MGCR 423 Lecture Notes - Lecture 20: Professional Association Of Diving Instructors, Social Proof, Core Foundation

• School: McGill University
• Department: Management Core
• Course: MGCR 423
• Professor: Biswanath Bhattacharyay

Document Summary

Will find out your presentation date on nov. 15th (next class) Mission statement: ambition and realism (quantify!: should sound ambition, market share, (cid:862)o(cid:374)e of the (cid:271)est(cid:863), (cid:862)the (cid:271)est(cid:863), (cid:862)top 3(cid:863) Business strategy question important to know where you are positioned and your strategic objectives: core foundation. External vs. internal analysis identify opportunities and issues (fact-based approach) Value chain tool used often in real life: options that link in the value chain. Minto: how you communicate an idea in real life. Stakeholders: when making strategy, you need to think of all the stakeholders impacted by your strategy. Corporate governance: aligning shareholders and organization, board is responsible for this, principle vs. agent (agency theory) Organizational structure: simple, flat, functional, business-unit type structure, centralization vs. decentralized. Leading change: 8 steps to organizational transformation. Open and close with the same statement (same idea) Recall padi (preparation, analysis, decision making, implementation)