AFM131 Lecture Notes - Lecture 8: Job Satisfaction, Swot Analysis, Transformational Leadership

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Planning= anticipating trends and determining best strategies and tactics to achieve organizational goals and objectives. Trend is planning teams to help monitor the environment, find business opportunities, and watch for challenges. Organizing-designing the structure of the organization and creating conditions and system in which everyone and everything work together to achieve goals and objectives. Leading-creating a vision for the organization and guiding, training, coaching and motivating others to work effectively to achieve goals and objectives. Empowerment= also known as directing; telling employees exactly what to do 9. Controlling=establishing clear standards to determine whether or not an organization is progressing towards goals and objectives, rewarding people, taking correcting action. Guide strategic planning through day-to-day decision by being mindful of how all stakeholders will be treated. Vision informs values- unite workers for a common purpose. A vision helps establish a mission statement: mission statement= outline of the fundamental purposes of an organization.