Week 3- Management theories Flashcards
organization
managers structure organizational resources to achieve organization purpose
organizations exist when..
people interact with each other to perform functions and achieve goals
Strategic planning process
action plan with target dates that aims to grow and renew organization
- should help guide decision making
- can be 3-5 years
steps of strategic planning
vision, mission, goals
vision component of strategic planning
what is the direction of the organization
mission component of strategic planning
what you’re going to do and for who
goal component of strategic planning process
how to measure and guide your strategy
steps of a strategic plan
SWOT analysis –> stakeholder analysis –> literature review for evidence and best practice –> goals and objectives –> identify resources needed –> identify timeline
fundamental qualities of a leader
vision, passion, integrity
formal leader
person is in a position of authority with assigned role
informal leader
individual who demonstrates leadership with unofficial role
followership
skilled employees who participate in setting a groups direction
Hawthorne effect
people are more productive and satisfied when they participate in decisions about their work environment
McGregor theory X
employees are uncreative and must be coerced for forced to do their work
McGregor theory Y
employees can be creative and motivated by work