Top Management Level - Strategic Planning
Top Management Level - Strategic Planning
Top Management Level - Strategic Planning
7. What is Budget?
A budget is used to anticipate a company's financial outcomes and financial status
for the future. It's used for budgeting and performance measurement, which might
include things like purchasing fixed assets, launching new goods, training personnel,
establishing bonus schemes, and regulating operations, among other things. In personal
aspect, a budget is a written plan that outlines how you want to spend your money each
month. A budget assists you in ensuring that you will have sufficient funds each month.
You can run out of money before your next payday if you don't have a budget.
4. What must be the concern of the engineer manager when structuring the
organization?
The following are the things that the engineer must be mindful when structuring an
organization:
(a) Division of labor – determining the scope of work and how it is
combined in a job
(b) Delegation of authority – the process of assigning various degrees of
decision-making, authority to subordinates
(c) Departmentation – the grouping of related jobs, activities, or
processes into major organizational subunits
Name: Lester Khiets Roa Course & Section: BSCE 2-A
7. What are the types of organization structures? How may they be distinguished?
The types of organizational structures are divided into classifications such as
Functional organization, Product or market organization, and Matrix organization and
they can be distinguished according to their purpose.
(a) Functional organization - A functional organization is one that is organized
on the concept of specialization based on function or role.
(b) Product or market organization – refers to the organization of a company
by divisions that brings together all those involved with a certain type of
product or customer.
(c) Matrix organization – is an organizational structure in which each
employee reports to both a functional or division manager and to a project or
group manager.
Name: Lester Khiets Roa Course & Section: BSCE 2-A