Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 2 - Human Resource Management - QB
Business Management HL
Business Management HL

Unit 2 - Human Resource Management - QB

Unlocking Business Structures: Comprehensive Guide To Organizational Charts

Word Count Emoji
689 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

๐Ÿ“Œ Organizational Charts: Think of it like a family tree for businesses. It shows who's who and who reports to whom.

Concepts & real - life examples ๐ŸŽ“

  • 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 โžก๏ธ Marketing Executive โžก๏ธ Assistant 1 โžก๏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

    • Centralization: Imagine a classroom where only the teacher makes decisions. It's very orderly but not always the most creative space.
    • Decentralization: Now, imagine a classroom where the teacher lets students choose their projects. More freedom, more creativity!
  • 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.

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IB Resources
Unit 2 - Human Resource Management - QB
Business Management HL
Business Management HL

Unit 2 - Human Resource Management - QB

Unlocking Business Structures: Comprehensive Guide To Organizational Charts

Word Count Emoji
689 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

๐Ÿ“Œ Organizational Charts: Think of it like a family tree for businesses. It shows who's who and who reports to whom.

Concepts & real - life examples ๐ŸŽ“

  • 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 โžก๏ธ Marketing Executive โžก๏ธ Assistant 1 โžก๏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

    • Centralization: Imagine a classroom where only the teacher makes decisions. It's very orderly but not always the most creative space.
    • Decentralization: Now, imagine a classroom where the teacher lets students choose their projects. More freedom, more creativity!
  • 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.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ