My key notes summary from Coursera Course: Managing Company of the Future
New strategic challenges
-Purpose
-Innovation
-Agility
-Engagement
1) Technology: Web 2.0
2) Social change: Gen Y
3) Emerging economies
4) Sustainability concerns
Our management model is now no
longer fit for purpose such as:
-Coordination achieved through
rules and procedures
-Decisions made according to
hierarchy
-People motivated by extrinsic
rewards
-Objectives set through linear
alignment
Leadership: A process of social
influence
A leader is someone who attracts
followers by virtue of what they say and what they act
Management Framework: (Koontz
& O'Donnell, 1955)
-Planning
-Organising
-Staffing
-Directing
-Controlling
Management is getting work done
through others. Bringing people together to accomplish desired goals.
Leadership and management are
different but it complements each other. We need both of them. Find the
right balance and equal prominence.
We are now in the knowledge era.
It's an era in which essentially knowledge and information are the resources on
which competitiveness is created.
Learner,
Sofia
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