Welcome to Class MT460 Mgmt Policy & Strategy Wednesdays, 7-8pm CDT Online Seminar Professor Tammy Madsen.

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Presentation transcript:

Welcome to Class MT460 Mgmt Policy & Strategy Wednesdays, 7-8pm CDT Online Seminar Professor Tammy Madsen

Agenda Unit 8 Organizational Structure, Leadership, and Culture No Unit 8 Assignment Unit 9 Final Project Questions??

Learning Objectives Identify various traditional organizational structures. Explain ways improvements have been sought in traditional organizational structures. Describe how outsourcing can create agile, virtual organizations. What is good organizational leadership? Describe ways leaders can influence culture.

Unit 8 Organizational Structure, Leadership, and Culture  Identify various traditional organizational structures. Defined: the formalized arrangement of interaction between and responsibility for the tasks, people, and resources in an organization (Pearce & Robinson, 2011) i.e. organizational chart 1)Simple - Owner-based, few employees, tasks, responsibilities, & communication  highly informal 2)Functional - Functional groups  tasks, people, & technologies 3)Divisional - Strategic business unit (SBU) 4)Matrix - Personnel  functional and staff, assigned to both basic function & project / product 5)Product-Team - Product or process teams with primary responsibilities i.e. R&D, engineering, sales and marketing, finance, & operations

 Explain ways improvements have been sought in traditional organizational structures. o Trends affecting organizations in the 21 st Century Globalization Internet Speed  Redefine the role of corporate HQ from control to support, coordination  Balance demands of control/differentiation w/ coordination/integration  Restructure to emphasize and support strategically critical activities  Reengineer strategic business processes  Downsize and self-manage Unit 8 Organizational Structure, Leadership, and Culture

 Describe how outsourcing can create agile, virtual organizations. Agile organization defined: identifies a set of business capabilities central to high-profitability operations & builds virtual organizations around those capabilities (Pearce & Robinson, 2011) Virtual organization defined: temporary network of independent companies – suppliers, subcontractors – linked by info tech to share skills, access to markets, & costs (Pearce & Robinson, 2011) Outsourcing defined: obtaining work previous done by inside employees from sources outside the company (Pearce & Robinson, 2011)  Modular Organization  Self-contained companies contribute primary support activity.  Business Process Outsourcing (BPO)  Rapidly growing segment in services industry worldwide. Unit 8 Organizational Structure, Leadership, and Culture

 What is good organizational leadership? Qualities: Embrace change & gain commitment to implement strategy Clarify strategic intent of where they will lead the company and what results they expect to achieve Build the organization Education and leadership development of next level org leaders Perseverance – staying committed when others would give up Principles – fundamental personal standards, i.e. honesty, integrity, and ethical behavior

Unit 8 Organizational Structure, Leadership, and Culture  Describe ways leaders can influence culture. Passion – motivated sense of commitment for what you do Use reward systems, symbols, and structure Depend on managers to execute strategy Beyond pay… Building Carrot Culture at work

Unit 9 Final Project: Strategic Plan Assignment Checklist  Determine the elements of strategic control.  Evaluate the balanced scorecard approach and how it integrates strategic and operational control.  Determine what is meant by continuous improvement and how it contributes to incremental innovation.

Unit 9 Final Project: Strategic Plan 1.Address Assignment Checklist Requirements 2.Use the Case Study template in Doc Sharing 3.PowerPoint Presentation 4.At least slides 5.Use the Notes Section for your talking points 6.Cite your sources  In-text citations  Reference page 6. Submit in Dropbox Unit 9 Assignment before Tuesday, September 4 at 11pm CDT

Unit 9 Final Project: Strategic Plan What should I have completed by now? Identify your company **you must be able to find research and information on this company either via the Internet or a local newspaper / magazine publication** Begin conducting your research Background on products, services, customers Mission and vision statements What is the current organizational strategy? Get started on your presentation Create an outline Use the presentation format What would you say? Use the notes section Include a Reference page for your research

Unit 9 Final Project: Strategic Plan Guidelines: Strategic Plan (slide titles) 1)Introduction 2)Background 3)Mission & Vision Statement 4)Internal & External Analysis 5)Long-term Objectives 6)Strategy Analysis & Choice 7)Plan Goals & Implementation 8)Describe Success Factors 9)Controls & Evaluation 10)Conclusion 11)References

Read Chapters 11 & 12 Initial post to Unit 8 Discussion by Sat. Watch the video Respond to 2 classmates by Tuesday Reward: Make plans! To Do this Week!