ADM 3318 Lecture Notes - Lecture 1: Experience Curve Effects, Profit Margin

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Anthony Brown

Document Summary

Organizational design & international networks: individual => family => community => national. Each organization must create a process, which places higher priority over specific organizational outcomes. In order to create the desired effects, the four tensions must be balanced: strategy structure: not only do strategy makes structure but also structure makes strategy. However, manages of all kids are now required to place more emphasis on responsibility. Decentralized accountability allows lower-level managers to make more operational decisions but does not leave room for failed experiments. (experimentation is a pre- requisite for innovation & market adaptability) A huge strain exists today between accountability for today"s mission and adaptability for the future"s vision: ladders rings while ladder refer to the vertical (hierarchy) organizational structure, rings represents the. Organizations attempt to find a way to assign decision authority based on performance measurements & compensation programs that incentivize the individual to increase stakeholder value (principal/agent problem)