STEN 1000 Lecture Notes - Strategic Planning, Swot Analysis, Change Management
16 May 2013
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Document Summary
Chapter 8: management and leadership 2012-12-17 7:39 am. Change is now happening faster than ever, and global competition is just a click away. Managing change is an important element of success, particularly in light of today"s emphasis on speed in the global marketplace. National borders mean much less now than ever before, and cooperation and integration among companies have greatly increased. Organizing includes designing the structure of the organization and creating conditions and systems in which everyone and everything works together to achieve the organization"s goals and objectives. Leading involves creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization"s goals and objectives. Controlling involves establishing clear standards to determine whether an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not.
