Chapter18: Management Of Technology And Innovation
Section: Chapter Questions
Problem 11CRQ: Followship is critical to MTl—how does the quality of followship in the organization impact the...
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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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Organizational Structure
Designing your own company
Your company is an FMCG (fast moving consumer goods)
company. This means it has products like the ones that we buy
in the Supermarkets. Right now your company produces only
soap, and has 30 employees. Several departments are
functioning in your company making sure that everything works
as planned. There is the Finance department that takes care of
the money. The R&D (Research & Development) department
which creates the new products and which is divided into 2
parts. The Marketing department is also divided into Marketing,
Sales, and After Sales functions. Finally, there is the Distribution
department that deals with bringing the product to the retailers.
The heads of the departments have the title of the Vice
President, whereas the people in the sub-divisions have the title
of the Manager. Here we have a flat organization, where Vice
Presidents have equal power and access to the CEO.
Draft the Organizational Chart of your company.
Your company has betu doINY ExTie eV wêlINow vour.
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