RSM100Y1 Study Guide - Final Guide: Specific Performance, Multiple Choice, Session 9

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Document Summary

Key: managers promote stability and leaders press for change. Only organizations that embrace both sides of that contradiction can thrive in turbulent times. Leadership and management are 2 distinctive and complimentary systems of action. Major change is needed in this consistency to quality and profitability of products competitive and volatile world to succeed. Planning and budgeting organizing and staffing controlling and problem solving. Can"t manage people effectively into battle; must be led. Setting a direction aligning people . Planning designed to produce orderly motivating and inspiring results. Visions- don"t need to be original, just need to serve the interests of important stakeholders well and be easily applied to a realistic strategy. Without direction, short-term planning is hard-with no vision and strategy to provide constraints around the planning process or to guide it. Execs need to align people not organize them- get people moving in the same direction.