubordinates in single location ØHighly trained and need little direction ØRules and procedures are _______ |
|
Organization culure
|
•__________formal and informal____shared among members of the organization •___Value____– personal standards that influence judgments, interaction with others, andorganizational goals |
|
Organization culture
|
• isthe shared social knowledge within an organization regarding the_rules, norms, values___that shape the _attitudes and behaviors______ of its employees. oCultureis _____social knowledge_____ among members of the organization. oCulturetells employees what the rules, _norms_____, and __values_ are within the organization. -Organizationculture shapes and reinforces certain employee attitudes_and _behaviors__ bycreating a system of control over employees. |
|
CultureComponents
|
•_______Observable artiacts_____________are the manifestations of anorganization’s culture that employees can easily see or talk about. o____Symbols____ can be found throughout an organization,from its corporate logo to the images it places on its Web site to the uniformsits employees wear. o__________Physical structures ________ include the organization’s buildings andinternal office designs. o____Language____ reflects the jargon, slang, and slogansused within the walls of an organization. |
|
CultureComponents, Cont’d
|
•Observableartifacts, continued o____Stories____consist of anecdotes, accounts, legends,and myths that are passed down from cohort to cohort within an organization. o____Rituals____are the daily or weekly planned routinesthat occur in an organization. o____Ceremonies____are formal events, generally performed infront of an audience of organizational members. •____Espoused values_______are the beliefs, philosophies, and normsthat a company explicitly states. oPublished documents, verbal statementsmade to employees by managers. |
|
Basicunderlying assumptions
|
•aretaken-for-granted beliefs and philosophies that are so ingrained that employees_____simply act on them_ rather than questioning the validity of their behaviorin a given situation. |
|
TwoDimension of Org Cultures
|
•“_____solidarity____”– the degree to which group members think and act alike •“____sociability______”– represents how friendly employees are to one another |