OBHR 401 DAY 2 Flashcards
What are the 7s?
- Strategy
- Structure
- Staff
- Systems
- Super-ordinate goals
- Skills
- Style
What is Strategy?
Strategy is the action taken to ain competitive advantage
What is structure?
Division and integration of organizational units
What is Systems?
formal and informal processes of an organization
What are super-ordinate goals?
mission + vision (guiding concepts)
What is the staff?
selection, training, and socialization to the organization. Competencies are they relate to an organization
What is style?
the way the top management comes across?
What is skills?
company’s crucial attributes
What are the Hard S and what is their nature of them?
Strategy, Structure and Systems. They are easy to manipulate
What are soft S?
Style, Skills, and Staff
intangible and meaningful
What is organizational culture?
Is a way of doing, thinking, feeling, and believing things that have worked in the past and are now embedded in the current organizational belief, values, processes, etc.
What are the three levels of culture?
Artifacts (things you can see): physical signs of culture
Values: what people believe the organization stands for –> ideologies
Assumptions: underlying meanings, hard to see
What happens to firms with stronger cultures?
Pro
- Increased coherence
- High conformity
- Great impact on performance (reliable performance)
Cons
- Can create subcultures that work against the company
- If the environment changes can drastically reduce performance
What’s the Work Hard/Play Hard Culture
Low Risk + Quick Feedback
Examples: Door-to-door sales, residential real estate
What is the Tough Guy, Macho Culture?
High Risk + Quick Feedback (Sports, Management Consulting
Based on speed and not endurance
What is Process culture?
Focus on how you do it not what you do
Slow feedback + Low risk
(Government jobs)
What is Bet the company?
High risk + slow feedback –> invest in the future
the investment bank, oil mining, the exploration phase
What is social ability?
The firm maintaining connection with employees beyond their work, strong relationships, getting along, favouring one another, confiding in one another
What is Goal Unity?
Sharing the same business objectives, productivity addresses poor performance, and the collective will is to win high, competitive advantage to move quickly and capitalize on opportunity, sharing the same strategic goals
What is Fragment?
Low Socialibility Low Goal Unity
I do what I need to do and I get paid to do it (Competitive)
What is Networked?
High Socialibaility Low Goal Unity
- We like each other and we get along
What is a Mercenary?
Low Socialibility + High Goal Unity
(we have a goal and everything we do is surrounded by that goal)
What is communal;?
High Sociliability + Goal Unity
We are all in this together
What are the two elements of vision?
Core Values + Core Purpose (mission)
What are core values?
the things the organization belives in
What are the core purposes?
The reason for the organization’s existence
WHAT IS BHAG ?
Big Hairy Audacious Goals
What are the components of BHAG?
Role Model: Become the Uber of the industry. Emulate someone else’s success
