๐ Organizational Charts: Think of it like a family tree for businesses. It shows who's who and who reports to whom.
Levels of Hierarchy: The layers of authority in a company. Imagine a cake with several layers. The topmost layer might be the CEO, while the bottom might be an intern. A 4-tier cake might have a CEO, managers, supervisors, and then employees!
Chain of Command: It's the decision-making path. Imagine playing "Chinese Whispers". If the CEO whispers a command, it might go through various people before reaching the junior employee, like from CEO โก๏ธ Marketing Executive โก๏ธ Assistant 1 โก๏ธ Junior.
Span of Control: Imagine being a teacher. If you're responsible for 5 students, your span of control is 5. But remember, not everyone under a leader is counted. The school janitor doesn’t report to the teacher, right?
Delegation: Imagine a captain of a football team. They might let a teammate take a penalty, but if the kick fails, guess who the fans blame? The captain! Similarly, in business, leaders can assign tasks, but they're still responsible if things go south.
Centralization vs. Decentralization
Bureaucracy: Think of this as a school with LOTS of rules. Want to go to the bathroom? Fill a form. Want to drink water? Permission needed. It's super structured, but not always efficient.
Delayering: Let's say in a video game you've got many levels to cross. Now, imagine the game designers remove a few middle levels. That's delayering! In business, it means cutting down managerial layers to make things smoother.
Matrix Structure: Picture this – you're in a school play. You have a director, but you also take advice from the music teacher, dance instructor, and drama teacher. That's a matrix! Multiple people guiding one project.
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐
๐ Organizational Charts: Think of it like a family tree for businesses. It shows who's who and who reports to whom.
Levels of Hierarchy: The layers of authority in a company. Imagine a cake with several layers. The topmost layer might be the CEO, while the bottom might be an intern. A 4-tier cake might have a CEO, managers, supervisors, and then employees!
Chain of Command: It's the decision-making path. Imagine playing "Chinese Whispers". If the CEO whispers a command, it might go through various people before reaching the junior employee, like from CEO โก๏ธ Marketing Executive โก๏ธ Assistant 1 โก๏ธ Junior.
Span of Control: Imagine being a teacher. If you're responsible for 5 students, your span of control is 5. But remember, not everyone under a leader is counted. The school janitor doesn’t report to the teacher, right?
Delegation: Imagine a captain of a football team. They might let a teammate take a penalty, but if the kick fails, guess who the fans blame? The captain! Similarly, in business, leaders can assign tasks, but they're still responsible if things go south.
Centralization vs. Decentralization
Bureaucracy: Think of this as a school with LOTS of rules. Want to go to the bathroom? Fill a form. Want to drink water? Permission needed. It's super structured, but not always efficient.
Delayering: Let's say in a video game you've got many levels to cross. Now, imagine the game designers remove a few middle levels. That's delayering! In business, it means cutting down managerial layers to make things smoother.
Matrix Structure: Picture this – you're in a school play. You have a director, but you also take advice from the music teacher, dance instructor, and drama teacher. That's a matrix! Multiple people guiding one project.
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐