SMO310 Lecture Notes - Lecture 4: Employee Engagement, Human Capital, Organizational Structure

• School: University of Alberta
• Department: Strategic Management and Organization
• Course: SMO310
• Professor: Richard Field

Document Summary

The strategy is how the firm aims to realize its mission and vision. Goals and objectives are indicators of how well the strategy is succeeding. Mission statement: communicates the oraganizations reason for being and how it aims to serve its key stakeholders. Values: beliefs of an individual or group in which one is emotionally invested. Vision statement: future oriented declaration of organizations purpose and aspirations. Values statement: reaffirms or states outrightthe organizations values that might not be eviden in mission or vision statement. Mission and vision statements play three roles: communicate the purpose of organization to stakeholders, inform strategy development, develop measurable goals and objectives to gauge success. Organizational design: formal, guided process for integrating people, information and technology in an organization should reflect and support the strategy culture is difficult to change. Social networks; individuals or organizations connected by one or more specific types of interdependency.