COMM 200 Chapter Notes - Chapter 8: Management System, Departmentalization

• School: Queen's University
• Department: Commerce
• Course: COMM 200
• Professor: Darren Mc Caugherty

Document Summary

Chapter 8 developing your business structure and. There are four key components for a business system: organizational structure, culture, and management approach. Defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goal and objectives metrics relating to productivity, market share growth, and asset performance ex. Financial management systems, along with the establishment of key success: mechanisms for effective talent management. Refers to the decision-making hierarchy, the delegated span of control within an organization, and the allocation of position power within it: operational processes and market support and alignment. Focuses on the processes and initiatives needed to support and direct product/service transformations within the organization the creation of value proposition applicable to such products/services. These operational and market support processes are commonly referred to as the value chain. The value chain is the processes and initiatives needed to support and direct the product/ service transformation within the organization.