AFM131 Chapter Notes - Chapter 8: Strategic Planning, Corporate Social Responsibility, Leadership Development

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

In the news: deloitte"s global human capital trends. Lack of succession planning to group next ceo"s. Grooming a lot of ppl to be ceo. Should expand that view and provide leadership training to everyone within organization not everyone will be leaders but give everyone opportunity to grow and learn leadership capabilities. From directing to leading: changes influenced by: knowledge of the manager. Guide, train, support, motivate and coach employees: knowledge of the employees. Employees usually know more about technology than they do in high-tech firms: do employees have the knowledge/resource to do their job well. Note: transparency in how managers do their job (corporate governance) and how they address corporate social responsibility will become increasingly important. Management: process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources. Planning: anticipating trends and determining the best approaches to achieve organization objectives.