RSM100Y1 Lecture : lecture_jan26
Document Summary
Burn rate the money spent that you don"t already have. Low cost, and an environmental niche: hires volunteers. Division of labour and specialization adam smith. However, the extreme of that concept leads to a boring work style. A_ marketing strategy: human resource management, blue ocean, financial, research and development. Formal hierachy small span of control and inefficient, however information is accurate. Standardized check lists are good for routine environments like pilots. Flat organization lots of workers per manager. Tall organization lots of managers, few workers. Corporate strategies: establish positions, boost combined performance, capture congruence benefits, prioritize investments, all of the above. 6 weeks to 3 days to build a car. Efficiency ratings = 1/3 of normal person hours per car. They didn"t reorganize their management entirely but made a turnaround in the 1990"s. Siloes no communication or exchange between the siloes, a metaphor for a lack of communication in a business.
