[MGT363H5] - Midterm Exam Guide - Comprehensive Notes for the exam (12 pages long!)
Document Summary
Chapter #2 - strategy, organizational design, and effectiveness. An organization is created to achieve a purpose often decided by ceo. The primary goal of top management is to determine organizations goals, strategy, and design thus adapting the organization in a changing environment. Middle management does the same with one department. Organizational design is the admin and execution of strategic plan. Organization direction is implemented through decisions about structure, tech, hr policies, and culture. Johnson & johnson has been successful based on their various divisions autonomy directed from the top. The decisions top managers make have large impact. Sometimes a mission is called the official goals. Official goals - refers to the formally stated definition of business scope and outcomes the organizations trying to achieve. Mission statement communicates to current and prospective employees, customers competitors, what the organization is trying to achieve and stands for.
