BU288 Study Guide - Midterm Guide: Myers–Briggs Type Indicator, Strategic Management, Reinforcement
Document Summary
What are organizations: classical view and bureaucracy, based on economics during the 18th and 19th century; rational man assumption assumes that people want pleasure and avoid punishment. What is ob: attitudes and behaviours of individuals in organizations, how do organizations work, can ob/hr practices have a direct, positive effect on the bottom-line performance of organizations. What is strategy : moves & business approaches to produce successful performance, management"s game plan for running the business, strengthening firm"s competitive position, satisfying customers, and achieving performance targets. Thinking strategically: three big strategic questions: where are we now, where do we want to go, business positions management wants to stake out, financial objectives to achieve, strategic objectives to achieve, how will we get there, resources. Five tasks of strategic management iterative: defining business, stating a mission & forming a strategic vision, setting measurable objectives, crafting a strategy to achieve objectives. 4: evaluating performance, reviewing new developments & initiating corrective.
