MGM101H5 Lecture Notes - Lecture 1: Southeastern Conference, Meg Whitman, Employee Benefits

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Managers draw up plans for building new factories, opening new offices, implementing new information systems, improving inventory control systems, introducing new products, launching new marketing campaigns, rolling out employee benefit programs, dealing with crisis and so on. o o o steps that managers must follow within the organization to put that strategy into effect o pursue to attain its goals government regulations, impact the organization. Controlling o process of monitoring performance against goals, intervening when goals are not met and taking corrective action o control systems ensure/verify that performance is hitting goals o requires managers to compare performance against plans to monitor how successful an organization is at implementing a strategy o an impt aspect of controlling is creating incentives that align the interests if indv employees with those of the organization o incentiveis a factor, monetary or non monetary that motivates indvs to pursue a particular course of action o starbucks gives stock based compensation to employees.