BMGT 110 Chapter Notes - Chapter 8: Morale, Organizational Chart, Departmentalization

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 110
• Professor: Hugh Turner

Document Summary

Understanding business chp 8: everyone is reoganizing a. How a business is organized is an important factor on whether that business will succeed a. ii. Companies everyday are reorganizing themselves to adapt to market changes by going back to their basic principles and rebuilding a stronger structure: building an organization from the bottom up b. i. Organizing is when a business determines what needs to be done in order to earn profits b. ii. Division of labor is when the tasks are divided up among the employees of the business b. ii. 1. It would be better to know every employee"s strength and weakness in order to decide what tasks to assign to them b. iii. Job specialization is dividing tasks into smaller jobs b. iv. Departmentalization is when groups of people do different specialized task b. v. Normally a business starts by organizing production or services b. vi. Eventually, a business will be wealthy enough to hire accountants to record the transactions and advertisers to create advertisement b. vii.