2300 book notes

Hold specific individuals or groups responsible for

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Unformatted text preview: try independent of any local direct involvement STEP THREE - PLAN AND IMPLEMENT STRATEGY • 1. allocate responsibility for implementation to the appropriate individuals or groups • 2. draft detailed action plans that specify how a strategy is to be implemented • • • 3. establish a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan 4. allocate appropriate resources to the responsible individuals or groups 5. hold specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals Effective Team Management • • • • • • • group - two or more people who interact with each other to accomplish certain goals or meet certain needs team - group whose members work intensely with one another to achieve a specific common goal or objective o difference between group and team ! intensity with which team members work together and the presence of specific, overriding team goal or objective help organizations gain competitive advantage o enhance its performance o increase its responsiveness to customers o increase innovation o increase employees' motivation and satisfaction groups and teams as performance enhancers o opportunity to obtain synergy - performance gains that result when individuals and departments coordinate their action s o "the whole is more than the sum of its parts" - people produce better work together than separately and then combining it o potential for synergy may be why more empowerment is not incorporated into managers' leadership styles groups, teams, and responsiveness to customers o sometimes lower level employees are most attuned to customers' needs but they may not have the technical expertise needed for new product ideas o cross-functional teams are important teams and innovation o people don't always have all the skills necessary to innovate on their own o in groups, errors or false assumptions can be caught earlier groups and teams as motivators o employees are usually more satisfied in teams o lower turnovers o employees feel connected to others Types of Groups and Teams • • • • • • • • formal groups - a group that managers establish to achieve organizational goals o cross functional o cross cultural informal groups - a group that managers or nonmanagerial employees form to help achieve their own goals or meet their own needs top management team- a group comprised of the CEO, the president, and the heads of the most important departments o tend to be cross-functional o diversity guides against groupthink research and development team - a team whose members have the expertise and experience needed to develop new products o can be cross functional again command groups - a group composed of subordinates who report o the same supervisor; can also be called department or unit o top managers establish an organization's structure and command flow, establishing command groups task forces- a committee of managers or nonmanagerial employees fr...
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