ASSIGNMENT

Submitted to:
Mam Ayesha nazish butt
Submitted by:
Rabia Ahsan 18550920-219
Nayab shahid 18550920-158
Section:
“C ‘’
Department:
BBA (2nd)
Course code:
MGT-10
Title:
definitions
1-Organization:
an organization in its simplest form (and not necessarily a legal entity, e.g., corporation) is a
group of people intentionally organized to accomplish an overall, common goal or set of goals.
or
The definition of organization refers to the act of putting things into a logical order or the act of
taking an efficient and orderly approach to tasks, or a group of people who have formally come
together.
2-Manager:

An individual who is in charge of a certain group of tasks, or a certain subset of

a company. A manager often has a staff of people who report to him or her.

For example, a restaurant will often have a front-of-house manager who helps the patrons, and
supervises the hosts; or a specific office project can have a manager, known simply as the project
manager. Certain departments within a company designate their managers to be line managers,
while others are known as staff managers, depending upon the function of the department.

3-Organization:
A social unit of people that is structured and managed to meet a need or to pursue
collective goals. All organizations have a management structure that determines relationships
between the different activities and the members, and subdivides and assigns roles,
responsibilities, and authority to carry out different tasks. Organizations are open systems--they
affect and are affected by their environment.
4-Efficiency:
Efficiency signifies a level of performance that describes using the least amount of
input to achieve the highest amount of output. Efficiency requires reducing the number of
unnecessary resources used to produce a given output including time and energy.
5 -effectiveness

The degree to which objectives are achieved and the extent to which targeted problems
are solved.
In contrast to efficiency, effectiveness is determined without reference to costs and, whereas
efficiency means "doing the thing right," effectiveness means "doing the right thing."

6-Goal:
 An observable and measurable end result having one or more objectives to be
achieved within a more or less fixed timeframe.

7-difference between goals and objective:

What Are Goals?

Goals are statements you make about the future for your business. They represent your
aspirations for it. You might say, “We seek to be the most widespread widget maker in the
country.” This statement demonstrates that you have lofty plans for your business, but it does not
say specifically how you can meet your goal.
What Are Objectives?
Objectives are the exact steps your company must take to reach its goals. They are written
without emotion, and they are typically measurable and quantifiable. They also are realistic and
attainable and have an associated timeline.

For example “We will increase our sales by 3 percent in each quarter of this year in each region
in which we currently operate’’.
8-difference between plan and strategy:
What is a Plan?
A plan is an arrangement, a pattern, a program, or a scheme for a definite purpose. A plan is very
concrete in nature and doesn’t allow for deviation. A plan is most useful when staying well
organized and on-track is the highest priority. A plan provides a coherent framework from which
to build and a sure direction to follow, with intermittent milestones to pass in order to reach an
end goal. A plan gives

What is a Strategy?
A strategy, on the other hand, is a blueprint, layout, design, or idea used to accomplish a specific
goal. A strategy is very flexible and open for adaptation and change when needed. A strategy is
most useful when creativity, collaboration, and innovation are of the utmost importance. A
strategy encourages openness and debate from every side of the equation. A strategy embraces
questions and out-of-the-box, effective answer.

8-Decision:

A choice made between alternative courses of action in a situation of 8the action or process of
deciding something or of resolving a question.
"the information was used as the basis for decision"
the ability or tendency to make decisions quickly; decisiveness.
10-Policy:
one of a set of explicit or understood regulations or principles governing conduct or
procedure within a particular area of activity.
11-rule:

12-Stockholder:

an independent party with whom each of those who make a wager deposits the
money or counters wagered.
a person with an interest or concern in something, especially a business.

13-Shareholder:

An individual, group, or organization that owns one or more shares in a company, and in whose
name the share certificate is issued.It is legal for a company to have only one shareholder. Also
called (in the US) stockholder.

11-Norm:

Informal guideline about what is considered normal (what is correct or incorrect)

social behavior in a particular group or social unit. Norms form the basis of collective
expectations that members of a community have from each other, and play a key part in
social control and social order by exerting a pressure on the individual to conform. In short,
"The way we do things around here."

Formal rule or standard laid down by legal, religious, or social authority

against which appropriateness (what is right or wrong) of an individual's behavior is judged.

12-Beliefs:
an acceptance that something exists or is true, especially one without proof.

"his belief in extraterrestrial life"

.trust, faith, or confidence in (someone or something).
"a belief in democratic politics"
 lasting beliefs or ideals shared by the members of a cultureabout what is good or
badirable or undesirable. Values have major influence on a person's behavior and attitude and
serve as broad guidelines in all situations. Some common businessvalues are
fairness, innovation .

 The monetary worth of something in areas such as accounting, economics, marketing or

mathematics. See also value.