Mgmt 326 3 Of 4

Front 1

Gainsharing programs

Back 1

Designed to share the cost savings from productivity improvements with employees.

Front 2

Scanlon plan

Back 2

Similar to gainsharing but the distribution of gains is tilted much more heavily towards employees

Front 3

Stock option plan

Back 3

Established to give senior managers the option to buy company stock in the future at a predetermined fixed price

Front 4

Group

Back 4

Consists of two or more people who interact regularly to accomplish a common goal

Front 5

Functional group

Back 5

A permanent group created by the organization to accomplish a number of organizational purposes with an unspecified time horizon.

Front 6

Informal or Interest group

Back 6

Created by its members for purposes that may or may not be relevant to those of the organization.

Front 7

Task group

Back 7

A group created by the organization to accomplish a relatively narrow range of purposes within a stated or implied time horizon.

Front 8

Team

Back 8

A group of workers that function as a unit, often with little or no supervision to carry out work-related tasks, functions, and activities.

Front 9

Virtual Team

Back 9

Team comprised of people from remote work sites who work together online.

Front 10

Norms

Back 10

Standards of behavior that the group accepts for and expects of its members.

Front 11

Control

Back 11

The regulation of organizational activities in such a way as to facilitate goal attainment.

Front 12

Operations control

Back 12

Focuses on the processes the organization uses to transform resources into products or services

Front 13

Financial control

Back 13

Concerned with the organizations financial resources.

Front 14

Structural control

Back 14

How the elements of the organizations structure are serving their intended purpose

Front 15

Strategic control

Back 15

Focuses on how effectively the organizations strategies are succeeding in helping the organization meet its goals

Front 16

Purposes of control

Back 16

Adapting to environmental changeLimiting the accumulation of errorCoping with organizational complexity Minimize costs

Front 17

Levels of control

Back 17

operational, financial, structural, and strategic

Front 18

Financial control types

Back 18

Budget, financial statement, balance sheet, income statement, ratio analysis, audit

Front 19

Steps in control process

Back 19

Establish standards measure performancecompare performance against standardsDetermine need for corrective actionMaintain Correct deviation Change standards

Front 20

A force-field analysis identifies

Back 20

Factors that facilitate or hinder organization change.