TEST 3 notes

TEST 3 notes - TEST#3 Important to the Economy good paying...

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TEST #3 Important to the Economy- good paying jobs, lower price, easy credit terms -Less important- higher company profits, high executive pay -10% of employees look forward to going to work and most point to a lack of leadership Seven Secrets of Inspiring Leaders 1. Demonstrate enthusiasm- passion 2. Articulate a compelling course of action 3. Sell the benefit 4. Tell stories 5. Invite participation 6. Reinforce an optimistic outlook 7. Encourage potential Key elements of an Organization People - who- engines of business Roles - what each person does Objectives - what needs to get done… alignment -Assignments -Both team/individuals -Every organization is unique. What works at one may not work for another Organizing Process Planning- Consider corporate Mission& Objectives. Relate your organizational goals and corporate goals. Defining The Job- Determine major Functions and related Tasks that have to be performed, and develop job tours as appropriate to support corporate mission. Departmentalization- Group Jobs into Operational Units, often called Sections or Departments. Form departments by major functions. Chain of Command- Design a formal structure of tasks, authority and relationships of organization members. -DEVELOP A FORMAL ORGANIZATIONAL STRUCTURE
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- The primary function of any organization structure is to achieve the mission and objectives. Different missions and objectives require different organization structure. The Organization Chart- Often One Page (p. 104) Chain of Command - The flow of authority from top to bottom. Delegation of responsibility and accountability also flows from top to bottom. Authority must accompany responsibility. Departmentalization - Grouping of activities into units within the organization, I.E., Marketing Span of Control or Span of Management Degree of Centralization/Decentralization of Authority Organizational chart is not just a piece of paper, showing what title everyone has. It defines accountability, responsibility, and reporting relationships An organizations/leaders personal belief about people shapes/brands/grips a business A collective mindset shapes the results Theory X - Lazy - Need to be motivated - Repeat the past - Don’t care - Just get through the day Theory Y - Self starting - Motivate themselves - Creative/innovative change - Improve to make better - A better future The Future -Accelerated speed of business/ Chance -Increased customer focus -Increased customer complexity -Declining talent/labor market -Growth of generation X and Y Businesses need to find out how to do more with less
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This note was uploaded on 04/07/2008 for the course BUS 100 taught by Professor Mo during the Spring '08 term at Indiana.

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TEST 3 notes - TEST#3 Important to the Economy good paying...

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