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MGT10001: Introduction to Management
Week 11: Strategic management
11
Management
Undergraduate 1
10/11/2016

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Cards

Term
The learning organisation
Definition
a provision of learning spaces a willingness to experiment no blame — mistakes are seen as an opportunity to learn a celebration of diversity a truly shared vision rewarding learning
Term
Successful organisational change relies on good change leadership
Definition
A change agent is a person or group who takes leadership responsibility for changing the existing pattern of behaviour of another person or social system
Term
The Three Common Elements of All Change
Definition
Identifying what you expect people to stop doing. Specifying what you expect people to start doing Confirming what you want people to continue doing
Term
The learning organisation
Definition
a provision of learning spaces a willingness to experiment no blame — mistakes are seen as an opportunity to learn a celebration of diversity a truly shared vision rewarding learning
Term
Once the elements are defined, focus on communicating constantly:
Definition
Why Change What is Expected What the Change is Not
Term
The crucial step KNOW WHAT MATTERS DELIVER WHAT MATTERS TAKE RESPONSIBILITY FOR WHAT MATTERS
Definition
facilitating feedback from your stakeholders. That is, determining what they want you to start, stop and continue doing in return. You have the responsibility to set the Expectations Framework, but the “what” and “how” of change comes down to aligning expectations.
Term
What are the benefits of productive relationships?
Definition
Greater clarity and trust Increased competitive agility Faster decision making Progress metrics focusing on what really matters Greater confidence in doing the right things right Accelerated performance towards people’s potential Improved extent and quality of delegation Better motivation as people know what success looks like
Term
Organisation development
Definition
‘Organisation development is a comprehensive effort to improve an organisation’s ability to deal with its environment and solve problems.
Term
organisational transformation
Definition
‘Organisational transformation is radical transformation of an organisation’s vision and structure, usually involving large-scale downsizing of its workforce
Term
Six components of strategic leadership
Definition
Determine the organisation’s purpose or vision. Exploit and maintain the organisation’s core competencies. Develop the organisation’s human capital. Sustain an effective organisational culture. Emphasise and display ethical practices. Establish balanced organisational controls.
Term
How to lead transformational change
Definition
Establish a sense of urgency for change.
Form a powerful coalition to lead the change.
Create and communicate a change vision.
Empower others to move change forwards.
Celebrate short-term ‘wins’ and recognise those who help.
Build on success — align people and systems with new ways.
Stay with it — keep the message consistent, champion the vision.
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