ABM Prelims Notes PDF

**PRIMITIVE STAGE**: During this stage, human being had minimum needs in life and living was simple. **FINANCIAL SECTOR:** the banks and other financial institutions **THE CUSTOMER AND OTHER STAKEHOLDERS:** the determinant of the existence of an organization **THE LINE AS CARRIER OF ACCOUNTABILIT...

**PRIMITIVE STAGE**: During this stage, human being had minimum needs in life and living was simple. **FINANCIAL SECTOR:** the banks and other financial institutions **THE CUSTOMER AND OTHER STAKEHOLDERS:** the determinant of the existence of an organization **THE LINE AS CARRIER OF ACCOUNTABILITY:** The line element is the means of establishing the manager\'s functions of accountability for results. **LINE MANAGERS:** They have responsibility and authority for the direct accomplishments of the primary objectives of the organization. **THE CHAIN OF COMMUNICATION:** in which members are connected through **THE LINE AUTHORITY:** Managers identified in the line are getting the direct command from the top of the line. **THE LINE AS THE CHAIN OF COMMAND:** In accepting the line responsibility, it is clear that the line managers serve only as staff assistant to the top of the line. **ADOPTION OF THE IDEA:** After considering the proposed idea, the top management has to adapt new policy guidelines to implement the proposed change. **THE MIDDLE LEVEL:** directly in-charge with the operation of the line departments or divisions **ORGANIZATIONAL SIZE:** statistical number of employees in the organizational set up **CENTRALIZATION:** when decision-making is done at highest level **DECENTRALIZATION:** when lower management are given the authority to make decisions **VERTICAL COMPLEXITY:** It refers to the number of the number of levels in the hierarchy or the ladder of authority from highest to the lowest level, that is from President to the levels of supervisors and subordinates. **ORGANIZATIONAL STRATERGY:** goals that define its purpose **FORMALIZATION:** written documents **PERSONNEL RATIO:** proportion of the total number of employees spread in the different functions in the organizational hierarchy **SPATIAL COMPLEXITY:** It is when the organization develops branches or subsidiaries, and they are located in different areas or places in the country or region. **ORGANIZATIONAL TECHNOLOGY:** It pertains to the use of modern facilities in the production of goods and services. **STANDARDIZATION:** It is the process where procedures, machines, and measuring instruments are set to be repeatable or attainable level as basis of measurement of performance **SPECIALIZATION**: It is the division of labor into specific functions to carry out the tasks of the organization. **HIERARCHY OF AUTHORITY:** It refers to the chain of command in the organizational ladder. **HORIZONTAL COMPLEXITY**: It pertains to the number of departments or sections in the organizational line of authority. **PROFESSIONALISM:** level of formal education required of a manager ORGANIZATIOINAL ENVIRONMENT: It includes the government, industry, customers, suppliers. and the financial community. ===================================================================================================================== **PLANNING:** the course of action to achieve the desired results **SALES VOLUME:** the quantity of products produced and the amount of customer **STOCKHOLDER'S DIVIDENDS:** Stockholders would be encouraged to put in more money when their capital investments will generate more dividends**.** **FORECAST:** a mathematical technique of analysis to predict the frame of reference which the activities are likely to happen **PROGRAM:** sequential line of activities to implement policies and designed plans **GOALS:** Establish the parameters of company operation that can grow and change in an orderly manner with a well-defined direction**.** **SOCIAL OBJECTIVES:** These include the non-profit objectives on theh company in their operation in the social environment. **MANAGEMENT PLANNING:** It involves the development of systems of work activities that will happen in the future **SHARE OF THE MARKET:** the percentage of the market that it penetrates manufacturers of the same products **PROFIT PESO MARGIN:** total profit that will be generated in company operation **ECONOMIC OBJECTIVES:** These refers to the goals that put into specific terms the vision and mission of the organization in operational terms. **RETURN ON CAPITAL INVESTMENTS:** amount of money that will be generated against total investments **COMPANY POLICY:** sets the objective in motion, a principle and rule for action **FORECASTING:** the systematic approach to probe the future business events from available data and information. **ECONOMIC OBJECTIVES:** These refer to market goals and what it intends to do in order for the business to prosper. **ACTIVITY PLANNING:** This pertains to the planning activities of the Line and operational managers in their day to day work programs**.** **MEDIUM -- RANGE PLANNING:** more than two years but less than 5 years **LONG -- RANGE PLANNING:** more than five years **SHORT-RANGE PLANNINGG:** one or two years