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Staff and line are names given to different types of functions in organizations. A line function is one that directly advances an organization in its core work. [1] This always includes production and sales, and sometimes marketing. [2] A staff function supports the organization with specialized advisory and support functions. [3]
[5] [6] This chart was drawn by George Holt Henshaw. [7] The term "organization chart" came into use in the early twentieth century. In 1914 Brinton [8] declared "organization charts are not nearly so widely used as they should be. As organization charts are an excellent example of the division of a total into its components, a number of ...
The term business operating system (BOS) refers to standard, enterprise-wide collection of business processes used in many diversified industrial companies. The definition has also been extended to include the common structure, principles and practices necessary to drive the organization.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
While business giants risk becoming too clumsy to proact (such as), act and react efficiently, [29] a network organization can contract out any business function that can be done better or more cheaply. In essence, these types of network structures' managers spend most of their time coordinating and controlling external relations, usually by ...
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
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Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.