Chapter 11 academic vocabulary

Vertical organization
corporations perform steps in the production process at different places in the world.
Horizontal organization
A structure where top management shares decision making with self-managing teams of workers who set their own goals and make their own decisions.
Top management
highest level of management, consisting of the president and other key company executives who develop strategic plans
Middle management
Which level of management includes job titles such as general manager, division manager, or plant manager?
Supervisory level management
Managers who supervise the activities of employees who carry out the tasks determined by middle and top management.
the process of anticipating future events and determining strategies to achieve organizational objectives in the future
Deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom
Mission statement
expresses the purpose of the organization
monitoring progress toward goal achievement and taking corrective action when needed
The expansion of employees’ knowledge, tasks, and decision-making responsibilities

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