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EOPA JFarmer 1
Entrepreneurship
| Term | Definition |
|---|---|
| Job Titles | Foreman, Section Head, or Shift Boss. |
| First Line Managers | Low Level Management |
| Anchoring | Adjustment a decision maker carries out based on information presented to him |
| Management Process (CLOPS) | Controlling, Leading ,Organizing and Planning, and Staffing |
| Matrix Orginization | Company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy |
| Hawthorne Studies | Study found that monetary incentives and good working conditions were generally less important in improving employee productivity then meeting employees’ need and desire to belong to a group and be included in decision making and work |
| Cost Leadership | A competitive strategy by which a company to create a low cost of operation within their industry |
| Chain of Command | The order in which authority and power in an organization is wielded and delegated from top management to every employee at every level of the organization |
| Human Skills | The ability to work well with others, work effectively within groups, encourages others to express their thought and feelings, are sensitive to others’ needs and viewpoints, and are good listeners and communicators. |
Created by:
jasminefarmer939
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