MGM101H5 Lecture Notes - Lecture 1: Meg Whitman, Henri Fayol, Apple Inc.
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MGM101H5 Full Course Notes
Verified Note
25 documents
Document Summary
Involves being aware of and analyzing what competitors are doing. Thinking about how changes in the external environment, such as changes in technology or government regulations, impact the organization. Weighing the pros and cons of alternative strategies. Anticipating how competitors might respond to these strategies. Stock-based incentive pay will induce employees to look for ways to improve the performance of the organization, thus increasing the company"s share price and their own wealth. No surprise that tim jones, who was not only the store manager but also a shareholder, actively lobbied senior management to persuade them to sell music in the stores. With the right incentives in place, employees will work productively and control their own behaviour, which reduces the need for close personal supervision and other intrusive control methods: leading and developing employees, leading. Process of motivating, influencing and directing others in the organization to work productively in pursuit of organization goals.
