MGM101H5 Study Guide - Midterm Guide: Resource Consumption, Mary Parker Follett, Hawthorne Effect
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MGM101H5 Full Course Notes
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Document Summary
Planning is often about formalizing a strategy that has already been selected and documenting the steps that managers must follow within the organization to put that strategy into effect. The process of thinking on a continual basis what strategies an organization should pursue to attain its goals. Strategizing is more than just planning, it involves constantly thinking about strategic alternatives. Who within an organization will perform what tasks. How different parts of the organization will coordinate their activities to pursue a common goal. Skilled organizers are more likely to successfully implement strategy and raise the performance of their organizations. An important aspect of controlling is providing incentive that aligns the interests of the individual employee with those of the organization. A factor, monetary, or nonmonetary, that motivates individuals to pursue a particular course of action. The process of motivating, influencing, and directing others in the organization to work productively in pursuit of organization goals.
