IGCSE Business Studies Key Terms 7

the number of levels in an organisational structure

an organisation of workers aimed at improving pay and working conditions plus other services

a leadership style where most of the decisions are left to the workers

reducing the size of the hierarchy by removing one or more levels - often middle management

appointed or elected members of the Board of Directors 

the most senior manager responsible for the overall performance and success of a company

organisation where the important decision-making power is held at Head Office or the centre

a leadership style where the leader makes all the decisions

the number of subordinates reporting to each supervisor/manager

organisation where decision-making powers are passed down the organisation to lower levels 

an employee who is below another employee in the organisational hierarchy

an individual in charge of a certain groups of tasks or an area or department of a business

the main activities of business finance, marketing, operations, HR and R and D

an individual who checks and controls the work of subordinates

passing authority down through the organisational hierarchy to a subordinate

a meeting for shareholders that limited companies must hold once every year

the formal, internal, framework of a business that shows how it is managed and organised

a leadership style where workers take part in decision-making

the route through which authority is passed down through an organisation