ADMS 3490 Lecture Notes - Lecture 2: Organizational Identification, Post-It Note, Vertical Integration
2 Aug 2015
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And their main concern is profit because they need to stay competitive. L-s electro-galvanizing (lse: steele company, this company pays more than other companies in the industries, more benefits, skill based pay, ect. Which compensation system is the most effective: there is no compensation system that is most effective, each system works in its context, both pay systems are good because they fit the context of the organization. An organization can be conceptualized in many ways. One is that it"s a cyber nectic system; it has inputs which are transformed into useful outputs (ones which society finds useful), which makes the organization self-sustained. Four main types of inputs: human, information, physical and financial. Taking the input resources and applying procedures to them creates the outputs. Mission, vision, values ( we use these to drive core principles, every decision the company makes must reflect the values of the company. Good mission and vision statements are simple, short, easily remembered, it motivates)
