An organization that has direct two way lines of

an organization that has direct two way lines of
responsibility, authority, and communication running
from the top to the bottom of the organization, with all
people reporting to only one supervisor
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line personnel
employees who are part of the chain of command that is
responsible for achieving organizational goals
  
staff personnel
employees who advise and assist line personnel in
meeting their goals
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matrix organizations
an organization in which specialists from different parts
of the organization are brought together to work on
specific projects but still remain part of a line and staff
structure
  
cross functional self manage teams
groups of employees from different departments who
work together on a long term basis

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networking
using communications technology and other means to
link organizations and allow them to work together on
common objectives
  
real time
the present moment or the actual time in which
something takes place
  
virtual corporation
a temporary networked organization made up of
replaceable firms that join and leave as needed
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benchmarking
comparing an organizations practices, processes, and
products against the worlds best
  
core competencies
those functions that the organization can do as well as
or better than any other organization in the world
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digital natives
young people who have grown up using the internet and
social networking
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restructuring
redesigning an organization so that it can more
effectively and efficiently serve it customers
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inverted organization
an organization that has contact people at the top and
the ceo at the bottom of the organization chart
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organization (or corporate) culture
widely shared values within an organization that
provide unity and cooperation to achieve common goals
  
formal organization
the structure that details lines of responsibility, and
position; that is, the structure shown on org charts
  

informal organization
the system that develops spontaneously as employees
meet and form cliques, relationships, and lines of
authority outside the formal org
Operations Management
The development and administration of the activities
involved in transforming resources into goods and
services
A specialized area in management that converts or
transforms resources (including human resources) into
goods and services.
  
Manufacturing
The activities and processes used in making tangible
products; also called production
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Production
the act of making, creating or manufacturing
  
Operations
the activities and processes used in making both
tangible and intangible products.